OFFICIAL PUBLICATION OF THE WEST VIRGINIA AUTOMOBILE DEALERS ASSOCIATION

December 20, 2024

Counselor’s Corner: The Vehicle Shopping Rule and the Junk Fee Rule

I have been receiving more questions about the Federal Trade Commission’s (FTC) changes related to advertising and record keeping. While I have previously summarized the tentative new rules, allow me to take a deeper dive for you. I do wish to point out one important point before moving on. Even if the Vehicle Shopping Rule is struck down by the courts, the FTC has implemented the Junk Fee Rule which would then be applicable to new motor vehicle dealers. While I will address the Junk Fee Rule later, I did not wish this important legal point to go without emphasis.

Counselor’s Corner: The Vehicle Shopping Rule and the Junk Fee Rule Read More »

By the Numbers: Restoring Profitability Through Fixed Operations

A recent article in Automotive News confirmed what many dealership owners already knew: The gross profit per vehicle sold has fallen closer to pre-pandemic levels. At the same time, expenses have increased by more than 20% compared to pre-pandemic figures. Given these realities, it’s easy to assume that maintaining net profits is no longer feasible. However, by shifting our focus to fixed operations — the backbone of any dealership — we can still restore profitability.

By the Numbers: Restoring Profitability Through Fixed Operations Read More »

2025 TIME Dealer of the Year Nominee Shawn Ball

Shawn Ball is the dealer principal at L&S Toyota of Beckley in Beckley, West Virginia. His long-standing commitment to service in his community has earned him all the recognition that comes with being nominated as the 2025 TIME and Ally Financial Dealer of the Year.  Through hard work and determination, Shawn overcame many obstacles and

2025 TIME Dealer of the Year Nominee Shawn Ball Read More »