By: Clayton Lee Lovett
Recent market trends have led to an increasing number of transactions involving seller financing in some aspect of the overall deal structure. Understandably, most sellers prefer not to provide financing as a condition for closing a transaction, favoring cash or...
Warranty Work Reimbursement: New York Dealer Choice of Time Guide
Written by admin on . Posted in 2024, Franchise News.
By: Andrew G. Thomas, Esq. and Richard Sox, Esq.
On September 4, 2024, New York’s Governor signed pro-dealer legislation which mandates that vehicle manufacturers fully compensate their dealers for the real time it takes to perform warranty and recall repair work. Specifically, the bill added...
Add-Points – To Protest or Not Protest? There is Only One Correct Answer
Written by admin on . Posted in 2024, Franchise News.
By W. Kirby Bissell
With supply chain shocks from COVID normalizing and inventories recovering, the marketplace for automotive sales is returning to normal. Customers are no longer taking whatever price is offered on available inventory and dealerships are actually having to negotiate...
A Word About the CDK Mess
Written by admin on . Posted in 2024, Newsbrief.
As all of you should have already received multiple communications from your dealer association and NADA, we will keep our comments on the CDK mess brief.
First, we strongly recommend that dealers continue to read communications from your dealer associations and NADA as they...
HMA Withdraws Product Shipment Addendum
Written by admin on . Posted in 2024, Newsbrief.
In another example of the positive impact of dealer push-back, Hyundai Motor America has agreed to withdraw the Product Shipment Addendum recently sent to, and entered into by, a number of dealers. Among other egregious provisions, the Product Shipment Addendum required dealers to accept...