- After several slow years in the aftermath of the financial crisis, auto dealership merger and acquisition (M&A) activity picked up substantially in the United States in 2013 — and one industry source indicates that dealerships are currently priced at all-time highs. This article lists a number of factors driving this trend and discusses the different types of buyers and their motivations. While this is currently an opportune time for sellers, a sidebar points out that, in today’s low-yield investment environment, many automotive dealership buyers see acquisitions as an opportunity for high return on investment.
- In this issue, “Dealer Digest” takes a look at the uncertain future of dealer reserve auto financing. It also discusses why, at least in the near term, driverless driving will not likely be the main benefit of driverless cars, and why, with more young buyers entering the automobile market, it might be time for dealerships to overhaul their showrooms — and the way they sell vehicles.
- On a quarterly basis, Baker Tilly conducts a benchmarking study of auto dealerships. Respondents to the most recent study were primarily dealerships located in the Upper Midwest.
- The AutoTeam America CEO/CFO Forum was designed to bring a wide variety of timely educational programming to dealers along with strategies and perspectives which can assist them in their day-to-day operations.
- The Financial Accounting Standards Board (FASB) endorsed two US generally accepted accounting principles (GAAP) alternatives for private companies, which related to accounting for goodwill and a simplified hedge accounting approach for certain interest rate swaps.
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