March 30, 2023

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One of the significant challenges of running any automotive dealership is moderating expenses. General managers and dealer principals are responsible for controlling many costs, including payroll, vehicle inventory, floorplan, and parts inventory. Monthly bills add up, and there is less revenue to put toward necessary resources. A major opportunity for expense control may be the

By now, many of us have seen a TikTok video filmed at someone’s workplace – a “day in the life” video, someone complaining about their coworkers, supervisors, or customers, or someone talking about an unrelated subject while at the office. And a relatively new platform, BeReal, goes a step further by encouraging users to provide

Watch this video to learn more about what Virginia dealers have to say about the franchise system. Read more at vada.com

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

In January, the Federal Trade Commission proposed a trade regulation rule that would prohibit employers from entering into, attempting to enter into, or maintaining non-compete clauses with their employees. The FTC based its action on a preliminarily finding that non-compete clauses constitute unfair methods of competition under Section 5 of the Federal Trade Commission Act,

The Impact of Fraud Fraud and identity theft continue to be huge problems for dealerships, auto lenders, and consumers. So, it’s no surprise that there are increasing regulations around consumer data security. With the expectation that this trend will continue, compliance must be top of mind for every dealership. Last year ended with a flurry