Car Dealer Lawyer

Legal News and Analysis for Car Dealers

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Entries Tagged as 'Dealers in Trouble'

Happy Halloween - Tampa Ford Dealer Ordered to Pay $6.9 Million

October 31st, 2008 · No Comments

This is a special Halloween.  Once a year we are supposed to celebrate all that is dark, mysterious and frightening in our world.  This year, the economy has done that for us already.  For dealers, Halloween is usually the last day of a tough month where there is little or no possibility of a big [...]

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Tags: Dealers in Trouble · F&I

Increasing Gross Margin Can Lead To Jail Time

October 8th, 2008 · No Comments

One of the most difficult parts of the car business is keeping your gross margin high.  When you buy your cars in an efficient market and sell them to an increasingly sophisticated customer base, it is difficult to maintain a return that justifies the investment, effort and risk.  There are only two ways to increase [...]

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Tags: Dealers in Trouble

A Few Thoughts About Bill Heard

September 25th, 2008 · No Comments

After the earlier reports that GMAC had pulled Bill Heard’s floorplan financing, it was not a huge surprise to learn that his stores closed their doors yesterday.  But watching interviews of some of his technicians on the news last night brought home the reality of 2700 people suddenly losing their jobs.  Looking at those technicians [...]

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Tags: Dealers in Trouble · Uncategorized

Carl Gregory GM Busted on Felony Theft Charges

September 6th, 2008 · No Comments

The general manager of Carl Gregory Chrysler, Dodge, Jeep, Hyundai of Albany, Georgia was arrested on charges that he stole up to $9000 from customers.  The sheriff’s office claim that general manager, Joseph Martin, and “top salesman,” Mark “Bo” Kennedy, worked together to steal money from customers. Allegedly, the pair revised customers’ paperwork in order to scoop [...]

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Tags: Dealers in Trouble · Embezzlement

New Allegations Raised Against Bill Heard

August 27th, 2008 · No Comments

The Georgia Governor’s Office of Consumer Affairs raised new allegations against Bill Heard Enterprises.  The Governor’s Office claims that Bill Heard engaged in deceptive and misleading sales practices in violation of Georgia’s Fair Business Practices Act of 1975.  Specifically, it asserts that Bill Heard failed to pay off trades and engaged in “power booking” (overstating [...]

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Tags: Advertising · Dealers in Trouble · State Attorney General Actions