How the New 25% Tariffs Effect the Used Car Market in North Carolina (April 2025)
The new 25% tariff on imported vehicles that took effect on April 3, 2025, is already pushing buyers away from new cars and toward used vehicles. Yay! That’s good news right!? Well, this shift is creating both challenges and opportunities for used car dealers here…
IRS 8300 Form For Car Dealers (2024)
Used car dealers receiving over $10,000 in cash in a single or related transactions must report it via IRS Form 8300 (PDF Form Rev. 12/23) within 15 days to combat money laundering. Related Posts:— Form 8300 and Reporting Cash Payments of Over $10K (IRS.gov)— Motor Vehicle…
Keeping Your Customers Informed During COVID-19
With shelter-in-place and stay-at-home orders by our local governments it’s very important to communicate to your current and potential customers how your dealership is operating. This article will guide you through that process. Quick Links Update your business listing on Google (Help page) Update your…
New North Carolina LAW 553® (10/23) Revision Effective as of October 1, 2023
A notice from Reynolds & Reynolds was sent to KGI in August making us aware of a new LAW 553® Retail Installment Sale Contract that would be released in October. According to the email these new contracts will reflect the new late fee increases from…
EVR and Traceable Temporary License Plate FAQs by SC DMV
These FAQs were published on Dec 10, 2018 by the SC DMV As we get closer to the launch of traceable temporary tags in South Carolina many questions are coming in from our dealers. We found these FAQs on the DMVs website and are passing…
About KGI
Over 20 Years in Business.
Based in Apex, NC.
Family-Owned and Operated.
Serving Dealers in the Carolinas.