Newsletter & Article Archives

Welcome to your VADA newsletter archives! Below you will find links to many of the articles from previous editions of your newsletter. If you don’t see a specific article that you are searching for, contact us at 804.545.3024

11 for ’11

December 23, 2013

We all hope that 2011 will be a year of solid recovery. Many dealers saw the 2009 expense cuts kick in fully in 2010, leading to a better profit year. 2011 can be even better as sales increase, but you should give attention to holding on to what you earn by protecting against losses. Here is a list

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Compliance Triage

December 23, 2013

Dictionary.com defines “triage” as “the determination of priorities for action in an emergency.” If you are a dealer who believes that you are facing more compliance challenges than ever, you are not alone. Many dealers today are overwhelmed by challenges because of new government mandates and actions. It is time to prioritize your obligations to

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Franchise Law: It’s Never too Early to Derail Termination

December 23, 2013

The best strategy for protecting against a franchise termination is to aggressively make your case when you get the first factory letter critical of your performance. If you wait until the termination notice is issued, you may cripple your defense. Dealers are confident that Virginia law will protect them from termination. That confidence is generally

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Federally Mandated Form Updates

December 23, 2013

Now that August is here, there are some revisions to forms that you use in your dealership of which you should be aware.   Adverse Action and Risk Based Pricing Notices   As of July 21, 2011, your dealership will be required to be using updated adverse action and risk-based pricing notices. Here is what the

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Lucky 13 in ’13

December 23, 2013

Oh, what a difference a few years make.  In late 2008, many auto pundits lamented that we might never again see sixteen million annual new vehicle sales.  Proving that their memories are as faulty as their predictions, in 2012 they told us that, just like they always expected, sixteen million annual sales are on the

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The Importance of Keeping Your Insurance Policies

December 23, 2013

You should keep all former garage policies with your liability, property, comprehensive and other coverages. Plaintiffs’ attorneys are increasingly utilizing the legal doctrine of equitable tolling to circumvent statutes of limitations that might otherwise bar legal actions against dealers. This doctrine can be used by a court to allow the presentation of a stale claim

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Seal Your Information Leaks

December 23, 2013

There are a lot of marketers out there claiming that they perform magic. There is no end to those who claim to have a secret formula to get customers to flock to your showroom. Whether it is a program to attract customers who haven’t been in to see you for a while, or a plan

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