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.
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.
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.
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.
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.