By W. Kirby Bissell
As the US population ages and modern medicine continues to increase life expectancies (save for a slight downturn this year due to a once in a millennia pandemic), dealers can expect to encounter older car-buyers more frequently. And, while these consumers generally...
INCENTIVE AND WARRANTY AUDITS – KNOW YOUR RIGHTS
Written by admin on . Posted in 2020, Franchise News, Newsletter.
I. Background
Manufacturer letters providing notice that a dealership has been selected as an eligible candidate for an incentive or warranty audit are critically important and should never be taken for granted. An audit may be the prelude for other plans a manufacturer may wish to accomplish,...
Dealer Agreement Renewals and Modifications: Dot Your “I’s” and Cross Your “T’s”
Written by admin on . Posted in 2020, Franchise News, Newsletter.
When changes are made to your Dealer Agreement, which many times occurs upon renewal, they should be carefully scrutinized to ensure that they are not harmful to your dealership. In many states, dealers are afforded the opportunity to challenge these changes, and that opportunity may be...
Hyundai Motor America’s New ROFR Addendum
Written by admin on . Posted in 2020, Franchise News, Newsletter.
HMA has recently started sending a Right of First Refusal Addendum (the “Addendum”) to Hyundai dealers for signature. Many dealers have been questioning whether the language included in the Addendum is standard for rights of first refusal (“ROFR”) in a Dealer Sales and Service Agreement...
Changing Part Numbers or Price Due to the Volume of Repairs or an Anticipated Recall
Written by admin on . Posted in 2020, Franchise News, Newsletter.
We have heard from numerous dealers that manufacturers have been reducing part prices related to specific repairs, or changing part numbers. While a manufacturer may have legitimate reasons for doing this, it is also a tactic typically employed by manufacturers to reduce the amount of...