Pete Margaros and Andrew Menditch from automotiveMastermind will discuss the inventory management tactics, targeted audience development strategies and disciplined dealership processes needed to drive pre-owned profitability in 2020 and beyond.

The National Highway Traffic Safety Administration (NHTSA) has called upon dealerships to promote highway safety. NADA took up the challenge with this guide, which discusses a number of major automotive safety features; a safety checklist is provided.

The Business Manager reports the financial condition of the dealership, develops controls necessary for the proper conduct of the business, maintains accurate records and establishes and maintains data processing systems to accomplish the dealership's objectives. 

Today’s vehicle financing model is extraordinarily efficient and competitive and provides access to affordable credit to consumers in all credit tiers. This competition is fostered by the ability that dealers currently have to “meet or beat” the best offer that consumers can secure from other creditors. Despite the competitiveness of the market…

General Motors Co on Tuesday lifted is full-year profit and cash flow forecasts, citing stronger-than-expected demand and higher prices, even as pre-tax profits for the first quarter fell. 

Section 112 of the FACT Act allows consumers who know or suspect they are victims of identity theft to place an “initial fraud alert” or an “extended fraud alert” in their consumer file. It also permits active duty military personnel on deployment to place an “active duty alert” in their file. The credit reporting agency from whom you order…

TYSONS, Va. (March 31, 2020)— NADA President and CEO Peter Welch released the following statement in response to the EPA’s decision to reduce the required annual fleetwide average mpg increases for automakers for model years 2021-2026:   “NADA applauds NHTSA and EPA’s tireless efforts to conduct a full and robust mid-term…

The use of Last-In/First-Out (LIFO) accounting requires logical and realistic estimates of inventory value and compliance with the conformity requirement. Applies to CAR and TRUCK dealers.  LIFO Fact Sheet (June 2009)  IRS Chief Counsel Memo Addresses LIFO Issues Related to Lost Franchise (August 2009)  IRS Internal…

Join Pete Margaros, Senior Dealer Relations Manager at automotiveMastermind, as he discusses how dealers can apply the best practices and tools that have revolutionized new car marketing and sales to the unique challenges and opportunities of pre-owned auto sales.

McLEAN, Va. (July 30, 2012) - Phillip D. Brady, president of the National Automobile Dealers Association, has been named senior vice president of Government Affairs for Phillips 66 (NYSE: PSX). “This opportunity comes at a tremendously exciting time in the energy industry,” Brady said. “However, there certainly are mixed feelings as it…