Automotive Updates

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By Phil Villegas

http://wardsauto.com/industry-voices/let-tesla-try-selling-its-own-cars

In 1895, attorney George Selden received a U.S. patent on a horseless carriage powered by a gasoline engine. The patent was written so broadly, anyone building anything that looked like a car with an internal-combustion engine would have to pay him royalties.

Axiom Advisors would like to congratulate our friends at Checkered Flag Auto Group for acquiring a Land Rover franchise as of December 31, 2012.

Checkered Flag also carries the following franchises Audi, BMW, Honda, Hyundai, Jaguar, Mini, Porsche, Scion, Toyota and Volkswagen.

 

After several months of working closely with them, Axiom Advisors would like to congratulate Purdy Motor on their first US dealership acquisition…Pura Vida!

http://www.kbtx.com/home/headlines/Atkinson-Sells-Toyota-Dealerships-to-Costa-Rican-Company-183055401.html

  • 12/06/2012
  • Updates
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  • Comments Off on Axiom Advisors is excited to announce the addition of its newest team member, Lucian Bacallao, CPA

Lucian is a CPA with 7 years of automotive retail industry experience. Lucian has worked for some of the largest CPA firms specializing in the automotive industry. More recently, for the past few years Lucian has been working at one of the largest public dealership groups.

By Phil Villegas

http://wardsauto.com/dealerships/does-fiat-really-need-stand-alone-stores

While Suzuki exiting the U.S. market does not shock me, what does surprise me is the value of the dealer network that Suzuki disregarded.

  • 11/16/2012
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  • Comments Off on Do not wait until the New Year to get your financials in shape – What Managers should be doing NOW to get ready

By Marilou C. Vroman, CPA, CFE

As the holidays approach and concentration may drift to turkey, holiday parties, and gift giving; now is the time to get dealership ready for a successful year-end and a clean, lean New Year.

By Phil Villegas

Can you trust your controller not to steal from you? Can you trust that your controller will catch someone else if they’re stealing from you? If you answered yes to both questions, congratulations! You are in a very exclusive group of dealers, one that will likely become more elite in years to come.

By Phil Villegas

http://wardsauto.com/industry-voices/now-s-time-sell-dealership

We don’t need to get too deep into statistics or demographics to know we will see some dramatic changes to the dealership body profile over the next five years.

  • 07/02/2012
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  • Comments Off on Cyclical: How Slight Changes in Dealer Retail Sales Can Signal Larger Changes in the Industry.
By Phil Villegas

Anyone who attended the 2012 NADA convention in Las Vegas likely felt the buzz of optimism by manufacturers, vendors and dealers as to the outlook of the industry. It had easily been several years since the NADA convention held the same level of energy amongst its attendees.

  • 07/02/2012
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  • Comments Off on Getting Ready for the Dealership’s Annual Parts Physical: Ideas Your Team Should Have in Place Before the Variance is Announced
By Marilou C. Vroman, CPA, CFE

Chances are most dealers and managers have either experienced first-hand or heard stories of a large parts write-off upon completion of a dealership parts physical inventory. Interestingly, while an employee may lose his or her job over a cash shortage of $200, a parts variance of $25,000 may result in only a temporary stir among the management team. After a brief search for the cause, it is often back to “business as usual” for many dealership organizations.

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