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Errors in Deal Documents Can Have Bad Consequences

Recently our firm has handled several cases where a dealership’s chances of success in a lawsuit were greatly weakened by errors or omissions in the dealership’s sales documents. In one case, there were several documents that required the signatu
May 11, 2012

Credit Thaw a Breath of Spring Air to Consumers, Retailers and Lenders

Living in Southern California, I don’t get to experience the four seasons like people in many other parts of the country. However, I recently visited some of my co-workers in Chicago and couldn’t help but notice the smiles on their faces and pep
Apr 20, 2012

Better Losses for Better Premiums

Every dealer knows there is a relationship between the losses printed on your loss runs and the premiums you pay. If premiums continue to rise as predicted by industry professionals, the first dealers to feel the pain will be those with higher losses
Apr 19, 2012

Better Losses for Better Premiums

Every dealer knows there is a relationship between the losses printed on your loss runs and the premiums you pay. If premiums continue to rise as predicted by industry professionals, the first dealers to feel the pain will be those with higher losses
Apr 6, 2012

Proper Warranty Denial Procedures

Almost every dealership deals with warranty coverage issues of some kind. Whether it is a manufacturer’s warranty, a parts warranty or an aftermarket or extended warranty, all warranties have excluding coverage of certain repairs. Common exclusions
Mar 15, 2012

Five Reasons Why Dealers Will See Continued Growth in 2012

Considering the state of world events and market conditions, 2011 turned out to be a pretty good year for auto dealers, at least compared with 2010. According to information published by Autodata Corp., total light vehicle sales for 2011 was expected
Mar 14, 2012

Will your Dealership Grow or be Stagnant this Year?

How to prepare for growth – step 1 The common excuse for dealership complacency is: “Well, this is the car business.” If you break this slogan down, what you get is: “Yes, we are a corporation with a P&L statement, balance sheet, HR depar
Mar 13, 2012

A ‘Firming’ Insurance Market for 2012

After reading the insurance trade journals for the last month, it seems that the operative insurance term of 2012 is firming. Firming is, “insurance-speak” for slowly raising rates. A firming market is one where insurance rates go up at a pace th
Feb 23, 2012

Lenders have Reloaded their Chips and are Playing more Aggressive Hands

I love when the National Automobile Dealers Association convention takes place in Las Vegas, as it did this year. Though I’m much more inclined to spend my time in Las Vegas taking in a show, I like the sensory overload of a walk down the strip or
Feb 17, 2012