By: Nicholas A. Bader and Danielle M. Roth
A pattern has emerged lately where Hyundai and Genesis are peculiarly rejecting dealers’ requests. In some cases, Hyundai is refusing to allow a dealer to renovate unless and until that dealer appeases their wishes for a Genesis facility. In other...
The Territories They Are A-Changin’
Written by admin on . Posted in 2022, Franchise News.
By: W. Kirby Bissell
As many dealers are already aware, manufacturers are in the process of updating dealers’ areas of primary responsibility to conform to the 2020 Census results. Some of you may have already received letters from your manufacturer while others are still waiting. Upon...
Continuing to Diligently Request Allocation of Vehicles
Written by admin on . Posted in 2022, Franchise News.
By: Micah A. Andrews & Jason T. Allen
As dealers are well aware, there has been limited product availability across almost the entire automotive industry for multiple years. Production setbacks have been a constant theme for almost every OEM resulting in significantly low levels of...
INFLATION REDUCTION ACT LIKELY IMPACTS AVAILABILITY OF EV TAX CREDITS
Written by admin on . Posted in 2022, Franchise News.
By: Andrew G. Thomas and Richard N. Sox
As you may or may not know, the Inflation Reduction Act was signed into law by the President on August 16, 2022. This Act is largely targeted at promoting green technology, and includes a number of ambitious measures which impact a variety of...
Preparation for a Franchise Motor Vehicle Dealership Sale
Written by admin on . Posted in 2022, Franchise News, Newsletter.
By Robert A. Bass
Over the last year, the selling and buying of franchised motor vehicle dealerships has been robust. While indicators point to and continue to suggest a seller’s market, stores don’t sell themselves. There are several items an astute seller should always consider...