sept 2011 issue independent dealer magazine

40
September 2011 Independent Dealer 1 www.fiada.com Information and Insight for Florida Used Car Dealers September 2011 www.FIADA.com From becoming a rainmaker to brushing up on buy-here, pay-here there is something for everyone at the FIADA Annual Convention. Page 21. SINCE 1940 A Publication of the Florida Independent Automobile Dealers Association PRST STD U.S. POSTAGE P A I D FULTON, MO PERMIT NO. 38

Upload: fiada

Post on 18-Mar-2016

231 views

Category:

Documents


3 download

DESCRIPTION

September 2011 Issue of FIADA's Independent Dealer Magazine

TRANSCRIPT

Page 1: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 1www.fiada.com

Information and Insight for Florida Used Car Dealers September 2011 www.FIADA.com

From becoming a rainmaker to brushing up on buy-here, pay-here there is something for everyone at the FIADA Annual Convention. Page 21.

SINCE 1940

A Publication of the Florida Independent Automobile Dealers Association

PRST STDU.S. POSTAGE

P A I DFULTON, MO

PERMIT NO. 38

Page 2: Sept 2011 Issue Independent Dealer Magazine

www.fiada.com

PAID

AD

VERT

ISIN

G

ADDTag offers its dealers the benefi ts of:• Best pricing

• Live customer support

• Innovative cost saving products

• Web-access to multiple state motor vehicle databases

Put your dealership logo on your temporary tag!

Real Service, Real-Time, Real Easy!

Come and join the thousands of Florida dealers who already benefi t from ADDTag’s many time and cost saving services. To sign up contact customer service at 866-923-3123 or email us at [email protected]

In today’s competitive marketplace a dealer needs every marketing edge they can get. What better way to accomplish this than advertising your dealership on a vehicle you just sold!

Auto Data Direct Inc. (ADD) is pleased to announce a new value added enhancement to its already popular ADDTag temporary tag product at no additional cost!

Launching September 6, ADDTag print-on-demand temporary tags will sport a new look. Your dealership logo will now have a prominent place on the ADDTag stock, instead of advertising your temporary tag provider! To take advantage of this no additional fee service, you simply upload your logo to ADDTag one time and then each time you print an ADDTag temporary tag your logo will appear in the top left corner. As always with ADDTag, any laser printer will do.

SAMPLESAMPLE

on your temporary tag!

ADD123.com

Enter promo code FIADA11

to receive $25 off account activation.

-4238 ADD Tag FIADA_full pgR1.indd 1 9/1/11 4:18 PM

PAID

AD

VERT

ISIN

G

Page 3: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 3www.fiada.com

MAILING ADDRESS 1840 Fiddler Court Tallahassee, FL 32308

TELEPHONE (850) 385-2712 (800) 237-0448

FAX (850) 385-3251

WEBSITE www.FIADA.com

EXECUTIVE COMMITTEE Brandi Noegel President

Jim Kagiliery Chairman of the Board

Dino Mercurio Secretary

John Cousins Treasurer

Jim Kagiliery Regional Vice President

Frank Fuzy Regional Vice President

George Hickey Regional Vice President

Steve Marbais, CMD Regional Vice President

Chris Leedom Regional Vice President

FIADA STAFF Lisette Mariner Executive Director

Terry Myers Educational Instructor

Sarah Langley Administrative Director

Alex Romans Education Director

Christy Taylor Editorial/Advertising

POSTMASTER:Send address changes to:FIADA • 1840 Fiddler Court

Tallahassee, FL 32308(850) 385-2712 • Toll Free: (800) 237-0448

Fax: (850) 385-3251 • www.FIADA.com

The Independent Dealer is a publication of: Florida Independent Automobile

Dealers Association, 1840 Fiddler Court, Tallahassee, FL 32308.

The magazine is published every month in Tallahassee and distributed to Florida new, used, wholesale and lease/retail car dealers. Advertising rates are available upon request.

The statements and opinions expressed herein are those of the individual authors

and do not necessarily represent the views of Independent Dealer or the Association.

Likewise, the appearance of advertisers, or their identification as members of FIADA, does

not constitute an endorsement of the products or services featured.

ContentsSeptember 2011

For members of the Florida Independent Automobile Dealers Association

C O L U M N S & F E A T U R E S

4 President’s Message Brandi Noegel

6 DHSMV News & Notes Quarterly update from the Department of Safety and Motor Vehicles

8 Membership News A monthly list of new, rejoining and renewing members.

10 When is As-Is not really As-is? FIADA General Counsel Rob Sickles reviews recent court cases that could affect

how your dealership discloses warranty information.

13 Top Reasons Why You Should Belong to FIADA A growing list of benefits and reasons why you should join FIADA.

16 Legislative Update The Honorable John Grant and Jennifer Lux, FIADA Legislative Advocates

21 FIADA Annual Convention It’s your last chance to register, for the 2011 FIADA Annual Convention and

Trade Show. Find a schedule of events, things to do and more.

28 What Makes a Rainmaker? Convention speaker Ed Robinson gives ideas on how to make it RAIN around

you and your business.

32 Compound Marketing Convention speaker Steve Gordon shares why this approach is the only

marketing strategy you will ever need.

38 Industry News

U P C O M I N G E V E N T SOctober 13-15, 2011FIADA Annual Convention & Trade ShowGaylord Palms ResortOrlando, FL

Scan this code with your smart phone or mobile device to register now for the FIADA Annual Convention.

ADDTag offers its dealers the benefi ts of:• Best pricing

• Live customer support

• Innovative cost saving products

• Web-access to multiple state motor vehicle databases

Put your dealership logo on your temporary tag!

Real Service, Real-Time, Real Easy!

Come and join the thousands of Florida dealers who already benefi t from ADDTag’s many time and cost saving services. To sign up contact customer service at 866-923-3123 or email us at [email protected]

In today’s competitive marketplace a dealer needs every marketing edge they can get. What better way to accomplish this than advertising your dealership on a vehicle you just sold!

Auto Data Direct Inc. (ADD) is pleased to announce a new value added enhancement to its already popular ADDTag temporary tag product at no additional cost!

Launching September 6, ADDTag print-on-demand temporary tags will sport a new look. Your dealership logo will now have a prominent place on the ADDTag stock, instead of advertising your temporary tag provider! To take advantage of this no additional fee service, you simply upload your logo to ADDTag one time and then each time you print an ADDTag temporary tag your logo will appear in the top left corner. As always with ADDTag, any laser printer will do.

SAMPLESAMPLE

on your temporary tag!

ADD123.com

Enter promo code FIADA11

to receive $25 off account activation.

-4238 ADD Tag FIADA_full pgR1.indd 1 9/1/11 4:18 PM

Page 4: Sept 2011 Issue Independent Dealer Magazine

www.fiada.com4 — Independent Dealer — September 2011

Once again our FIADA Convention is just around the corner. The schedule is full of Educational Seminars. The Convention

Committee is trying to make it a lot of fun, too. We are all here to exchange information, get updates on the changing laws and stay current with industry standards.

For the “Fun Night” dress like your year book picture or if you didn’t like your high school style, dress up in an outfit from the 50’s, 60’s or 70’s. What ever you do just make it fun. Remember, we are all just dealers trying to help one another and have a good time doing it.

Each year we gather the best vendors to learn about new and different products that might help you and your company make a difference in your business. Who knows what you might find to help in this economy. Life as we know it has changed beyond our dreams. It is getting harder and harder to find good cars.

The Convention Countdown is OnBY BRANDI NOEGEL

F R O M T H E P R E S I D E N T

On a different note, we just received notice from Mike Linn, NIADA’s chief executive officer, that CARFAX has changed all of their ads. They have removed words such as: “free” and “reputable.” (See page 38 for more information). The price calculator is the next thing on the list, and as always we will keep you updated on the progress.

As the countdown to convention gets closer and closer, don’t wait to register. Go ahead and do it today. Use the registration form on page 26 or go to www.FIADA.com and do it online. We want to make sure you enjoy our convention, so if there is anything the staff can do to make your experience better, please do not hesitate to let them know. Call them at (800) 237-0448 with questions, or requests Remember the dates, October 13-15, 2011 at the Gaylord Palms Resort in Orlando.

Sincerely,Carol (Brandi) NoegelFIADA President

CONVENTION COUNTDOWN: Registration options ........................Page 22 Golf Tournament ............................Page 22 Hotel Info .....................................Page 23 What to Do in Orlando ......................Page 23 Schedule of Events .........................Page 24 Sponsors & Exhibitors ......................Page 25 Registration Form...........................Page 26

4 — Independent Dealer — September 2011 www.fiada.com

Page 5: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 5www.fiada.com

PAID

AD

VERT

ISIN

G

Call us toll free at 866-689-0578, or visit us online at www.titletec.com

Are you set to comply with the new state law governing

metal plate transfers? Beginning July 1, 2010 ALL automobile dealers will be required to notify the Department of HSMV via an electronic system when transferring a metal plate for a customer.

TitleTec has been certified to offer this system to dealers. The Temporary Plate Transfer must be completed before the customer leaves your lot.

If you are currently using TitleTec’s Metal Tag EFS System you are exempt from the metal plate transfer statute change.

TitleTec’s t21 core software products include: t21 EFS System t21 Fee Calculator t21 Temp Tags

Offers dealers the ability

to issue metal tags and

process tag transfers

Allows dealers to

calculate accurate Title

and Registration fees for

their customers

Gives dealers the ability to

process Temporary Tags

as well as Temporary

Metal Plate Transfers

PAID

AD

VERT

ISIN

G

Page 6: Sept 2011 Issue Independent Dealer Magazine

6 — Independent Dealer — September 2011 www.fiada.com

Extended Hours at DHSMV Regional OfficesThe Department has extended hours to better serve you. The new office hours are Monday through Friday from 8 a.m. to 5 p.m. Our regional offices are your resource for licensing needs and assistance. The Department has 12 offices in eight regions to assist you. Call or e-mail your local office with questions or concerns.Region 1/9, [email protected]: (954) 969-4216Region 2, [email protected]: (352) 732-1267 Region 3, [email protected]: (904) 924-1524Region 4/5, [email protected]: (386) 736-5108Region 4/5, [email protected]: (407) 445-7400Region 6, [email protected]: (813) 612-7110 Region 7, [email protected]: (850) 617-2999 Panama City: (850) 872-4158 Pensacola: (850) 475-5415 Region 8, [email protected]: (941) 723-4551 Region 1/9, [email protected] Palm Beach: (561)-640-6820Region 10, [email protected]: (305) 265-3003

Making Changes That Matter to YouThe Florida Department of Highway Safety and Motor Vehicles is working hard every day to make changes that matter to you.

A recent change is an organizational one. The Division of Motor Vehicles and the Division of Driver Licenses merged to become the Division of Motorist Services. Unifying the divisions creates efficiencies and improves the services we provide to our customers. The field offices that serve you daily are assigned to a bureau within the Division of Motorist Services, the Bureau of Motor Vehicles Field Operations.

The Department is sending Dealer Advisories by e-mail to alert dealers of any new information or changes that affect your license and business. An example of changes we will make you aware of through the advisories is the law change that goes into effect January 1, 2012, which eliminates the requirement for new

dealers to have their civil rights restored as a condition of receiving a dealer license.

This is the second year the Department has sent out e-mails to remind licensed dealers of the upcoming renewal period. The effective and cost efficient process of notification allows dealers to renew quickly and no

longer wait for renewal applications in the mail. Renewal forms, as well as other

forms, are available on our website and may be filled out online for your convenience.

The Department is working to make licensing processes quicker

and easier. Recently, we improved the process of making changes or modifications

to your license. To modify your current license with new or updated information, you can now complete a simple, one-page application rather than the multi-page application that we previously required.

DHSMV NEWS & NOTESA quarterly update from the Department of Highway Safety and Motor Vehicles,

Division of Motorist Services, Bureau of Motor Vehicles Field Operations.

Page 7: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 7www.fiada.com

PAID

AD

VERT

ISIN

G

Page 8: Sept 2011 Issue Independent Dealer Magazine

New Members

8 — Independent Dealer — September 2011 www.fiada.com

A-Ford-Able AutomotiveSt. Augustine, FLJim GreeneSponsor: Kevin Scott

Anything Else, IncCrestview, FLBrenda WillSponsor: Kevin Scott

Auto Mart #1, LLCPensacola, FLWayne FisherSponsor: Kevin Scott

BAF Acquisitions LLCTampa, FLBrian FilsingerSponsor: Terry Myers

Classic Cars and Customs of Saint AugustineSaint Augustine, FLRonald RivetteSponsor: Kevin Scott

Elite JeepsDestin, FLAlisha WhiteSponsor: Office

EliteTrak GPSWoodstock, GAChris EllisonSponsor: Office

Hall-Mark Fire ApparatusOcala, FLMarv LeydaSponsor: Kevin Scott

John MercedesTampa, FLJohn MercedesSponsor: Terry Myers

Joseph Sales & Services, LLC dba King of Discounts Auto SalesTallahasee, FLJofree JosephSponsor: Office

Online 1 MarketingFort Lauderdale, FLKenneth HesterSponsor: Terry Myers

Paul McMullenShalimar, FLPaul McMullenSponsor: Terry Myers

Premier Auto Sales & Leasing LLCLongwood, FLChris PiekarskiSponsor: Terry Myers

Premium Autos of Lakeland LLCLakeland, FLJesse LesterSponsor: Terry Myers

Rick’s Auto Marketing Center SouthCarthage, NCRichard YowSponsor: Terry Myers

Sensible Auto LendingOld Saybrook, CTJustin SockSponsor: Office

Shaver Automotive, LLCTampa, FLJohn ShaverSponsor: Office

Solari Autos Corp.Miami, FLEssar GarciaSponsor: Terry Myers

Triumph Consulting Services, LLCWinter Springs, FLDebbie McGeeSponsor: Office

Waste Equipment & PartsTampa, FLDavid LanceSponsor: Terry Myers

We Deal Trucks LLCJacksonville, FLBill DukesSponsor: Kevin Scott

Dorman’s Auto Sales, Inc.Lake Wales, FLJohn HarnessSponsor: DTS/Terry

Francis Motor Sports, Inc.Fort Myers, FLRobert FrancisSponsor: Office

Jeffs Auto Sales and Service, LLCPort Charlotte, FLNancy RoughtonSponsor: Office

Owen Motors, Inc.Sarasota, FLDon Owen, Sr.Sponsor: Office

V12 Auto Sales IncOrlando, FLVeronica GonzalezSponsor: Office

M E M B E R S H I P N E W S

AUGUST 2011

AUGUST 2011

Rejoining Members

Qualified candidates should have:• Strongorganizational,communicationandpracticalbusinessskills.• Abilitytomanagemultipleprojectsanddiverseadministrativerequirements• Goodinterpersonalskills• Computerliterate• Provensalesrecord.SubmitresumeandcoverlettertoLisetteMariner,[email protected],visitwww.fiada.com.

HELP WANTED:FIADA Membership Coordinator

Page 9: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 9www.fiada.com

PAID

AD

VERT

ISIN

G

Page 10: Sept 2011 Issue Independent Dealer Magazine

www.fiada.com10 — Independent Dealer — September 2011

Every now and then it seems that the attorneys that represent consumers in actions against

dealers dust off an old cause of action and attempt to bring it back under a slightly different theory. For many years, it has been well established under Florida law that, absent a few narrow exceptions, retailers could freely disclaim implied warranties so long as they complied with the statute which discussed how to do so. As a result, most auto dealers were not being sued for breaches of express or implied warranties or under the Magnuson-Moss Warranty Act.

That changed within the last six months, as there has been an increase in actions being filed against car dealers asserting breaches of express or implied warranties and relating to the sale of a used vehicle. The purpose of this article is to explain how these claims are being brought and what dealers can do to try to reduce their exposure to these claims.

First, under Florida law, there are two implied warranties that exist in all contracts for the sale of goods unless they are properly disclaimed. These are the implied warranty of fitness for a particular purpose and an implied warranty of merchantability. The implied warranty of fitness for a particular purpose means that where the seller has reason to know of a particular purpose for which the goods are required at the time of the contract and that the buyer is relying on the seller’s skill or judgment to

select or furnish suitable goods, there is an implied warranty that the goods are fit for that purpose, unless it is excluded. The implied warranty of merchantability requires that goods be “merchantable,” and is more complex; however, for the auto industry, this warranty has generally been limited to requiring that vehicles be able to pass without objection in the trade and be of fair average quality within the description and fit for the ordinary purposes for which such goods are used.

Florida Statute Section 672.316 provides the method and manner by which warranties can be excluded or modified. The statute states that to exclude or modify the implied warranty of merchantability or any part of it, the language must mention merchantability and, in the case of a writing, be conspicuous; and to exclude or modify any implied warranty of fitness for a particular purpose, the exclusion must be in writing and conspicuous. The statutory provision then notes that unless the circumstances indicate otherwise, all implied warranties are excluded by expressions like “as-is” or “with all faults” or other language which in common understanding calls the buyer’s attention to the exclusion of warranties and makes clear that there is no implied warranty.

The federal Magnuson-Moss Warranty Act and the increase in warranties and service contract sales have indirectly led to the increase in implied warranty litigation. The federal Magnuson-

Moss Warranty Act requires that certain things be included within warranties and prohibits the disclaimer of implied warranties under certain circumstances. 15 U.S.C. § 2308 states no supplier may disclaim any implied warranty to a consumer with respect to such consumer product if (1) such supplier makes any written warranty to the consumer with respect to such consumer product, or (2) at the time of sale, or after, such supplier enters into a service contract with the consumer which applies to such consumer product. The Act does allow a supplier to limit the duration of the implied warranties to the same term as a written warranty, provided that the limitation is conspicuous and prominently displayed. The federal statute then states that any disclaimer, modification, or limitation made in violation of this section shall be ineffective for purposes of this Chapter and state law.

Looking at the definitions of the terms contained within the statute shows why this provision applies to auto dealers. The term “supplier” is defined as any person engaged in the business of making a consumer product directly or indirectly available to consumers. A “consumer product” is any tangible personal property that is distributed in commerce and is normally used for personal, family or household purposes. The term “written warranty” means any written affirmation of fact or written promise made in connection with

When is As-Is Not Really As-Is?B Y R O B S I C K L E S , F I A DA G E N E R A L CO U N S E L

L E G A L C O R N E R

...continued on page 12.

Page 11: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 11www.fiada.comwww.fiada.com

PAID

AD

VERT

ISIN

GPA

ID A

DVE

RTIS

ING

PAID

AD

VERT

ISIN

G

Page 12: Sept 2011 Issue Independent Dealer Magazine

12 — Independent Dealer — September 2011 www.fiada.com

the sale of a consumer product by a supplier to a buyer that relates to the nature of the material or workmanship and affirms or promises that such material or workmanship is defect-free or will meet a specified level of performance over a specified period of time. The term “written warranty” is alternatively defined as any undertaking in writing in connection with the sale by a supplier of a consumer product to refund, repair, replace or take other remedial action with respect to such product in the event that such product fails to meet the specifications set forth in the undertaking, which written affirmation, promise or undertaking becomes part of the basis of the bargain between a supplier and a buyer for purposes other than resale of such product. Lastly, a “service contract” is defined as a contract in writing to perform, over a fixed period of time or for a specified duration, services relating to the maintenance or repair (or both) of a consumer product.

To sum all of this up, a car dealer (supplier) that sells a vehicle (consumer product) to a customer (consumer) and also sells a service contract, cannot disclaim implied warranties of merchantability or fitness for a particular purpose. This is true even where the dealer has no responsibility under the service contract, but merely sells it.

Similarly, certified pre-owned programs that come with limited warranties have been found to prevent dealers from disclaiming implied warranties and thereby preclude as-is sales under Florida law.

These situations, as unfortunate as they may be, are easy to deal with because the statute clearly delineates the ability of a dealer to disclaim such warranties. A dealer can make the decision of whether to sell a service contract on a case by case basis and thereby determine which vehicles have implied warranties. More complicated

issues can arise in the context of online advertising where the motor vehicle history reports are provided as part of the advertising. Plaintiffs’ attorneys are claiming that the furnishing of motor vehicle history reports to consumers as part of a dealer’s advertising constitute express warranties by the seller because the seller makes affirmations of fact which relate to the goods and becomes part of the basis of the bargain. In many instances, plaintiffs’ attorneys are arguing that the use of a motor vehicle history report is more than negotiation or puffing by the dealer. Language contained in a buyer’s order or retail installment sales contract which subsequently modifies such an express warranty may ultimately provide the dealer with a defense; however, judges are sometimes reluctant to eliminate these claims at an early stage in the proceeding and may permit some type of discovery which increases the dealership’s cost of defending these types of claims.

Lastly, a recent Florida decision Duval Motors Company v. Rogers found that an arbitration clause contained in a dealer’s buyer’s order was not enforceable against the customer because the retail installment sales contract executed by the customer indicated that it was the entire agreement between the parties relating to the acquisition of the vehicle. The court concluded that the terms contained in the buyer’s order were superseded by the terms of the retail installment sales contract which was signed by both the dealer and the buyer. The court ruled this way because the retail installment sales contract contained an integration clause that said that the retail installment sales contract was the sole agreement between the parties. As a result, the court refused to enforce the arbitration clause in the buyer’s order.

The impact of this case is not likely to be limited to arbitration provisions in the buyer’s order or bill of sale.

It would seemingly apply equally across the board to all terms. Thus, a disclaimer of warranties or as-is provision contained in a buyer’s order may be unenforceable against a plaintiff where the retail installment sales contract indicates that it is the final expression of the parties’ agreement with respect to the acquisition of the vehicle.

A simple solution for dealers that are not engaged in spot delivery is to include language in the buyer’s order or bill of sale that indicates that it is the entire agreement with respect to the acquisition of the vehicle and to include similar language in the financing agreement indicating that it is the final agreement between the parties with respect to the financing of the vehicle. While using this language in a spot delivery situation where the spot delivery agreement is not included in the retail installment sales contract would cause problems, it should at least provide a basis to argue that the terms relating to the sale of the vehicle are contained in the buyer’s order/bill of sale and the terms relating to the financing of the vehicle are contained in the retail installment sales contract.

While as-is sales are expressly permitted under Florida’s version of the Uniform Commercial Code, the restrictions contained in the Magnuson Moss Warranty Act limit the circumstances by which dealers can disclaim implied warranties. More importantly, the recent decision from Florida’s First District Court of Appeal may prevent dealers from using disclaimers of warranties contained in their buyer’s orders or bills of sale where the retail installment sales contract is a fully integrated document. As a result, your as-is sale may not always end up as an as-is sale.

Rob Sickles is FIADA’s outside general counsel. He is available to members for legal and technical assistance questions by calling (800) 237-0448.

AS-IS continued from page 10.

Page 13: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 13www.fiada.com February 2011 — Independent Dealer — 13www.fiada.com

Auction Buy/Sell Fee Discounts• FIADA’srelationshipwithauctionsprovidesyouwithover$1,175indiscountsonauctionbuy/

sellfees.That’s$1,175inimmediatecashflowsavings.

• Inaddition,youwillreceiveover$6,000indiscountsonadvertising,software,education,forms,shipping,officesuppliesandmore.

Help Your Business Win• Asamember,you’repartofanassociationthat’s70yearsold.So,evenifyou’rejuststarting

out,youdon’thavetolooklikeit.YouwillhaveaccesstotheFIADAlogoforuseonyourprintandelectroniccommunications.YouwillalsoreceivetheFIADACodeofEthicsCertificateandaFIADAMemberDecaltodisplayinyourstorelocation.

• Pickupnewideasandnetworkwithotherdealersandindustryserviceprovidersatourannualconventionandquarterlyboardmeetings.

• Needtocontactanotherdealerinanotherpartofthestateoracrossthecountry?WithFIADA’sonlinememberdirectoryyoucancontactdealersacrossthestateforassistance.Haveacustomerthatmovedacrossthecountry?ThroughouraffiliationwithNIADA,FIADAisapartofanationwidenetworkofindependentdealersthatcanassistyouwithfindingyourcustomersandyourcars.

• FIADAMembersreceivetheDMVrequiredonlinecontinuingeducationcourseforfree.SimplyloginwithyourMemberIDandpasswordtoaccessthecomplimentarycourse.

• BydonatingtothePoliticalActionCommitteeyoucandirectlysupportcandidatesandelectedofficialsinstateofficeswhohaveapositiverelationshipwiththeautomobileindustry.

Industry Compliance Made Simple• KeepabreastofthelatestrulesandregulationsaffectingFlorida’sIndependentDealer.FIADA

publishesIndependentDealermagazinetokeepyouup-to-date.Alsoaslatebreakingchangesoccur,FIADAwillkeepyouupdatedviaemailblasts.

• Staycompliantwithnewfederalregulations.FIADAprovidesthetoolsandresourcesnecessaryfordealerstocomplywiththeRedFlagsRuleandSafeguardsRule.

• FIADAmembersalsohaveaccesstoinformationregardingothercomplianceissuessuchassalestax,titlesandregistrations.

• Havequestionsabouttheautomobileindustry?AsanFIADAmember,helpisalwaysjustaphonecallaway.FIADAmembershaveunlimitedaccesstoourin-house

expertisetogiveassistancetocommonproblemsthatcan becumbersomeandtechnical.

Annual Dues: $300 www.FIADA.com/Join-FIADA.cfm (800) 237-0448

Top Reasons Why You Should Belong to FIADA

September 2011 — Independent Dealer — 13www.fiada.com

Page 14: Sept 2011 Issue Independent Dealer Magazine

www.fiada.com

Independent Dealer Magazine

14 — Independent Dealer — September 2011

Page 15: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 15www.fiada.com

“DEALER” SPOKEN HERE

Contact your nearest ADESA location:

We speak your language. Our dedicated, experienced staff provides the service you need—before, during and after the sale.

Contact the Dealer Sales and Services team at your local ADESA auction or visit ADESA.com/sell.

ADESA Jacksonville 904-764-1004Sale day: Thursday

ADESA Ocala352-351-5100Sale day: Friday

ADESA Sarasota941-756-8478 Sale day: Friday

ADESA Tampa813-620-3600Sale day: Monday

© 2

011

AD

ESA

, IN

C.

PAID ADVERTISING

Page 16: Sept 2011 Issue Independent Dealer Magazine

www.fiada.com

Back to WorkBY HONORABLE JOHN GRANT and JENNIFER LUX,F IADA LEGISLATIVE ADVOCATES

After a quick summer break, it is back to work time for the Florida Legislature. With an early 2012 session, committee meetings normally held in the

spring are being pushed back to the fall.

Since legislators are prohibited from accepting campaign contributions during session or committee weeks, they have been using the usually politically silent summer months for campaigning. Your FIADA PAC has been active in attending and hosting several campaign events for candidates whose candidacy we support.

Participation in campaign activities gives us not only a chance to help legislators who support our industry, but also a time to meet with them one on one and tell them about our goals and issues for the upcoming session. It seems like we are always walking the halls and knocking on the doors of our legislators, so it is especially nice when they come to us. We are fortunate that Senator Jack Latvala will be participating in this year’s FIADA Annual Convention and Trade Show. On Friday, October 14 he will address the entire group of attendees with an update from Tallahassee, and you will also have opportunities during the day to introduce yourself personally to Senator Latvala.

During the past session, as Chairman of the Senate Transportation Committee, Senator Latvala helped fend off what we considered unfriendly legislation and is a great ally to FIADA. He understands our industry and the challenges you face. Once again, in the upcoming session we will be looking to his leadership as he continues to chair the Senate Transportation Committee.

The Senator needs to hear your stories first hand as this will go along way as we work toward one of our goals this year of fee rollbacks. With the drastic increase in fees three

L E G I S L A T I V E U P D A T E

years ago, now often the cost of a new tag exceeds the down payment on a car. The fee increases have been extremely burdensome not only to our dealers, but on the motoring public in general and they must be rolled back.

Coming to convention and sharing your personal stories with Sen. Latvala, will be an excellent opportunity to help educate our legislators on important topics that directly affect your business. We believe there is strong legislative support for fee rollbacks, but the legislature is faced with another very difficult year in balancing the budget amidst revenue shortfalls that have been the result of what seems to be a stalling economic recovery. Unemployment continues at record high levels and consumer spending remains flat. Also when unemployment is high it causes a spike the demand for social services, such as Medicaid. Medicaid will be the biggest stumbling block to a balanced budget this year as it now makes up more than a third of the state budget and is growing day by day. Efforts to reform Medicaid have been temporarily blocked by litigation and failure of the federal government to issue waivers.

We anticipate that some of the bills we successfully defeated last year will be refilled this year, and there is always a chance that new ones will be introduced. Whatever happens, your FIADA legislative team will be there to see them modified or defeated so there is no negative affect to your dealership.

We encourage you to become involved in the process by contacting your local legislators and telling them how you feel about the need for fee rollbacks and why it hurts dealers and the motoring public. The time to let our voice be heard for the coming session is now, and a good place to start is by coming to the Convention in Orlando next month.

16 — Independent Dealer — September 2011

Page 17: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 17www.fiada.com

unlock your cash flow.Buy-here, pay-here dealer?

©2011 Sterling Credit Corporation

Sterling Credit Corporation is your key to turning in-house sales contracts into fast cash. Cash is king in the auto fi nance business and we know cash fl ow is paramount in a successful operation. At Sterling Credit Corporation, our seasoned understanding of the industry will help you generate a timely return. Our professional team of fi nance experts can create a program designed exclusively for you and your dealership – not some cookie cutter process. We’ll get you the cash quickly, treat your customers with respect and free you from the hassles of collections, all with a personal touch.

We have the key to unlock your potential. Call today!

We buy bulk receivables so you can:

• Minimize risk• Purchase inventory• Accelerate your profi ts• Reduce collection responsibilities• Meet operating cost goals• Grow your business!

©2011 Sterling Credit Corporation

Toll Free 855-222-2120www.SterlingCreditCorporation.com

PAID

AD

VERT

ISIN

G

Page 18: Sept 2011 Issue Independent Dealer Magazine

PAID ADVERTISING

Page 19: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 19www.fiada.com

Page 20: Sept 2011 Issue Independent Dealer Magazine

20 — Independent Dealer — September 2011 www.fiada.comwww.fiada.com

Page 21: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 21www.fiada.com

Page 22: Sept 2011 Issue Independent Dealer Magazine

www.fiada.com22 — Independent Dealer — September 2011 www.fiada.com

and then $195 for eachadditional employee.

Includes dealer, spouseand kiddos.

Dealer Express Registration

$99For all seminars and

training events. No meals.

Make your reservationsby calling the hotelat (407) 586-2000.

Experience Old Florida at the Gaylord Palms Resort & Convention Center in Orlando, the site of FIADA’s 2011 Annual Convention and Trade Show. This year’s convention will include top-level education sessions, an energetic exhibit hall and plenty of opportunities for family fun and entertainment. Make plans now to attend the industry’s top event. Log on to www.FIADA.com/convention.cfm for more details.

Stay at the host hotel, the Gaylord Palms Resort and Convention Center in Orlando. Hotel amenities include: wired and wireless internet connection, fitness center, complimentary in-room beverages, daily newspaper and local shuttle service. Space is limited. Reserve your room by calling (407) 586-2000. Ask for the FIADA group rate.

The FIADA Golf Tournament is back! Hosted at the Celebration Golf Club, the FIADA Golf Tournament will be fun for all skill levels. The best ball scramble format with shotgun start will include prizes for the winning team, closest to the pin, longest drive and a chance to win a hole-in-one grand prize!

Transportation is provided to the golf course from the hotel. Lunch begins at 12:00 noon.

Net Proceeds benefit the FIADA PAC Fund. Contributions to the FIADA PAC are voluntary and not tax deductible.

CHOOSE YOUR REGISTRATION PACKAGE: HOTEL INFO:

and then $195 for each

Corporate Registration

$249

Family Registration

$349

Gaylord PalmsResort

TOURNAMENT REGISTRATION:

Page 23: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 23www.fiada.com

Gaylord Palms is conveniently located in the heart of Central Florida and near dozens of spectacular theme parks and local attractions, including Walt Disney World® theme parks, SeaWorld®’s Discovery Cove, and Universal Orlando. A complimentary scheduled shuttle bus service is available from the hotel to the Disney theme parks. Shuttles to SeaWorld, Universal Orlando, and Wet-n-Wild are $19* per person round-trip and must be booked through the Hotel Concierge at least 6 hours prior to pick up.

Wet ‘N Wild www.wetnwildorlando.comThe world’s premier water park, features signature thrill rides and water slides for a full day of fun for the entire family.

The Holy Land Experiencewww.holylandexperience.comThe Holy Land Experience brings together the sights and sounds of the world of the Bible in a unique and interactive way.

Fun Spot Action Parkwww.funspot.tutengraphics.comA family-fun center featuring multi-level go-kart tracks, thrill rides, kid spot, arcade games and more.

Wonderworkswww.wonderworksorlando.comWonderworks is an Interactive attrac-tion with over 100 exhibits to experi-ence, land the space shuttle, fly a fighter jet, and design your own roller coaster and much more!

Gatorlandwww.holylandexperience.comGatorland is a 110-acre theme park and wildlife preserve that provides affordably priced family fun with thousands of alligators and croco-diles, one-of-a-kind reptilian shows, educational programs and more.

Pointe Orlandowww.pointeorlando.comOne of a kind shopping and dining center, movie theater and more.

OTHER AREA ATTRACTIONS:

Treat your family to some off-campus activities while attending the FIADA Annual Convention.*

*Tickets to area attractions and entertainment are not included with convention registration and arrangements must be made separately.

As a guest at the Gaylord Palms Resort during the FIADA Annual Convention, you can enjoy the following services included with your room rate:

Comfortable custom-made mattressesExecutive desk with chairCeiling fanRefrigerator replenished daily with Dasani® water*Gaylord iConnect® in-room guest portal for hotel servicesWireless Internet access*Two telephones (one is cordless) with speakerphonesIntegrated doorbell systemBedside alarm clock equipped with CD playerModem data portIn-room safe fitted with AC outlet to recharge laptopsRemote control television with cablePersonal coffee makerFull-size iron and ironing boardGuest voice mail serviceIn-room pay-per-view movies

Driving Directions:

North Florida I-95 South (Jacksonville)I-95 South / I-4 West / Exit 65 Osceola Parkway East / Gaylord Palms on Right

North Florida I-75 South (Tallahassee)I-75 South / Florida Turnpike South / I-4 West / Exit 65 Osceola Parkway East / Gaylord Palms on Right

West Florida I-4 East (Tampa/St. Petersburg)I-4 East / Exit 65 Osceola Parkway East / Gaylord Palms on Right

East Florida I-4 West (Daytona)I-4 West / Exit 65 Osceola Parkway East / Gaylord Palms on Right

South Florida I-95 North (Ft. Lauderdale/Miami)I-95 North / Florida Turnpike North / Osceola Parkway West / Gaylord Palms on Left

September 2011 — Independent Dealer — 23www.fiada.com

The cut-off for the FIADA room rate has passed, but you can still make a reservation at the regular rate by calling (407) 586-2000.

Page 24: Sept 2011 Issue Independent Dealer Magazine

24 — Independent Dealer — September 2011 www.fiada.com

Thursday, October 13, 20111:00pm Golf Tournament

12:00pm – 6:00pm Exhibitor load in/set‐up

1:00pm – 6:00pm Registration Open

7:30pm – 9:30pm Past Presidents’ Dinner (invitation only)

Friday, October 14, 20117:30am – 4:00pm Registration Open

8:00am – 5:00pm Dealer Training School

8:00am – 9:00am Breakfast with Exhibitors

9:00am – 10:15am Opening General Session (1 hr CE)

Senator Latvala Upcoming Legislative Update

10:30am – 11:45am General Industry Workshop (1 hr CE)

Option 1: Utilizing Mobile Devices to Increase Business Freddy, Hall, Director of Business Development, Black

Book; George E. Heppe, President, GigglePop.com, Inc.

Option 2: 22 Simple Action You can Take Today to Position Your Business for Breakthrough Growth

Steve Gordon, President, Steve Gordon Marketing Systems

12:00pm – 1:15pm Lunch with Exhibitors

1:30pm – 2:30pm General Membership Meeting Board Meeting & Ballots

2:45pm – 3:45pm General Industry Workshop (1 hr CE)

Option 1: Referrals ‐ The 3 Step Plan Every Business Owner Needs to Know

Steve Gordon, President, Steve Gordon Marketing Systems

Option 2: What You Don’t Know About Estate Planning Can Cost You

Steven W. Cutler, Hinshaw & Culbertson LLP

4:00pm – 5:15pm General Session (1 hr CE)

Federal Legislative Update Keith Whann, General Counsel, NIADA

6:00pm – 7:00pm Hospitality Reception Sponsored by Williams & Stazzone

7:15pm – 9:15pm FIADA Annual Awards Banquet

9:30pm – 11:00pm Hospitality Afterparty

Saturday, October 15, 20117:30am – 4:00pm Registration Open

8:00am – 5:00pm Dealer Training School

8:00am – 9:00am Breakfast with Exhibitors

9:00am – 10:15am General Session (1 hr CE)

Rainmaker Strategies for Business Growth Ed “The Rainmaker” Robinson, President, EdSpeaks

10:30am – 11:45am General Industry Workshop (1 hr CE)

Option 1: Generating LeadsEd “The Rainmaker” Robinson, President, EdSpeaks

Option 2: Legal Panel Rob Sickles, FIADA General Counsel, Partner, Hinshaw & Culbertson, LLP; Lewis Kuhl, Attorney, Pathman & Lewis; Bill Denius, Attorney, Killgore Pearlman Stamp Ornstein & Squires, PA

12:00pm – 1:15pm Lunch with Exhibitors

1:30pm – 2:30pm General Session (1 hr CE)

Partners in Progress: Solutions in a Changing Environment Clayton Boyd Walden, Deputy Director, Florida Department of Highway Safety and Motor Vehicles

2:45pm – 3:45pm General Industry Workshop (1 hr CE)

Option 1: The Changing World of BHPH, How to Succeed in the New World Chris Leedom, President & CEO, Leedom Group

Option 2: Hottest Legal HR issues in 2011 & Beyond

4:00pm – 5:00pm General Industry Workshop (1 hr CE)

Option 1: Bankruptcy & Creditor Issues Dennis LeVine, Dennis LeVine & Associates

Option 2: Internet SolutionsMichael Jackson, President & CEO, Auto Search Technologies

7:00pm – 11:00pm High School Reunion Dinner

The following is a tentative schedule of events for the FIADA Annual Convention and Trade Show:

Continuing Education Credit:Events on the schedule highlighted in dark blue will

count toward Continuing Education (CE) Credits.

Page 25: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 25www.fiada.com

2011 ExhibitorsACR of South Florida

AFS Acceptance LLC

AmeriTag

Auction123.com

Auto Data Direct, Inc.

Auto Use

Autotrader.com

CAR Financial Services

eBay Motors

EliteTrak

GoldStar GPS/ EnfoTrace GPS

GWC Warranty

J.P. Morgan Chase

Lauderdale Paper & Balloon Co.

Manheim

MarkOne Financial

Mechanical Breakdown Protection Inc.

NIADA Certified

Northwood University

Openlane

RepoCity

RouteOne LLC

Sanford Auto Dealers Exchange, Inc.

SmartAuction

Sterling Credit Corporation

Tax Refund Services Tax Max

Triumph Consulting Services, LLC

UCMLINK.com

United Acceptance Inc.

Wayne Reaves Software & Websites

Westlake Financial Services ALPS

Williams & Stazzone Insurance Agency, Inc.

List as of 9/8/11

2011 SponsorsThank you to the following FIADA 2011

Annual Convention and Trade Show Sponsors:

MARQUIS

PLATINUM

GOLD

SILVER

List as of 9/8/11

Page 26: Sept 2011 Issue Independent Dealer Magazine

1. DEALER EXPRESS REGISTRATION Badge Name: ___________________________________________________ [ ] $99 Badge Name: ____________________________________________________ [ ] $99 For all scheduled seminars and training events, but does not include meals.

2. CORPORATE REGISTRATION Badge Name: ___________________________________________________ [ ] $249 Additional Attendee: ______________________________________________ [ ] $195 Additional Attendee: ______________________________________________ [ ] $195 All corporate registration attendees are allowed access to all events and meal functions.

3. FAMILY REGISTRATION Badge Name: ___________________________________________________ [ ] $349 Spouse Name: ___________________________________________________ [ ] Included Child Name: _____________________________________________________ [ ] Included Child Name: _____________________________________________________ [ ] Included Family Package attendees are allowed access to all events and meal functions. CE Credits and Certificates of Completion available for active FIADA members, corporate attendees and family attendees upon request.

4. GOLF TOURNAMENT Individual Player: ________________________________________________ [ ] $75 Foursome: ______________________________________________________ [ ] $275 Individual players will be paired up with other players. Please list names of foursome players in space provided. Net Proceeds benefit the FIADA PAC Fund. Contributions to the FIADA PAC are voluntary and not tax deductible.

TOTAL REGISTRATION FEES: $__________

PAYMENT METHOD[ ] I have enclosed a check made payable to FIADA [ ] I will be using a credit card

Credit Card Type: [ ] Visa [ ] Master Card [ ] American Express [ ] Discover

Name (as it appears on card): ____________________________________ Company: ______________________________________

Credit Card Billing Address: _____________________________________________________________________________________

Credit Card Number: ________________________________________________ Exp Date: ________________________________

Authorized Signature: X __________________________________________________ CC Security Code: ____________________CANCELLATION POLICY: Refunds may be honored with a 72-hour notice. Please submit cancellations in writing.

HOTEL ACCOMMODATIONSPlease contact Gaylord Palms Resort directly at (407) 586-2000 and mention you are part of the FIADA Annual Convention to receive the group rate. Reser-vations must be made by Sept. 12, 2011 to receive the FIADA group discount of $144.00 per night, plus tax. This reduced group rate will not be guaranteed after this date. Reservations will be accepted upon a space available basis.

REGISTER ONLINE NOW AT WWW.FIADA.COM OR CALL (800) 237-0448Mail/Fax registration to: FIADA • 1840 Fiddler Court • Tallahassee, FL 32308 • FAX (850) 385-3251

COMPANY INFORMATIONCompany: __________________________________________________________________________________________ Mailing Address: ____________________________________________________________________________________ City/State/Zip: ______________________________________________________________________________________ Phone: __________________________________________ Fax: ____________________________________________

E-mail: __________________________________________ Website: ________________________________________

REGISTRATION INFORMATION (Please Note: fees in each category will increase by $100 after September 12, 2011.)

Page 27: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 27www.fiada.com

PAID

AD

VERT

ISIN

G

PAID

AD

VERT

ISIN

G

COMPANY INFORMATIONCompany: __________________________________________________________________________________________ Mailing Address: ____________________________________________________________________________________ City/State/Zip: ______________________________________________________________________________________ Phone: __________________________________________ Fax: ____________________________________________

E-mail: __________________________________________ Website: ________________________________________

REGISTRATION INFORMATION

Page 28: Sept 2011 Issue Independent Dealer Magazine

28 — Independent Dealer — September 2011 www.fiada.com

First of all ± are you a Rainmaker?Do you have a proactive methodology to stay in the

forefront of your consumers’ minds?

The term “Rainmaker” has several definitions. My favorite for professionals in the auto industry is being proactive to make it “RAIN” new business by doing things such as increasing revenue, making money, and moving inventory for your company. In today’s environment those who sit back in a reactive state will soon find themselves closing their doors and blaming the economy for keeping them from growing or at least being able to pay the bills.

Let me share with you an “Ed-ism.” In every economy someone gets wealthy. Someone has found the magic mix to not only survive but thrive in the current situation. So what are you doing to enhance your potential to grow? Are you creating leads for your team? Are you increasing your footprint in the marketplace? Does your Value Proposition allow your consumer to think of possibilities today?

Once again the goal of a Rainmaker is to make it RAIN! There are three areas to make it RAIN in your business:1. Community networking events2. Marketing and lead generation

activity3. Face to face selling.

To do so it is imperative to master the RAIN Model if you’re going to remain relevant as a player in your community in the next one to five years. It becomes critical to develop growth and business development plans within your company, creating Rainmakers (sales and marketing professionals) that get results. Successful Rainmakers “make it RAIN” by being skilled at:

Rapport building with potential customers. To build rapport, Rainmakers must research and know their customer’s trends, as well as their opportunities and challenges. Then, Rainmakers must connect with those prospective consumers on an ongoing basis to continue to keep your pipeline full and traffic into your locations.

Asking the right questions of those potential customers. Successful Rainmakers ask the essential questions to confirm their rapport-building research. Rainmakers know their potential customer’s pain points, their needs, fears, and visions for the future, yet are patient enough to allow the prospect to voice them to position themselves as a problem solver.

Implementing solutions for potential consumers. Rainmakers have multiple ways for the customer to say yes. Rainmakers demonstrate how they will add value, both short

CONVENTION PREVIEW: ED ROBINSON, SESSION SPEAKER

BY ED ROBINSON

Don’t wait for new business to come to you, get out there and make it happen. Get ready for the RAIN.

www.fiada.com28 — Independent Dealer — September 2011

...continued on page 30.

Page 29: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 29www.fiada.com

PAID

AD

VERT

ISIN

GPA

ID A

DVE

RTIS

ING

Page 30: Sept 2011 Issue Independent Dealer Magazine

30 — Independent Dealer — September 2011 www.fiada.com

We want to be yourSub-Prime Retail Lender! Floorplan Company!

[email protected]

800-873-2907

Easy Self Approval

Strong Retail Advances

Quick and Reliable Funding

All Retail Advances areNon-Recourse

��

��

Featuring:100% Auction Advance

120 Day Extendable Term

Lien Payoff Programs

Checkbook Program forNon-Auction Purchases

On-line Auction Purchases

��

��

Featuring:

services. I advise that a key to being a successful Rainmaker is making multiple “touches” to current and potential customersÐo therwise, they will forget about you. Touchpoints can be illustrated by using the PEST formula:

PostcardsÐs hould include the service provider’s deliverables EmailÐc ould be a service overview and/or an article that may interest themSnail MailÐex amples include an article that may interest them, a service overview and a leave-behind item, such as a brochure or promotional itemTelephoneÐa s a follow up to the previous Touchpoints

All Rainmakers and future Rainmakers should “touch” prospective customers, as well as people who can refer the provider to

potential customersÐt he Rainmaker’s Advocates. Advocates are people the service provider has worked with current and former customers, and people who know the service provider from business and community activities. Using this approach the Rainmaker is taking initiative, doing appropriate research, building rapport, asking meaningful questions, implementing value-add solutions, asking for the sale, and having lots of personal motivation, allowing professional service providers to be proactive to increase their revenue.

Don’t be a victim! Be proactive! Have a strong lead generation system, a touching strategy and go “Make it RAIN!”

term and long term for the potential customers. These solutions should make it easy for them in areas such as payment terms, service availability, upgrades and financing.

Negotiating a good next step start time. Rainmakers confidently ask for their potential customer to buy but also recognize they are a source for future business and strive to create a long term alliance.

Experienced Rainmakers also know the core strengths they possess that make them successful. They know why customers buy from them. And, they continuously develop and market these core strengths. My philosophy for marketing those core strengths is through a systematic approach to Touchpoints. Touchpoints begin the rapport-building process and are the contacts between a service provider and potential buyer for those

Catch Ed at the Convention:Saturday, October 15, 2011

9:00 am and 10:30 am

RAINMAKER continued from page 28.

PAID ADVERTISING

Page 31: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 31www.fiada.com WAYN

ER E A V E S S O F T W A R E 800-701-8082

Run Reports for a l l s i tes or just one at a t ime! Manage Al l Lots From One Locat ion!

Multiple-Locations? No Problem!

ChangeLocation

Send Cars ToMy Website

OnlineMoney

DEBIT

ProcessRepossession

LocateVehicle

WorkCollections

TakePayments

Export toQuickbooks

QB

Sell aVehicle

Add aRepair

BrowseInventory

Add aVehicle

Cash Sales Bank FinancingAuto BrokersBuy-Here/Pay-Here

No More NetworkingAutomatic UpdatesAutomatic Back-upsQuickBooks Integration

We Store Your Data On Our Servers

Access your program from your lot, home, or anywhere

Runs Across The Internet!

Wayne Reaves SoftwareTo Manage Your Car Lot

The

best

just

got

bet

ter

PAID

AD

VERT

ISIN

G

Page 32: Sept 2011 Issue Independent Dealer Magazine

32 — Independent Dealer — September 2011 www.fiada.com

Do you know the story of the Magic Penny? It goes like this…

If given the choice of taking a penny that doubled every day for 30 days or taking $10,000 today, which would you choose? I’d take the penny every time! Why? Through the miracle of compounding that penny would double every day for the full 30 days…accumulating an astonishing $5.37 million.

Marketing works in much the same way (in fact many large things in life are accomplished by adding small things together, over and over). Most small businesses ignore the immense benefits of compounded marketing. Instead, opting for the one-big-shot approach.

For one of my customers, the one-big-shot was a beautiful full color oversized postcard. It was the first direct mail piece he’d run. It was beautifully designed and printed. Then he mailed it to thousands of prospects and customers in one shot. Later when we began working together he confessed that it had no effect. There was no marketing before or after that one shot.

For another customer it was getting a prime spot at a large trade show not long before she hired me. She expected that with the big investment and “exposure” of the event she’d be slammed with new business…but only gained one new customer.

When I first started in business I made the same mistake. The ad agency I’d hired at the time liked to say “Go Big or Go Home.” Which I later learned meant “spend big or we’re going home.”

THE COMPOUND MARKETING STRATEGYThe better approach is to use the magic of compounding in your marketing. Compound marketing allows you to take small risks in your marketing, learn as you go and grow over time. Compound marketing demands more time than money. That’s one of the reasons it is such a good strategy for small businesses because you don’t need a $10,000 media buy to get started.

To make compounding work for you have to be consistent day-in and day-out. That consistency requires systems…you just can’t do it any other way.

Consistency is your strategic advantage. Very few if any of your competitors will do what’s necessary to take advantage of the compound effect. Even those that start will question whether they are on the right path because compounding starts slow. It takes time to build, but just like with the penny, you hit a tipping point. A point where compounding kicks in and it’s momentum begins to carry you forward.

THREE ESSENTIAL PRINCIPLES OF COMPOUND MARKETINGWhen I speak to a group of entrepreneurs I’m invariably asked “What’s the best way to market my business…is it Facebook, Twitter, Groupon?…I tried a postcard last year and it didn’t work.”

We all want the magic bullet that’s going to get all the customers we need. And we’re all tempted to chase the latest bright shiny new marketing tool that promises to be that magic bullet. But the truth is, there is no magic bullet. Sorry.

CONVENTION PREVIEW: STEVE GORDON, SESSION SPEAKER

Why would you roll the dice on a campaign that may or may not work? BY STE VE GORDON

...continued on page 34.

Page 33: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 33www.fiada.com

PAID

AD

VERT

ISIN

G

Page 34: Sept 2011 Issue Independent Dealer Magazine

34 — Independent Dealer — September 2011 www.fiada.com

But there are “magic” principles that will give you all of the customers you need, if you apply them.

Over the years I’ve discovered three principles of compound marketing:1. Make small bets2. Test, test, test3. Market every day

MAKE SMALL BETS.The foundation for building sustainable marketing is making small bets. Invest $500 instead of $10,000 to begin. Small bets allow you

to make a lot of bets and you need to make a lot of bets…you don’t know which ones will pay. Heck, even I don’t know which one’s will pay and neither does that expensive ad agency you’re thinking of using.

Few entrepreneurs want to make small bets. Small bets are messy. There are a lot of moving parts…a lot of change…trial and error. But in the end, only your market knows what will work. You’ve just got to get them to tell you by testing.

TEST, TEST, TEST.I’m an engineer by training so I grew up with the scientific method…problem, hypothesis, test,

analyze results, adjust…repeat. Marketing is much more scientific than it is creative. Winning with compound marketing requires you to test many small betsÐs mall ads, blog posts, webinars, offers (and more). But to test you need marketing you can measure.

Unfortunately, most ad agencies and media sales people will tell you there’s really no way to measure specific results from an ad or a media buy. It’s not only possible, but also relatively easy and inexpensive to measure the results of all of your marketing.

You’ve got to be organized for sure, but it’s really not that hard. And testing is the key to learning from all your small bets. We want to know which ones are winners and which ones are losers. Keep the winners and kill the losers.

MARKET EVERY DAY.If you want to get all the customers you need, marketing once a quarter isn’t going to cut it

anymore. Your marketing must be working every day to trigger the compound effect and build momentum. Truthfully, the only way to achieve “every day” marketing is with systems.

...continued on page 36.

COMPOUND MARKETING continued from page 32.

PAID

AD

VERT

ISIN

G

1

2

3

Page 35: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 35www.fiada.com

PAID

AD

VERT

ISIN

G

February 2011 — Independent Dealer — 35www.fiada.com

MAPFRE Insurance Company of Florida is proud to announce they have been upgraded by A.M. Best to A+ (Superior) with a financial rating of XIV, placing them among the top rated carriers in the country.

PAID

AD

VERT

ISIN

G

ASK US FOR DEALER BONDS, TOO!

Page 36: Sept 2011 Issue Independent Dealer Magazine

36 — Independent Dealer — September 2011 www.fiada.com

You need a lead generation system to attract customers to you. Your lead generation might be any or all of the following:

•Ads–TV,radio,print,online•Networking•ABlog•Aseminar,webinarorteleseminar•Ajointpromotionwithanotherbusiness•Adirectmailcampaign•Areferralprogram

And you need a lead conversion system that moves potential customers through an educational process that results in a sale. Most of us focus on lead generation, but the real opportunity for increasing sales is in lead conversion. Why?

Most of us only have time to follow-up with the hot prospect who’s ready to buy.

Few businesses have taken the time to create a follow-up system to do the education of a new prospect automatically

and consistently. Those that do, experience skyrocketing conversion rates without hard selling. The prospects bubble up out of your follow-up process and identify themselves when they are ready to buy.

Your lead conversion system might include:

•Aneducationalreportorvideoavailableonyourwebsite•Apre-writtenseriesofemailstoeducateanewprospect,share testimonials and answer common questions.•Aregulare-newsletterorprintednewslettertokeepintouch with prospects during a long sales cycle.•Severalpre-scheduled“check-in”callstogaugewheretheprospect is during the sales cycle.

Tap into the Compound Effect of Marketing today. The sooner you start the quicker you’ll see great results!

Don’t miss Steve at the Convention:Friday, October 14, 2011

10:30am and 2:45pm

COMPOUND MARKETING continued from page 34.PA

ID A

DVE

RTIS

ING

Page 37: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 37www.fiada.com

NORTHEAST FLORIDAAdesa JacksonvilleAuto Auction11700 New Kings Rd.Jacksonville, 32219

WEST COASTInsurance A/A of Clearwater5152 126th Ave N.Clearwater, 33760

Ramada Inn Tampa11714 Morris Bridge Rd. 1-75 Exit 265Tampa

CENTRAL FLORIDAManheim’s ImperialAuto Auction3300 County Line Rd.Lakeland, 33811

Ocala Driver’s License Office110 SE 25th AvenueOcala, 34471

Manheim Central Florida Auto Auction9800 Bachman Rd.Orlando, 32824

Manheim Remarketing Site Orlando/Ocoee1275 E. Story RoadWinter Garden, 34787

SOUTH FLORIDAManheim Ft. Lauderdale5353 State Road 7Davie, 33314

Adesa Miami/Insurance Auto Auction of Miami12700 NW 42nd AveOpa Locka, 33054

PANHANDLEComfort Inn1013 East 23rd St.Panama City, 32405

FIADA Office1840 Fiddler CourtTallahassee

View Course Descriptions and Register at www.FIADA.com

Sept. 1-2 Orlando/Winter Garden

Sept. 3-4 Tampa

Sept. 7-8 Miami/Opa Locka

Sept. 10-11 Orlando

Sept. 12-13 Clearwater

Sept. 12-13 Ocala

Sept. 14-15 Lakeland

Sept. 17-18 Ft. Lauderdale

Sept. 19-20 Jacksonville

Sept. 21-22 Tallahassee

Sept. 29-30 Orlando/Winter Garden

Oct. 1-2 Tampa

Oct. 3-4 Ocala

Oct. 5-6 Miami/Opa Locka

Oct. 10-11 Clearwater

Oct. 14-15 Orlando/Annual Convention*

Oct. 17-18 Jacksonville

Sept. 19-20 Lakeland

Oct. 19-20 Tallahassee

Oct. 22-23 Ft. Lauderdale

JUNE 2010 JULY 2010SEPTEMBER 2011 OCTOBER 2011 NOVEMBER 2011

Nov. 3-4 Orlando/Winter Garden

Nov. 5-6 Tampa

Nov. 7-8 Ocala

Nov. 9-10 Miami/Opa Locka

Nov. 14-15 Clearwater

Nov. 12-13 Orlando

Nov. 21-22 Jacksonville

Nov. 16-17 Lakeland

Nov. 21-22 Tallahassee

Nov. 19-20 Ft. Lauderdale*Orlando’s October class will be held during the FIADA Annual Convention at the Gaylord Palms

Oct. 14-15 O

View Course Descriptions and Register at www.FIADA.com

Miami/Opa Locka Oct. 3-4 Ocala

Miami/Opa Locka

Clearwater

Orlando/Annual Convention*

Jacksonville

Lakeland

Tallahassee

View Course Descriptions and Register at www.FIADA.com

Clearwater

Lakeland

Ft. Lauderdale

Jacksonville

Tallahassee

Oct. 3-4 Ocala

Tallahassee

Ft. Lauderdale*Orlando’s October class will be held during the FIADA Annual Convention at the Gaylord Palms

View Course Descriptions and Register at www.FIADA.com

Ft. Lauderdale

Oct. 3-4 Ocala

Oct. 5-6 Miami/Opa Locka

Oct. 10-11 Clearwater

Orlando/Annual Convention*

Oct. 17-18 Jacksonville

Sept. 19-20 Lakeland

Oct. 19-20 Tallahassee

Oct. 22-23 Ft. Lauderdale*Orlando’s October class will be held during the FIADA Annual Convention at the Gaylord Palms

Oct. 14-15 O

Page 38: Sept 2011 Issue Independent Dealer Magazine

38 — Independent Dealer — September 2011 www.fiada.com

The National Independent Automobile Dealers Association as well as the Florida Independent Automobile Dealers Association are celebrating some victory in the ongoing battle with vehicle history report generator CARFAX. After pressure from both groups, as well as complaints from dealers during the NIADA convention in June, CARFAX has agreed to change all their advertisements by removing key words such as “free” and “reputable” when referring to obtaining a vehicle history report from a dealer. To view the new ad campaign go to the website at www.carfaxonline.com/ads. While the change in advertising campaign is a good start, there are still other issues important to dealers. According to NIADA CEO Mike Linn, the next thing on the list is the price calculator, which attempts to weigh in on the value of the car as a separate line-item on the vehicle history report.

Senate Bill 146 regarding the requirements of civil rights restoration for felony convictions was passed, providing that an application for a dealer’s license

cannot be denied based solely on the applicant’s lack of civil rights. Starting Jan. 1, 2012, the DMV will no longer require a copy of the civil rights restoration

INDUSTRY NEWSIs There too much Social Media Hype?

CARFAX ADJUSTS MARKETING CAMPAIGN

GWC WARRANTY AND UNIVERSAL LENDERS DEBUT AFTERMARKET FINANCING PLAN GWC Warranty, a leading vehicle service contract provider, has partnered with Universal Lenders LLC to provide Dealers across the country with “The ZERO Plan”, an interest-free financing option for GWC Vehicle Service Contracts. “The ZERO Plan”, created by Universal Lenders, is a financing alternative for ancillary products, allowing Dealers to offer zero-percent alternative financing to their customers, while benefiting from increased sales of aftermarket products. “The ZERO Plan” provides Dealers with an alternative to lenders not willing to approve ancillary products, as well as an opportunity to realize lost F&I profit. The customer benefits as well by gaining an interest-free financing option for a much needed vehicle service contract that will protect them from the high cost of repairs. “We’re delighted to partner with Universal Lenders LLC to bring The ZERO Plan to our Dealer partners nationwide,” said GWC President and CEO Rob Glander. “This interest-free financing option allows Dealers to accommodate many customers who would be otherwise unable to purchase a car protected by a GWC Vehicle Service Contract. GWC is committed to provide Dealers with financing alternatives that help them succeed in the marketplace, and this partnership is consistent with that goal.”

The Manheim Used Car Market Report (UCMR) is the definitive source of information and trends that shape wholesale and retail used vehicle markets. The 2011 Mid-Year Report strives to help readers navigate an automotive industry facing rapid change. NIADA members may download a FREE copy of the Mid-Year UCMR in traditional PDF format or for iPhone, iPad and Android devices. Go to www.NIADA.com for more information.

Free Manheim 2011 Mid-Year Used Car Market Report

format or for iPhone, iPad

Scan this code to watch the new CARFAX ad campaign.

According to R.L. Polk & Co. and Autotrader.com, maybe so. In a joint survey conducted last summer, just three percent of 4,005 new and used car buyers polled said social media

influenced their purchase decision. Similarly, online auto-shopping monitoring company Dataium, reported that out of 1.5 million auto shoppers they tracked for a study on internet buying habits, only 9,400

linked to a dealer Web site directly from a social media site and out of those only six followed up with a direct message asking for more information.

Page 39: Sept 2011 Issue Independent Dealer Magazine

September 2011 — Independent Dealer — 39www.fiada.comPAID ADVERTISING

Page 40: Sept 2011 Issue Independent Dealer Magazine

40 — Independent Dealer — September 2011 www.fiada.com

PAID ADVERTISING

PAID

AD

VERT

ISIN

G