Home / Resources / Page 92

Resources

Filter By:

Topic

Product

Resource Format
3m Read

Preparing for the Affordable Care Act with the help of your DMS

If your dealership management is feeling anxious about new federal mandates under the national Affordable Care Act (ACA), or “Obamacare,” you’re not alone. The ACA goes into effect in 2015 and requires employers to offer health coverage to all full-time employees. If they don’t, they could face fines of as much as $3,000 per employee. 

The good news is that your payroll team doesn’t have to go it alone. We’re handling things on our end with our dealer management system (DMS) to make complying with the ACA a smoother and easier process. 

Read More
4m Read

3 Steps for a Smoother Annual Parts Inventory

It's that time of year again, when your dealer principal or CPA requires a "firm" parts inventory count for tax and factory filing purposes. If you dread the event, you’re not alone. But it doesn’t have to be that hard. If you put several steps in place throughout the year to improve consistency and better secure your parts asset, you will minimize variances, risk of theft, and dread of the annual inventory. Industry consultant Mike Nicholes recommends every dealership put three steps in place to ensure a smoother annual parts inventory.

Read More
3m Read

How to transition your reports from measured to meaningful

When I visit dealerships, the general manager wants to hear about the latest product enhancements, extra features, or how to increase productivity. I have never had a dealer approach me with excitement about reporting. I think of it in the same light as my college days when no one was eager to hear all about the math majors’ educational insights.  Reporting might not be the sexiest DMS featur, but if you follow these three steps, you can master your dealership reports, while also saving time, cutting costs and boosting your income. 

Read More
8m Read

A view from the other side: Dealer practices that rile up plaintiffs' lawyers

In light of the ongoing increase in oversight activity, Dealertrack’s Compliance Counsel Randy Henrick recently conducted an interview with a very successful plaintiff’s attorney. And while she's not an "enemy," she represents a successful courtroom adversary, one who has won a number of $100,000+ settlements and judgments against automotive dealers in her home state. Her perspectives might have real value for your business.

Read More
7m Read

CFPB goes on the offensive in auto finance. Or did they?

With several rulings and actions, the CFPB’s recently released Summer Supervisory Highlights and subsequent field hearing in September 2014 may seem to be yet another attack from the CFPB. But a closer look reveals that the release of the Summer Supervisory Highlights and subsequent field hearing may signal a softening of the agency’s harsh 2013 Auto Finance Guidance. Nevertheless, in the report, and at the hearing, the CFPB took five key steps that will most certainly impact automotive lending practices.

Read More
4m Read

What do women want? Answering this age-old question for your service lane

What’s the best way to find out what women want when they go to have their vehicle serviced? Ask them. The answers can go a long way toward helping dealerships attract and retain more women in the service lane. That’s critical, because there are more women on the road today than men, and women increasingly call the shots when it comes to household purchases. Isn’t it in your best interest to cater to them?

Dealertrack sat down with Anne Fleming, president and chief executive officer of the women-focused dealer review website Women-Drivers.com, to share results of her company’s 2014 year-to-date survey results and tips for driving  more women into your service lane. 

Read More