Steve Roennau
Vice President
Compliance
EFG Companies
Did you know that automotive dealerships must comply with roughly 60 retail automotive regulations in addition to the regulations for employers, small businesses, advertisers, general retailers, and finance organizations?
These rules touch a broad range of issues, including environmental, tax and finance rules, and a host of other consumer protections. It’s no wonder that compliance seems overwhelming.
The good news is that there are services available to help dealerships tackle compliance by taking a very methodical, common sense approach.
You’ve probably seen agents and product providers step-up their service model to include more services around compliance. This is actually an objective and cost-effective way in which to tackle improving compliance in your dealership.
Ask yourself:
- Beyond in-store engagement, what compliance services do they provide?
- Does my product provider see compliance as important enough to include a head of compliance on their corporate leadership team?
- What compliance certifications does my product provider have?