News

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

Advertising and the Feds

December 23, 2013

You have probably been reading a lot lately about the Consumer Financial Protection Bureau (CFPB). Its regulation of the companies that provide financing and leasing for your customers will have an impact on your business in the future.  Franchised dealers, however, are not subject to direct regulation by the CFPB. That is because the Dodd

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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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Trust but Verify

December 23, 2013

When asked for the one piece of advice to give to a dealer on franchise relations, President Ronald Reagan’s often repeated phrase that characterized his relations with the Soviet Union is a good choice – “Trust but verify.” A cordial, professional rapport is important to the franchisor/franchisee relationship.   But, a franchisor will always operate in

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Get Ready for Tax Changes on July 1st

December 23, 2013

The 2013 General Assembly passed a comprehensive bill to increase transportation revenue. The bill changes several of the taxes that you as an auto dealer collect from your sales and service customers. VADA will be conducting its annual Legislative and Legal Update webinar on Tuesday, June 11th from 11:00 am until 1:00 PM. We will

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Get Ready for Tax Changes on July 1st

June 10, 2013

VADA will be conducting its annual Legislative and Legal Update webinar on Tuesday, June 11th from 11:00 am until 1:00 PM covering issues such as the comprehensive bill to increase transportation revenue.

Preapproval of Dealership Changes in Virginia

June 10, 2013

Learn the advantages and disadvantages of having “skin in the game” – an ownership interest in the dealership that enhances the senior manager’s rewards and risks.

How to Handle New Vehicle Damage

June 10, 2013

Virginia Code 46.2-1571 governs the procedure for damage to new vehicles as follows: D. On any new motor vehicle, any uncorrected damage or any corrected damage exceeding three percent of the manufacturer’s or distributor’s suggested retail price as defined in 15 U.S.C. §§ 1231-1233, as measured by retail repair costs, must be disclosed to the

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Help us help you by participating in the 2013 NADA Workforce Study

June 10, 2013

The NADA Workforce Study is now available online and we need your dealership(s) to participate. Participating dealers will receive their dealership-specific Basic Report and Industry Report at no charge.

Dealership Real Estate Lease

June 10, 2013

Include a Waiver of the Landlord’s Lien Common law gave a landlord a lien to sell abandoned personal property left on rented or leased premises by a former tenant to cover unpaid rent or damages to the property. Over the years, states have enacted statutes codifying the lien and including limitations. In Virginia, the statutes

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