Introducing Dealer Detail, a video series focused on the key business topics for auto dealers and dealership professionals.
The mission of Dealer Detail is to provide practical insights and detailed information on dealership-related accounting and finance topics in a mini-episode format. By providing expert advice and practical tips, our goal is to inform, educate, and support dealership professionals in navigating the complexities of the industry.
Each Dealer Detail segment focuses on current and relevant topics such as dealership transaction services, valuation, forensics, outsourced accounting, warranty reimbursement, buy/sell, and more. Through engaging and informative conversations, experts from Withum’s Dealership Services Team helps to equip auto dealers and dealership professionals with the tools and knowledge they need to succeed in their field.
At Withum, we have a comprehensive playbook that outlines every aspect of the transaction, from Blue Sky Goodwill to new car inventory to work in process and more, to ensure a smooth transition. Partnering with a firm that helps you create accurate and transparent financial records while understanding the challenges of reconciling records post-closing is worth its weight in gold.
Watch on YouTubeAfter the sale, Withum can help get your new Dealership Management Systems (DMS) up and running. Whether you’re transitioning from a high-end system to a more cost-effective option or the opposite, learn about the critical decisions involved in programming, accounting, and expense allocation that can make or break dealership operations.
Watch on YouTubeLearn about the importance of accounting for employee paid time off, handling advertising accruals, and managing co-op funds. Discover how to ensure fair treatment for both buyers and sellers and avoid last-minute surprises at the closing table.
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Dealer Detail offers insights and practical guidance on dealership-related accounting and finance topics, helping professionals navigate the industry’s complexities. Subscribe to Withum’s YouTube channel for more exciting episodes!
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For more information on this topic, please contact a member of our team.
Floorplan pressure. OEM scrutiny. Tight timelines. High stakes. Your auditor should understand that reality. 4 Reasons Why Audits Matter to Dealers What Makes Our Dealership Audits Different Dealers tell us they want the confidence that their financials will stand up when lenders, OEMs, or buyers ask tough questions. Many CPA firms perform audits. Few truly…
Franchise auto dealerships experienced an unusual period of profitability between 2020 and 2023, driven by supply constraints, shifting consumer demand and changing market dynamics. While many operating metrics have since moved closer to historical norms, the industry’s pandemic-era performance continues to influence how dealerships are valued today. The unusually strong earnings generated during that period…
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…