Florida: (850) 878-6404
North Carolina: (919) 847-8632

Florida: (850) 878-6404
North Carolina: (919) 847-8632

News

Important News and Alerts

Hyundai Dealers Push-Back on IONIQ Participation Agreement

BSM has been contacted by a number of Hyundai dealers across the country who are questioning the appropriateness of the IONIQ EV Participation Agreement. Like electric vehicle agreements proposed by General Motors, Volkswagen and others, the IONIQ EV Participation Agreement raises potential violations of both the Hyundai Dealer Agreement and state motor vehicle franchise laws. Under both the Hyundai Dealer Agreement and state motor vehicle franchise laws, Hyundai dealers are promised receipt of all vehicle models produced under the Hyundai brand name. Requiring dealers to execute a separate Participation Agreement in order to receive the new IONIQ electric vehicle would appear to fly in the face of these provisions. Likewise, dealers should be wary of signing the Participation Agreement as it contains a prospective commitment whereby the dealer agrees to comply with whatever facility and marketing requirements are placed on the dealer in the future as it relates to the IONIQ electric vehicle. HMA is asking dealers to agree to terms not yet known and if those terms are not complied with then the dealership is agreeing it is not entitled to receipt of IONIQ vehicles.

BASS SOX MERCER

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.

This website is not intended to be advertising and Bass Sox Mercer does not wish to represent anyone desiring representation based upon viewing this website in any state or jurisdiction where this website fails to comply with all laws and ethical rules.

FLORIDA

  • Phone: (850) 878-6404

  • Fax: (850) 942-4869

  • 2822 Remington Green Circle Tallahassee, Florida 32308

NORTH CAROLINA

  • Phone: (919) 847-8632

  • Fax: (919) 847-8633

  • 4208 Six Forks Road, Suite 1000, Raleigh, NC 27609

Office Building

Bass Sox Mercer© 2021 All Rights Reserved | Powered By Moxxi Marketing

Skip to content