2019 was an impressive year for the buy-sell market, and the start of 2020 appeared to continue the trend. January and February, which are normally slow months, saw unusually high buy-sell activity. But, by the start of March, the buy-sell market came to a screeching halt. General uncertainty...
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,...
Several Dealer Associations Focused on OEM Distribution of Electric Vehicles
Written by admin on . Posted in 2020, Newsbrief, Newsletter.
BSM has been asked by several Dealer Associations to examine whether the OEM plans for distribution of Electric Vehicles runs afoul of existing franchise protections. In particular, dealers and their state and metro associations have expressed concern with the electric vehicle ordering systems...
BSM Assists Dealers Compile Their PPP Loan Forgiveness Applications
Written by admin on . Posted in 2020, Newsbrief, Newsletter.
BSM Shareholder, Richard Sox, and his team are actively assisting dealers ready their PPP Loan Forgiveness applications for submission to their lender. This assistance includes answering questions related to interpretation of the SBA promulgated rules related to the use of loan proceeds, seeking...
BSM Retained to Challenge the Lincoln Commitment Program on behalf of the New Jersey Coalition of Automobile Retailers
Written by admin on . Posted in 2020, Newsbrief, Newsletter.
NJCAR has retained BSM to file a complaint in New Jersey federal court challenging the Lincoln Commitment Program as a violation of the New Jersey franchise protections.
The New Jersey Lincoln dealers overwhelmingly objected to the requirement in the Lincoln Commitment Program to construct an...