EDWARD LAPHAM COMMENTARY: A $750,000 California headache
Even Gov. Schwarzenegger couldn't fix this.
Since Jan. 1, California has required new language in the standard retail installment contract used by [motor vehicle] dealerships, stipulating that the contract be on a single page. The result is a document 8 ½ inches wide by 25 ¾ inches long.
That caused a headache for Reynolds and Reynolds Co. of Dayton, Ohio.
Although Reynolds is a leading supplier of dealership management software, its original business was supplying paper forms to dealerships. Its Law Printing Co. subsidiary still produces the standard retail installment contract used by dealers across the country -- including all 1,700 new-vehicle dealers in California.
Reynolds has a printing press that can handle the new super-sized sales contract but it had to invest $750,000 in a custom collator that assembles the white, canary, pink and goldenrod copies of the contract into a single bound form.
The new collator can accommodate up to a 30-inch form.
Why so long? Chances are Reynolds will need it. ...
source:
www.automotivenews.com