Testimonials

Speaking of Jay's F&I Compliance Training CD....
Great presentation but a little long for a bunch of dealers to sit through.  This information is exactly what the dealer needs AND MUST know about.  They also need to understand that ignorance of the law is no excuse and will still be held liable.  And no, controllers do not have spare time to handle all of these issues as well, at least not your controller.

All of the information contained in this presentation is not going away anytime soon if ever. 

We MUST: 
* Change the way we do business
* Take the do not call list seriously (even though it would be rare for us to violate)
* Take the GLB act VERY seriously as this can bankrupt us quicker than anything
   I have ever seen.
* Most dealers are unaware of the Patriot Act or its implications.
* Not to mention all the reg Z for F&I, payment packing issues, etc…

The GLB ACT: Maximum Penalty is $11,000 per violation per day since violation started (for many that will be May, 2003)
2 years of one violation = 730 days times $11,000 per day = $8,030,000.00 in potential fines.  Even if it gets reduced to 10%, that is still $803,000.00

Do the math – we would be out of business in a single day.  I strongly feel that our group, including the (all) locations, can afford one person to oversee many of the issues in this presentation.

- From a Corporate Controller-Midwest Dealer Group to the General Manager

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This is the most powerful tool that I’ve ever seen. After trying to sort out all the issues that are required to comply, I had given up. This CD makes it easy for me and my employees to understand the new laws, regulations and interpretations. My only question is, what took you so long?

- southern California GM Dealer

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After my F&I Manager attended your Houston workshop, I was shocked by how much I (we) didn’t know about compliance. Your CD is now part of our dealership training process.

- Houston area Ford Dealer
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"Jay helped our Company through a difficult transition.  I have great respect for him....he is a real pro."

- Jo Kinsel - Kinsel Motors, Beaumont, TX
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"Jay brings expertise in a way that all employees respond, unlike other know-it-all Consultants."

- Gary Huffman - Palmer Auto Group, Indianapolis, IN
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"Jay moved the needle in every Department, returning us to profitability."

- Ron Mills - Mills Ford, Anaheim, CA
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"Being a National Sales Trainer myself, Jay is one of the most experienced in the business...you should be working with Jay."

- Jack Simmons - National Dealer Trainer, Autotrader.com
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"In over 25 years of working with car dealers, Jay is extremely knowledgeable and his determination is incredible."

- William L. Needler - Attorney, North Carolina & Illinois
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"I've been working with Jay Prassel since 1997 and it's one of the best decisions I've ever made."

- Mario Luther - Luther Ford, Indiana, PA
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"I walked into our nice little double wide trailer that is functioning as our sales offices, courtesy Hurricane Ike, about 8:15 this morning and a guy we delivered last night was there to get his car washed.  Since he was here before anyone else he had made himself comfortable inside with a cup of coffee and patiently waiting for someone to show up.  The first thing he asked me wasn't when he could get his truck washed or when his salesman would be in it was if I thought he did the right thing buying a new Ford truck and not that Toyota parked about 100 yards away.  It only took a second to notice our local paper sitting in his lap and right there on the front page is another of those huge articles that would lead anyone to believe that American car companies are all but finished.  After assuring him that we would be here to service him till the wheels fell off his truck I showed him a quote from another paper that was emailed to me.  Here is what it said:

 "Auto Dealers have been going out of business in droves, and those who remain are adopting survival tactics. The intent is not only to lure customers, but to slash costs, motivate sales forces and bring more business to service departments…Part of the downturn is cyclical, since strong car sales never continue indefinitely, and the war has depressed sales by about a third. But Marketing Consultants, Auto Executives and even the dealer groups contend that automotive retailing is undergoing fundamental changes..."

Sound familiar? Then I showed him the date.  It's hard to believe that this article wasn't written in reference to the current economy, but rather for a market 18 years ago. The article originally ran in a February, 1991 issue of the New York Times. However, the points being discussed greatly resemble those which we currently face today.  So what does that mean? The person that sent the email thinks we should see it as a light at the end of the tunnel and I agree.  I shared the story of the old man and read the quote to all my people this morning and reminded them that some of us were in this business in 1991 when this downturn happened and some, well just you old dudes, were here for three or four more turbulent times in the past 50 years and we became stronger each time.  We take the bull by the horns and somehow always turn adversity into something positive.  We have veteran sales people, the best managers and a dealer that has made it through every one of these tough times.  On top of that now we have Jay Prassel!  What more could we ask for?   Okay, okay, a fresh marketing plan from Ford instead of the same old crap year after year would be nice but I can’t control that!  I am going to hit my customer base with another direct mail campaign because I know for a fact that it brought me people that want to buy here and I am going to follow that up with an email blast to 25,000 people that have never bought from me.  I will let you know how it goes!  Have a great day!

PS-  Remember the old man?  I saw him about an hour later looking over his freshly cleaned 2009 F150 waiting to have his picture taken for his calendar.  I went and brought him in my office, opened him an E-Trade account and transferred 100 shares of ford stock into his new account.  I showed him how to check on his stock and told him now he not only owned another Ford truck but he also owned a part of Ford.  I am quite sure that on a day that Ford stock hit $1.27 a share he just might be the only person on earth that was happy about owning some!

James McNutt - Kinsel Ford, Beaumont, TX

 
 

Toll Free: 800.381.5327   Fax: 775.213.1718   Email: info@PremierPerformanceGroup.com

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