Consumers, especially younger ones who have grown up using their mobile phones to do all their shopping, don’t trust and don’t want to go to auto dealerships. They increasingly want to do their car shopping online. That is the narrative being pushed by some today.
A recent study suggests that is not so. Indeed, Gen Z shoppers – those born in the mid- 1990’s to early-2000’s – visit more dealerships in their car buying journey than older groups, according to a recent study by Urban Science and Harris Poll. And overall, people want to have a dealership involved in purchase process, the study found. So, seems the dealership may be around for quite a while.
As any lawyer will tell you, words matter a lot when it comes to a legal document. That is very true where the Asset Purchase Agreement is concerned. This week’s issue looks at two areas to watch out for. First, Kevin Timson of Bellavia Blatt discusses avoiding liability for environmental risks by wording your APA correctly. Then, Charlie Mitchell details the two categories of Fair Market Value and why it is crucial to specify which you are applying when appraising furniture, fixtures, and equipment.
And then there is Transaction News.