Archive for November, 2009:

Red Flags Rule Enforcement Delayed…AGAIN

On October 30, 2009, The Federal Trade Commission announced it will delay enforcement of the Red Flags Rule until June 1, 2010.
The enforcement of the rule had been previously delayed until November 1, 2009 however the U.S. District Court for the District of Columbia ruled the Red Flag Rule may not be applied to attorneys [...]

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Accounting for Inventory Packs

The majority of car dealers add a pack or numerous packs to new and used vehicle inventory. The reasons for the packs vary from dealer to dealer. Today I would like to discuss the accounting for vehicle packs.
I define a pack as an amount of money added to the cost of the vehicle without adding [...]

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An Easy Way to Increase Revenues in your Service Department – Part Three: Help Your Customer Save Money by Saving Fuel

While gas prices have been on the decline, the solution to keeping money in your customer’s wallet is a well-maintained vehicle. 
One way to maximize fuel efficiency is to have a properly fitted, undamaged gas cap.  Almost 20 percent of vehicles on the road have damaged, loose or missing gas caps which leads to 150 million [...]

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An Easy Way to Increase Revenues in your Service Department: Part Two: Offer a Winter Preparation Package

With winter rapidly approaching, there are some steps that should be taken to prepare ourselves and our vehicles for the cold weather. This provides us with an opportunity to increase the traffic in our parts and service departments. What if the parts and service department created a package that saved the customer time and money [...]

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