GNYADA December 2013 Newsletter

Winter Storm Preparedness Checklist 15

moderate snow in a short amount of time to a blizzard lasting for days. Common characteristics of winter storms are dangerously low tempera- tures, strong winds, ice, sleet, and freezing rain. Know the Terms: Winter storm watch – be alert, a storm is likely Winter storm warning – take action, the storm is in or entering the area Blizzard warning – snow and strong winds combined will pro- duce blinding snow, near zero visi- bility, deep drifts, and life-threaten- ing wind chill – seek refuge immediately! n n n

Storm season is a reminder to be prepared for severe weather, which can lead to property damage, employee illness or injury, and possible business closures. GNYADA has included a Storm Preparedness Checklist on the follow- ing page to help you identify the areas of your business that are most susceptible to winter hazards. To minimize damage and recover quickly following a winter storm, it is a good idea to develop a plan of action for your business and your staff.

Winter weather advisory – win- ter weather conditions are expect- ed to cause significant inconven- iences and may be hazardous, especially to motorists Frost/freeze warning – below freezing temperatures are expected and may cause damage to plants, crops, or fruit trees This information and the chart inserted with this Newsletter , are provided courtesy of Agility Recovery Solutions, provider of busi- ness continuity and disaster recovery solutions. Visit their website at www2.agilityrecovery.com. n n

Winter storms may range from a

16 Dealer is Dropped by TrueCar

because it financed too many deals through American Honda Finance Corp and not through USAA. The dealership said it presented the best available finance deal to its con- sumers, whether from American Honda Finance or USAA. TrueCar’s model, it said, could force the con- sumer to pay higher rates. Had the dealer complied with the program,

the customer might not ever know there were lower rates available.

Automotive News has reported that TrueCar Inc. has dropped an east coast Honda dealer from its network because the store failed to finance enough vehicle sales through USAA, a TrueCar partner. According to TrueCar, the Honda dealership was not reaching even half of its USAA target for finance deals. In dropping the dealer, TrueCar indicated the dealership violated its contract

Given the regulatory climate, with the CFPB closely scrutinizing credit across the country, dealers should be wary of any requirements that don’t allow them to present the best financing alternatives available to consumers.

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

The Newsletter • December 2013

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