Dear MADA Members,
I hope the first quarter of 2024 is going well for you.
The 2024 legislative session is underway, and for new car dealers, there is a sense of relief that no major initiatives are on the agenda. However, this doesn’t mean a lack of vigilance, as MADA remains actively engaged in reviewing every bill introduced at the Capitol to assess its potential impact on automobile dealers.
Traditionally, thousands of bills are introduced each year, and MADA is committed to safeguarding the interests of auto dealerships by carefully evaluating each one. Despite the absence of a major legislative push, MADA ensures a strong presence at the Capitol, reinforcing our commitment to serve as the voice of the automotive industry.
In exciting news, Governor Tate Reeves has wasted no time in his second term, announcing two significant economic development projects for the state. The first project involves a substantial $2 billion capital investment in Marshall County for the production of electric batteries aimed at powering commercial vehicles. This initiative is projected to generate 2,000 jobs with an average salary of $66,000, along with a comprehensive employee benefits package.
The second economic development project, located in Madison County, marks a historic moment for Mississippi. Amazon Web Services has committed a staggering $10 billion to construct two “hyperscale data centers,” making it the largest capital investment in the state’s history. This project not only signifies a monumental boost to the economy but also positions Mississippi as a key player in the rapidly evolving digital landscape.
The 2024 Alabama-Mississippi-Tennessee Car and Truck Dealers Convention stands as an event you do not want to miss. Scheduled for June 23-26 at the Hilton Sandestin Beach Golf Resort and Spa, this convention promises a unique opportunity for networking and gaining valuable insights.
Featuring an all-star lineup of speakers, including Mike Stanton, President and CEO of the National Automobile Dealers Association; Kevin Tynan, Global Director of Automotive Research at Bloomberg Intelligence; and Jim McLaughlin, President of McGlaughlin and Associates, attendees can expect to gather valuable information and perspectives.
The convention is not just about business; it’s a chance to connect with fellow dealers and industry partners in a family-friendly environment. With the beautiful white sands of Florida as the backdrop, attendees can unwind or engage in a round of golf, creating a perfect balance between business and leisure. The convention concludes with a spectacular fireworks show over the Gulf of Mexico, adding a touch of celebration to the event. You can find registration and additional convention information by clicking here.
I also want to take this opportunity to give a special congratulations to Jeff Field. He was named the 2024 Mississippi TIME Dealer of the Year. His commendable service to MADA in various capacities makes him an excellent choice to represent the dealer body.
As your MADA Chair, I am humbled to be given the privilege of serving you and appreciate all that you do. Our leadership team remains committed to advancing and protecting the interests of franchised automobile dealers. While we have achieved much, challenges persist, and I’m grateful for the strength of our unified dealer body. Thank you for your continued membership and support
If there’s anything I can assist with, please don’t hesitate to reach out.
Warm regards,
Trudy Moody
