Everything You Need to Know to Be a Successful and Competitive Automotive Dealer in Virginia.
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16 Thoughts for 2016
2015 was the best year for the motor vehicle industry since the recession of 2008-2009. Vehicle sales volume should stay solid through 2016. Unfortunately, major forces can choke robust business
Be Careful: That Unusual Request for a Credit App may be Legitimate
Have you ever had a request by your provider of credit reports to produce a copy of a signed credit application to justify your request for the report? If so,
Arbitration for Employees
While controversy about predispute arbitration provisions has centered on consumer agreements, be careful if you use predispute arbitration agreements for personnel matters. Employees frequently challenge the enforcement of those provisions,
Exporter Sues to Challenge Non-Export Requirements
Most franchisors impose requirements on dealers to prevent sales of new vehicles for export. U.S. franchisors contend these limitations are necessary because their rights to distribute vehicles are limited to
Protect the Dealership from Losses
Overwhelmed by compliance demands on your dealership? You are not alone. Driven primarily by the increased aggressiveness of federal regulators, oversight of dealers can be daunting. It is time for
CFPB’s Proposal to Ban Arbitration Waivers
The Consumer Financial Protection Bureau held a field hearing on October 7, 2015 in Denver, CO. The Bureau used the event to announce that the CFPB is empaneling a Small
Have a Man-Made Disaster Plan
Every dealer should have a disaster recovery plan. You never know when a natural catastrophe will require the dealership to recover from crippling occurrences like floods and hurricanes. Natural calamities
U.S. DOJ Guidelines on Individual Accountability and What They Mean for Car Dealers
The U.S. Department of Justice generated significant publicity in September 2015 by announcing a change in policy in business investigations. In a memorandum to prosecutors throughout the DOJ covering virtually
Are you EMV Compliant?
On October 1, 2015, changes in a retailer’s liability for fraudulent credit card use will go into effect. Credit card issuers will reserve the right to shift liability for fraudulent