A Message from VADA President and CEO Don Hall December 2022 As we reach the holidays, as I have encouraged staff, my hope is that you will all take time
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Giving Thanks — and Giving Back
A Message from VADA President and CEO Don Hall November 2022 As we pause for the Thanksgiving holiday, I like to remind our dealer community to stop and reflect on
Dealertrack: Protect revenue by eliminating costs
September 2022 Even the most routine vehicle sale requires the completion and submission of numerous forms. Postage and shipping charges to get the right documents into the hands of
Speaking of Adverse Action Notices….
Sept. 18, 2022 By Michael G. Charapp Charapp & Weiss LLP Adverse action notices are not just for consumers denied credit. The Fair Credit Reporting Act (FCRA) also requires
Mythbusters: A Dealer May Rely on an Adverse Action Notice Sent by a Finance Source
Sept. 18, 2022 By Michael G. Charapp Charapp & Weiss LLP Some myths return on a delayed schedule like cicadas emerging every seven years. One we have seen resurrected
When Can a Dealer Obtain a Credit Report on a Consumer Seeking Credit?
Sept. 18, 2022 By Michael G. Charapp Charapp & Weiss LLP While we are discussing consumer reports, we should also take a moment to remind dealers of the circumstances
New EV Tax Credits: The Details
Which EVs qualify for the tax credits? In order for EVs to qualify for the tax credit, final assembly of the vehicle must occur in North America. Dealers can enter
California Decision Impacts on Virginia
August 29, 2022 The California Air Resources Board (CARB) is responsible for evaluating the emission control systems and setting mandates for zero-emissions new vehicles and engines in California. On August
Dealertrack: Pocket more profit
August 2022 Holding costs are what a dealership spends to hold unsold inventory, including storage space, labor, insurance, interest charges, and more. Can they vary? They sure can, thanks
Keeping Eyes on the Chip Shortage — and Solutions
August 2022 Your team at the Virginia Automobile Dealers Association continues to monitor the chip shortage and its impact on Virginia dealers. This summer the U.S. Senate approved funding