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Conference & Expo: October 14 -15, 2025
DealerPoint: April 9-11, 2025

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SMAART Objectives for 2011 Planning and Execution

Now is the perfect time to begin planning for expense reductions in 2011 if you haven’t already done so. From the supplier and expense side of your business, if you are like most dealers, you have the following facts to contend with: Active managem
Nov 1, 2010

Pay Attention to Your BSometer

Imagine playing golf in pitch dark. The acrylic golf ball has a glow stick running through the middle. This hard plastic ball flies substantially less than the normal Titleist. On the good side, as long as your shot isn’t in the woods or the lake,
Nov 1, 2010

Will your Garage Insurance Premiums be Going Up?

Last week I saw an article in Business Insurance Magazine predicting increasing insurance premiums for 2011. While the article did not specifically mention auto dealership garage insurance, there is reason for concern. The article went on to blame th
Oct 1, 2010

Protect Yourself with Out of Area Deliveries

I’ve had the pleasure to travel to or live in other cultures, mostly because of my dad’s career in the Air Force. I’ve lived in Okinawa and Germany, South Carolina and Texas, California and Illinois. Each of these areas or countries has differi
Oct 1, 2010

New Year-end Federal Requirements

I admit that I watch too much sports. My time could probably be better spent with constructive activity, but I still tend to veg out a little. For example, I recently watched some of the Tour de France. Not an active cyclist, still, I got a little me
Sep 1, 2010

Small Coverage Details that Could Cost Your Dealership a Fortune

The past several months we have seen some interesting policy quirks. Knowing this information may help you be certain that you have the right insurance coverage for your operation and are paying what you expect to pay. Aggregate auto inventory deduct
Aug 1, 2010

Pricing Guidelines for Fun and Profit

A friend of mine bought a vacuum cleaner and was proudly touting the features and benefits over a beverage the other night. To hear him talk, it was the Mac-Daddy of all vacuum cleaners. I think it even discards the junk it collects by itself. His en
Jul 1, 2010

Will Large Deductible or Retentions Save You Premium Dollars?

Taking on higher deductibles and retentions may sound like an excellent way to save your dealership some serious premium dollars. But is that always the case? The auto dealership insurance marketplace continues to be a vigorous one with more carriers
Jun 10, 2010

Back-end Lender Repurchase Demands: A Hidden Land Mine in the Red Flag Rules

By now, most dealers are aware of the FTC’s Red Flags Rule and the potential liability they face if they do not adopt and implement an Identity Theft Prevention Program required by the Rule. Countless mailings, webinars and other communications fro
Jun 10, 2010