Pub. 1 2022-2023 Issue 2

Change is tough, but a lot of good can come from it. We’ve seen this repeatedly as disruptors redefine and restore balance to industries. EVs will cause a big shift, complete with changes to policy and procedure. However, as electric vehicles go mainstream, there will still be plenty to do in dealership service departments. EVs […]

While there are many considerations in running a thriving dealership, one of the most important — and often overlooked — is developing and maintaining a succession plan. A strategy that allows for the transfer of ownership to the next round of leaders — whether family members, a trusted partner or an outside buyer — will

The past two years have seen auto retailers adapt to limited vehicle inventory and pandemic restrictions while driving profits to new heights. Now dealers face rising interest rates — a critical concern for an industry that relies on capital to fund operations and growth. For some, it’s time for a balance sheet review and risk

Safeguards Rule — Requirements Effective June 9, 2023 The FTC gave dealers across the country an early Christmas present when it announced on November 15, 2022 that it was extending the deadline for the Rule by six months. The six months has now passed, and on June 9, the following requirements took effect: Designating a qualified individual to

To view this year’s winners, please click the link below.http://enter.marcomawards.com/winners/#/gold/2022

Elon Musk recently commented that he couldn’t see his closest competitor in the EV market with a telescope. Those are admittedly bold words, and that kind of posturing is typical as the jockeying within the EV market heats up. But many dealers selling OEM brands think Mr. Musk doesn’t need a telescope; he needs a

It may seem strange to some dealerships to pay an employee to stop working for them, but severance has become a standard part of many employee exit plans. A severance package provides departing employees some degree of financial stability as they transition to their next job while giving the dealership legal protection against allegations of

Wanda Cronic Howell is the President and Dealer of The Cronic Automotive Group, a family-owned business consisting of three car dealerships in Griffin — Cronic Chevrolet Buick GMC, Cronic Nissan, and Cronic Chrysler Jeep Dodge Ram. Wanda grew up in the automobile industry and has been involved in the business full-time since 1985. She holds

GADA Insurance Services has a comprehensive database of Property & Casualty claims information and loss trends in Georgia. We have seen that losses are on the rise in Georgia and want to make our dealers aware of these loss trends and how to prevent them from happening to your dealership. Auto Accidents Auto accidents are