July 31, 2024

In the auto industry, there is a gap between the number of women in leadership and those who buy cars. Maintaining that discrepancy is risky because it shows a lack of innovation when serving the market.

As an LA native and managing director at Haig Partners, I am thrilled to contribute to this edition of the Greater Los Angeles New Car Dealer Association (GLANCDA) newsletter. Haig Partners has facilitated the purchase or sale of over 580 dealerships, including 60 in California and 28 that qualify for the Automotive News Top 150 list, with an industry transaction value exceeding $11 billion.

Are you 100% sure your dealership is fully compliant and not at risk for significant penalties and fines? Compliance is a constantly moving target and the penalties associated with non compliance are very significant. When was the last time your dealership had a compliance audit?

This article covers some general concepts about managing dealership vendor agreements and provides suggestions on areas to cover when negotiating these agreements.

The Greater Los Angeles New Car Dealers Association (GLANCDA) hosted several notable events this past spring, drawing significant participation from the local automotive community. Highlighting the season was a
two-part high school automotive student technician competition, which saw 18 high schools from across Los Angeles County compete.