Normally ‘how many cars will you sell’ is a welcome question. The answer to that question for most dealerships signifies sales, happy customers and profits — not quite what we mean. When you think about compliance you might be tempted to think, “later…” If you do, you’re not alone. F&I and Showroom found that only 37 percent of dealerships offer compliance training to employees.
According to F&I and Showroom 2017 will be ‘The Year of the Compliance Management System’ with the FTC following the CFPB requirement of a CMS. So, for those not sure a CMS is a priority in 2017 take a peek at our interactive infographic of the week to see how many cars you will need to sell in order to cover penalties for just six federal laws or rules. And, for a full scoop on why compliance matters to your bottom line, take a look at our Definitive Guide.
This data’s part of our forthcoming Definitive Guide to Workforce Compliance. Look out for another statistic next week!