ARLINGTON, Texas — The National Independent Automobile Dealers Association has formed a strategic relationship with ComplyNet, a provider of compliance solutions in the automotive industry, to help independent vehicle dealers create a culture of compliance through a new compliance management system, the companies announced.
The new system is “custom-tailored” for independent dealerships of all sizes, executives said, providing the tools they need to achieve compliance and mitigate risk in the areas of sales, finance, environmental health and safety, and information security.
“As an industry, it is important for auto retailers to demonstrate a culture of full compliance at the dealership level,” NIADA CEO Steve Jordan said. “Trial lawyers, courts, and regulators are more interested now than ever in finding dealers who miss the mark on compliance and consumer protection.
“We are confident that independent dealers who fully use the capabilities of the NIADA CMS across their employee base will be much better suited to understand and comply with the many legal and regulatory requirements of the used vehicle industry.”
The NIADA CMS provides role-based online training, electronic policy sign-off, and other valuable resources with dynamic dashboards, allowing the dealership to continuously track compliance goals, according to the announcement.
“NIADA’s commitment to providing affordable and easy to use compliance solutions for its members is a testament to its leadership team,” said Adam Crowell, ComplyNet president and general counsel. “We look forward to working with independent dealers to maximize their profits by reducing their risks of losses, injuries, fines, and lawsuits through the compliance management system and other online and onsite services.”
Originally posted on F&I and Showroom