OFFICIAL PUBLICATION OF THE Illinois Automobile Dealers Association

Pub. 13 2023 Issue 4

7 Powerful Vehicle Acquisitions Tactics That Will Boost Your Profits

Compared to this time last year, inventory levels continue to improve. But we’re still not back to the number of available new and used vehicles pre-pandemic. Thankfully, there are always new tactics you can implement to help improve your dealership’s ability to acquire the right vehicles at the right price. Here are seven that will

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Why Wait? How Evaluating Your Dealership Can Help Your Business

We all know someone who waited until the last minute to get a service they needed: car insurance, that warranty on their largest appliance, or a list of valuable items they would like insured in their home. And what did they wait for? A car crash, a fridge malfunction, or a flood. Well, we feel

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Biggest Asset: Depreciation or Appreciation? Are Your People Worth More or Less Today Than When You Hired Them?

Consistent Training Means Consistent Growth and Value Commodities typically depreciate over time, meaning their value or worth slowly diminishes the longer we keep them. We either have a depreciating asset (i.e., car, trailer, boat) or an appreciating asset (i.e., real estate). Often, we say that our greatest assets in business are our people. Competence, experience

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Counselor’s Corner: Legal Pitfalls of Recording Vehicle Purchase or Lease Transactions

Dealerships have been considering the use of video and audio recording of vehicle purchase or lease transactions to enhance customer service and security, as well as to mitigate potential disputes. Before implementing any such recording practices, it is essential to understand the legal complexities under state and federal law underlying this issue. As a general

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Executive Director’s Message: Legislative Recap

We often highlight the proactive IADA legislative successes that the Illinois dealership industry achieves through your united grassroots efforts. We actually spend much more time defending our industry by defeating legislative proposals that would place unnecessary burdens on franchised dealers. We’d like to take this opportunity to list just a small sample of bills that

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