Dealership News

Georgia Expands Definition of “Dealer”

Georgia Expands Definition of “Dealer” Creating Economic Nexus for Sales and Use Tax Effective January 1, 2019, Georgia has enacted legislation to expand the definition of a “dealer” for sales and use tax purposes. The term has been expanded to include those with retail sales of tangible personal property (TPP) from the previous or current…

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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…

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New Tax Law and Your Dealership

Are you doing significant upgrades to your store or building a new store? Are you properly structured to write off the most you can with the new tax law? As we dive deeper into the recent tax law, there are some major changes that will have an influence on your dealership. Under the legislation, floor…

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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…

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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…

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