Navigating car dealership paperwork can be tricky, especially for non-English speakers. In this article, Barrie explores how federal and state laws, including consumer protection acts, safeguard non-English speaking consumers from deceptive practices.
Legal & Legislative
Barrie: Compliance Requires Constant Action
Staying compliant with the FTC’s Privacy and Safeguards Rules requires constant action. The Privacy Rule mandates providing customers with clear notices and an option to opt out of data sharing with nonaffiliated third parties. The Safeguards Rule now requires a robust security program and reporting data breaches affecting 500 or more consumers to the FTC within 30 days of discovery.
Barrie: Thinking of selling? Things to consider before your dealership goes to market.
Thinking of selling your dealership? This essential guide covers the key considerations before you go to market, from asset vs. real estate sales to non-competes.
Barrie: Your Franchisor is also a Supplier
Some dealers may not view their franchisors as suppliers, but they are if programs are offered, not mandated.
Barrie: What exactly are you entering into?
For years we have emphasized the importance of a company policy for supplier contracts. There are many suppliers of many goods and services.
Barrie: The Importance of a Succession Plan
What happens to your dealership if you’re gone? A succession plan is crucial for your family, lenders, & OEM. Learn why you can’t afford to delay.
Barrie: Cybersecurity and AI: How it Relates to Dealerships
As vehicles’ advanced technology introduces new cybersecurity risks, dealerships face direct liability. Major brands have faced vulnerabilities allowing remote vehicle control and data theft. Failing to address these discoverable risks can lead to lawsuits. Learn the critical steps to protect your dealership from these growing threats.
Barrie: Franchisors Are Bolder and More Aggressive; What About You?
In an increasingly aggressive landscape, franchisors are challenging dealer rights and pushing for changes to state franchise laws. Explore key areas where dealers can take a stand, including unfair warranty reimbursement, unlawful audits, and unreasonable performance calculations.
Barrie: Manufacturer Construction Deadlines
Considering a facility upgrade for your dealership? When you get that approval letter from the manufacturer, don’t just sign on the dotted line. Learn what to look for and how to negotiate for realistic timelines, including protection from delays.
Barrie: When do dealerships get a release?
Used vehicle sales in Richmond? Don’t skip inspections! Discover why vehicle history reports aren’t enough & how to protect your dealership from fraud claims.