BDO Driving ProfitsNewsletter
The dealership industry is continuously in flux. Success depends on understanding and adapting to ever-changing external factors such as seasonal trends, the state of the economy and shifting consumer preferences. At BDO we understand the issues faced by dealerships of all sizes and varieties. Whether your business is a closely held family venture, a large regional dealership group, or a multi-regional public company, we can help you navigate the route to financial stability and success.
Created with a combination of editorial expertise and industry knowledge, the Driving Profits quarterly newsletter features timely and relevant information to keep busy dealership leaders like yourself on top of the trends and best practices that are shaping the Automotive industry.
People who know Auto Dealerships, know BDO.
March 2023 Issue
An Update on Renewable Energy Tax Credits for Dealerships
March 22, 2023An Update on Renewable Energy Tax Credits for Dealerships
March 22, 2023The Inflation Reduction Act has created an opportunity for companies to advance clean energy commitments while lightening tax burdens. Learn what auto dealerships need to know.
Sales Tax: Common Risks, Overlooked Deductions and Refund Opportunities for Dealerships
March 22, 2023Sales Tax: Common Risks, Overlooked Deductions and Refund Opportunities for Dealerships
March 22, 2023This article summarizes some common risk areas, overlooked deductions, and refund opportunities for dealerships.
November 2022 Issue
Dealerships and Unclaimed Property – What You Need to Know
November 14, 2022Dealerships and Unclaimed Property – What You Need to Know
November 14, 2022Across the country, states are conducting unclaimed property audits of dealerships. Whether an item may be considered unclaimed property often requires a review of the dealership’s policies and procedures, as well as an understanding of how those items are recorded by the dealership.
States’ PTE Tax Elections: Status and Issues to Consider for Dealerships
November 14, 2022States’ PTE Tax Elections: Status and Issues to Consider for Dealerships
November 14, 2022Nearly 30 states now allow pass-through entities to elect to be taxed at the entity level as a workaround to the $10,000 federal state and local tax deduction limitation known as the “SALT cap.”
Newly Updated FTC Safeguard Rules & The Impact To Dealerships
November 14, 2022Newly Updated FTC Safeguard Rules & The Impact To Dealerships
November 14, 2022Auto dealerships have plethora of business-related items to deal with on a dayto-day basis.
August 2022 Issue
A Value Perspective on the Auto Dealership Industry
August 17, 2022A Value Perspective on the Auto Dealership Industry
August 17, 2022The automotive industry is constantly evolving and is once again at a critical inflection point as businesses seek to adapt to changing consumer preferences, navigate supply chain uncertainty, and revolutionize their technology.
Potential Tax Benefits of Capital Investments for Auto Dealerships
August 17, 2022Potential Tax Benefits of Capital Investments for Auto Dealerships
August 17, 2022Auto dealers are navigating unprecedented market conditions, and most are experiencing an improved bottom line and healthier cash flow.
June 2022 Issue
The War For Talent: Do Dealerships Stand A Chance?
June 21, 2022The War For Talent: Do Dealerships Stand A Chance?
June 21, 2022According to the 2021 Cox Automotive Dealership Research & Market Intelligence Staffing Study, sixty four percent of the 400 individuals working for companies outside the auto industry stated they did NOT want to work in an automobile dealership.
Proposed Relief for Dealerships Using LIFO
June 21, 2022Proposed Relief for Dealerships Using LIFO
June 21, 2022The supply chain for many U.S. companies was disrupted due to the global COVID-19 pandemic, and inventory levels at the end of 2020 and 2021 were significantly reduced. As a result, many companies using the last in, first out (LIFO) inventory method experienced an involuntary liquidation of their LIFO layers.
Prepare to Shift – Adding Electric Vehicle Infrastructure For Today’s Automotive Retailers
June 21, 2022Prepare to Shift – Adding Electric Vehicle Infrastructure For Today’s Automotive Retailers
June 21, 2022With automotive OEM’s expanding their Electric Vehicle (EV) offerings with ever more attractive models and range extending capabilities that allow consumers to drive ever farther, the market is poised for significant growth.
February 2022 Issue
Why Dealerships Must Prioritize Cybersecurity
February 21, 2022Why Dealerships Must Prioritize Cybersecurity
February 21, 2022Every business, no matter what line of work they are in, needs to secure their data and do everything they can to prevent accidental leakage or malicious attacks.
Renewable Energy Tax Credits for Dealerships
February 21, 2022Renewable Energy Tax Credits for Dealerships
February 21, 2022The case for sustainability — and for sustainable business — has been building on a global stage for many years. A growing number of consumers are taking into consideration the environmental impact of not only their purchases, but also the businesses from which they are buying.
The Rise of Electric Vehicles
February 21, 2022The Rise of Electric Vehicles
February 21, 2022The automotive industry is experiencing a convergence of disruptions unlike any seen since 1910. Autonomous, connectivity, electrification, mobility, and subscription business models are reshaping the automotive industry and creating a frenzy of activity.
October 2021 Issue
Ransomware at Dealerships
October 14, 2021Ransomware at Dealerships
October 14, 2021Dealerships are relying on their cyber infrastructure now more than ever as one of the most pervasive and devastating cyberattack vectors as ransomware continues to gain popularity among attackers.
How to Prepare to Sell Your Dealership
October 14, 2021How to Prepare to Sell Your Dealership
October 14, 2021If you are an owner contemplating selling one or more of your stores, there are several steps you should take first before you even pick up the phone to call a broker.
The Impact of the Digitally Driven Buying Experience on Dealerships
October 14, 2021The Impact of the Digitally Driven Buying Experience on Dealerships
October 14, 2021The impact of digital is creating a dramatic shift to a new normal in traditional automotive retailing.
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