Dealership News

Key Factors for Optimizing New-Car Inventory

How Quickly is Your Dealership Turning Vehicles? Today there are many challenges facing new-car dealers. Consumers are shopping smarter and competition is getting tougher. With margins narrow and inventory levels at an all-time high, it is more difficult than ever to turn inventory. But don’t be discouraged. You can overcome these obstacles by optimizing your…

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Assessing Your Dealership’s Risk: Should I Form a Captive Insurance Company?

Brady Ware Dealership Advisors’ Sam Agresti was recently published in Car Biz Today‘s “Assessing Your Dealership’s Risk” column. In the article, Sam talks about how an enterprise risk captive can be a great option to protect your dealership against uninsured risks. He also provides key steps to consider when forming a captive insurance company that will…

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Cadillac’s New Dealer-Compensation Project Moves Onward

Why does Project Pinnacle worry auto dealers? Cadillac is moving forward with its Project Pinnacle program, despite pushback from dealers. Pinnacle is scheduled to launch April 1, and many are worried that it is a way to eliminate dealers. Cadillac rejected these claims, stating that the intent of the system is to introduce brand standards to…

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New Deadline for Micro-Captive Transactions

Disclosure Statements Deadline Extended for Micro-Captive Insurance Transactions by Anita Anand, JD, Senior Manager The IRS recently issued Notice 2017-08, which extends the deadline for filing certain disclosure statements pertaining to certain micro-captive insurance transactions that have been identified by the IRS as “transactions of interest” in a prior IRS Notice (2016-66). The original filing…

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Sales Records Raise Dealership Values

What is Your Dealership Worth: A Guide to Dealership Valuation by Michael E. Stover, CPA/ABV After the industry’s near-death experience in 2008 and 2009, with the bankruptcy of Chrysler and General Motors and the precipitous drop in units sold from 17 million to near 10 million, dealership valuations dropped significantly. But valuations have rebounded sharply,…

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