Insights

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Auto Dealership Valuations in a Normalizing Market Environment

Auto dealers are experiencing one of the most unusual transition periods the industry has seen as pandemic-driven profitability returns to more traditional levels. Inventory shortages that once pushed gross profit-per-unit to historic highs have eased, yet dealership performance remains elevated by long-term standards. Blue sky values, while off their peak, continue to sit above historical…

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Car Shopping: Exploring the auto Market with a Magnifying Glass
Hidden Fraud in Dealerships

When we think of internal fraud within a dealership, the focus generally falls on the accounting staff – those with direct access to withdraw funds. But fraud can occur in less obvious ways, still with staggering impacts on the bottom line. How much input do managers have on your monthly financial statement results? General managers…

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dealer detail video series
Dealer Detail – Quick Facts on How To Maximize Profits, Cut Costs, and Boost Efficiency in Your Dealership

Introducing Dealer Detail, a video series focused on the key business topics for auto dealers and dealership professionals.

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Driving Profit Through Fixed Operations: How a Strategic Parts Matrix Can Keep Your Dealership Thriving

As vehicle gross profit per unit faces downward pressure, successful dealers are shifting their attention to fixed operations—specifically the parts and service departments. Why? Because the service drive offers a significant opportunity, one that’s essential for sustaining profitability as the age of vehicles continues to grow, extending the period for which vehicle owners seek highly…

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high-tech car, automotive technology
The Future of Automotive Retail: Insights From the 2024 AICPA Dealership Conference

For automotive accountants and CFOs, the AICPA Dealership Conference is the ultimate destination to connect with industry contacts, clients, and fellow accounting firms to discuss the latest hot topics and trends for the current and upcoming year. We at Withum look forward to attending year after year and highly recommend this event to our clients,…

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car dealership finances
Tax Planning Strategies for Car Dealerships: Cost Segregation

Owning a car dealership can present a golden opportunity to reduce your tax liabilities. One such opportunity is cost segregation, allowing dealerships to speed up depreciation deductions, which can lead to significant tax savings early on. In this article, we’ll break down cost segregation, explain how it works, and show why it’s crucial for improving…

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