Most dealers assume that when it comes time to retire from the dealer owner-operator position you will be able to designate a family member as your replacement. Increasingly, the manufacturers are refusing to honor a dealer’s designated replacement. These manufacturers, General Motors being one...
California Consumer Privacy Act – A Game Changer for All Dealers Effective January 1, 2020
Written by admin on . Posted in 2019, Legislation, Newsletter.
The California Consumer Privacy Act, effective Jan. 1, 2020, gives California consumers the right to take more ownership of their data. Among other requirements, the new law requires businesses to honor consumer demands to access personal information collected about them; be informed to whom...
The Importance of Responding to Manufacturer Performance Letters
Written by admin on . Posted in 2019, Franchise News, Newsletter.
Almost all OEMs send periodic letters to their franchisees summarizing dealerships’ past sales and customer satisfaction performance. Depending on the manufacturer, these letters will often include notations regarding prior meetings with a dealer or discuss action items a dealer has stated it...
California’s Warranty Reimbursement at Retail Legislation
Written by admin on . Posted in 2019, Legislation, Newsletter.
AB 179, California’s warranty reimbursement at retail legislation, was approved by the Governor on October 12, 2019. The approval of the legislation marks the end of a several year journey in which warranty reimbursement at retail legislation was being considered in California. AB 179’s passage...
Transaction Activity Still High
Written by admin on . Posted in 2019, Newsbrief, Newsletter.
This year has seen continued, brisk activity in the buy-sell market. Large and small automotive groups alike seem to be taking part in the flurry of transactions. This increased activity has led to longer turnaround times with almost all manufacturers, even on simple internal changes (e.g.,...