Baker Tilly International Releases Results of 2014 US Dealer Survey
Baker Tilly International (BTI) is one of the world’s leading networks of independently owned and managed accountancy and business advisory firms. Each year the organization conducts a survey of U.S. auto dealers. MBAF, along with five other firms with practice areas specializing in automotive dealerships, surveyed clients in order to track trends and expectations over the next 12 months. The results were interesting and enlightening.
Points to Ponder Before Adding an Additional Franchise
As discussed in this issue’s cover story, the recent Baker Tilly International survey of auto dealers revealed that adding additional franchises was one of the most significant growth areas anticipated over the next 12 months.
However, whichever side of that equation you find your dealership on, whether you are the one buying or selling a franchise, there are many things you must consider, particularly from a tax and accounting standpoint.
Your Family’s Future – Succession Planning for Your Dealership
2014 has been the year of the big turnaround for the U.S. auto industry. Steady growth since January has seen sales and market share surging to pre 2008-2009 levels. According to the latest Wards Auto forecast, U.S. automakers are expected to “maintain solid year-over year gains in October, delivering 1.28 million light vehicles over 27 selling days.” This forecast equates to “a 16.4 million-unit SAAR, a tick above the 16.3 million year-to-date SAAR through September.”