CONTENTS WVCAR.COM ©2022 West Virginia Automobile Dealers Association (WVADA) | The newsLINK Group, LLC. All rights reserved. The WVADA News is published four times each year by The newsLINK Group, LLC for the WVADA and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the WVADA, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. The WVADA News is a collective work, and as such, some articles are submitted by authors who are independent of the WVADA. While the WVADA News encourages a first-print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at 855.747.4003. 22 18 14 6 President's Message 9 Motor Vehicle & Title Registration Seminar 10 Counselor's Corner: The New FTC Rules: What You Need to Know 14 By The Numbers: Overcoming Obstacles Impacting Dealership Profits and Valuations 16 WVCar Contribution & Pledge Form 17 Thank You To All Our WVCar Pac Contributors For 2022! 18 Succession Planning for Dealers in an Evolving Business Environment 21 Preferred Partner Programs 22 Is Your Dealership Prepared to Deal with Cybercrime? Identify threats and build defenses. 27 A Timeline for Implementation New Clean Vehicle Tax Credit 28 The Secret to Controlling Dealership Expenses 33 Save The Dates 34 In The Community 38 Executive Committee wvcar.com 4 WVADA
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