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The BSM Report
QUARTER 3 – 2019 | NEWSLETTER VOL.47

BSM NEWS BRIEFS

2019 3rd Q, Vol 47 – Newsbriefs
 
Lincoln Commitment Program Creates Potential for Competitive Disadvantage 

The Lincoln Commitment Program (LCP) was first announced by Ford’s Lincoln Division in 2018. Due to tremendous push-back from both dealers and Dealer Associations as to the facility requirements of the LCP, Ford withdrew the Program.

GM Dealer Agreement Renewal

GM’s Dealer Sales and Service Agreement renews for all dealers on November 1, 2020. GM is already sending dealers ownership and management information to insure they have the correct information on file to be ready when GM issues the proposed new Dealer Agreement next year.
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VW Dealer’s Class Action Continues Against Bosch
As our readers know, BSM is co-counsel in the VW Dealer class action against Robert Bosch, LLC and Robert Bosch, GmbH (collectively “Bosch”) seeking damages resulting from the Diesel-gate scandal.

FRANCHISE NEWS

Allocation: It’s More Than “Turn and Earn”

One of the frequent issues BSM attorneys provide advice on and litigate over is the allocation and distribution of vehicles. A generally accepted principle in the automotive industry is “you can’t sell what you don’t have.”

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Responding to Audit Notices

I wrote about manufacturer audit activity earlier this year, because there appeared to be an uptick in activity levels and there can be serious consequences depending on the findings of the audit. That activity has continued, and I will address some of the same considerations when an audit notice arrives.

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COMPLIANCE

Best Practices to Minimize and Win Lawsuits by Former Employees
Lawsuits brought by former employees have become an all too common fact of doing business these days. However, by having human resource employees and supervising managers implement and follow a few best practices, you can ensure that these inevitable claims do not constantly become major issues for your dealership.

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TRANSACTIONS

Preparing Your Vehicle Inventory for a Closing
One of the most difficult tasks you will encounter when selling a dealership is completing your vehicle inventory and preparing those vehicles for closing. Here are some helpful tips to get you through a closing.

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