Dealership News

Go Green, Save Green

Tax Breaks for Saving Energy Earth Day is April 22. This occasion reminds us to consider implementing changes to help reduce the amount of energy we consume. But “going green” isn’t just good for the Earth — certain energy-saving expenditures also may qualify for generous tax breaks that are good for your pocketbook, too. Here…

Read More

New Tax Law Implications on Bonus Depreciation for Dealerships

As the industry moves into 2018, there are some major changes in the Tax Cuts and Jobs Act (TCJA)  that will have an influence on your dealership. Under the legislation, floor plan financing interest will still be fully deductible as opposed to other types of debt financing interest that will be generally limited to 30%…

Read More

New-Vehicle Loan Terms Escalate

Why Are Borrowers Financing Longer Loans? Buyers are financing more expensive vehicles by stretching out their loans over a longer period of time. The estimated transaction price for a new light-vehicle is about $34,442 with buyers financing (on average) $30,945 of it. Therefore, the loan terms have reached a record high of 69.3 months, allowing buyers…

Read More

New-Car Glut Drives Vicious Cycle

Rising inventories on new cars and trucks are threatening the auto industry’s growing sales. For years, experts have been warning automakers about the return of off-lease vehicles flooding the market. The auto industry has taken their warning with some indiscretion, but Wall Street analysts have recently picked up on the trend of downward prices. It…

Read More

Wall Street Throws a Curveball for Automakers

U.S. automakers are desperately working to turn inventory while overcoming many hurdles such as new-car inventory overflowing lots, declining sales, and a growing used-car surplus that is driving down the resale value on leases. Adding to the pressure, financial institutions have decided to tighten their credit lines for new vehicle purchases. Throughout recent years, Wall…

Read More

Page 1 of 3123
Scroll Up