OFFICIAL PUBLICATION OF THE WEST VIRGINIA AUTOMOBILE DEALERS ASSOCIATION

November 2, 2020

smart-used-car-management

Smart Used Car Management Can Help Boost Profits During the Pandemic

A look at the raw sales numbers for the first half of the year might be enough to discourage almost anyone in the business of selling cars and trucks, but there are signs things are changing for the better, and that means opportunity. That opportunity is knocking on the business’s used car side, but it will only pay off if managed correctly.

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motor-vehicle-dealers'-rights-with-franchise

Counselor’s Corner: Motor Vehicle Dealers’ Rights with Franchise Laws

I hope everyone is safe, healthy, and learning how to effectively conduct business in the time of COVID-19. While I had promised a Part II on Advertising, I am seeing more efforts by manufacturers to challenge motor vehicle dealers’ franchise law rights. It is more timely to remind you of the significant updates made to your franchise law in 2015. The following is a summary of the more significant changes that were made. Please keep the following in mind when dealing with the manufacturer.

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multigenerational-dealerships

Multigenerational Dealerships

Dealerships make great multigenerational family businesses. However, new generations regularly enter the workforce before previous generations have retired; as a result, some dealerships may have as many as four different generations working together. Managing them all presents a challenge for even the savviest business owners. At the same time, it’s essential to realize that the workplace has always had multiple generations. What’s new is the increased rate of changes that have been caused by technology, such as the internet. Continued growth requires adapting more quickly now than in the past, but that adaptation is not an impossible task, and other businesses also share it.

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