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Articlesby Tom HudsonJune 14, 2010

Deciding Where to File

Thomas B. Hudson, Cathy Brennan - Often a plaintiff’s lawyer has a choice about where to file his or her client’s lawsuit. Those choices can involve whether to file the suit in state court in an urban or rural county or whether to file the action in a federal court rather than in a state court.

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Articlesby David KeeneyJune 9, 2010

New & Pre-owned Leasing

David Keeney - If we were to ask 1,000 new or used vehicle prospects whether they prefer to buy or lease their next vehicle, how would they answer? Most likely buy unless they have been presented both options. We as professionals realize that 80 percent or so of people’s thinking is based on attitudes and feelings, while only 20 percent is fact-based.

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Articlesby David Keller, CPA, CFEMay 31, 2010

Using Your DMS to Analyze Operational Results

David Keller - Review your year-to-date income statement as compared to the prior year, specifically whether vehicle gross profit percentages remained consistent or were lower than the prior year.

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Articlesby Greg WellsMay 26, 2010

Your CRM is One of Your Best Employees

Greg Wells - Every dealer has a few great employees, but few dealers think of their CRM as one of them. I’ve always thought otherwise. There are 10 reasons you should feel the same way

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Articlesby Tom HudsonMay 12, 2010

Protecting Your Customer’s Privacy

Thomas B. Hudson - When we do a dealer F&I compliance audit, one of the things we do is to go dumpster diving, or at least “trash can rummaging.” That’s because there seem to be an awful lot of dealers out there who haven’t yet gotten the word that we have laws protecting the privacy of their customers.

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Articlesby Tony TroussovApril 21, 2010

Are You Equipping Your Managers?

Tony Troussov - Training people should be a top priority when developing a successful team. Most dealerships or dealer groups focus on improving salespeople while ignoring the skill set of employees in other revenue-generating departments.

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Articlesby David Keller, CPA, CFEApril 19, 2010

Getting to the FAAQs

David Keller - During the course of a year, accountants are asked many different questions. Some of the more frequent questions are: What should I pay myself for salary? What should I pay myself for rent, and what should the lease term be? Should I consider starting a buy here pay here (BHPH) operation if I am a new car dealer? Getting to the FAAQs

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Articlesby Jennifer Murphy BloodworthApril 12, 2010

Finish Line Ford Laps the Competition by Building a Used Car Presence

Jennifer Murphy - Proper inventory management is a fast-paced race, but it is one a dealer can come from behind and win. Case in point: Finish Line Ford in Peoria, Ill., is currently averaging 300 sales per month. When compared to the 70 per month it was averaging throughout most of 2008, it’s obvious the dealership came from about the middle of the pack and is now leading the way.

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Articlesby Greg WellsApril 5, 2010

Solving the 2010 Profit Puzzle

Greg Wells - It happened one Thanksgiving Day. My mom and her sisters gathered around the dining room table and placed a 1,000-piece jigsaw puzzle. I’d seen them do it every Thanksgiving Day of my life.

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Articlesby Tom HudsonMarch 29, 2010

“Oh, You Meant ‘New’ New”

Thomas B. Hudson - There’s “new,” and there’s “used,” but sometimes even a seemingly black-or-white determination like this can turn more than a little bit gray. Here’s one court’s attempt to resolve the question of, “How new must a car be to be ‘new?’”

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