Auto dealers operate many different businesses under one roof. Each profit center (new vehicle sales, pre-owned vehicle sales, service, finance, etc.) is a crucial component of the whole business. Understanding the auto dealership business requires a professional that comprehends the unique aspects of the industry.
Over the past several years the auto dealership industry has undergone a tremendous amount of change which has required dealerships to act quickly to remain competitive. There is no question that it will continue to evolve and change. Understanding the financial ramifications of change requires the assistance of an experienced CPA Firm.