Dealership Advisory Services
Withum’s Dealership Advisory Services Team performs a variety of consulting services to dealers, from independent bank reconciliations in conjunction with reviewing canceled checks to critiquing finance reserve reconciliations to ensure that chargebacks and differences are being recorded timely. Streamline the floor plan reconciliation process with the use of data extraction.
Comprised of individuals with in-depth automotive dealership experience, we understand the industry and are geared to providing real solutions and services personalized to guide you down the road of success. Withum’s Dealership Advisory Services Team is highly experienced in helping auto dealerships maintain compliance with consumer, labor, employee and motor vehicle regulatory issues as well as federal and state tax issues. From reviews of state licensure and sales tax compliance to overviews of state and federal tax filings, our dealership advisors have assisted hundreds of single-point and mega dealers in meeting their business objectives. We deliver timely, accurate and meaningful information that you need to stay competitive and profitable.
Additional Dealership Advisory Services
- Fixed Asset Analysis
- Inventory Controls
- Physical Inventory Observations
- Warranty Parts Analysis
- Fixed Operations Overviews
- Time Card Reviews
- WIP Analysis
Contact Us
For more information or to discuss your business needs, contact Withum’s Advisory Services Team.
Leadership
Insights
Dealership Fraud: Post-COVID Risks, Detection and Response
The 2022 Association of Certified Fraud Examiners’ Report to the Nations (“ACFE Report”) estimates that the average fraud scheme lasts 12 months, costing organizations a median loss of $117,000 per […]
Assessing Floor-Plan Debt
If you own a well-established automobile dealership and have a strong credit rating; it is likely that you are carrying floor-plan debt that you rarely think anything about. Based on […]
Pray for Too Much Inventory
Last year our 2020 year-end issue highlighted that the threat to our industry didn’t come from Tesla or Uber, but rather our own OEMs. Fast forward a mere 12 months […]