As NAFTA Ends, How Will its Replacement Impact the Auto Industry?
The North American Free Trade Agreement (NAFTA) is a trilateral trade agreement between the United States, Canada, and Mexico that was signed on January 1, 1994. On September 30, 2018, it was announced that NAFTA had been renegotiated and was set to be replaced by the United States – Mexico – Canada Agreement (USMCA). Provisions are expected to be implemented starting in 2020 if Congress, including the newly Democrat controlled House of Representatives, ratifies the agreement. As it is currently written, this new trade agreement includes several rules that will directly affect the automotive industry.
Neglect the Impact of Taxes on a Dealership’s Value at Your Own Risk
Business owners, especially owners of automotive retail enterprises, are motivated to build value. Discussions at the senior management level and Board meetings generally trickle down to how each decision could impact people, revenue and value. Return on investment is a key predictor looked at in determining if an initiative or purchase is a good decision, and if resources were managed effectively. This article discusses the impact of taxes on a dealership’s value.
The Challenges of Attracting and Keeping Millennial Talent
Attracting and retaining millennials is a primary concern for recruiters and HR managers of local, national and even international companies. Of course, automotive dealers are no exception. How then does your automobile dealership attract and keep good people from the most job-hopping workforce in history? This article discusses some best practices for hiring and retaining millennial employees.