Archive for the ‘car dealer web development tools’ Category
car dealer insurance 1 comment
car dealer facebook 1 comment
dmv announces vehicle history database 2 comments
Californias Can Get Access To Vehicle Histories
California Department of Motor Vehicles
Media Relations Office
2415 First Avenue, MS F-122
Sacramento, CA 95818
Contact: DMV Public Affairs
www.dmv.ca.gov
www.youtube.com/CaliforniaDMV
Feb 18, 2010
Sacramento – The California Department of Motor Vehicles (DMV) announced today that its vehicle title history and brand information is now available to consumers through the National Motor Vehicle Title Information System (NMVTIS). The database greatly improves the tracking of vehicles across state lines for law enforcement and motor vehicle agencies. It also allows consumers to learn about the history of a vehicle prior to making a purchase.
DMV Director George Valverde said California is supportive of NMVTIS, and sees it as another valuable tool for consumer protection. “We are delighted that prospective purchasers of vehicles can now access title and brand information on the millions of updated vehicle records California provides to the NMVTIS database.”
California is one of 31 states now participating in NMVTIS, which was established by federal law in 1992 as a major tool to combat rampant nationwide vehicle theft and fraud. According to statistics released earlier this year, 1.3 million vehicles are stolen in the 50 states each year, with losses to consumers totaling more than $8 billion. NMVTIS records are available at http://www.vehiclehistory.gov by providing a vehicle identification number and paying a nominal fee.
NMVTIS is operated on behalf of the U.S. Dept. of Justice by the American Association of Motor Vehicle Administrators (AAMVA). Several entities are required to regularly report information to NMVTIS, including: State motor vehicle agencies; Insurance carriers (including some self-insuring entities); and, auto recyclers and salvage yards.
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automated man is not your friend
automated man is NOT your friend 1 comment
a well run car dealership
depends on good car dealer education
we work hard to make it simple for you
automated man twitter is not your friend
and can actually harm your seo efforts
have a look at our car dealer twitter platform
each is unique and different
and full of car dealer education content
automated man twitter systems are NOT your friend
good luck
thx
gina auto mom
800-901-5950
automated man is not your friend
Should You Use a Car-Buying Concierge? 1 comment
Should You Use a Car-Buying Concierge?
Save Time and Money by Hiring a Pro
By Philip Reed, Senior Consumer Advice Editor
Email
Before we were willing to endorse car-buying expert Oren Weintraub, president of Authority Car Buying Specialists, we wanted to put him to the test.
We challenged Weintraub to buy a 2009 Ford Flex Limited for less than we could. We shopped around and got a price of $500 over invoice, which sounded pretty good for a just-released new model. Weintraub found a deal at $1,500 below invoice. This more than paid for the $695 fee he charged for his car-buying concierge services.
After seeing how much money he was able to save us, we decided that Weintraub might know a thing or two that car buyers should hear. So we sat down in a local restaurant and recorded this conversation with the 40-year-old former car dealer.
Edmunds: How did you get into the car business?
Weintraub: One of my best friends was working at a Dodge dealership so I applied for a job there, and I got hired. And I really just fell in love with the business. Later, I spent 12 years working at one of the top dealerships in the U.S.: Vista Ford in Woodland Hills, California.
How did you learn to sell cars?
There was no training. They just gave me a couple of videos to watch about the car and they said, “Go out and sell cars.”
Was the negotiation process difficult to learn?
Very difficult and very uncomfortable in the beginning. I’ve seen hundreds, thousands of people in a negotiation just be completely uncomfortable, because most people are negotiating blind. It’s just a very uncomfortable feeling, and it leaves you wondering, “Did I get a good deal?”
But you must know if it’s a good deal.
We know every single aspect of how dealerships make money.
Why did you leave the dealership?
As the years went by it was hard for me to sit in front of these people who I had such a great rapport with and see them spend more money than they had to.
So it was a crisis of conscience?
It was a major conflict of interest for me.
What can you offer people who use your services?
It’s very time-consuming for people to buy a car. So much is at stake. If you spent $4,000 more on a car that you didn’t have to, where could that money go? I knew that there was a tremendous need for people to have someone like me look out for their best interests.
How much do you charge for your service?
Our fee depends on the price of the car you are buying. And then we have a different service for people who have already shopped and have numbers that want us to improve the deal. In that case we charge a percentage of the amount of money we are able to save you.
Can you give me an example of a deal you worked on recently?
A client was negotiating a deal for a BMW and she didn’t like who she was dealing with at the dealership. She presented us the deal she negotiated, and we saved her over $6,000.
How did you do that?
They had inflated the purchase price and the price of the back-end products she wanted.
What is the difference between what you do and a car broker?
We’re really more like a concierge service since we get the fee from the client. Buying a car is as easy as ordering takeout. You call us, you tell us what you want and it’s done. Most of the time, the car will be delivered to you at your home or office.
Do you recommend having cars delivered to your clients?
Most of the time we can have cars delivered along with the contract for you to sign. We do have clients that either want the experience at the dealership, or some dealerships just won’t deliver. So as part of our process to eliminate any mistakes, we review all contracts so when the client goes there for the golden moment, there are no surprises.
When you were a dealer, did you have much to do with car brokers?
I had dealt with many car brokers at Vista Ford, and I’ve seen many car brokers take advantage of their clients because their commission was not disclosed.
Where do most people go wrong in car deals?
The first place people really go wrong is making an impulse decision. You know, they go to the dealership and fall under the ether of the excitement.
If you’re getting a Camry or an Accord, you’re going to be able to get it pretty much at invoice or sometimes less.
We’re always trying to beat the invoice.
If a person has a trade-in, how do you handle that?
We negotiate the trade-in value with the dealership, but we also have our own buyers for trades and we negotiate with them as well. Some people are hot for the car, some are not. So we really find who wants the car — we shop it for them. We find who’s going to pay top dollar for the car.
How many employees do you have?
I have two in-house and I have three wholesalers [people who buy from private parties and sell to auctions or dealerships] that work with me. And every dealership in the United States is really…not my employee, but they work for me, because I can control where the deal goes most of the time.
Are you working deals yourself?
Yes. My client services manager and I are working deals every day. I’m really on call 24/7, because work is always on my mind. I’m talking to clients on the weekends and in the evening, but it’s from my house or wherever I am. And I have to tell you, I’m the happiest I’ve ever been in my life, with being able to create this business where I could genuinely help people.
Anyone wanting help with car buying can easily find car brokers with a quick search of the Internet yellow pages. Car-buying concierge services, such as the one discussed here, are less common but a growing trend. Using the Internet to search will tell you if such a service exists in your area. Anyone wishing to contact Weintraub can easily e-mail him through his Web site.
Related articles:
Using a Car Broker to Buy Your Next Vehicle
tesla may be making an IPO move very soon no comments
Electric-car maker
Tesla preparing IPO
U.S. electric-car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.
An IPO filing from the 6-year-old start-up, best known for its $109,000 all-electric Roadster, is expected any day, said one of the sources. The person did not give a specific time frame, although IPOs typically take several months.
Tesla spokesman Ricardo Reyes declined to comment on what he called “rumor or speculation.”
Tesla Model S
(Credit: Caroline McCarthy/CNET)
Tesla would mark the first public offering from a U.S. automaker since Henry Ford’s Ford Motor debuted its shares in 1956. The IPO represents a landmark in the resurgence of electric-car technology that most carmakers had dismissed as impractical until recently.
The company’s chairman Elon Musk said early last year that an IPO was a possibility in either late 2008 or 2009.
But the financial market turmoil following the collapse of Lehman Bros. in the latter half of 2008 virtually shut down the IPO market. The appetite for IPOs has picked up since mid-September this year with a robust pace of new filings.
Tesla’s IPO would follow the successful debut of lithium ion battery maker A123 Systems, whose shares rallied 50 percent on their first day of trading on September 25.
Analysts have said that the success of A123, the first green-technology IPO this year, would encourage more venture capital-backed green companies to go public.
Tesla will compete with established automakers like Ford, General Motors, and Nissan Motor, all of which are racing to launch electric or plug-in hybrid vehicles. Tesla, by contrast, is a small player with a high-end market and limited production.
A combination of factors has driven the recent interest in developing electric, or partially electric vehicles, including the Obama administration’s push to have 1 million rechargeable vehicles on U.S. roads by 2015 and low-cost Department of Energy loans for manufacturers.
Venture funds back green cars
The carmaker is developing a second, lower-cost model, an electric sedan known as the Model S, which will have a base price of $49,900.
Tesla said in September it delivered 700 Roadsters since February 2008. The Roadster, which is built on a Lotus frame, can go from 0 to 60 miles an hour in less than four seconds, making it faster than a Porsche 911 or a Ferrari Spider.
The electric-car start-up was offered $465 million in low-cost loans by the U.S. Department of Energy to help build the new Model S. Tesla said it will build the new car in California.
Tesla’s investors include Google co-founders Sergey Brin and Larry Page.
Other investors include Daimler; Abu Dhabi-based Aabar Investments, which owns a stake in Daimler; and venture capital funds Valor Equity Partners, Technology Partners, The Westly Group, and Compass Venture Partners.
Tesla said it had achieved overall corporate profitability in July with about $1 million of earnings on revenue of $20 million.
But like established automakers, survival in the hyper-competitive U.S. automotive market has not been easy for Tesla. The company had to face cost overruns and production delays for the Roadster.
http://news.cnet.com/8301-11128_3-10402752-54.html
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california dmv autobrokering rules from the dmv dealer handbook 4 comments
from the dmv dealer handbook:
18.110Autobrokers (VC §§166, 232.5, and 285)
Autobroker (VC §§166 and 285)—An “autobroker” or “auto buying service” is a dealer who engages in the business of brokering as defined in VC §232.5.
Brokering Defined (VC §232.5)—“Brokering” is an arrangement under which a dealer, for a fee or other consideration, regardless of the form or time of payment, provides or offers to provide the service of arranging, negotiating, assisting, or effectuating the purchase of a new or used motor vehicle, not owned by the dealer, for another or others.
An autobroker must:
•Register with the department prior to acting as an autobroker. A fee is required.
•Follow particular requirements when brokering a transaction.
•Execute a brokering agreement and provide a copy to the:
—consumer prior to signing a purchase agreement or prior to the autobroker accepting $100 or more from the consumer, whichever occurs first.
—selling dealer prior to that dealer entering into a purchase agreement with the consumer.
•Maintain a copy of the executed brokering agreement and other notices and documents related to each brokered transaction for three years.
•Complete and maintain a log of transactions for three years. (VC §§11735, 11736)
The autobroker log must contain the vehicle identification number (VIN), date of the brokering agreement, name of the consumer, the selling dealer’s name and dealer number, and the autobroker’s name and dealer number for each brokered vehicle. The log remains the property of the department and must be available for inspection at any time.
•Not act as the seller and provide brokering services in the same transaction.
The auto-brokering law specifies requirements for advertising and accepting purchase deposits and prohibits the display of a new motor vehicle at the business premises of another dealer registered as an autobroker. All autobroker applicants must first be licensed as a dealer. The autobroker registration expires at the same time as the dealer license.
NOTE: An autobroker registration application may be made in conjunction with an application for a dealer license.
Brokering Agreement: Form and Contents
11738. The brokering agreement required by Section 11736 shall be printed in no smaller than 10-point type and shall contain not less than the following terms, conditions, requirements, and disclosures:
(a) The name, address, license number, and telephone number of the autobroker.
(b) A complete description, including line-make, model, year model, and color, of the vehicle and the desired options.
(c) The following statement:
“The following information shall be completed prior to the signing of this brokering agreement:
Dollar Purchase Price of Vehicle: ______.
Date this agreement will expire if a purchase agreement from a selling dealer is not presented for your signature: __________.
Fee that you will be obligated to pay us, if any: __________.”
(d) One of the following notices, as appropriate, printed in at least 10-point bold type and placed immediately below the statement required by subdivision (c):
(1) “We do not receive a fee from the selling dealer.” (2) “We receive a fee from the selling dealer.”
(e) The following notice on the face of the brokering agreement with a heading in at least 14-point bold type and the text in at least 10-point bold type, circumscribed by a line, that reads as follows:
NOTICE
This is an agreement to provide services; it is not an agreement for the purchase of a vehicle. California law gives you the following rights and protection:
Once you have signed this agreement, you have the right to cancel it and receive a full refund of any money paid, including any brokerage fee you may have paid, under any of the following circumstances:
(1) The final price of the vehicle exceeds the purchase price listed above.
(2) The vehicle is not as described above upon delivery.
(3) This agreement expires prior to your being presented with a selling dealer’s purchase agreement.
If you have paid a purchase deposit, you have the right to receive a refund of that deposit at any time prior to your signing a vehicle purchase agreement with a selling dealer. Purchase deposits are limited by law to no more than 2.5 percent of the purchase price of a vehicle and must be deposited by an autobroker or auto buying service in a federally insured trust account. If you are unable to resolve a dispute with your autobroker or auto buying service, please contact an investigator of the Department of Motor Vehicles.
(f) The date the agreement is executed.
(g) The signature of the autobroker and consumer.
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if you have a knack for customer service
consider becoming a licensed autobroker
with the california dmv
our car dealer education class is the first step to
an autobroker endorsement with the california dmv
the broker endorsement on your car dealer license
allows you to collect a fee when you assist a
car buyer with a vehicle purchase
from any licensed dealer ( new or used vehicles )
as a matter of fact, licensed brokers
are the only licensed entity
allowed to make a vehicle delivery
direct to the buyer at their home, workplace or office
The concept behind hiring an auto broker is relatively simple:
you’re not a professional car buyer, so why go up against a professional car seller alone?
With the confusion of financing, fees, add-ons, taxes and the hurried, jargon-filled nature of the dealership, it only makes sense to leave the bargaining to someone who won’t be fazed by the wheeling and dealing.
Fees for these services can start at $200 and can go as high as $1,000 normally, based on the car you’re brokering and whether it is a new or used model. Used cars and rare cars tend to carry a higher fee since it takes more legwork to locate a good deal; although, you’ll likely see an even deeper discount from the buyers best walkin price thanks to regional differences in used car prices.
learn how to become a
licensed california autobroker
with our one day class
prices start as low as $ 100.
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california dmv autobroker handbook information
http://www.dmv.ca.gov/pubs/reg_hdbk_pdf/ch18.pdf
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car dealer blog
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red flag rules identity theft tutorial
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car buyer bill of rights tutorial
http://www.carbuyerbillofrights.com
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california dmv licensed salesperson training
http://www.licensedsalesperson.com
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car dealer bond quote overnight
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california dmv attorney
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broker forms and retail dmv paperwork
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WE MAKE IT SIMPLE FOR YOU
successful auto brokering is all about good car dealer education
800-901-5950
good luck
charlotte
good car dealer education is the key to dealer success
breaking FTC news for car dealers ++ red flag rules deadline moved to june 1, 2010 1 comment
FTC Extends Enforcement Deadline for Identity Theft Red Flags Rule
At the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the “Red Flags” Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC.
CAR DEALERS WILL HAVE UNTIL JUNE 1, 2010
TO MEET RED FLAG RULES COMPLIANCE
The Rule was promulgated under the Fair and Accurate Credit Transactions Act, in which Congress directed the Commission and other agencies to develop regulations requiring “creditors” and “financial institutions” to address the risk of identity theft. The resulting Red Flags Rule requires all such entities that have “covered accounts” to develop and implement written identity theft prevention programs to help identify, detect, and respond to patterns, practices, or specific activities – known as “red flags” – that could indicate identity theft.<br>
The Commission previously delayed the enforcement of the Rule for entities under its jurisdiction until November 1, 2009. The Commission staff has continued to provide guidance to entities within its jurisdiction, both through materials posted on the dedicated Red Flags Rule Web site (www.ftc.gov/redflagsrule), and in speeches and participation in seminars, conferences and other training events to numerous groups. The Commission also published a compliance guide for business, and created a template that enables low risk entities to create an identity theft program with an easy-to-use online form. FTC staff has published numerous general and industry-specific articles, released a video explaining the Rule, and continues to respond to inquiries from the public. To assist further with compliance, FTC staff has worked with a number of trade associations that have chosen to develop model policies or specialized guidance for their members.
On October 30, 2009, the U.S. District Court for the District of Columbia ruled that the FTC may not apply the Red Flags Rule to attorneys. Today’s announcement that the Commission will delay enforcement of the Rule until June 1, 2010, does not affect the separate timeline of that proceeding and any possible appeals. Nor does it affect other federal agencies’ ongoing enforcement for financial institutions and creditors subject to their oversight.
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 1,700 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s Web site provides free information on a variety of consumer topics.
MEDIA CONTACT:
Office of Public Affairs
202-326-2180
http://www.ftc.gov/opa/2009/10/redflags.shtm
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dmv certified car dealer education
we make it simple for you
charlotte
800-901-5950
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car dealer education websites:
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we make it simple for you ++ red flag rules consumer notice
did reggie delay the FTC redflag rules until june 2010 ??? no comments
ABA wins key ‘red flags’ ruling
Posted: 4:21 pm Thu, October 29, 2009
By admin
WASHINGTON – In a surprise ruling Thursday, a federal district court blocked the Federal Trade Commission from enforcing ‘red flags’ identify fraud regulations against lawyers.
Under the rules, created by the Federal Trace Commission and set to be enforced as of Sunday, Nov. 1, businesses that accept deferred payments from clients must create written policies outlining how they will prevent, detect and address identity fraud.
The American Bar Association sued the agency, claiming that it exceeded its authority by imposing the regulations on attorneys outside of the financial sector, and that the regulations would pose an undue burden on attorneys. The FTC contended that under the Fair and Accurate Credit Transactions Act, attorneys who accept deferred payments from clients are creditors.
The group later moved for partial summary judgment, asking the U.S. District Court for the District of Columbia to hold that the regulation is inapplicable to attorneys engaged in the practice of law.
The court held a hearing on the summary judgment motion Thursday and Judge Reggie Walton granted the ABA’s request from the bench, holding that Congress did not intend for lawyers to be considered “creditors” under the Act.
“This ruling is an important victory for American lawyers and the clients we serve,” said ABA President Carolyn B. Lamm. “By voiding the FTC’s interpretation of a statute that was clearly not intended to apply to the legal profession, the court has ensured that lawyers stay focused on the mission of their work: providing aid and counsel to the individuals and organizations that need us.”
The FTC can appeal the ruling.
Kimberly Atkins writes for Lawyers USA, a sister publication of The Daily Record.
who runs the redflag rules and the FTC ??? no comments
Federal Trade Commission
- 600 Pennsylvania Avenue, N.W.
- Washington, DC 20580
- (202) 326-2222
- www.ftc.gov/
Annual Revenue: N/A
About Federal Trade Commission
The FTC deals with issues that touch the economic lives of most Americans. In fact, the agency has a long tradition of maintaining a competitive marketplace for both consumers and businesses. When the FTC was created in 1914, its purpose was to prevent unfair methods of competition in commerce as part of the battle to “bust the trusts.” Over the years, Congress passed additional laws giving the agency greater authority to police anticompetitive practices.
Federal Trade Commission Executives
- Thomas B Pahl [Assistant Director]
- Abraham R Liboff [Consultant]
- Anthony L. Young
- Charles A. Samuels
- Christina Poturica
