At the beginning of the pandemic, dealers worked hard to reduce expenses. One strategy was to terminate or renegotiate supplier contracts. Unfortunately, once they reviewed the contracts, dealers saw that
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Franchise Lessons from the Pandemic
Franchisors had their own challenges in dealing with the pandemic. The most notable problems were production slowdowns and stoppages that led to product shortages that dealers have been and are
TIME AND ALLY FINANCIAL HONOR CHESAPEAKE DEALER
Banister is one of a select group of 40 dealer nominees from across the country who will be honored at the 104th annual National Automobile Dealers Association (NADA) Show being held virtually
F&I Issues in the Age of Social Justice
People can debate the extent to which the impact of the pandemic on minorities spurred increased social justice activities. One cannot debate that social justice activities have increased. One area
SBA and Treasury Issue New PPP Materials and Guidance
Recently, the U.S. Small Business Administration (SBA) and Treasury issued materials/guidance concerning the Paycheck Protection Program (PPP). They are: 1. An SBA Procedural Notice addressing changes of ownership for entities having received
Staff Profile: Natalie Toler
This is one in a series of profiles of VADA and Integrum Advisors team members. With these profiles, we ask them to share a story – funny, touching, insightful, or
What To Do While Waiting for Indemnification
You have been sued in a product liability case along with your franchisor. The plaintiff alleges that he bought a new car from you, you serviced it regularly, and a
Keep Copies of Critical Documents
We have written repeatedly about the inability of dealers to immediately access copies of documents essential to their businesses. With widespread availability of cloud storage, there is no reason not
New legal protections for individuals on the basis of pregnancy, childbirth, or related medical conditions
Effective July 1, 2020 are several employment law changes applicable to your business. One is an amendment to the Virginia Human Rights Act that added new legal protections for individuals
Be Clear About the Extended Service Agreement Provider
In 2017, General Motors created a furor by mandating that dealers use forms containing unprecedented and inflammatory disclosures on use of non-GM parts in repairs of vehicles and sales of