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The BSM Report

Quarter 2 - 2021| Newsletter Vol. 52

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BSM NEWS BRIEFS

Hyundai Dealers Push-Back on IONIQ Participation Agreement
BSM has been contacted by a number of Hyundai dealers across the country who are questioning the appropriateness of the IONIQ EV Participation Agreement.
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Vehicle Allocation Continues to Rile Dealers
The lack of sufficient production of new vehicles has continued to plague dealers across the country.
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COMPLIANCE NEWS

Know your FLSA Overtime Exemptions
As you are undoubtedly aware, automotive dealers have many employees that qualify for exemptions from overtime compensation otherwise required by federal law, specifically the Fair Labor Standards Act or FLSA.
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Remember to Regularly Review Dealer Jacket Materials
Dealers across the country are familiar with the many State and Federal laws regulating the documents and forms used in a dealer’s standard “deal jacket.”
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OPERATIONS NEWS

Dealers Should Be Wary of Aggressive Claims Relating to Employee Retention Tax Credits
Every prudent business entity has been meticulously following and researching the various government programs providing benefits as a result of this pandemic.
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