Events

In response to the challenges facing dealers during these uncertain times, NADA is offering a workshop on dealership survival, Tough Times, Tougher Dealers: Saving Your Dealership's Assets, at the 2009 NADA Convention & Exposition in New Orleans. Hundreds of dealers have already participated in virtual seminars presented on the topic in December and January.

The first virtual seminar, held Dec. 18, drew more than 250 participants and lasted more than an hour, followed by a lively and informative Q&A session. As participants were not identified by name or dealership, discussion was extremely candid. More than 150 people participated in the second session, held Jan. 13.

The convention workshop, presented by Michael Charapp, Esq. of Charapp & Weiss, LLP and Bradley Nicklin, CPA of Beers + Cutler, will discuss the tough issues facing dealers today. It is intended to help dealers and managers understand the steps required to protect their dealerships' assets during tough economic times.

In Tough Times, participants will learn valuable information on cash management, expense control, and franchise rights issues. They will also learn how to deal with bankruptcy—both at the manufacturer and dealership level—as well as franchise terminations, brand terminations, and the legal ramifications of reducing a workforce. Additionally, the speakers will present other practical considerations for surviving the tough environment, both legally and financially.

Tough Times, Tougher Dealers: Saving Your Dealership's Assets will be held Saturday, Jan. 24 at 11 a.m. and Monday, Jan. 26 at 8:30 a.m. in rooms 208–209 of the Ernest N. Morial Convention Center in New Orleans. Dealers, managers, and other dealership personnel attending the 2009 NADA Convention & Exposition are encouraged to attend one of the two sessions. The workshop will offer up-to-date economic information and peer interaction, as well as Q&A for all participants.

For more information on this and other workshops at the 2009 NADA Convention & Exposition, visit expo.nada.org or call NADA Management Education at 800-252-NADA, ext. 2.