Compliance

Compliance is a hot topic once again.
The calendar has turned to fall and as the market adjusts for the 4th quarter the light seems to shine on this topic.
My suggestion is that you pay close attention or it could cost you. There is a Car Dealership in North Carolina that has just been fined $1.5M. I do not know the details of the story, however it does revolve around Compliance.
Here are a few easy tips to get started in the right direction:
     1. Have a designated Compliance Officer
     2, Document on a weekly basis what it is that your doing to remain compliant.
     3. Review that log in your weekly Manager Meeting.
     4. Dealer Principle could but should not be Compliance Officer.
     5. Ask your warranty provider for direction.
     6. At the very least google "Automotive Compliance" and collect information to move forward.