April 2022 By Michael G. Charapp Charapp & Weiss LLP A multi-state franchised dealer group recently settled a federal lawsuit with the FTC and the state of Illinois for $10
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Protect your business and THE business
April 2022 By Michael G. Charapp Charapp & Weiss LLP Dealers today find themselves with increased responsibilities. Historically, they have taken care to protect their own businesses from lawsuits that
Best Practices Quiz
March 2022 By Michael G. Charapp Charapp & Weiss LLP In the last six months, we have reported on best practices you should adopt for your dealership operations. This quiz
Mythbusters — OEMs setting prices
February 2022 By Michael G. Charapp Charapp & Weiss LLP Dealers are facing increased pressure from their OEMs to limit selling prices of certain vehicles – usually new model battery
Mythbusters — Minor changes in dealer ownership
February 2022 By Michael G. Charapp Charapp & Weiss LLP Dealers understand that franchisors must approve the sale of a dealership, and that includes transfer of the right to control
Mythbusters — Sales of new vehicles for personal use outside the U.S.
February 2022 By Michael G. Charapp Charapp & Weiss LLP Every franchised dealer knows that sales of new vehicles for export are prohibited. Selling new vehicles to a broker who
Your information safeguarding obligations WILL get more expensive
December 2021 By Michael G. Charapp Charapp & Weiss LLP In spring 2019, we published an article titled “Your Safeguarding Obligations May Get More Expensive”. We reported that the FTC
FTC Used Car Compliance
December 2021 By Michael G. Charapp Charapp & Weiss LLP The original Used Car Rule was promulgated by the Federal Trade Commission in 1985. While there are few dealership employees
Make sure deals are neat and complete
By Michael G. Charapp Charapp & Weiss LLP You receive a letter from an attorney for a vehicle buyer. According to the attorney, the client was defrauded because your personnel
The Activist CFPB returns
By Michael G. Charapp Charapp & Weiss LLP During the Obama administration, the Consumer Financial Protection Bureau was an activist bureau. As to car dealers, the bureau was specifically structured