Auto dealer bonds, also called dealer surety bonds or car dealer bonds, are government-required surety bonds that auto dealers must maintain to obtain a dealer license, and must remain active as far as the dealership is in business. Dealer bonds are usually purchased from a Surety Company (like Hudson Insurance, American Contractors Indemnity Company, etc.) and […]
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With over 200 locations nationwide Carmax is known as the largest used car dealer in the United States. BUT… there may be something you, as a dealer, should be concerned about. Auto Legal Group, a California law firm that only represents and defends car dealerships (www.autolegalgroup.com), has recently received two reports of situations where a dealer
Buying Cars from Carmax? You Should Read This Read More »
Open Safety Recalls. It’s been brought to our attention that some dealers are still selling vehicles with safety recalls open! This is alarming, as it puts both the buyers of those vehicles and everyone on the road at risk. We urge you not to sell any vehicle with an open safety recall. You, as a
Open Safety Recalls: STOP Selling Vehicles! Read More »
Legal Highlights: May 2022’s Lawsuit of the Month Demand Letter + DealerXT Report = CASE DISMISSED! ? The dealer received the following demand letter: Luckily, the Dealer used DealerXT on this deal: After reviewing the DealerXT report, the customer’s lawyer DROPPED the case immediately: The Power of DealerXT is Real! The Dealer paid nothing and
Legal Highlights: May 2022’s Lawsuit of the Month Read More »
Service contracts are a great way to increase dealerships’ revenue and get more satisfied customers… BUT, are you wondering how you can increase the sales of your service contracts? Here are some tips: 1. Make sure that you’re offering a service contract that is actually worth the money. This means that it should cover common
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Expiration Dates in Campaigns. Car dealers have the responsibility to be transparent and honest with their customers at all times. This is especially true when it comes to advertising the price of the vehicle. When advertising vehicles for sale, make sure the advertised price of the vehicle matches the price listed in the contract. Removing
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As online car shopping becomes more popular, car dealers are finding that they need to change the way they do business. Online shoppers expect to be able to find information about cars and compare prices easily. According to a recent survey, the number of people using the Internet to buy or research cars has increased
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Where display a Buyers Guide This Guide must be clearly visible and situated such that it can easily be seen by prospective buyers. The FTC’s guidelines and approved places are the following: Both sides of the Buyers Guide must be visible If you conduct negotiations in Spanish then you must also display a Spanish Buyers Guide
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Hiring a Car Salesperson. If you’re thinking about hiring a car salesperson, there are a few things you need to know first. We’ll share 10 tips to help you find the perfect candidate for the job. Keep reading to learn more! 1. Look for Experience People with previous sales experience in the auto industry will
Hiring a Car Salesperson: 10 things You Need to Know Before Read More »
Manage Negative Dealership Reviews. Online reviews are a powerful tool for consumers when researching businesses. A study by BrightLocal* showed that 88% of people trust online reviews as much as personal recommendations. As a car dealer, it’s important to make sure that you’re positively handling any negative reviews. This blog post will give you some
How to deal with negative online reviews for your car dealership? Read More »
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