OFFICIAL PUBLICATION OF THE WEST VIRGINIA AUTOMOBILE DEALERS ASSOCIATION

Pub. 5 2024 Issue 4

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.

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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.

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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

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Navigating the Dealership Buy-Sell Process

How a Broker Can Guide You to a Successful Sale

Understanding the buy-sell process is important for dealership owners considering their future — whether planning to sell or grow through acquisitions. A professional broker, often called a buy-sell advisor, can help dealers navigate this process, offering expert guidance at every stage. Their expertise can simplify the transaction and help ensure a smooth, successful closing. The

Navigating the Dealership Buy-Sell Process

How a Broker Can Guide You to a Successful Sale

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WVADA President’s Circle

1936: Robert Wilson1937: M.M. Moorehead1938: H.B. Long1939: E.B. Hopkins1940-41: Russell Meredith1942-44: J.A. Thackston1945: G.H. Brown1946-47: Homer Charmichael1948: Arthur Walker 1949: Richard Chittum 1950: Walter Duncan 1951: A.D. Wolfe1952: G.C. “Red” Stollings 1953: William Wilson 1954: Paul Layman1955: Andrew Clark 1956: Bernie Sonderman1957: A.W. Orndorff1958: William D. Poland1959: O.L. Mullin1960: Harold Hupp1961: Jack Moses1962: Joe B.

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Thank You, 2024 Gala and Convention Sponsors!

Gala Sponsors Phantom Sponsor Protective Chandelier Sponsors Capital AutomotiveDSIUnited Bank Grand Mask Sponsors King Cut Rate/CJsUSI Masquerade Sponsors Capital City Auto ActionChamp TitlesComplyAutoCox AutomotiveHuntington BankIntegrumJackson Kelly PLLCMountain State Auto AuctionPullin, Fowler, Flanagan, Brown & PoeReynolds & ReynoldsSpecialty Underwriters GroupTyler Technologies Jester Sponsors AllyBrightline Dealer AdvisorsCVRForvis MazarsHeritage Crystal CleanTrue CarWSAZ Feather Sponsors ACVBakertillyDDIJM&A GroupPeople’s BankTetrick &

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President’s Message: Reflecting on Another Remarkable Year

As we approach the end of another remarkable year, I wanted to take a moment to reflect on the accomplishments and milestones we have achieved together. This past year has been a year of growth, collaboration and advocacy for the automotive industry in West Virginia. I would also like to take a moment to thank all our dealers and members who continually support WVADA. Our events and efforts would not be possible without your support and the support of our preferred partners and associate members.

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