Floorplan pressure. OEM scrutiny. Tight timelines. High stakes. Your auditor should understand that reality.
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 understand how dealerships operate. At Withum, our audits are designed specifically for dealers. Our audits are:
While audits aren’t required for every dealership, many dealers choose them for the long-term value they provide. Audited financial statements deliver the credibility, clarity, and confidence you need to help you operate with greater certainty and control.
Reach out to our Dealership Services Team to find out how a dealer-focused audit can support your dealership’s growth and financial strength.
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…
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…
