Legal & Legislative

Some dealers may not view their franchisors as suppliers, but they are if programs are offered, not mandated.

For years we have emphasized the importance of a company policy for supplier contracts. There are many suppliers of many goods and services.

Supreme Court ruled 6-3 that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs.

Dealers learned from the horse’s mouth that advertising, as they had known it, has officially changed.

Dealers know that the business carries with it a high-risk environment involving valuable inventory, customer interactions, employee operations and an ever-changing regulatory landscape. Understanding and maintaining adequate insurance coverage is not merely the best practice; it is a critical component of sound business risk management and legal compliance.

Occasionally, we discuss dealership myths — things that “everyone knows”, even though they may not be true. Here are some you should consider.

For years, it was old adage that the finance sources either did not permit or limited the amount of downpayment that consumers could put on a credit card for motor vehicle purchased that were financed. Times have changed. With the average cost of new motor vehicles around $50,000, making monthly payments affordable has become a real numbers game.

The original Used Car Rule was promulgated by the Federal Trade Commission in 1985. While there are few dealership employees who were active before the Rule was put in place, there is still some confusion surrounding the completion of the buyers guide. This was caused in part in early 2017 when the Rule was revised, and the buyers guide was redesigned.