|
|
|
|
|
|
|
July 2008 — These days, automotive industry news is splattered with apocalyptic predictions, and it’s hard to find hope. But a few optimistic articles (below) claim it’s possible to transcend the doom and gloom by building solid relationships, sharing tips, and remembering that auto dealers have clout. |
 |
 |
Will There Be Financing?
Before the problems in the subprime mortgage industry were realized, the industry was already dealing with shrinking margins, negative equity, and growing regulatory and legislative constraints. Today, the problem is much worse. While dealers may not be responsible for the plight of the automotive finance institutions, it’s good to remember that its been a difficult year for everyone, and creating solid relationships with those funding sources who have the most efficient and reliable processes in place will benefit both dealers and their customers.
F&I Management and Technology
|
 |
|
|
Dealers Using Different Techniques to Combat F&I Abuses
The industry has come a long way cleaning up F&I abuses ranging from fudging figures to outright criminal acts, especially since F&I operations have come under increasing scrutiny by government regulators and law enforcement officials. Now dealer principals are more sensitive to the deals being made in the F&I office, and are learning from one another. Read on to find out what dealerships are doing to ensure they avoid costly mistakes.
Ward's Dealer Business
|
|
|
|
|
Recession Obsession
Loyd Rawls, CEO of The Rawls Group, provides insight and tips for surviving the current economic downturn, starting with the fact that success can still be found (and quite readily) amidst recession.
Dealer Magazine
|
|
|
|
|
|
 |
Compli customer Kendall Automotive Group plans to be the first auto dealership on the West Coast to achieve LEED (Leadership in Energy and Environmental Design) gold certification for green building standards which save resources, including energy and water consumption.
As America is recognizing the need to “go green” it seems only a matter of time before regulators get in the game and businesses will be forced to make significant changes to comply with mandates for reduced consumption of resources.
Paul Skillern, owner of Kendall Automotive Group, is well ahead of the curve, installing photovoltaic panels that will generate 30 percent of the dealership’s energy needs, or 240,000 kilowatt hours (enough to power about 16 average homes) a year. Kendall has also established a rain water collection system that will reduce the dealership’s city water consumption by more than 200,000 gallons a year, and will be used to irrigate the landscaping and supply water to the dealership’s car wash.
At a press conference Thursday, Skillern proudly announced, “You’re standing in front of one of the most energy efficient car dealerships in the world.”
To learn more about Kendall Auto Group's plans to "go green," read the article in the Eugene Register-Guard. |
 |
|
|
|
|
|
|
|
|
|
 |
Fraud in Dealerships - Are You At Risk?
Join Compli and industry thought leader Jonathan Wilke, Senior Manager with Dixon Hughes PLLC, for a complimentary webinar on Wednesday, July 23, 2008 from 9:00-10:00am, PDT.
In this webinar, you will:
• Discover the impact of the Fraud Triangle in your dealerships;
• Comprehend the difference between external and internal fraud;
• Understand the current dealership environment and the impact it has on fraud;
• Learn how to minimize the opportunity for fraud in your dealership;
• Hear how you can implement an effective compliance program to help ensure best practices and preclude costly errors.
Space is limited, so reserve your virtual seat now at: https://www1.gotomeeting.com/register/173241788.
|
|
|
|
|
Copyright ©2008 Compli.
|
|
|
|
|
