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Auto Dealer Sentenced Over Extended Warranty Scheme

Auto dealer sentenced over extended warranty scheme, according to CBS Boston. A New Hampshire auto dealership manager has been sentenced to pay at least $50,000 for taking money from consumers for used cars and failing to transfer the funds to a prov
Jun 12, 2014

Dealerships Targeted by Illegal Workforce

Auto dealerships are natural targets for illegal workers. They employ a large number of people at each dealership. Many dealerships experience high employee turnover. High turnover makes it difficult for management to detect when illegal workers are
May 30, 2014

Today’s Buy/Sell Market: Nothing But Blue Skies

Today, there are more buyers seeking acquisitions than there are sellers seeking capital. We are in a classic dealership seller’s market. Based on the data and analysis in The Blue Sky Report™, I expect this seller’s market to last through 2014
May 30, 2014

Don’t Let Your F&I Department’s Blown Fuses Blow Your Profits

My friend’s older home pops circuits whenever too many appliances are drawing amperage together at one time. Plug in the toaster and the wife’s hair dryer quits. Run a power drill and the sump pump fuse kicks out. Some dealerships’ F&I depa
May 29, 2014

What to Know Before You Repo: Answer These Questions First

As counsel for franchised and independent dealers across the U.S., I regularly get calls from clients about a bank “kicking back” a contract to the dealer due to default or lack of insurance. Before the dealer can repossess the car, he must ask t
May 2, 2014

Top Insurance Policy Mistakes That Cost You Big Time

Is the insurance policy sitting on your desk correct? Are the I’s dotted and T’s crossed? Did all the changes you negotiated and corrections you made actually end up in the policy? I’ve reviewed hundreds of policy sets each year to find on aver
May 2, 2014

Wal-Mart’s latest target: Auto insurance

Wal-Mart’s latest target: Auto insurance, from CNBC. With a reputation for passing savings along to consumers, Wal-Mart has long been known for slashing prices on apparel, electronics—and car insurance? On Wednesday, the world’s largest
May 2, 2014

The Most Popular Cars for People With Bad Credit

The most popular cars for people with bad credit, according to Credit.com. Most people put together a wish list of sorts before they head to a car dealership to buy a new set of wheels. It depends on your priorities, but you’re probably searching f
May 2, 2014

The Importance of Being Earnest: Why Honesty Pays Off for Auto Dealers

Do you remember Oscar Wilde’s famous play, The Importance of Being Earnest? Its main point is that living a double life is not an easy task and truth cannot stay hidden for too long. This holds even truer for auto dealers these days. Indeed, honest
May 2, 2014