Auto Dealerships

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First Quarter Industry Newsletters

Quarterly collection of current topics, news alerts and industry updates. Auto Dealerships Newsletter – March 6, 2018 Business Valuation Newsletter…

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The Value of an Auto Dealership

Many auto dealership owners have a preconceived notion of what their businesses are worth. It might be based on a…

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Why Your Dealership Needs Good LIFO Records

Recordkeeping is often essential to business operations and automobile dealerships are no exception. Case in point: Many auto dealerships use…

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5 Tips for Managing Inventory

If you’re like many dealers, your vehicle inventory may have yo-yoed over the last few years. You likely experienced a…

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Urgent: Congress Agrees to New Tax Reform Bill

In light of recent legislation passed by the House and Senate, we are providing an update on the new tax…

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Recent Incidents Fuel Concerns over Breach Response

Could your data be hacked? Unfortunately, every organization — including for-profit businesses, not-for-profits and government agencies — is vulnerable to cyberattacks…

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Succeeding At Business Succession

Inc magazine reported that sixty-six percent of small-business owners have no formal succession plan.1 While the number may shock you, it probably…

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From Counting Transactions to Cultivating Relationships

With technology at the forefront of modern communication, more and more people are turning to the Internet to stay abreast of…

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Ten Steps to Improving Used Vehicle Sales

To be a successful auto dealer in today’s economic environment, you must be willing to adapt to changing conditions. For example,…

Handling a Parts Inventory Cut-off

It’s a golden rule within the automotive industry to count your parts and accessories a minimum of once a year. The…