Drive Toward Success
Empowering the modern-day dealership through industry shifts. Withum helps auto and other dealerships stay competitive and profitable in today's market so they can drive toward success.
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Automotive Advisory Services
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Related Automotive Services
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State and Federal Tax Issues
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Warranty Controls
The world of automotive retail is constantly changing with new threats and opportunities evolving seemingly every day. Choosing the right path isn’t clear with so much noise in the background, yet standing still isn’t an option either. Dealers need insights to capitalize on today’s opportunities while avoiding the pitfalls of regulatory compliance and employee fraud. It’s not enough for dealers to just survive – they must thrive.
Let Withum’s dealership team of dedicated industry professionals separate the opportunities from the distractions. With clients coast to coast, Withum can assist you not just with identifying goals, but also in developing a roadmap to reach them. From strategic succession planning to buy-sells, fraud prevention to cybersecurity, Withum’s Dealership Services Team is comprised of dealership experts who just happen to be accountants.
Automotive Dealership Accounting and Advisory Services
Offering the dealership industry dependable solutions fastened with trusted guidance. We fill your needs with car sales accounting, car and other dealership revenue recognition and internal audits as well as automotive accounting consulting.
Retail Automotive Accounting Services
- Account Reconciliations
- Dealership Compliance
- Internal Controls Assessments
- State and Federal Tax Issues and Guidance Sales Tax Compliance and Nexus
- Warranty Processing Controls
- Parts Inventory Controls Outsourced Accounting and Finance
Retail Automotive Advisory Services
- Dealership Valuation
- Due Diligence: Sales, Mergers and Acquisitions
- Litigation Support/Expert Witness Consultation
- Succession and Estate Planning
- Fixed Operation Overviews
- Warranty Processing Controls
- Warranty Parts and Labor Optimization
- LIFO Services
- Parts Inventory Controls
Dealership Challenges and Trends
Mergers and Acquisitions and Succession Planning
What will your dealership group look like in five years? To ensure the future of your dealership group in the way you have envisioned, it is imperative to have a well-thought-out, strategic plan in place. Keeping assets protected, preserving wealth, and creating a plan creates a safety net for you and your business, whichever road you choose to take.
Digital Retailing and New Technology Adoption
We know the importance of a first impression. Today that impression can be made solely through your digital presence. To maximize gross, retain customer loyalty, and be able to utilize data analytics at your dealership requires a deep understanding and adoption of these technologies. Your website is the new showroom and it’s never been more important to make sure the lights are on.
Very few dealerships operate at their full potential – with many generating average revenues and gross. With a little insight and a roadmap, almost every dealership has the potential to generate a strong bottom line. Allow our team, experienced in both sales processes and fixed operations, to map your path to record profitability.
Fixed operations present the greatest opportunity for profit improvement at the average dealership. Most of today’s dealers and GM’s grew up in the sales departments so they don’t know what they don’t know. And what they don’t know is costing them. Our team of operational experts can assist with the groundwork of the parts matrix, warranty reimbursement, and processes to minimize your exposure to warranty audits.
Women in Automotive
Proud of where we came from. Proud of where we’re going. Proud to support the #WomenInAutomotive. With experience working in different roles within the dealership, all of the roads have crossed and met here at Withum. As we continue to contribute to the auto industry, we hope to cross paths with you on your journey, too. Hear three stories from our #WomenInAutomotive team members, on how their journeys have positioned them to help put dealerships on the road to success.
Check out other Women in Automotive insights:
Industry Involvement
Withum's Automotive Services Team is an active member of national and local centers of influence.
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