GNYADA December 2013 Newsletter

GNYADA’s New Workers’ Comp is Saving Dealers on Premiums

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Does your dealership have Workers’ Compensation coverage through an insurance carrier? If so, did you know that you have no requirement to submit a “Reservation of Rights” letter, and you can shop around for a better policy anytime?

If this describes your dealership, contact Michael Conway at the GNYADA Insurance Brokerage to see how much you can reduce your costs, as we have done so for other dealers, with an individual, dividend eligible policy from Magna Carta

Insurance. Time is money! Call Michael Conway now, at 718.746.8100 or email to mconway@gnyada.com .

Dealers Contribute to GNYADA’s PAC

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open to the positive impact that deal- erships make in their communities. Through PAC contributions and other outreach efforts, we are able to build positive relationships with those who make policy decisions affecting our members. You can make contributions right on your membership dues invoice by adding the suggested additional donation amount of $500 or more. You can also make a donation by calling Jennifer at the Association at 718.746.5900 ext. 235. Thank you for your continued support.

are also working to roll back unneed- ed rules and regulations that increase costs and sap profits. Last year we saw the successful pas- sage of legislation creating a new right for dealers to obtain a clear title when the lender failed to provide one. We also helped to prevent new laws that would have negatively impacted dealers, such as an annual requirement to inspect window tint- ing on vehicles. GNYADA’s PAC supports candidates who have demonstrated a willingness to consider dealers’ interests and are

GNYADA’s comprehensive legisla- tive agenda in Albany aims to protect franchised new car dealers from laws and regulations that would make it more difficult or less profitable to operate in New York. Our PAC relies on dealer participation, and contributions to the Fund. So far 90% of dealers who have paid their 2014 dues have contributed to the Association’s Political Action Fund. We continue to fight to ensure that New York has the one of the best Franchise Laws in the country. We

Dealership Conned by F&I Scam

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Just when we thought there was nothing new, along comes something new. As we understand the situation, like many aftermarket products, LoJack offers an incentive or reward to the F&I personnel in dealerships. We have heard that in one case, the F&I salesman recorded non-existent sales just to obtain the incentives. The dealer believes that the employ-

ee was working with someone inside LoJack to either falsify sales or to install products without charging the customer, just so he could “earn” the incentive. Apparently, both employ- ees have been terminated by their respective employers. However, LoJack wants to be paid for the units that were installed, and is looking to the dealer for compen-

sation, even though the ultimate cus- tomer never paid for the unit.

Tight controls, including with regard to aftermarket products and sales, are needed to prevent this problem from happening at your dealership. Even if the vendor shares responsi- bility for the scam, it still could be an expensive mess to unravel.

Greater New York Automobile Dealers Association • www.gnyada.com

The Newsletter • December 2013 11