The Florida Automobile Dealers Association is going on the offensive to help dealers protect themselves should they, General Motors or Chrysler LLC enter bankruptcy.
Other topics will help dealers manage their stores in a recession.
The association, which has 800 members, will host a four-hour seminar March 26 called Riding the Industry Wave. The seminar will feature expert panelists discussing topics including franchise laws, managing inventory levels under manufacturer pressure, financing, floorplanning, potential bankruptcy for the factory and elimination of a brand.
We do seminars and Webinars all the time, said association President Ted Smith in Tallahassee, Fla. This is one of those things where you wake up in the morning and wish you didnt have to do it.
But the times have dictated that we are responsible to our membership. Were trying to be proactive and give our dealers some guidance that maybe they wouldnt have thought of doing on their own.
The Florida Auto Dealers Association also has hired the Tampa bankruptcy firm Stichter, Riedel, Blain & Prosser, Smith said. Any association dealer member can call the firm and get a one-hour counseling session for free.
This is not a seminar for unhealthy dealers, Smith said. We try to design it as a proactive seminar for all dealers.
Smith is unsure of attendance, given that most dealers have to travel for it.
Dealers are people who dont want to be out of their dealerships right now, he said.
The seminar will be at the Florida Hotel and Conference Center in Orlando.
For more information on the seminar or the use of Stichter, Riedel, Blain & Prosser, go to www.flada.org