Do Dealerships Really Need Compliance Officers?

compliance officers
The quick answer is yes. Dealerships are required by law to have on-site compliance officers. Compliance officers help protect dealerships from violating state and federal laws that could lead to hefty fines or even jail time if they aren't avoided…

Is Your Dealership in Compliance with the New Consumer Privacy Act? – Melanie Cliff, Partner at Scali Rasmussen

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Melanie Cliff, Partner at Law Firm Scali Rasmussen in Los Angeles, CA, and an expert in automotive law, joins CBT News to tell dealerships everything they need to know about the California Consumer Privacy Act.  Going into effect on January…

From Then to Now: Everything You Need to Know about the CAFE Standards

CAFE standards
In 1975, the United States took measures to improve the fuel economy of most vehicles by implementing the Corporate Average Fuel Economy (CAFE) standards. Congress recognized the need for regulations after the oil embargo of 1973 and therefore established these…

Four Reasons Why Manufacturers Need to Re-Evaluate Mandated Renovations

renovations
In 2012, a San Diego Tribune article revealed that auto dealers in the region of Escondido spent $10 million to $12 million on dealership renovations and expansions. While city officials were happy for the seeming boost in auto sales due…

Automakers Make Their Pleas to Trump Regarding CAFE Fuel Regulations

CAFE standards
According to the Alliance to Save Energy, the implementation of the Corporate Average Fuel Efficiency (CAFE) standards in the 1970’s has continued to create “a better environment and increased energy security.” The standards have been tweaked a little periodically throughout…

The Harmonization of Autonomous Vehicle Regulation and the 2019 DC Auto Show

Auto Show
We are in the midst of a self-driving vehicle revolution. While the Elon Musk’s of the world eagerly work toward making autonomous driving a reality, others like President Donald Trump would rather pass on utilizing the new technology. “Yeah that’s…

Update on the Corporate Average Fuel Economy (CAFE) Standards

CAFE Standards
Back in 1973, the energy crisis struck fear into many Americans, including members of Congress. The oil embargo was highly to blame, as the disagreement between the U.S. and other countries had strained relationships and stifled supply. Although the embargo…

EPA Rolls Back Car and Truck Standards with Complicated Implications

EPA
On April 2, 2018, the Environmental Protection Agency (EPA) took steps to reverse Obama-Era rules that were touted as the most aggressive action taken by any government to combat climate change. The debate over these changes has been raging since…

Max Zanan: Why compliance is more important than ever now

compliancevideo
  With all the talk about margins shrinking from new car sales, your dealership should be focusing strongly on compliance this year. "It can certainly add up," says Max Zanan, Founder of Total Dealer Compliance and author of the book…

NADA and Grassroots Efforts Lead to Senate Tax Bill Amendment

tax reform
The government regulation process is forever fluid and unpredictable, but auto dealers caught a break with the Senate’s new tax reform bill. On December 2, 2017, the Senate passed the Tax Cuts and Job Act. The purpose of this act,…

HEADLINES

stockvideo

Auto ventures capitalize on stock market strength to push through acquisitions and IPOs

Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. In this episode, Greenfield takes a…
Bernie Morenovideo

Bernie Moreno returns to auto retail with new digital technology

While the COVID-19 pandemic has created many obstacles for auto dealers, some have found ways to create opportunities in the midst of adversity. After taking a step back from the auto industry, Bernie Moreno, president of Bernie Moreno Companies, and…
automation

Why automation is a crucial tool in today’s auto industry

In today’s fast-paced world, customers expect personalized communication that speaks to their specific needs and grabs their attention. This expectation increases the number of meaningful touches needed between a customer and a sales representative. With a smaller team, how can…
wholesale

Wholesale prices begin to normalize on usual inventory levels

Dealers may start to notice the wholesale prices at auction slip back into more familiar territory. According to Manheim’s Used Vehicle Value Index mid-month report for September, wholesale used vehicle prices have decreased by 0.9% in the first two weeks…

Auto ventures capitalize on stock market strength to push through acquisitions...

Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. In this episode, Greenfield takes a…

The role diversity plays in your dealership’s customer communications

Welcome back to Diversity in Automotive brought to you by TrueCar and CarNow. As you look across your customer base, there are several moving parts of communications that everyone has to get right. Externally, dealers have to represent the franchise…

Conducting customer interviews online to discuss F&I options

It’s time to face a new reality. Offsite deliveries aren’t going anywhere anytime soon. COVID-19 has forever changed the way car dealers do business, quite possibly forever if not for the foreseeable future. In growing numbers, more dealers performing offsite…