The Future of EVs: Federal and State Incentives for Consumers and Businesses, A Comprehensive List
By Ken Rosenfield, CPA and Cathy Delgado With the wake of manufacturers headed towards the latest paradigm of Electric Vehicles (EVs), all kinds of programs are being launched in the form of incentives for consumers and commercial businesses, with facility requirements on the dealer side as well. There are both Federal and State Incentives and […]
Now What? Insight into Navigating the Automotive Industry’s Inventory Shortages in the Aftermath of the COVID-19 Pandemic
By Ken Rosenfield, CPA As we approach the final few months of 2021, we are receiving an influx of calls and emails from our automotive dealer clients about how to deal with waning inventory levels for the remainder of the year. One of our clients shared with us that their dealership is only receiving deliveries […]
Good Habits Are Made in The Bad Times: Helpful Ideas for Automotive Dealers during the COVID-19 Crisis.
This is a great time to “one up” Carvana. Franchised dealerships are in a better position to sell cars online and to fully consummate the sales transaction. Enhancing your technology to sell over the internet and finalize finance contracts is at the highest priority. Each state has varied laws for unwinding such deals and customers […]
Developing a Pricing Strategy to Make a Dealership Investment Pay Off
By Kenneth R. Rosenfield, CPA, Managing Partner Off we go on short notice to look at some dealerships with a client that is considering an acquisition. We get the first look at the statements on the plane flying to the proposed stores. The dealerships make decent net to sales, but not due to high grosses, […]