Pub. 3 2022 Issue 2

Our industry is constantly changing, challenging dealerships to evolve their people and processes to match market demand. These trends might seem daunting at first. But in reality, they pose opportunities for you to streamline operations, right size inventory, and improve the overall customer experience. Because of this, you need to focus on selling more vehicles faster and for a higher gross profit. This isn’t news. But accomplishing it is.

Your team at the Virginia Automobile Dealers Association continues to monitor the chip shortage and its impact on Virginia dealers. This summer, the Senate approved funding to bring chip manufacturing back to the U.S., and we provided the public and members with some additional analysis on the big move.

The VADA focused on two critical pieces of legislation affecting Virginia’s car dealers during the 2022 General Assembly session:

Relive the fun from our Star Wars-themed reception, golf tournament, and more at vada.com/convention.

Our PAC’s All In campaign is raising money to help elect dealer-friendly candidates in next year’s General Assembly races when every state House and Senate seat is up for grabs.

The Federal Trade Commission issued a comment period on a proposed trade regulation rule on motor vehicle sales. The Trade Regulation Rule (TRR) is onerous, and comments from those familiar with the business will be important. (Comments are
due Sept. 12, 2022.)

More than 260 members from Virginia’s franchised new car and truck dealerships tuned in to our 2022 Legal and Legislative update presentation in late May.

The franchise system is under attack, but if dealers focus on ensuring a great and easy buying experience — and giving flexibility to consumers in how they choose to buy a vehicle — the future of the nation’s auto dealerships looks bright.