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.
In recent years, the term “unreasonable” has dominated the landscape of the warranty reimbursement space. Many dealers’ warranty parts and labor rate submissions have been adjusted or even denied based on claims by the original equipment manufacturers (OEMs) that the rates were “unreasonable” compared to the practices of other dealers in the market. Because warranty…
Dealerships can be valued using several approaches, including the income, market and asset approaches. Within each approach, various methods and assumptions may be considered. A dealership valuation typically includes tangible assets such as cash, inventory and equipment, as well as goodwill, more commonly known as “blue sky” associated with the dealership. This FAQ explores the…
Auto dealers that sell to New York residents should understand how the state’s waste tire management and recycling fee may apply beyond state lines. Here’s what out-of-state dealers need to know to stay compliant and avoid unexpected filing obligations. Who Must Collect the New York Waste Tire Fee? If you are an out-of-state tire service,…
