Business View Magazine | June 2022

72 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 6 the titling and registration process for dealers in the state of Kentucky, and in this 2022 General Session we introduced a bill that would make this process electronic. We couldn’t be more excited that the bill officially passed and we are now well on our way to ensuring that by 2024 electronic titling and registration will be available to our car dealers. This in turn will make the car buying experience for the consumer even easier and quicker. As an association, we are the advocates for our members. We support the franchise and independent car dealers throughout our state and will always work to ensure they are able to operate in a way that is both beneficial to the consumer and to these small business owners who provide so much to their local communities. Kentucky dealers provide on average over 15,000 jobs, over $700 million in tax revenues, and approximately $10.5 billion in retail sales a year. The average franchised Kentucky dealership makes close to $40,000 in charitable contributions, among the many other ways they are involved in their communities. Change can be hard and no matter the industry, growing pains are real. However, as we move along into 2022, there is no doubt that the automotive industry will continue to transform, grow, and offer new and improved ways to meet the needs of each and every person looking to purchase a vehicle.