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Categories2020, Franchise News, Newsletter

Volkswagen dealers recently received The Battery Electric Vehicle Distribution Terms and Conditions Agreement (“BEV Agreement”) which is purported to be required before receiving Volkswagen’s new electric vehicle models. Likewise, GMC and Chevrolet dealers have received GM’s Electric Models Participation Agreement which requires...

COVID-19 Related Factory Shutdowns Adversely Impact Vehicle Allocation

Date25 Jun 2020

Posted ByBass Sox Mercer

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Categories2020, COVID-19 Related Articles and Resources, Franchise News, Newsletter

The ongoing COVID-19 pandemic has impacted, rather severely, the OEM’s ability to turn out new product. Shortly after the pandemic hit, plants were limited and/or closed, and new motor vehicle production ground to a halt. The downstream impacts to dealers may have...

OEMs Continue to Attempt to Avoid Application of Franchise Laws

Date25 Jun 2020

Posted ByBass Sox Mercer

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Categories2020, Legislation, Newsletter

One of the first strategies OEMs often employ to avoid complying with a state’s franchise law protections is to argue that the laws do not apply to a dealer agreement that was executed prior to the passing of those statutes. This position allows...

House Bill 977 – Changing Florida’s Vicarious Liability Laws

Date25 Jun 2020

Posted ByBass Sox Mercer

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Categories2020, Legislation, Newsbrief, Newsletter

Historically, the Dangerous Instrumentalities Doctrine has imposed strict liability on the owner of a motor vehicle whenever the owner “voluntarily entrusts that motor vehicle to an individual whose negligent operation causes damage to another.” However, companies that rent or lease vehicles became...

Transaction Activity Slowed by COVID-19

Date25 Jun 2020

Posted ByBass Sox Mercer

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Categories2020, COVID-19 Related Articles and Resources, Transaction Update

After several years of record high transaction activity, there has been a lull in the buy-sell market due to COVID-19. Bass Sox Mercer noticed a steep decline in transaction activity around the time state governments started instituting “stay at home” orders. Existing...

BSM Continues to Assist Dealers Navigate the Ever-Changing PPP Loan Rules

Date25 Jun 2020

Posted ByBass Sox Mercer

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Categories2020, COVID-19 Related Articles and Resources, Newsbrief, Newsletter

BSM Shareholder, Richard Sox, has presented seven (7) seminars on the Paycheck Protection Program loan eligibility and forgiveness thus far for various dealer organizations. The continuing seminars are a result of the repeated changes made to the PPP by both the Small...

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