Understanding the Trade-In Trap: Tough Economic Times Require Increased Focus on Intake Processes
All dealers accept trade-ins from customers. Leaving aside the inherent economic risk of making a bad deal by putting too…
Browsing: Lance Formwalt
NAEDA 2022 Conference – Where Successful Dealers Meet
When four associations merged to become one on July 1, 2022, NAEDA CEO Kim Rominger stated that the focus would…
Rethinking a Dealership’s Organizational Structure
Role of Independent Directors As business owners, most of you are familiar with the typical top to bottom governance structure…
UCC-Based Chargebacks
Managing dealer risks when a customer doesn’t pay All dealers rely on retail financing companies to extend credit to…
Competition Between Dealers: Are There Any Lines That Can’t Be Crossed?
WEDA Legal Notes Although our work through the dealer association typically involves issues that impact the industry as a…
Should I Stay (merge) or Should I Go?
WEDA Legal Notes As a dealer operating in an industry that is experiencing a lot of change, you are constantly…
Data and Technology: Managing Risk and Customer Expectations in a Changing Legal Environment
Technology and the ability to collect and use data have created exciting opportunities for both dealers and customers. But…
Navigating the workplace impact of evolving State marijuana legislation
WEDA Legal Notes by Lance Formwalt Since the first medical marijuana laws were passed in the latter half of the…
Tax and selling to out-of-state customers
WEDA Legal Notes by Lance Formwalt A new sheriff is coming to town If your dealership is located close to…
Trump vs. Biden: Tax-Planning for Election Results Has Rarely Been This Important
WEDA Legal Notes With all of the social media noise and constant barrage of political advertising, it becomes easy to…