ERAC's illegal price discrimination

Moot point. ERAC Changed the policy Jan, 1. No more minimumum pricing guides.

Originally Posted by Unregistered

Couple of quick things adressing a couple of different issues from above:

SarbOx is enforced on publicly traded companies, Green Gorilla doesnt fall into that catagory, as long as Uncle Sam gets their cut from Taylors they dont care how the accounting practices work in St Louis. All the SarbOx (federally maindated) is to prevent the ENRON, TYCO garbage from occuring. If you use your own cash and keep everything in house the only the gov can do is pursue income tax issues, if they feel that there are issues.

Also to clairfy, when "E" send their vehicles to AUTOVIN etc they have a piss poor reputation for disputing any and every damage charge. I can tell you from my experience (I work for a competitor and walk our fleet leases with AUTOVIN) that they get dinged from the auction services harder than alot of other companies. Reputation does follow a company to the auction. So they are not necessarily steam rolling over everyone. Their volume is what makes the difference. I work in the SW and can take a strong guess that "E" is getting charged more than alot of my competitors, but you know who takes the hit in the end, the branch manager who gets screwed on flip, I was there and watched it happen. Once again, all the car sales accounting is in house, closed to the general branch employee like everything else.

Want a great example of how "E" gets hinkey in the market and passes the hit to the branch managers no mater what sales are like, find someone who was around during 9/11 as a manager and ask them what their flip was that month and the months after... no commision for branch managers in grp05 but strangle the ARM's didnt cry foul, found out later that got a guaranteed payout that month.

I was around before 9/11 and yes we all got screwed by inventory losses and neg flip. As for the TOP SECRET checks a couple of post higher. They aren’t so top secret. It called dealer hold back and every dealer in the country participates. All cars are sold at the prefixed wholesale dollar amount and according to your purchase volume, the manufactures pay back a rebate. ERACs is bigger than most dealers because of the volume of cars they purchase. Dealers know this and the markets have adjusted the prices accordingly. Your area manager told you it was a secret because it is a sore spot with dealers.