Pub. 2 2023-2024 Issue 2

For a dealer principal, it can be overwhelming to think about finding the right successor to assume responsibility over a business you’ve likely spent much of your life building. For dealers in many southeastern states, successorship can feel particularly challenging — but not due to a lack of demand. In fact, the challenge is a […]

Tailwinds in the auto retailing business continue to provide resources for dealers to build out programs that strengthen their business model and deliver more value to customers. Properly structured and managed finance and insurance (F&I) reinsurance programs are an example of programs that can deliver a steady boost to dealer financial performance. While dealers need

In the auto industry, there is a gap between the number of women in leadership and those who buy cars. Maintaining that discrepancy is risky because it shows a lack of innovation when serving the market. Interestingly, women buy 62% of all vehicles today. Even if they don’t purchase directly, they influence 85% of car-buying

You may have heard about the so‑called new “overtime” rule, which the U.S. Department of Labor announced on April 23. You also may have heard that the new rule will require employers to increase the annual salary paid to certain employees. And you may already know that employees who are not now eligible for overtime

Owning and operating an auto dealership today presents several challenges. Each year, these challenges increase with new regulations and rising operational costs. It is important to remember that you must not short-cut your loss prevention efforts. Plaintiff attorneys are always looking for that next big case. You don’t want to be a target! See if

Sometimes in the law, like in life, “what is old is new again.” GADA has received several questions recently about sales and use tax, particularly on parts used in vehicle repairs. Although most vehicle sales and leases are now subject to TAVT, not sales tax, the “old” sales tax rules still apply to many dealership

Bill Howell is the president of Billy Howell Ford. Born in Memphis, Tennessee, Bill grew up around the auto industry. His father, Billy, worked for Ford Motor Company. At the age of 10, the family moved to Farmington Hills, a suburb of Detroit just minutes away from the birthplace of Ford Motor Company. The family

Dear GADA members, GADA Board of Directors and staff, Before sharing the latest NADA news, I want to take a moment to thank you for the tremendous opportunity to serve on the GADA Board of Directors in various roles for the past 20+ years, as well as serving as your director on the NADA Board