By SEMA Washington, D.C., Staff

Collector Car Appreciation Day (CCAD) will be celebrated this year on July 10. At the request of the SEMA Action Network (SAN), this holiday has been marked each year since 2010 by a U.S. Congressional Resolution recognizing that the “collection and restoration of historic and classic cars is an important part of preserving the technological achievements and cultural heritage of the United States.” States, local governments and Canadian provinces have adopted similar commemorative declarations, making it an international recognition of the collector-car hobby and the millions of individuals who support it.

If you or someone you know is hosting a vehicle-related gathering in July—whether public or private—submit the details at no cost on the SAN website if you haven't done so already! Locate an official listing near you and more on the SEMA Action Network homepage.  Participating organizers will be awarded a copy of the Congressional resolution for display at their registered event.

As in years past, a wide range of automotive festivities are planned to commemorate the occasion. With an understanding that this summer may not allow in-person events, those planning to celebrate with a virtual gathering (online event, livestream, digital gallery, etc.) are welcome to provide details for inclusion on the SAN website. As always, the SAN welcomes any level of participation throughout the month of July and encourages everyone to spread the word about honoring the classics of the past and the future.

Celebrate the hobby your way!

• Attend an official vehicle-inspired event or web-based celebration.
• Host your own safety-minded gathering, club meeting or online gallery.
• Promote a holiday sale at your business in-store or online.
• Invite partnerships with nearby enthusiast-related groups if possible.
• Drive your special ride—new or old—whatever the destination.

Check out the video PSA featuring TV personality Courtney Hansen. Please share it using the following link: https://youtu.be/_W09BQ6T19Q. 

Download the official logo and flyer from the homepage and help promote this special day. 

By SEMA Washington, D.C., Staff

Collector Car Appreciation Day (CCAD) will be celebrated this year on July 10. At the request of the SEMA Action Network (SAN), this holiday has been marked each year since 2010 by a U.S. Congressional Resolution recognizing that the “collection and restoration of historic and classic cars is an important part of preserving the technological achievements and cultural heritage of the United States.” States, local governments and Canadian provinces have adopted similar commemorative declarations, making it an international recognition of the collector-car hobby and the millions of individuals who support it.

If you or someone you know is hosting a vehicle-related gathering in July—whether public or private—submit the details at no cost on the SAN website if you haven't done so already! Locate an official listing near you and more on the SEMA Action Network homepage.  Participating organizers will be awarded a copy of the Congressional resolution for display at their registered event.

As in years past, a wide range of automotive festivities are planned to commemorate the occasion. With an understanding that this summer may not allow in-person events, those planning to celebrate with a virtual gathering (online event, livestream, digital gallery, etc.) are welcome to provide details for inclusion on the SAN website. As always, the SAN welcomes any level of participation throughout the month of July and encourages everyone to spread the word about honoring the classics of the past and the future.

Celebrate the hobby your way!

• Attend an official vehicle-inspired event or web-based celebration.
• Host your own safety-minded gathering, club meeting or online gallery.
• Promote a holiday sale at your business in-store or online.
• Invite partnerships with nearby enthusiast-related groups if possible.
• Drive your special ride—new or old—whatever the destination.

Check out the video PSA featuring TV personality Courtney Hansen. Please share it using the following link: https://youtu.be/_W09BQ6T19Q. 

Download the official logo and flyer from the homepage and help promote this special day. 

By SEMA Washington, D.C., Staff

Collector Car Appreciation Day (CCAD) will be celebrated this year on July 10. At the request of the SEMA Action Network (SAN), this holiday has been marked each year since 2010 by a U.S. Congressional Resolution recognizing that the “collection and restoration of historic and classic cars is an important part of preserving the technological achievements and cultural heritage of the United States.” States, local governments and Canadian provinces have adopted similar commemorative declarations, making it an international recognition of the collector-car hobby and the millions of individuals who support it.

If you or someone you know is hosting a vehicle-related gathering in July—whether public or private—submit the details at no cost on the SAN website if you haven't done so already! Locate an official listing near you and more on the SEMA Action Network homepage.  Participating organizers will be awarded a copy of the Congressional resolution for display at their registered event.

As in years past, a wide range of automotive festivities are planned to commemorate the occasion. With an understanding that this summer may not allow in-person events, those planning to celebrate with a virtual gathering (online event, livestream, digital gallery, etc.) are welcome to provide details for inclusion on the SAN website. As always, the SAN welcomes any level of participation throughout the month of July and encourages everyone to spread the word about honoring the classics of the past and the future.

Celebrate the hobby your way!

• Attend an official vehicle-inspired event or web-based celebration.
• Host your own safety-minded gathering, club meeting or online gallery.
• Promote a holiday sale at your business in-store or online.
• Invite partnerships with nearby enthusiast-related groups if possible.
• Drive your special ride—new or old—whatever the destination.

Check out the video PSA featuring TV personality Courtney Hansen. Please share it using the following link: https://youtu.be/_W09BQ6T19Q. 

Download the official logo and flyer from the homepage and help promote this special day. 

By SEMA Washington, D.C., Staff

The deadline for the U.S. Small Business Administration (SBA) to approve Payroll Protection Program (PPP) loans is June 30, 2020, so do not wait to submit your application for the program. More than $120 billion is still available for lending (as of June 20). The SBA has a “Find Local Lenders” page to help locate the nearest PPP lending institutions.  

Lawmakers recently enacted the PPP Flexibility Act to provide companies more options on how funds are used. Highlights include:

• Loan Amount: PPP loans equal the average of one month’s 2019 payroll multiplied by 2.5 (capped at $10 million).
• Amount Forgiven: The SBA will forgive that portion of the loan used to cover payroll, rent payments, mortgage interest and the cost of utilities for a fixed period of time. As a result of the PPP Flexibility Act, the employer may now choose the covered period, either: (a) eight consecutive weeks from when the loan was received, or (b) up to 24 weeks from when the loan was received or on December 31, 2020, whichever comes first.
• Use of Funds: PPP funds can be used to cover payroll, mortgage or rent payments, utilities and other specified expenses. At least 60% of the amount to be forgiven must be spent on payroll, which includes employee benefit costs for vacation, sick/parental leave, insurance premiums, retirement benefits and state and local taxes.
• Interest Rate and Repayment Terms: The loan interest rate is 1%. Repayments on any amount not forgiven is deferred at least 10 months after the end of the covered period, with a two-year term for loans secured before June 5, and five-year term for loans on or after that date.
• Rehiring Workers: Employers have until December 31, 2020, to rehire workers and have their salaries count toward forgiveness.
• Payroll Taxes: Businesses receiving a PPP loan may also defer payment of 2020 payroll taxes.
• Forgiveness Application: The SBA has created two applications for seeking loan forgiveness—a standard form and an EZ version, which requires fewer calculations and less documentation. 

1. EZ Forgiveness Application
2. Standard Forgiveness Application

For more information, visit the SBA's PPP webpage.

By SEMA Washington, D.C., Staff

The deadline for the U.S. Small Business Administration (SBA) to approve Payroll Protection Program (PPP) loans is June 30, 2020, so do not wait to submit your application for the program. More than $120 billion is still available for lending (as of June 20). The SBA has a “Find Local Lenders” page to help locate the nearest PPP lending institutions.  

Lawmakers recently enacted the PPP Flexibility Act to provide companies more options on how funds are used. Highlights include:

• Loan Amount: PPP loans equal the average of one month’s 2019 payroll multiplied by 2.5 (capped at $10 million).
• Amount Forgiven: The SBA will forgive that portion of the loan used to cover payroll, rent payments, mortgage interest and the cost of utilities for a fixed period of time. As a result of the PPP Flexibility Act, the employer may now choose the covered period, either: (a) eight consecutive weeks from when the loan was received, or (b) up to 24 weeks from when the loan was received or on December 31, 2020, whichever comes first.
• Use of Funds: PPP funds can be used to cover payroll, mortgage or rent payments, utilities and other specified expenses. At least 60% of the amount to be forgiven must be spent on payroll, which includes employee benefit costs for vacation, sick/parental leave, insurance premiums, retirement benefits and state and local taxes.
• Interest Rate and Repayment Terms: The loan interest rate is 1%. Repayments on any amount not forgiven is deferred at least 10 months after the end of the covered period, with a two-year term for loans secured before June 5, and five-year term for loans on or after that date.
• Rehiring Workers: Employers have until December 31, 2020, to rehire workers and have their salaries count toward forgiveness.
• Payroll Taxes: Businesses receiving a PPP loan may also defer payment of 2020 payroll taxes.
• Forgiveness Application: The SBA has created two applications for seeking loan forgiveness—a standard form and an EZ version, which requires fewer calculations and less documentation. 

1. EZ Forgiveness Application
2. Standard Forgiveness Application

For more information, visit the SBA's PPP webpage.

By SEMA Washington, D.C., Staff

The deadline for the U.S. Small Business Administration (SBA) to approve Payroll Protection Program (PPP) loans is June 30, 2020, so do not wait to submit your application for the program. More than $120 billion is still available for lending (as of June 20). The SBA has a “Find Local Lenders” page to help locate the nearest PPP lending institutions.  

Lawmakers recently enacted the PPP Flexibility Act to provide companies more options on how funds are used. Highlights include:

• Loan Amount: PPP loans equal the average of one month’s 2019 payroll multiplied by 2.5 (capped at $10 million).
• Amount Forgiven: The SBA will forgive that portion of the loan used to cover payroll, rent payments, mortgage interest and the cost of utilities for a fixed period of time. As a result of the PPP Flexibility Act, the employer may now choose the covered period, either: (a) eight consecutive weeks from when the loan was received, or (b) up to 24 weeks from when the loan was received or on December 31, 2020, whichever comes first.
• Use of Funds: PPP funds can be used to cover payroll, mortgage or rent payments, utilities and other specified expenses. At least 60% of the amount to be forgiven must be spent on payroll, which includes employee benefit costs for vacation, sick/parental leave, insurance premiums, retirement benefits and state and local taxes.
• Interest Rate and Repayment Terms: The loan interest rate is 1%. Repayments on any amount not forgiven is deferred at least 10 months after the end of the covered period, with a two-year term for loans secured before June 5, and five-year term for loans on or after that date.
• Rehiring Workers: Employers have until December 31, 2020, to rehire workers and have their salaries count toward forgiveness.
• Payroll Taxes: Businesses receiving a PPP loan may also defer payment of 2020 payroll taxes.
• Forgiveness Application: The SBA has created two applications for seeking loan forgiveness—a standard form and an EZ version, which requires fewer calculations and less documentation. 

1. EZ Forgiveness Application
2. Standard Forgiveness Application

For more information, visit the SBA's PPP webpage.

Compiled by SEMA Editors

Meyer Distributing Announces Acquisition of Automotive Distributing Company

Meyer Distributing Inc. has announced the acquisition of Automotive Distributing Company (ADC) based in Pennsylvania. ADC has been fully integrated into the Meyer platform, allowing increased service levels throughout the Northeast. Meyer also announced the company is currently hiring sales and purchasing positions.

“We have been looking to expand our relationships in the Northeast,” Meyer Distributing CEO Jeff Braun said. “ADC provides a great opportunity to increase coverage and improve customer service with employees [who have] lots of experience in the automotive aftermarket. We’re hiring for sales and purchasing positions there currently. We will continue to look for distribution and acquisition opportunities in our automotive, lifestyle, and janitorial/sanitation businesses.”

Braun also stated that anyone interested in the possible sale of a business could reach out to acquisitions@meyerdistributing.com.

Joe Maylish

MAHLE Motorsport Promotes Joe Maylish to Sales and Program Manager

MAHLE Motorsport General Manager Brad Green has announced the promotion of Joe Maylish to sales and program manager for the company’s North American motorsports division in Fletcher, North Carolina. Maylish will now serve as the primary contact for all external sales representatives, warehouse distributors and other customers, and will develop and coordinate sales strategies, goals and missions, direct training and coordinate market research to meet sales goals. He will temporarily continue to provide direction and oversight of the company’s marketing efforts and media buys for MAHLE Motorsport until the marketing manager position is filled. Maylish has been leading the division’s marketing department since 2018. Prior to his hire at MAHLE Motorsport, Maylish was the sales and production manager for Robby Gordon Motorsports SPEED UTV (Charlotte, North Carolina) and regional sales manager for U.S. Legend Cars/Speedway Motorsports Inc. (Las Vegas), where he had extensive event operations and management experience in NASCAR and NHRA.

GearFX Driveline Announces New Location

GearFX Driveline has announced the company will relocate to a new facility in Mooresville, North Carolina. The new location is down the street from its current post. The company's new 18,000-sq.-ft. facility increases the company’s footprint by more than 5,000 sq. ft. The new location will feature a larger dyno area and increased warehouse capacity. The machine shop, build shop and fabrication shop will also each be housed in individual, climate-controlled spaces to better control dust mitigation. Te new physical and mailing address is 114 Infield Court, Mooresville, NC 28117.

Champion Brands can produce 33,000 Polyethylene Terephthalate (PET) roundbottles in 24 hours, or 230,000 bottles per week—just shy of 1 million bottles per month.

Champion Brands Filling Aftermarket Demand With 12-oz. Clear PET Bottles

Champion Brands LLC is actively seeking orders for 12-oz., clear, Polyethylene Terephthalate (PET) round bottles to be filled on its AOKI “AL-500LL-50S” production line. Polyethylene terephthalate is a polymer that is formed by combining two monomers: modified ethylene glycol and purified terephthalic acid. Champion’s AOKI “AL-500LL-50S” production line produces almost zero scrap plastic, according to the company. Bottle runs are typically at 23bpm, which comes out to 33,000 bottles in 24 hours, or 230,000 bottles per week—just shy of 1 million bottles per month.

Dayco Adds Sales And Marketing Leadership

Dayco has announced several leadership changes. Thomas J. (TJ) Fontana will serve as the director of sales for North America, while Shannon Lara has been announced as the director of marketing for the North American aftermarket. In addition, Tyler Samagalski was promoted to the director of industrial, fluid power and performance markets in North America. All will report directly to Dayco Vice President of the North American Aftermarket Tom Tecklenburg. Fontana will lead the light and commercial vehicle aftermarket segment, while Samagalski will head up the industrial, fluid power and performance markets for the United States and Canada. Lara will work directly with the pair to deliver new products, programs and applications to the market.

Tim Zapp

Tim Zapp Promoted To Borowski Race Engines Shop Manager

Borowski Race Engines Inc. (BRE) has announced that Tim Zapp has been promoted from lead technician to shop manager. Zapp, an active drag racer, is described as a “true prodigy,” having assembled his first engine at the age of 14. Zapp most recently completed Holley’s EFI training program as well as an advanced Rottler 5-axis CNC course. Zapp first joined Borowski Race Engines while still attending high school, and is now in his ninth year of employment with the engine builder.

Have some company news you would like to share? Let us know and the news may appear in an upcoming issue of SEMA eNews. Send your items for consideration to editors@sema.org.

By Della Domingo

Show organizers are actively working with leading experts to develop standards and protocols that will create an optimal environment to conduct business while emphasizing the health and well being of those at the event.

Registration for the 2020 SEMA Show, Tuesday-Friday, November 3–6, at the Las Vegas Convention Center in Las Vegas, is available at www.SEMAShow.com/register.

The annual gathering featuring automotive innovation is set to take place in the fall at a time when analysts anticipate the marketplace will begin its path to recovery, positioning the SEMA Show to be vital in helping businesses move toward a successful 2021. Show organizers are actively working with leading experts to develop standards and protocols that will create an optimal environment to conduct business while emphasizing the health and well being of those at the event.

The SEMA Show’s annual booth space selection process began earlier this month with more than 1,800 exhibiting companies participating. The Show is comprised of 12 individual industry sectors and affords buyers the opportunity to find products to build their core business or venture into new areas of growth with complimentary product and service offerings. Education, new products and trend spotting are the typical draws at the event and this year will continue based on the support the industry has shown thus far.

“We know the SEMA Show this year will be fundamental to helping businesses connect and move forward. We take that role very seriously, but not at the expense of the health and safety of the industry,” said Tom Gattuso, SEMA vice president of events. “We’re confident that we will build a suitable environment that gives people certainty that they are not at risk to congregate, yet still allows us to leverage the Show’s position on the calendar to help the industry recover more quickly.”

Gattuso notes that the 2020 SEMA Show will likely look different from previous SEMA Shows, but assures the industry that the high levels of value and quality of business to which visitors are accustomed will remain the same.

By Della Domingo

Show organizers are actively working with leading experts to develop standards and protocols that will create an optimal environment to conduct business while emphasizing the health and well being of those at the event.

Registration for the 2020 SEMA Show, Tuesday-Friday, November 3–6, at the Las Vegas Convention Center in Las Vegas, is available at www.SEMAShow.com/register.

The annual gathering featuring automotive innovation is set to take place in the fall at a time when analysts anticipate the marketplace will begin its path to recovery, positioning the SEMA Show to be vital in helping businesses move toward a successful 2021. Show organizers are actively working with leading experts to develop standards and protocols that will create an optimal environment to conduct business while emphasizing the health and well being of those at the event.

The SEMA Show’s annual booth space selection process began earlier this month with more than 1,800 exhibiting companies participating. The Show is comprised of 12 individual industry sectors and affords buyers the opportunity to find products to build their core business or venture into new areas of growth with complimentary product and service offerings. Education, new products and trend spotting are the typical draws at the event and this year will continue based on the support the industry has shown thus far.

“We know the SEMA Show this year will be fundamental to helping businesses connect and move forward. We take that role very seriously, but not at the expense of the health and safety of the industry,” said Tom Gattuso, SEMA vice president of events. “We’re confident that we will build a suitable environment that gives people certainty that they are not at risk to congregate, yet still allows us to leverage the Show’s position on the calendar to help the industry recover more quickly.”

Gattuso notes that the 2020 SEMA Show will likely look different from previous SEMA Shows, but assures the industry that the high levels of value and quality of business to which visitors are accustomed will remain the same.

By Linda Spencer

Learn about the new documentation required under the U.S.–Mexico–Canada Agreement (USMCA). The three-country agreement, effective July 1, replaces the North America Free Trade Agreement (NAFTA).

Join SEMA for the latest in the export best practices online series with this hour-long webinar, July 9, at 11:00 a.m. (PDT). A  U.S. Customs and Border Protection (CBP) officer will provide an overview of the recently concluded agreement, provide details on the confusing new rules of origin for auto parts and review the paperwork required to export your products within the region. Come away from the one-hour session with additional resources and points of contact.  

Register now. For more information contact Linda Spencer at lindas@sema.org.