Compliance is one of the most important things to be concerned about in your dealership, especially when change is on the horizon. With the new “Motor Vehicle Dealers Trade Regulation Rule” being proposed by the FTC, there are many things to start educating yourself on. We have established a few suggestions to better prepare your dealership for change in compliance.
Digital tools can help dealers avoid costly compliance mistakes, but software is only as good as the people behind it. Make sure your staff is informed about major regulations that could cost your dealership time and money, rather than relying on technology alone to manage your dealership's compliance efforts.
Compliance begins the second your customers step on the lot. Because of this, it’s vital for every dealership to ensure that their processes are compliant, and they provide the necessary compliance training to support their team.