Driving Louisiana’s Economy
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OFFICIAL PUBLICATION OF THE LOUISIANA AUTOMOBILE DEALERS ASSOCIATION
Pub. 1 2024 Issue 2
Remaining Competitive in the Car Business Professionalizing the Family‑Owned Auto Dealerships
The Importance of Professionalism in Family-Owned Auto Dealerships In the current corporate landscape, family-owned enterprises are facing challenges as they vie for success against bigger conglomerates and nationally recognized brands. In the automotive industry, where consolidation is prevalent, family-owned dealerships are under significant strain to keep pace with their larger counterparts and stay relevant. One
When Saying Less Gets You More
“Less is More” is a popular phrase that has been tossed around for years, even dating back to the ancient Greeks. You may have heard it in various settings — perhaps the Minimalist Movement comes to mind. “Less is More” is a simple yet powerful concept that can greatly impact your life. The essence of
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Climbing the Automotive Industry Ladder of Success
In the auto industry, there is a gap between the number of women in leadership and those who buy cars. Maintaining that discrepancy is risky because it shows a lack of innovation when serving the market. Interestingly, women buy 62% of all vehicles today. Even if they don’t purchase directly, they influence 85% of car-buying
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8 Ways to Plan for and Prevent Heat-Related Illnesses
Know the SignsThere are two common kinds of heat-related illness: heat exhaustion and heatstroke. While both call for prompt action, the latter is a medical emergency. Understanding the difference may be a matter of life and death. Either of these illnesses can strike easier than you think. While people working outdoors in extreme heat are the
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Ready to Tackle Our Dealer Issues
Fellow dealers and ATAEs, During the course of 2023, while serving as NADA vice chairman, I was very fortunate to have gotten the opportunity to visit many states, and have engaged in discussions with many dealers and dealer representatives about both the national and individual state-level issues they were facing. There is no shortage of
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A New FTC Self-Reporting Requirement Means It’s Time to Check-In with the Safeguards Rule
This time last year, dealerships were working to prepare for the summer deadline imposed by the Federal Trade Commission in the Amended Safeguards Rule.¹ Once June 9, 2023, passed, the FTC provided a brief reprieve before announcing in December the finalizing of the Vehicle Shopping Rule, dubbed the “Combating Auto Retail Scams Trade Regulation Rule”
The FTC’s Nationwide Ban on Non-Compete Agreements How Will This Affect New Car Dealers?
On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule, by a 3-2 vote, banning non-compete agreements nationwide. The rule, once effective, bans all non-compete agreements between employers and employees. Existing non-compete agreements for most employees will also no longer be enforceable. Only those existing agreements with senior executives, who are earning
The FTC’s Nationwide Ban on Non-Compete Agreements How Will This Affect New Car Dealers?
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A Message From the President: Legislative Update
The past six months have been eventful for LADA, marked by significant legislative activity and accomplishments. This year’s regular session was a general session, meaning no tax legislation could be considered. Our primary objective was to educate the 36 newly elected legislators about LADA, the franchise system and its importance in Louisiana. Additionally, we focused
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