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Texas Economy — continued from page 34“I know we are the envy of dealersin many states as we see our populationgrow,” says Stephen Cavender, presidentof Cavender Toyota, San Antonio. “I thinkTexas dealers are guardedly optimisticabout the future.”Cavender Toyota is projecting a 15 to20 percent increase in sales volume in2012, he says. That will be helped in partby access to better inventory, both newand used.“For the most part, I think people areback in dealer showrooms,” he says. “Weare seeing people more comfortable makingbig ticket purchases again.”That’s reflected in state motor vehicletax revenues — good news for the state— and a welcome return to hiring bycar dealers.“There’s not a car dealer in Texas whodidn’t feel the effects of economic downturnand recession,” says Cavender, whoserved as 2011 TADA board chairman.“We all made cutbacks, we asked moreof our employees and retained fewer onour payrolls. We all learned very valuablelessons about running our businesses. Ithink in the back of every dealer’s mind,we have to be thoughtful and mindfulthat although the economy is better, otherthings can affect sales.”The 2011 Japanese earthquake andsubsequent nuclear power station crisisthat interrupted parts supply and productionfor Toyota and other Japanesebrands halted production at the Tundraplant in San Antonio and affected whatwas shaping up to be a “great year,”Cavender says.“I can’t over emphasize the [negative]effect of not having enough inventory,”he says.More vehicles on Texasroads, but makeup haschangedGrowing population has boosted thenumber of vehicles on Texas roads anddrivers are using different criteria whenchoosing what to purchase.<strong>Wimbish</strong> says the sales recovery seenin used vehicles and domestic brands in2011 will be followed by a push in importsales this year, particularly vehicles builtby Asian automakers. Texas Economy — continued on page 3836
More Cars and Trucks Hit the Road Each YearType of registrationFiscalYearPassenger
Page 6 and 7: ARE YOU READY FORTAX SEASON SALES?S
Page 9 and 10: From global resourcesthrough local
Page 11 and 12: 2012 SPRING 11
Page 13 and 14: TADA Regions and Districts NORTHEAS
Page 16 and 17: An Interview WithChairman of the Bo
Page 19 and 20: Advertising OpportunityTADA Annual2
Page 21: 2012 SPRING 21
Page 24 and 25: COUNSELOR’S CORNERCase Law Update
Page 26 and 27: © 2012 Texas Mutual Insurance Comp
Page 28 and 29: “My focus is running mydealership
Page 30 and 31: Raymond Palacios:President of Bravo
Page 33 and 34: of local economies throughout Texas
Page 38 and 39: Texas Economy — continued from pa
Page 40 and 41: More About AdverseAction Requiremen
Page 42 and 43: TADA Advertiser Index Spring 2012At
Page 44: Texas Automobile Dealers Associatio

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