Category: Auto Dealer Bonds

The car dealership industry is ever changing. From buyer habits and sales trends to marketing tactics, it’s become even more important to analyze the current state of the industry so they can become better equipped to keep their auto dealership successful.

Deciding to get a new certification or license is exciting! Pursuing a license could mean you’re exploring a new profession or looking to advance in your current career. Many industries require some type of certification before you can start working.

  Purchasing a used car can be a smart investment if you do it right. In fact, with the price of new cars on the rise, buying used is a common route for many these days. According to Cox Automotive’s 2019 car buyer study, two-thirds of customers favor buying a used car when shopping.

Alabama Auto Dealer Bond Requirement Increase A new bill was enacted in Alabama titled HB 393, which changes the amount of the license bond for a new motor vehicle dealer, used motor vehicle dealer, motor vehicle rebuilder, or motor vehicle wholesaler so that it must be for not less than $50,000 or …

  If you are a licensed auto dealer, you've surely dealt with obtaining a surety bond as a requirement for your license. Hopefully you haven't dealt with surety bond claims. However, it helps to be informed and prepared in case you do get a bond claim in the future.