2011 was a better year for car dealers, and dealers hope that business will improve in 2012. Despite continuing weakness in the general economy, customers are making their way to dealers’ showrooms. There are a number of reasons for that, and barring some major disruption the improvements should continue throughout 2012, leading to enhanced dealer
Required Notices to Employees and Dependents Please contact your carrier or employment law attorney or trusted benefit advisor if you have questions about these notices. VADA Insurance is here to guide our clients and association members; however, we do not provide legal counsel. Summary of Benefits and Coverage (SBC). Starting with plan years and open
VADA Navigates the Virginia Regulatory Maze for Virginia Dealers VADA is involved in many types of issues outside the legislative process that could have negative impacts on our dealer members. Here are several matters that we have been working on in the past few months. Factory Ownership and Tesla Motors: Tesla Motors is a manufacturer
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
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
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
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
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.
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.