OFFICIAL PUBLICATION OF THE KENTUCKY AUTOMOBILE DEALERS ASSOCIATION

Pub. 3 2023 Issue 1

KADA 2023 Important Dates to Remember

KADA EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS MEETINGS May 8-10 Gaylord Opryland Resort & Convention Center, Nashville, TNExecutive Committee Retreat June 22 The Greenbrier, White Sulphur Springs, WVSummer Board of Directors Meeting November 9 Frankfort Country ClubExecutive Committee & Board Meetings: Schedule & Agenda TBA KADA ANNUAL CONVENTION June 19-22 The Greenbrier, White Sulphur Springs,

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The Great Retention: Tips to Retain Your Employees In 2023

Over the past year, and largely fueled by the pandemic, the term “Great Resignation” has become all too familiar with employers as well as the headache of employee turnover. According to the U.S. Bureau of Labor Statistics, approximately 38.6 million resignations occurred between January and September 2022, and the number of employees quitting has remained

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How Automotive Digital Retailing Can Affect Your Dealership

Digital retailing makes it easier and more exciting for customers to shop for cars. The physical and digital processes of buying a car are merged into one seamless experience for the customer, creating more engagement and more sales with the dealership. What is Automotive Digital Retailing? In the early 2000s, customers would visit, on average,

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Over-Sharing in the Workplace? Why Your Company May Need a TikTok and BeReal Policy

By now, many of us have seen a TikTok video filmed at someone’s workplace — a “day in the life” video, someone complaining about their coworkers, supervisors, or customers, or someone talking about an unrelated subject while at the office. And a relatively new platform, BeReal, goes a step further by encouraging users to provide

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Planning for Dealership Succession: Dividing Multiple Dealerships Amongst Family

Middle-market business transitions are rarely simple, and family dealership transitions are among the most complex. Typically, a dealership begins after one family member opens a dealership and then decides to add more over time. Indeed, successful dealers say the best way to expand wealth in the industry is to increase the number of dealerships held.

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A Delay in the Safeguards Rule, But Dealers Should Not Wait

In this article, we discuss the Federal Trade Commission’s (FTC) delay of the effective date of the revised Safeguards Rule (“Rule”) and its practical impact on your dealerships. We will then explain why you should not wait to implement data protection and cybersecurity safeguards at your dealership because the FTC will still come after you

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