A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on

 
CONTINUE READING
A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on
Convention details
                                                                                      start on Page 16

A Dealer Management
System is more than
software; it's the foundation
for your dealership.
                                JUNE 2021

                                                                                        ALER | 1
                                            J U N E 2 0 2 1 | I N D E P E N D E N T D Ewww.FIADA.com
A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on
COMING SOON

      Dealer Dealer                  to
                     a podcast presented by the
      Join host Jason March as he interviews guests and discusses
      topics important to used car dealers in Florida and beyond.
      Stay tuned for more details on this
      upcoming podcast

2 | INDEPENDENT DEALER | JUNE 2021
A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on
JUNE 2021    | CONTENTS
                                                For members of the Florida Independent Automobile Dealers Association

                                                    Facebook
                                                    Friends
MAILING ADDRESS 1840 Fiddler Court                  Have you "liked" the
                Tallahassee, FL 32308               FIADA Facebook
TELEPHONE            (850) 385-2712                 page? It's a great
                     (800) 237-0448                 way to stay up-to-
FAX                  (850) 385-3251                 date in between
WEBSITE              www.FIADA.com                  magazine issues. We
                                                    posted this video
                                                    from President Jason
EXECUTIVE COMMITTEE
Jason March       President
                                                    March to invite
Chris Ellis       Senior Vice President             dealers to the last
Jim Winterick, Sr Chairman of the Board             Town Hall meeting.
Dexter Beard         Secretary
Luis Giraldo         Treasurer
Ejola Cook           Regional Vice President
John Giasullo        Regional Vice President     FEATU RES
Brad Joel            Regional Vice President

                                                12      | Selecting the Right DMS
FIADA STAFF
Lisette Mariner, CAE Executive Director
                                                 Ask the right questions when comparing Dealer Management
Terry Myers          Director of Development     System choices to make the right choice for you.
                     & Education
Julia Rooney         Membership Manager
                                                24      | Evolution of the DMS
Savannah Calhoun Administrative Assistant
                                                		         The used car industry is always changing, and your DMS
Christy Taylor       Editorial/Advertising
                                                           should be able to adapt with it.
              POSTMASTER:
        Send address changes to                 26      | Online Video vs. Television
         FIADA • 1840 Fiddler Court
           Tallahassee, FL 32308
                                                		         Video is still one of the most effective ways to reach customers
 (850) 385-2712 • Call/Text: (800) 237-0448                and today's choices are more cost-effective than ever.
   Fax (850) 385-3251 • www.FIADA.com
                                                28      | Consumer Complaints on the Rise
The Independent Dealer is a publication of:
                                                		         The CFPB released its Annual Complaint Report and has a lot
              Florida Independent Automobile               of information of interest to used car dealers.
              Dealers Association
              1840 Fiddler Court
              Tallahassee, FL 32308

The magazine is published every month in
                                                 DEPA RT MEN T S
Tallahassee and distributed to Florida new,
used, wholesale and lease/retail car dealers.   4     President’s Message              8   Back to Basics
Advertising rates are available upon request.         Jason March                          Terry Myers
The statements and opinions expressed
herein are those of the individual authors
                                                6     Executive Director’s             10 Membership News
and do not necessarily represent the views            Message
of Independent Dealer or the Association.                                              15 Reader Survey
                                                      Lisette Mariner, CAE
Likewise, the appearance of advertisers, or
                                                                                       23 HR Advisor
their identification as members of FIADA,       7     PAC Contributors
does not constitute an endorsement of the                                              30 Industry News
products or services featured.

                                                                         JUNE 2021 | INDEPENDENT DEALER | 3
A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on
PRESIDENT’S MESSAGE

    Are You Delivering?
    Let the voice of the customer define your value proposition.                         |   BY JASON MARCH

               The Oxford dictionary defines                             of the customer wanting you to include a fourth
               Order Winning Criteria as the characteristics of          dimension, cost. Or the customer is asking for you to
               a product or service that are most important in           arrange transport for out of state delivery, this would
               deciding whether or not a customer will make a            be an example of the customer asking you to offer the
                                                                         dimension of customization.
               purchase. These are the characteristics that positively
               differentiate a particular product from similar
                                                                         Now a days, most independent dealers have set up
               products in the market. Clearly order-winning             their operation to deliver three dimensions. Our
               criteria vary from customer to customer.                  dealership has always tried to hit the dimensions
                                                                         of quality, speed and flexibility. We try and buy a
               OWC (order winning criteria) include things like:         gently-used vehicle with one to three owners. We try
               cost, quality, speed, flexibility (customization),        to stay away from vehicles with heavy rust or major
               innovation and information. Historically, dealers         body damage, and recon the vehicle at our shop both
               would choose one or two of these dimensions in                                 cosmetically and mechanically
               which to compete. It                                                           in order to fulfill our first
               reminds me of the old                                                          dimension; quality.
               shop sign that says,
               "we do three types of                                                          Speed is our second dimension.
               jobs."                                                                         We aim to have our customer
                                                                                              in and out of the dealership in
            In reality, our current                                                           no more than two hours. The
            customer is asking us                                                             majority of the time we are able
            to deliver AT LEAST                                                               to accomplish this goal due to
                     three of these                                                           the in-house financing that we
                     dimensions.                                                              offer. This can be a struggle for
                     Let me paint                                                             other dealerships that depend on
                     a picture, The                                                           bank approvals.
                     customer sees
                     a vehicle you have advertised on Facebook-          Our third dimension is flexibility. Being a Buy
                     one owner, clean Carfax, good miles, great          Here-Pay Here, we are able to structure a loan with
                     shape. You are advertising that you can take        a customer who may be self-employed or have
                     the customer's info over the phone and set          troubled credit. With the ability to customize a
                     the whole deal up over email, text and photos       deal term to fit the customer's specific situation, we
  JASON MARCH
                     so the customer spends the least bit of time        feel that this is an important part of our customer
FIADA PRESIDENT
                     possible at the dealership.                         offering.
                     You are delivering three dimensions: quality,
            innovation and speed. Quality being that the vehicle         When delivered well, we feel these three dimensions
            you are selling is in great condition. Innovation is         are enough to satisfy our customer's expectations.
            found in the ability to process the main parts of            For decades, three dimensions were all you needed to
            the deal digitally and speed with the customer not           keep an upstanding reputation in the area and a loyal
            having to spend hours in your showroom.                      customer following. Socrates said, Better do a little
                                                                         well, than a great deal badly.
               Let's say in this example, a customer contacts you
               and wants you to sell the vehicle for $1,500 under        Many franchise Dealers are advertising an online
               your advertised price. This would be an example           financing process, home delivery and a price that is

    4 | INDEPENDENT DEALER | JUNE 2021
A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on
at or below market value. This is an example of cost, speed                                                                             when it comes to the world of ancillary products.
and information.                                                                                                                        They have the selection of color, mileage and trim package
                                                                                                                                        on specific models due to the vast inventory that these
Maybe your market is selling high line, luxury vehicles.                                                                                online retailers have. They also have multiple financing
The dimensions you are providing are cost, quality and                                                                                  options for customers with varying levels of credit.
flexibility. Your vehicle price competitive, you have a
capable, well equipped service department and you are able                                                                              If you look at the reviews for Carvana and Vroom, they
to provide a loaner car if the customer brings the vehicle in                                                                           are not that impressive. Average reviews, less than a 4-star
for service.                                                                                                                            rating in certain cities. My brother-in-law almost bought a
                                                                                                                                        truck from Carvana but toward the end of the transaction,
Offering a fourth dimension can be a challenge.                                                                                         he learned the truck was not going to be delivered for at
The nation is watching Carvana, Vroom and others try and                                                                                least three weeks. Delayed delivery of more than three
hit multiple dimensions within our business to capture a                                                                                weeks can be a challenge that money alone can't fix. I
piece of the market. Carmax and Autonation are also two                                                                                 believe there must be great planning, training, preparation
large retailers that are attempting to go above and beyond                                                                              and follow through. Sometimes, you may even have to look
the traditional dealership offering. Home delivery and                                                                                  at your operation and reconsider what dimensions you are
online document signatures were accelerated by Covid.                                                                                   attempting to offer.
Now you can have 55 pictures to view, three videos, a 7-day
test drive, the ability to shop for the lowest price, get the car                                                                       Understanding your Order Winning Criteria can help
delivered, fill out the documents online, and request every                                                                             dealerships cut down on time and energy spent working
piece of information about the vehicle - Carfax, Autocheck,                                                                             on things that do not align. Looking at your online reviews
factory window sticker and warranty info.                                                                                               and talking with your customers can be a great way to
                                                                                                                                        determine what you do well and the dimensions that you
Customers can have the option of choosing between                                                                                       can improve on. Listen to the voice of YOUR customer. We
several service contracts, gap contracts, tire and wheel, key                                                                           can't be everything to everyone.
replacement, paint protection, glass protection and more

                                                             HARNESS THE POWER OF OUR DMS PLATFORM
                                                             Monitor Inventory Instant Approvals     Prompt      Full Spectrum   Competitive     Aggressive   Flexible       Local              Training
                                                             & Sales Process          24/7         ACH Funding     Financing       Rates         Advances      Terms     Branch Offices        & Support
© 2021 Lobel Financial. All rights reserved. Member NIADA.

                                                                                           MANAGE YOUR DEALERSHIP
                                                                                                                                                                                                           PAID ADVERTISING

                                                                    THE PROGRAMS ARE OURS                                                                     THE BENEFITS ARE YOURS

                                                                                         www.lobelfinancial.com │ 800.871.8051 │ ds@lobelfinancial.com
                                                     263087-Lobel Harness the Power7.367x4.811.indd 1                                                                                     11/5/2020 10:26:46 AM

                                                                                                                                               JUNE 2021 | INDEPENDENT DEALER | 5
A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on
EXECUTIVE DIRECTOR’S MESSAGE

What Do I Get For the Money?
Understanding the value of your FIADA membership.                         |   BY LISETTE MARINER, CAE

            Nearly every day I hear about                           have ever paid "billable" hours to an attorney then
            costs going up on daily necessities. The cyber-         you know what a savings this is. Not to mention,
            hijacking of the pipeline will increase the cost of     the value of having assistance from experts who
            gas. The truck driver shortage will increase the cost   focus on the auto sales industry.
            of deliveries. I even heard yesterday that chlorine
            tablets are going to go up because of a fire at a       Beyond these benefits, there are others that maybe
            production plant in Louisianna. The point is, the       you can't put a dollar amount on per se, but are
            cost of living is increasing and for most of us,        invaluable. FIADA is your "seat at the table" in
            incomes are not.                                        Tallahassee, and through our partnership with
                                                                    NIADA, in Washington. Politics aren't for everyone,
            Simple math tells you that means that everyone          but like it or not that is the world we live in. So
            will be looking at their expenses a little closer and   often laws get written, or vetoed, mostly because
            deciding where their money will be best spent.          of "who you know." With our state headquarters
            While FIADA membership is a relatively modest           positioned in Tallahassee and our full-time lobbyist
            investment (and, I'll add FIADA/NIADA dues have         Sandra Mortham representing us at The Capitol,
            remained the same since 2013), compared to other        the FIADA has built connections with influential
            trade associations, it is still an expense that needs   lawmakers and has a listening ear with the state
            justifying and I hope that I can do that for you.       regulatory agencies that govern your business. Yes,
                                                                    non-members may enjoy the indirect benefits of
         Let's start with the tangible benefits. The things that    these relationships when legislation is passed or
         you get with your membership that you can see,             vetoed, but you get the full-benefit of having a place
         touch and put a monetary value on. This magazine           to call when you need help.
         is one of them. We send this magazine to members
         every month and fill it with information that can          Another priceless benefit of membership is the
                  better your business and your bottom line.        networking and camaraderie of members. It is
                  We also follow-up the magazine with our           unbelievably helpful to "know a guy" that can help
                  E-newsletter, that provides you direct links      you with any situation. FIADA is that link. Between
                  for the printed stories as well as timely         our dealer members and our associate members, we
                  between-issue info. The FIADA Coupon              can connect you with anything and everything you
                  Program offers over $6,000 of savings on          need to run your business well. We have done the
                  products and services for independent             legwork, the vetting and sometimes the negotiating
                             dealers. FIADA members receive         for you to create a network of businesses and
LISETTE MARINER, CAE complimentary (FREE) training                  providers who are reputable and willing to help.
EXECUTIVE DIRECTOR           at FIADA.com. We published a list      Let's also not forget how important it is to be able
                             of over a dozen courses currently      to talk with other dealers, just like you, having
         ready to view and are adding more all the time.            problems, just like you, and brainstorming together
         The online courses and webinars are in addition to         ways to solve them and make it happen. It makes
         the other free resources available to download at          me proud to watch our members talk with each
         FIADA.com like various federal compliance guides           other at our meetings and events and see them
         and forms.                                                 enjoy helping and learning together.

            Members also can call the FIADA office at               So, what do you get for your money? All of this and
            800.237.0448 and get help with compliance               so much more.
            questions from the FIADA General Counsel. If you

6 | INDEPENDENT DEALER | JUNE 2021
A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on
thank you pac donors!
                                           The FIADA PAC has a year-end goal of $30,000. Current donations total $8,030.00,
                                           which is only 27% of the goal. Join the list of other dealers who have already
                                           contributed, and help move the needle forward!

    Auto Dealers Wholesale                                     Melbourne Inc.                                  Speedway Auto Sales
B&A Auto Sales of Central Florida                              NewGen Motors                                    Steve's Auto Repair
     BNM Enterprises, LLC                                  Next Generation Motors                             Streetside Classic Cars
           Car Credits                                    Peak Performance Team                           The Guaranteed Best Choice Inc
            CarBucks                                         Premier Motor Cars                             Unique Cars Of Palm Beach
             Carpay                                       Premier Truck Center LLC                              Vans Cars & Trucks
  Charles A Krblich, PA, CPAs
       CKC Auto Haus LLC
        Drive Nation USA
       Ferco Motors Corp
      Fleet Lease Disposal
   Florida Auto Dealer School
   Florida Auto Exchange Co.
           Gas Buggies
    GoldStar by Spireon Inc.
   GWC Warranty Corporation
        Haims Motors Inc
          J-Linn Motors
        Maher Chevrolet
       Miami Auto Broker
  Michael's Auto Sales of West

 PAC CONTRIBUTION INFORMATION Mail this form with payment to 1840 Fiddler Court • Tallahassee, FL 32308
 Contributor’s Name:____________________________________Dealership/Company:_____________________________________

 Street Address, City, State, Zip:________________________________________________________________________________

 q   Check (payable to FIADA-PAC)               q   Credit Card (one time contribution)       q   Monthly Credit Card Contribution (until cancel)

 q   $500       q   $250     q      $100        q   $50          q   $25       q   $________

 Credit Card Information:    q      Visa        q   MasterCard         q   American Express        q   Discover

 Name on Card:_______________________________________Card Number:___________________________________________

 Exp. Date:___________________              Sec Code:___________________           Billing Phone:___________________________________

 Billing Address:_____________________________________                     Authorized Signature:_____________________________________

                      you can also make a PAC CONTRIBUTION online at www.fiada.com/pac

                                                                                 JUNE 2021 | INDEPENDENT DEALER | 7
A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on
BACK TO BASICS

What Do the Letters DMS Mean to You?
Understanding what a DMS is and does can help you use it better. |                                                BY TERRY MYERS

           The acronym DMS can represent                              These systems can be and are valuable tools to
           different things to different people. DMS could            train and review with employees. Place into their
           stand for the Division of Motorist Services, the           employment folders as proof of training.
           agency tasked with licensing, educating, and               Should you discover a system you need to improve
           overseeing the activities of Florida licensed dealers.     upon, you may want to investigate the many
                                                                      training tools currently available on the FIADA
           It can also mean Dealer Management Software,               website.
           which is a valuable tool(s) designed to help the
           dealer find the right car and put it together with         When you have a Dealer Management System
           the right customer for the right amount of money.          that works, and you train your employees to use it
           It also helps the dealer answer the right questions        properly, everybody wins!
           into the right documents so that transactions take
           place when, where and how they are mandated to             Not to be confused with a DMS, the DMH can also
           do so. When someone from the DMS (Division of              help your business. DMH in this case stands for
           Motorist Services), or other governing agency has          Dealer Money Hour, the monthly webinar I host
           questions, it helps the dealer produce the desired         at www.FIADA.com. This month's topic is "Lien
           answers.                                                   Sale Piracy: Protecting Your Dealership's Vehicle
                                                                      Investment." My guest will be Bankruptcy Attorney
           DMS, is also the Dealer Management System,                 Dennis LeVine. If you want to learn about your
           and provides the what, when, why and how do I              rights, actions to take and when to take them when
           duplicate it if it provides a good result. In this case,   it comes to bankruptcy, then go to www.FIADA.
           the DMS can help make the dealer money!                    com/webinars and register now.

            Properly established and constantly fine-                 Need experienced eyes to help you see into today’s
            tuned by the dealer of a successfully operated            future? Call the association at (800) 237-0448 and
            business, the Dealer’s Management System                  ask for Lisette. Connect with someone who has
            helps the dealer identify: What is producing              expertise in the area(s) you would like to learn
            the desired results now and into the                      more about. She can help connect you with me, an
            future. When did it happen and do I see it                FIADA dealer member or a relevant vendor. FIADA
            continuing to happen in the near term, long               members also have access to an industry attorney
            term, and/or certain times of the year? Why               for answers and/or directions the dealer may need
TERRY MYERS                                                           to pursue.
            did this desired result happen? How do I
EDUCATIONAL
            prepare ahead of time to duplicate it?
INSTRUCTOR                                                            If you are not yet a FIADA member, what are you
           Which DMS (Dealer Management System) does                  waiting for? Go to www.fiada.com.
           your dealership have in place to help produce the
                                                                      Articles are the opinion of the author and are not intended to be
           legal elements required to meet the needs of the
                                                                      legal or accounting advice. The intent is to share thoughts and
           customer, the vendors, the business, DMS (Division         concepts that help the business owner(s) find new and perhaps
           of Motorist Services), and other applicable                revisit, ways to be as successful as they are capable of being. Terry
           governing entities? Review the sample checklist on         can be reached at (727) 804-7375. Email: TMyers@FIADA.com.
           page 9 to verify which DMS you have in place and           Feedback is appreciated and encouraged. Terry L Myers, FIADA
                                                                      Director of Education and Development.
           which might you still need to incorporate.

8 | INDEPENDENT DEALER | JUNE 2021
A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on
Sample DMS Checklist
Can You Answer Yes to the Questions Below?                       Yes   No Potential Sanctions/Fines/Penalties if No
Do you have the NEW 2018 FTC BUYER’S GUIDE displayed                      $1,000/each to $46,000+/each
on EVERY QUALIFIED used vehicle?
Do you make each customer of a ‘qualified’ vehicle aware                    $1,000/day to $10,000
they may redirect $105, or a lower qualified amount, to the
HOPE SCHOLARSHIP fund?
Are you transferring ownership within the required 30-days?                 $1,000/each
Are you collecting, electronically reporting and remitting sales            $0.00 collection allowance, + Taxes, + Penalties, +
tax by the end of the business day prior to the 20th?                       Interest
Are you checking each customer against the SDN list to                      Million$$$ in fines, Loss of assets business &
obtain permission of how to proceed?                                        personal, + too many years in jail
Are you following state and federal Repossession laws?                      Court Fines & Attorney Fees
Do you obtain HSMV 84061 for customers who do their own                     $1,000/each
Title & Registration in another state or country?
Do you obtain a copy of the customer’s completed DOR-123                    Taxes, penalties & interest on what was not exempt
as proof you had a right to charge at that state’s rate?                    without the DR-123
Do you provide and obtain a signed Pollution Control                        $1,000/each
statement to retail customers and a signed one for the file?
Do you have a Motor Vehicle Retail Installment Seller license               $500/each unlicensed transaction
and remember to renew it each even year December?
Are you paying off liens of trade-ins within the required 10                Sanctions/Fines, Court Costs, Attorney Fees, Jail
business days, as per f.s.319.24 (5)(a)?
Are you carrying forward all Brands of acquired vehicles                    Reimburse customer for Major Repairs, Principal,
to the retail customer on HSMV 82040 and providing the                      Interest (or) your bonding company
required Affidavit they signed acknowledging the brand?
Are you reporting qualifying Cash or Cash Equivalent                        $25,000/each non-reported qualifying event
Transactions to the IRS on IRS 8300, with a Copy to the
Florida DOR and a letter to the customer within the required
time frames?
When you advertise a vehicle for sale, is it in one of your                 $1,000/each
Designated Display slots?
Do you take a Tax Credit for qualified Repossessed Vehicles                 Credits may only be applied within 12-months of the
on the DR-95B within the allowable time frame or lose that                  qualifying event
benefit?
Are you able to timely produce records of all retail and                    $1,000/each
wholesale transactions within the last 5-years when asked in
an audit?
Do you dispose of private information as required by the                    $46,000/each
Federal Disposal Rule?
Do you have Bills-of-Sale and required Odometer Statements                  $1,000/each
for every vehicle purchased and sold?
Are you aware of the 10-year/20-year EXEMPT rules for                       You, your business and more
Odometers as of January 1, 2021?
Do you always know what your 1099 and W-4 Employees                         Your entire business and more
are doing under your authority?

                                                                       JUNE 2021 | INDEPENDENT DEALER | 9
A Dealer Management System is more than software; it's the foundation for your dealership - Convention details start on
MEMBERSHIP NEWS                                                                                                      MAY 2021

N EW ME MB E RS

ALPHA AUTO TRADER LLC                      PEAK PERFORMANCE TEAM                       US AUTO CREDIT
Tampa, FL                                  Surfside, SC                                Jacksonville, FL
Ziya Tuncer                                Danny Delich                                Sean Dall
Sponsor: FIADA                             Sponsor: Julia Rooney                       Sponsor: FIADA

BAUTISTA AUTO SALES & REPAIR INC.          PRIME LEASING & SALES LLC                   VINTAGE MOTORS OF SARASOTA
Winter Haven, FL                           Winter Garden, FL                           Sarasota, FL
Loretta Bailey                             Sixto Vargas                                Blake Godbey
Sponsor: Julia Rooney                      Sponsor: Terry Myers                        Sponsor: FIADA

CARQUEST MOTORS                            SIROUS AUTO                                  REJ O I N I N G MEMB E R S
Sanford, FL                                Jacksonville, FL                             CKC LUXURY AUTO
Zaheer MDatoo                              Sirous Gabrani                               Ft. Myers, FL
Sponsor: Lisette Mariner                   Sponsor: FIADA                               Charles Cunningham
                                                                                        Sponsor: Terry Myers
ELECTRONIC MERCHANT SYSTEMS                T AUTO SALES LLC                             RALPH'S PLACE
Cleveland, OH                              Coconut Creek, FL                            Port St Lucie, FL
Jennifer Heideloff                         Ethellot Elusma                              Ralph Fogg
Sponsor: Luis Giraldo                      Sponsor: Terry Myers                         Sponsor: FIADA

R E N EWING ME MBERS
30+ Year Members                                                  CARS Protection Plus                            Murrysville, PA
Florida Auto Exchange Co.                        Dunedin, FL      Charles A Krblich, PA, CPAs               Fort Lauderdale, FL
20+ Year Members                                                  Direct Deal Autos LLC                     Fort Lauderdale, FL
Car Credits                                        Tampa, FL      Drive Nation USA                                Bradenton, FL
Fleet Lease Disposal                        Delray Beach, FL      FERCO MOTORS CORP                                   Miami, FL
GWC Warranty Corporation                    Wilkes Barre, PA      Gas Buggies                                  Lehigh Acres, FL
J-Linn Motors                                  Clearwater, FL     Haims Motors Inc                                Hollywood, FL
Maher Chevrolet                          Saint Petersburg, FL     Michael's Auto Sales of West Melbourne Inc.      Palm Bay, FL
Taylor Morgan, Inc. dba Network Auto Sales Jacksonville, FL       Mugrado Automotive Group                      Jacksonville, FL
Vans Cars & Trucks                             Brooksville, FL    NewGen Motors                                    Lakeland, FL
                                                                  Next Generation Motors                          Gainesville, FL
10+ Year Members                                                  Premier Motor Cars                          Bonita Springs, FL
Auto Dealers Wholesale                        Tallahassee, FL     Premier Truck Center LLC                          Palmetto, FL
GoldStar by Spireon Inc.                            Irvine, CA    Safe Financial Group LLC                             Doral, FL
Rock Bottom Auto Sales, Inc.                       Hudson, FL     Speedway Auto Sales                            Lake Wales, FL
Southern Country Auto Sales                    Gainesville, FL    Sport Classic Motorcars, LLC                Ormond Beach, FL
Under 10 Year Members                                             Steve's Auto Sales, LLC                          Sarasota, FL
Advantage Automotive Analytics                     Irvine, CA     Streetside Classic Cars                               Lutz, FL
B&A Auto Sales of Central Florida          Winter Garden, FL      Tampa Hybrids Inc.                                    Lutz, FL
BNM Enterprises, LLC                        St. Augustine, FL     The Guaranteed Best Choice Inc                  Hollywood, FL
CarBucks                                       Greenville, SC     Unique Cars Of Palm Beach                     Boca Raton, FL
Carpay                                           Edmond, OK

10 | INDEPENDENT DEALER | JUNE 2021
PAID ADVERTISING

                   JUNE 2021 | INDEPENDENT DEALER | 11
Selecting the Right                                         How to choose the right

DMS
                                                            system that will work best for
                                                            your dealership.
                                                            BY BOB HIGGINS

          W
                                    hen choosing a Dealer Management Software System, the choices are not
                                    always equal when the smoke and mirrors are gone. To be able to make
                                    the right choice for your dealership's needs, you have to be able to evaluate
                                    exactly what the DMS does and can do, how much it will cost and whether
                                    the investment of your time and money will be worth it.

                                     Often referred to as a DMS, Dealer Management Software, is a program that
          can be accessed from a computer, tablet or mobile device. It is used by a dealership to track vehicles
          they purchase and inventory reconditioning expenses. It allows for selling to either wholesale or retail
          customers as well as submitting credit applications to lenders for funding. For the Buy Here-Pay
          Here Dealer, it will be used to receive payments as well as making the collection process easier with
                                                       automation, and some may also include a built in related
                                                       finance company. In a nutshell, a DMS should be the
                                                       dealership hub that communicates with almost every other
                                                       vendor or portal the dealership uses. If it's not making your
                                                       life as a dealer easier, then you probably haven't selected the
                                                       right one.

                                                       Decisions for purchasing a DMS are sometimes based
                                                       on previous experience or referrals, but dealers should
                                                       be careful as out-of-date or misleading information may
                                                       lead to an inappropriate choice. Often, a DMS provider
                                                       will require a contract to be signed, which can obligate
                                                       a dealer to a minimum number of months. This is good
                                                       information to be aware of before signing the agreement for
                                                       service. Long-term contracts can be difficult to escape, and
                                                       in some cases, the unsuspecting dealer ends up paying for
                                                       two DMS services while only using one. Other dealers may
                                                       look at pricing, integrated partners, available forms or base

12 | INDEPENDENT DEALER | JUNE 2021
the decision on the type of      when setting the budget for       A Dealership Management System
vehicles they will be selling.   the DMS. Some examples
For example; cash sales,         include, but are not limited      (DMS) is a bundled management
wholesale, Buy Here-Pay          to, networking (the cost          information system created
Here, bank financing or a        of setting up computers           specifically for automotive industry
combination of all. It seems     to communicate when
that while every dealership      the program is installed
                                                                   car dealerships. These systems often
is a little different, the       locally), online storage          contain software that cater to the
one thing they all have in       fees for backing up and           needs of the finance, sales,
common is the need for a         archiving data, and finally,      parts, inventory
DMS.                             calculating the cost on the
                                 total number of computers
                                                                   and administration
Things to consider when          and printers that are             components of
choosing a DMS:                  needed.                           running the
Costs: To avoid surprises,                                         dealership.
it's important to understand     Budgeting is also
what the upfront costs as        recommended for the               — Wikipedia
well as the total monthly        network wiring that will
costs are going to be for a      allow for each computer
DMS. The one that appears        to communicate with              are usually available for      mobile world, accessing a
to be the least expensive can    the internet and printers        items such as book values,     DMS from the auction, the
sometimes turn out to cost       to ensure trouble free           vehicle history reports,       house, or the office could be
a dealership much more           access. Wireless access          credit bureaus and title       one of the most important
than they anticipated.           points which will allow          processing.                    decisions to consider.
                                 computers, phones and
So what should the               tablets to communicate           Online or Desktop: This        Desktop DMS programs
conscientious dealer look        with the internet are also       may be one of the more         tend to be faster and
for? Additional setup fees,      a great addition; however,       important things to think      dealerships are able
monthly subscription fees,       without spending large           about. First, what's the       to maintain control of
costs per deal, pay-per-         amounts of money, wireless       difference? With Desktop       the data. However, one
click forms and even a           access points do not usually     Software, the dealership       of the most common
monthly charge per open          provide the stability needed     data will always be stuck on   disadvantages of a desktop
account. There may also          for heavy users.                 an office computer. On the     program is the vulnerability
be expenses for additional                                        other hand, an Online DMS      of this data. Protecting
training for employees or        Finally, dealers should          will provide data storage      data means establishing a
owners. It is always good to     also budget in the cost of       that data can be securely      consistent policy of running
remember that additional         reliable internet, printer ink   accessed by computers from     and storing backups,
expenses not directly            or toner, and paper. To get      anywhere, which allows         protecting computers
related to the DMS provider      the best out of any DMS,         for greater mobility of        behind a firewall as well as
may need to be considered        additional subscriptions         the dealership. In today’s              Continued on page 14

                                                                   JUNE 2021 | INDEPENDENT DEALER | 13
SELECTING THE RIGHT DMS continued from Page 13.

protecting the computers        As internet speeds have         by the dealers who elect to    make the electronic titling
against theft in the office.    drastically increased in        use them.                      effort easier by populating
Dealers using a desktop         the last few years, this                                         data for temp tag printing
program must have a plan        has become much less of         Nothing seems                         and electronic
in place that will allow        an issue, but it does still     to be more                             titling. It will allow
recovery from hardware          remain a challenge for          aggravating                            transferring of
failure, theft, and even a      some areas. It is worth         to a dealer                            deal data to all the
data breach.                    remembering that even           than                                      popular finance
                                a desktop DMS will need         changing                                     portals. At the
With an Online DMS, the         access to the internet for      from one DMS                                    end of the day
data is hosted securely         many of its functions.          to another. This                                it will know
online, and backups, as well    Some examples include           means choosing a                             how much
as live data replication are    checking the Specially          company carefully                          money has been
usually handled with no         Designated Nationals            and hopefully avoiding                  collected for the
need for additional online      list, pulling credit bureau     the need to switch DMS         deposit slip and at month's
storage expenses. There         reports, submitting credit      providers at a later date.     end it should provide a sales
are likely no networking        applications to finance                                        tax report that can be used
expenses as dealerships         portals and lending             The Benefits of Making the     to help complete monthly
just need the computers         institutions. So, good          Right Selection:               state sales and use tax
accessing the data to be        internet access is always       A well chosen DMS will be      returns. Other important
connected to the internet.      recommended whether the         like a favorite employee. It   features enjoyed by many
An online DMS also allows       DMS is Online or Desktop        will be available for work     are the ability to handle
for dealerships to grant                                        or questions any time, day     electronic signatures and
access to their CPA’s, which    Over the last few years         or night. It will keep forms   auto posting of customer
can allow the CPA to run        and indeed even recently        up to date and never run       payments received online.
the reports they need more      many DMS companies              out of them. It will help      As the car business changes,
efficiently and often at a      have been acquired by large     make sure of consistent        make sure the DMS
reduced expense.                corporations or private         paperwork in deal jackets      provider you choose can
                                equity firms. Some DMS          and track money owed to        provide the tools you need
However, there are a few        companies are still privately   the dealership. It should      to keep up.
disadvantages to Online         owned and may operate in        automatically run backups
DMS programs. The speed         smaller geographic regions      and updates. It should         Bob Higgins is the Business
                                                                                               Relations Director with Wayne
of the data access is limited   where a more customized         communicate with the
                                                                                               Reaves Auto Dealer Solutions;
to the speed of the internet.   experience can be enjoyed       dealerships website and        www.waynereaves.com.

   We don't send SPAM!
   Are you getting our monthly newsletters and Dealer Alerts?
   If not, check your spam folder and make sure you mark
   us for your inbox. Add info@fiada.com to your contacts!

   We regularly send out information that is important for all
   dealers. If you aren't receiving our newsletters, and want
   to subscribe, send your email to info@fiada.com

14 | INDEPENDENT DEALER | JUNE 2021                                M AY 2 0 2 1 | I N D E P E N D E N T D E A L E R | 1 4
READER
                                                            SURVEY
With all the            Wayne Reaves Auto Dealer Solutions
options
                                                      Frazer
available to
dealers for DMS                            InterActive DMS
software, we were
curious to find out                           Adam Systems
what our members
                                                Cybernetics
use. Check out this
list of your write-in                               ADD123
responses.
                                      Auto Master Systems
FIADA DMS Savings:
                                                   Blackpurl
It Pays to be a Member!
                                                    ComSoft
If you are shopping around for
a DMS, don’t forget, there are a              DealerCenter
few member-only savings that
you can take advantage of:                          NetSuite

ABCOA/ Deal Pack Software: free                        None
training, free updates, free
support and 20% off one time          Advice from a FIADA Dealer:
set up fee for FIADA members.
                                                  Jim Winterick is a past FIADA President and a
Auto Data Direct: Auto Data                       veteran used car dealer in Miami. When it comes to
Direct offers free activation for                  choosing a Dealer Management System he says:
FIADA dealers who sign up for
their ELT services and deposit       “Find something that is easy to use and anyone can learn. I call
$50 in a pre-paid account.           mine a PHD, push here dummy. These systems can be expensive,
                                     so make sure you choose one that fits in your budget. The one I
DealerCenter: Free DealerCenter
                                     use isn’t fully automated; we still have to post payments
30-day trial.
                                     manually, but we like how uncomplicated everything else is.
Dealerplatform.com: FIADA            Remember, you don’t always have to order a filet when all you
members get first 30 days free.       need is a cheeseburger.”
                                                                                       Follow Us:

Do you have an idea for a survey question?        Send it to us at info@fiada.com

                                                    JUNE 2021 | INDEPENDENT DEALER | 15
Blue Heron Bridge          Worth Avenue Shopping District   Rapids Water Park                 Lion Country Safari

Join us at the 2021 FIADA                                                 registration options:
Annual Convention and                                            go to fiada.com for pass descriptions
Trade Show at the Hilton
                                                                                Dealer Full access pass:
West Palm Beach in august.
                                                                                  $199 (THROUGH JULY 25)
It's your chance to join Florida's top independent
dealers for industry education, networking and                             ASSOCIATE Full access pass:
fun.                                                                              $299 (THROUGH JULY 25)

The Sunday-Tuesday schedule means less                                               ONE DAY pass:
time out of the office and more time to focus                                     $150 (THROUGH JULY 25)
on bettering your business with 10 hours of
                                                                                SPOUSE FULL access pass:
educational sessions designed for all types of
                                                                                  $100 (THROUGH JULY 25)
dealers.
                                                                                      CHILD pass:
From retail to BHPH, we have a track that fits your
                                                                       free (12 AND UNDER) | $100 (AGES 13+)
needs. Check it out at FIADA.com/Convention

16 | INDEPENDENT DEALER | JUNE 2021
South Florida Science Center and Aquarium           Ann Norton Sculpture Gardens   Sailfish Marina Resort                         Mural by Eduardo Kpbra | Canvas Outdoor Museum

            August 1-3, 2021
            west palm beach
        turn your work trip into a
        family getaway
        West Palm Beach is full of family-friendly activities
        such as Lion Country Safari, the Fisher Family
        Science Center, the Palm Beach Zoo and Rapids
        Water Park. Enjoy shopping on Worth Avenue or
        at the Palm Beach Outlets. Check out all the things
        you can do at FIADA.com/ConventionFun.

                                            We're excited to announce              Hilton West Palm Beach
                                                                                   600 Okeechobee Blvd, West Palm Beach, FL
                     DA                     the first-ever FIADA Kid's Club!
             FIA                            While you enjoy the Exhibit Hall       Make reservations before June 30 to receive
                                            Grand Opening on Monday                FIADA's Group Rate of $139/night (plus tax). Head

                    L U B                   night, drop the kids off for           over to FIADA.com/ConventionRegistration to book

                  C                         supervised food and fun. (Open
                                            to ages 2 and up).
                                                                                   or, call the hotel directly at 1-855-757-4985 and
                                                                                   use Group Code: ZFIADA. This is a valet-only hotel.

                                                                                       Image Credits (L to R): Scott Eddy, Discover The Palm Beaches, Adrian Wilcox Photography
                                                                                     JUN E 2021 | INDEPENDENT DEALER | 17
featured speakers
              JOE LESCOTA
              Keynote Speaker - Monday at 9:00 am
              Joe Lescota is a highly recognized executive level, automotive retail educator and
              presenter. His area of expertise and focus is on; dealership financial statement analysis,
              inventory management and controls with emphasis on teaching dealers how to control
              expenses leading to greater net profit and sustainability.

              ROB SICKLES
              General Session - Monday at 3:00 pm
              Rob Sickles is the FIADA General Counsel and a litigator who defends clients in individual
              and class action consumer financial and regulatory matters, with a special emphasis
              on the automotive industry. He will be providing a legislative and regulatory update on
              Monday.

              TIM DEESE
              Keynote Speaker - Tuesday at 2:15 pm
              Tim Deese is a veteran of the auto industry and head of Progressive Basics, a training
              and consulting firm specializing in used cars. Join him for "A Good Old-Fashioned Sales
              Team Meeting" on Tuesday at 2:15pm.

              PALMER BRAND
              General Session - Tuesday at 3:20 pm
              Palmer Brand currently serves as Program Manager for the Bureau of Dealer Services
              and has been employed with the Florida Department of Highway Safety and Motor
              Vehicles for the past 32 years. Join him on Tuesday for a Department update and Q&A
              session.

                              meet the legislators
One of the top sessions at the Annual Convention is always
the "Meet the Legislators." Planned for Tuesday morning at
9:00, FIADA is honored to present Senator Ed Hooper and
Representative Stan McClain. Get to know these legislators,
hear their take on the 2021 Session, get a preview of
what's next for the Legislature and more. If you've always
wanted to be part of the Legislative process and help FIADA
advocate for Florida's Independent Dealers this is your
chance! United we Stand.
                                                                   Sen. Ed Hooper       Rep. Stan McClain

                                breakout sessions
The schedule is full of concurrent breakout sessions on Monday and Tuesday covering topics like:

   Compliance • Sales Training • Inventory Management • Portfolio Management • Best Practices
                 Marketing Benchmarks • Understanding Financials • and MORE!

18 | INDEPENDENT DEALER | JUNE 2021
tentative schedule                                 exhibit hall
The three-day schedule has been carefully          Get the latest on products, services, trends, tools
created to offer a wide variety of educational     and more in the exhibit hall. Current exhibitors
sessions and industry speakers:                    (as of 6/2/21) include:
                                                   ACV                        Nationwide Southeast
Sunday, August 1, 2021                                                        Orange Auto Tag
                                                   Advance Professional
3:00 - 7:00 pm        Registration Open                                       Agency
                                                   Advantage Automotive
                                                                              PassTimeGPS
6:00 - 7:00 pm        Welcome Reception            Analytics
                                                                              Peak Performance
                                                   Agora Data
Monday, August 2, 2021                                                        Team
                                                   American Credit
7:30 am - 4:00 pm     Registration Open                                       Preferred Dealer
                                                   Acceptance/Spartan
                                                                              Solutions
8:00 - 9:00 am        Breakfast                    Financial
                                                                              ProGuard Warranty Inc
9:00 - 10:15 am       Opening Keynote with Joe     Auto Data Direct
                      Lescota                                                 Purvis Gray and
                                                   Buckeye
                                                                              Company LLP
10:15 - 10:45 am      Member Meeting               Carpay
                                                                              REPAY
11:00 am - 12:00 pm   Breakout Sessions            DDI Technology
                                                                              SecureClose
12:15 pm - 1:30 pm    Lunch                        Frazer Computing
                                                                              Spartan Financial
1:45 - 2:45 pm        Breakout Sessions            Georgia Carolina Auto
                                                                              Sterling Credit
                                                   Auction
3:00 - 4:00 pm        General Session: Legal                                  Corporation
                      Update with Rob Sickles      Golden Eagle
                      (Mandatory for CE)
                                                                              Tax Refund Services
                                                   Management Services
                                                   LLC (GEMS)                 U.S. Auto Credit
4:15 - 5:15 pm        Breakout Sessions
                                                                              Corporation
                                                   Goldstar GPS guided by
5:30 - 9:00 pm        Exhibit Hall Grand Opening
                                                   Spireon                    Wayne Reaves
                                                                              Software
                                                   GWC Warranty
Tuesday, August 3, 2021
                                                   Kinetic Advantage
7:30 am - 4:00 pm     Registration Open

8:00 - 9:00 am        Breakfast with Exhibitors

9:00 - 10:15 am       Meet the Legislators with
                      Sen. Ed Hooper and Rep.
                      Stan McClain                 sign-up for one-on-one
                      (Mandatory for CE)           meetings at the expo
10:30 - 11:30 am      Breakout Sessions
                                                   New this year FIADA is making it easy to request
11:45 am - 2:00 pm    Lunch with Exhibitors        one-on-one focused time with the exhibitors you
2:15 - 3:15 pm        Closing Keynote with Tim     want to network with. On your registration form,
                      Deese                        or online at FIADA.com/ConventionSponsors just
3:20 - 4:20 pm        General Session: DHSMV       choose which industry category or vendor you are
                      Update with Palmer Brand     interested in meeting with. We'll match you with
                      (Mandatory for CE)
                                                   a time and place to meet making your time at the
4:30 - 5:30 pm        Breakout Sessions            expo as efficient and beneficial as possible.

                                                   JUNE 2021 | INDEPENDENT DEALER | 19
2021 convention sponsors
                            Thank you to our 2021 Convention Sponsors!

                                               Marquis

                                                 Silver

                                                Bronze

                                          Additional Sponsors
  Lanyard Sponsor     Welcome Reception       Badge Sponsor       Tote Bag Sponsor       Lunch Sponsor
                           Sponsor

       Interested in becoming a 2021 Convention Sponsor or Exhibitor? Hurry before it's too late.
                          Go to FIADA.com/ConventionSponsors for details.

                             get more details and register at
                             www.f iada.com/convention

20 | INDEPENDENT DEALER | JUNE 2021
2021 FIADA ANNUAL CONVENTION REGISTRATION FORM
                                     AUGUST 1-3, 2021 | HILTON WEST PALM BEACH
    COMPANY INFORMATION
Company:____________________________________________________________________________________________________________
Address:_________________________________________________________ City, State, Zip:________________________________________
Phone:___________________________________________________________ Mobile:______________________________________________
E-mail:__________________________________________________________ Website:_____________________________________________

    REGISTRATION INFORMATION                                                                                                                                                      VENDOR NETWORKING
                                                                                                                                         REGULAR                 ON-SITE
DEALER FULL ACCESS PASS (Includes all events and meals)                                                                                 (Until 7/25)            (7/26 - 8/1)      MEETING OPPORTUNITIES
Badge Name:_______________________________________________________                                                                     [     ] $199         [      ] $349         Which of the following
                                                                                                                                                                                  would you be interested in
ASSOCIATE FULL ACCESS PASS (Includes all events and meals)                                                                                                                        learning more about?
Badge Name:_______________________________________________________                                                                     [     ] $299         [      ] $399         (Check all that apply)

ADDITIONAL FULL ACCESS PASS (Available with purchase of Full Access Pass)                                                                                                                Auctions
Badge Name:_______________________________________________________                                                                     [     ] $199         [      ] $199                Insurance Products/
Badge Name:_______________________________________________________                                                                     [     ] $199         [      ] $199                Warranties/F&I

SPOUSE FULL ACCESS PASS (Available with purchase of Full Access Pass)                                                                                                                    Financing
Badge Name:_______________________________________________________                                                                     [     ] $100         [      ] $100                GPS Services
CHILD PASS (13 and under)                                                                                                                                                                Other (please specify):
Badge Name:_______________________________________________________                                                                     [     ] FREE         [      ] FREE
                                                                                                                                                                                         ________________
ONE-DAY PASS* (Please choose which day)
*You must attend both days of the convention in order to obtain continuing education credit.
                                                                                                                                                                                         ________________

[     ] Monday              [    ] Tuesday                                                                                             [     ] $150         [      ] $200                ________________

FULL ACCESS PASSES includes all meal functions, seminars and exhibit hall access and is eligible for                                                                                     ________________
continuing education credit. Additional Full Access passes and Spouse pass are only available with a
Full Access registration. Valid FIADA membership required for FIADA member registration rates. CHILD                    TOTAL:          $
REGISTRATIONS AVAILABLE Contact FIADA at (800) 237-0448 for details and to register.

    PAYMENT INFORMATION

[     ] I have enclosed a check made payable to FIADA                                  [    ] I will be using a credit card
Name (as it appears on card):_______________________________________ Company:______________________________________________
Credit Card Billing Address:_______________________________________________________________________________________________
Credit Card Number:_________________________________________________________________                                                                        Exp Date:__________________________
Authorized Signature:_________________________________________________________________                                                                     CC Security Code:____________________
CANCELLATION POLICY: If cancellations are received in writing before 5pm on Monday, June 21, 2021, we will refund your registration fee. If cancellation is received between 6/21/2021 and 7/19/2021, we will
refund your registration fee less a $25 processing fee. Fees cannot be refunded for registrations canceled after 7/19/2021or for no-shows. PHOTO/VIDEO/TEXT RELEASE: By registering for the 2021 FIADA
Annual Convention, I hereby grant permission to use any and all photographic imagery and video footage taken of me at this event and activities pertaining to this event, without payment or any other consideration. I
understand that such materials may be published electronically or in print, or used in presentations or exhibitions. By providing your mobile number, you agree to receive convention-related texts from FIADA.

    HOTEL INFORMATION
Hilton West Palm Beach, 600 Okeechobee Blvd, West Palm Beach, FL 33401. Hotel stay is separate from convention registration.
Reservations must be made by JUNE 30, 2021 to qualify for group discount of $139 per night (plus tax) For reservations call 561-231-6000 Option 1.

                       Return this completed form: Mail: FIADA, 1840 Fiddler Court, Tallahassee, FL 32308   Fax: (850) 385-3251
                                           Register: Online: www.FIADA.com J UCall/Text:
                                                                                    NE 202   (800)
                                                                                               1 | 237-0448
                                                                                                    INDEPENDENT DEALER | 21
Florida Independent Automobile Dealers Association
                                               Serving Dealers Since 1940.

    MEMBERSHIP APPLICATION
    FIADA’s Vision is to be the leading resource for Florida’s independent automobile industry. OUR Mission is to
    protect, promote and preserve independent automobile dealers, vendors and consumers through education, ethical
    practice, professional networking and advocacy of fair legislation/regulation.

    FIADA PROVIDES DEALERS WITH:

    REPRESENTATION:                            EDUCATION:                                 DEDICATION:                               AFFILIATION:
    A lobbyist and legislative                 Free Continuing Education                  A network of 600+ dealers                 Access to over 100
    committee that fights for                  and free phone calls to                    who are united by the                     vendors who specialize in
    the interest of dealers.                   legal counsel.                             same issues as you.                       auto industry needs.

    MEMBER DISCOUNTS:
    Take advantage of member-only discounts at over 12 auctions in Florida & Georgia as well as
    savings from companies like ADD, ASC, Carfax and more. The number of benefits you receive
    as a member pays for the price of your membership. For $325 you can’t afford not to be a
    member. It costs less than $1.00 per day to get connected inside the industry.

DUES: $325 Annually                                                                            Sponsor:_________________________________________
Company Name:______________________________________________________________                                                        q New Mbr q Associate Mbr

Address:__________________________________________ City:_______________________ State:_______ Zip:__________

Phone:_________________________________Fax:________________________________ Email:________________________
                                                                                                                                                         By signing I agree to the FIADA
Principal Contact:_____________________________________ Signature:___________________________________________
                                                                                               code of ethics and FCC Consent.

Payment Method:            q Check (made payable to FIADA)                 q Visa         q Mastercard             q American Express                q Discover
Card Number:______________________________________________ Expiration Date:____________________ CVV:__________

Name on Card:____________________________________________________________________________________________
                                                                            I authorize FIADA to charge my credit card listed above.

Dealer Type: q Retail               q BHPH           q Wholesale              Years in business?_____________ License# ______________________

SUPPORT THE FIADA PAC
Your PAC Contribution helps spread the awareness and gain support of issues affecting independent dealers in the state's capitol.

q       $500          q        $250         q        $100          q       $50         q       $25          q       _________
FCC Communications Consent: I understand that by providing my mailing address, email address, telephone number and fax number, I consent to receive valuable and timely
communications via mail, parcel, email, telephone, text and/or fax from or on behalf of the Florida Independent Automobile Dealers Association (FIADA). This consent shall remain
in effect until FIADA receives written revocation signed by an authorized representative.

800.237.0448 | Fax: 850-385-3251 | Email: info@fiada.com | www.FIADA.com | Florida Independent Automobile Dealers Association, 1840 Fiddler Court, Tallahassee, FL 32308
HR Advisor
Monthly best tips, trends and HR practices for small business

 Three Tips to Make Online Training                               2. Give employees time to reflect and practice the
                                                                     skills they’ve learned. In some professions, like
 Successful Long Term                                                music and athletics, you spend most of your work
 Online trainings can be a useful tool for developing
 talent, but they can also end up being a waste of time and          time learning, building, and reinforcing skills
 resources, even if the content and presentation are good.           before the big performance, whether it’s a concert,
 The difference between effective and ineffective training           game, or race. Good performance necessitates
 often comes down to whether employees are able to                   constant practice. But in most professions, practice
 absorb and retain the information they receive.                     seems like a luxury you can’t afford because you’re
                                                                     expected to be performing during your work time.
 There are lot of obstacles to absorption and retention of           This is one reason trainings fail to deliver results.
 trainings. Busy employees may listen to a webinar while             To master new skills, employees need time to focus
 they work on other things, catching only tidbits here and           on building those skills. That means some work
 there. Or they may put a training video off until they’ve           time needs to be set aside post-training for them to
 finished a project and are too exhausted to give it due             reflect on and practice what they’ve learned.
 attention.
                                                                  3. Align trainings with the present needs and future
 To avoid these training pitfalls, consider these three tips:        goals of both the company and the employee.
                                                                     When assessing employee training goals, consider
 1. Follow the AGES Model. The NeuroLeadership                       what additional knowledge and skills would enable
    Institute argues that we learn quickly and retain                them to do their jobs better now, but also set them
    information best when we focus on one topic                      up for success in their future careers. Employees are
    (attention), actively connect what we learn to what              more likely to be excited by and personally invested
    we already know (generation), experience positive                in their training if they understand their personal
    feelings while learning (emotion), and space our                 return on that investment. If they don’t recognize
    intake of information (spacing). For example,                    its value, it won’t have any value to them.
    cramming training on multiples topics into a tight
    two-day workshop would be much less effective                 The HR Advisor is a monthly newsletter from MyPayrollSite.com.
    than spreading that training out over a few weeks.            Find out more information by calling (850) 322-6437 or visiting
                                                                  online at www.mypayrollsite.com.
    You can learn more about the AGES Model here.

                                       FIADA TRAINING OPPORTUNITIES
                                       FIADA has an ever-growing library of online training courses and webinars as well as
                                       in-person courses and events specific for independent dealers. Most are available for
                                       free to members (including their staff). Log on to www.FIADA.com/Training to view the
                                       current course catalog and explore the many options available. While you are there,
                                       check out the Resource Library and make sure you are up-to-date with regulatory and
                                       compliance requirements.

                                                                   JUNE 2021 | INDEPENDENT DEALER | 23
EVOLUTION
OF THE
DMS
How to choose the right system
that will work best for your
dealership.
 BY JESSE MARTIN

W
        hat is the new           inventory acquisition and
        norm as we all           management, marketing,
        navigate to the          customers, deals, reporting
post-pandemic world?             and analytics, and mobile
One thing is for certain,        phone accessibility.
car shoppers will continue
to shop online and prefer        INVENTORY ACQUISITION AND
to spend little to no time       MANAGEMENT
in the actual dealership to      First things first, you have
finalize the sale. So how is     to acquire inventory, or
your dealership equipped         you don’t have anything to      on all vehicles for due         Your website should list
to meet this new norm of         sell. DMS’s today have the      diligence. And once you         your inventory and be
doing deals virtually?           capability to consolidate       pull the trigger to acquire a   searchable by year, make,
                                 multi-auction access into a     vehicle, your DMS should        model, color and more.
As our industry evolves,         single platform to browse,      have the ability to manage      From here you should
so should your dealer            sort and select vehicles that   the reconditioning process      showcase your inventory
management system                align with your business        to start marketing your         by uploading and editing
(DMS). Your DMS should           model. Further evaluate         inventory.                      photos, videos, and 360
do much more than just           those vehicles with market                                      view images. Your DMS
print your contracts and         pricing tools such as JD        MARKETING                       and website should
bill of sales. It should serve   Power, KBB, Black Book,         Marketing inventory             automate exporting
as your command center,          MMR or MAX Digital to           involves multiple functions     inventory to the various
connecting all of the            decipher the good buys          that your DMS should            listing sites you use such
critical systems you need        from the bad. Your DMS          make easy for you. A            as OfferUp, CarGurus,
to run your dealership.          should provide vehicle          website specifically            Craigslist, Autotrader,
To simplify this concept,        history reports with            designed for car dealers        etc. Make sure that all the
let’s break it down into         AutoCheck and/or Carfax         is absolutely necessary         leads from these listing
functional categories:           which run automatically         for your online presence.       sites funnel back into

24 | INDEPENDENT DEALER | JUNE 2021
MAKING THE DEAL                 if your marketing spend is
                                                                Time to make a deal! You        generating the return you
                                                                should not have to leave        need.
                                                                your DMS to submit deals
                                                                to your lenders, receive        MOBILITY
                                                                approvals, automatically        Lastly, your DMS should
                                                                calculate taxes and fees, or    offer you a mobile solution
                                                                print any form or contract      that keeps you connected
                                                                you need to complete the        on the go. Everything you
                                                                deal. Accessing Dealertrack     need to access to effectively
                                                                and/or RouteOne should all      manage your dealership
                                                                be done from within your        should be accessible on
                                                                DMS. The days of toggling       your smartphone. VIN
                                                                between multiple systems is     scan, driver’s license scan,
                                                                over. And now, the ability to   lead management, and
                                                                eContract deals as an added     reviewing deals should be
                                                                service offered by industry     key features in your DMS
                                                                leading DMS providers.          mobile app. Technology
                                                                Franchises have been doing      is removing so many
                                                                it for quite some time, but     constraints from the way
                                                                there are now affordable        we manage our day-to-day
                                                                options for independent         business operations which
                                                                dealers to utilize this same    make it faster and easier
                                                                capability to get deals done    than ever before to drive
                                                                electronically quickly and      your business.
                                                                easily.
                                                                                                It’s always a good practice
                                                                ANALYTICS                       to regularly evaluate
                                                                As an Owner or General          your business operations,
                                                                Manager, it is critical to      this includes your DMS.
                                                                have access to business data    Technology is advancing,
                                                                so you can make intelligent     the industry is evolving
                                                                financial decisions. Your       and your DMS should be
your DMS for to track           of a customer relationship      DMS should be designed          changing with the times to
and calculate return on         management (CRM) tool           to tell you what you need       keep you in control. Is your
investment from your            into the platform so you can    to know, when you need          DMS meeting your needs
marketing spend. This is        easily communicate with         to know it. The ability to      and helping you be more
critical, so you spend your     prospects, send electronic      email automated reports         efficient and sell more cars?
marketing dollars wisely to     credit applications,            on a regular cadence to         If not, consider looking at
maximize your income.           run credit, and qualify         show you sales activity         alternative solutions on sites
                                for financing options.          daily, weekly, or monthly       such as Capterra, G2 or
CUSTOMER MANAGEMENT             Text, email, and chat           is essential to see the         Google. Read reviews, get
Managing your customers         are all essential forms of      overall health of your          free trials and find the right
should also converge within     communication to keep           dealership. Aging reports,      DMS to help you grow.
your DMS. After all, that is    prospects engaged and turn      customer demographics,
                                                                sales pipeline activity, or     Jesse Martin is the Sr. Vice
where the deal will happen.     car shoppers into car buyers!                                   President of Sales and Marketing
But to earn the deal, you’ll    The DMS should offer            tax reports should all be
                                                                                                of DealerCenter, an all-in-one,
have to convert that internet   compliance automation with      standard reports you have       cloud based dealer management
lead into a qualified car       system-generated adverse        access to. Again, reviewing     solution that gives the independent
buyer. Your DMS should          action notices to give you      your marketing spend and        dealer full control over their
                                                                showing sales in relation to    sales, inventory & customer
combine the functionality       peace of mind.                                                  management, financing , and more!
                                                                lead source quickly tells you

                                                                 JUNE 2021 | INDEPENDENT DEALER | 25
You can also read