Dealership Services
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 Services 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 team is comprised of dealership experts who just happen to be accountants.
Dealership Challenges and Trends
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.
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 it 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.
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 Parts and Labor Optimization
- LIFO Services
- Parts Inventory Controls
Leadership
Insights
Dealer Vision: Volume XII
Withum shares in our latest Dealer Vision how you can keep your dealership propelling forward, keep your cost at a minimum and savings at a maximum, and how supply chains […]
Process Nostalgia
We’ve seen a lot of change in the past few years, haven’t we? New ways of managing inventory, marketing, and hiring staff. While there’s been some great innovation and opportunity, […]
The Cost and Savings of Promoting From Within Your Organization
With an industry as unique at the dealership industry, hiring managers often look within their organizations when trying to fill open positions in the back office. This is a double-edged […]
