Yesterday, by a bipartisan vote of 51-47, the Senate approved S.J.Res. 57, which rescinds the Consumer Financial Protection Bureau’s (CFPB’s) flawed auto finance guidance.
“Overall employment at U.S. truck dealerships is the highest it has been in the last five years,” said ATD Senior Economist Patrick Manzi. “Truck dealers continue to contribute to their communities with jobs that pay well and offer the ability for advancement.”
All Dealers Should Call Their Senators TODAY to Urge a “YES” Vote for S.J.Res. 57.
Two separate measures are under consideration in Congress to repeal the Consumer Financial Protection Bureau’s (CFPB) deeply flawed and anti-consumer auto financing guidance from 2013 that pressures indirect auto lenders to eliminate the ability of local dealerships to offer discounted auto loans to their customers.
After the flurry of winter activity….the year-end close, LIFO preparation, OEM financial statement changes, and audit and tax preparations…many of our New Year’s resolutions to clean up our books and implement new processes may have become buried under other priorities.
The annual Dealership Workforce Study (DWS) takes a hard look at your most valuable resource: your employees. Are you paying them competitively? Are your benefit packages in line with your peers’? Is turnover a problem, or is it par for the course?
With demographics set to transform the face of America, the automobile industry is continuing to explore how dealers and automakers tackle the internal issue of how best to advance minority and women dealers and dealership managers and encourage diversity.