The dealership business is about selling cars, of course. But as we all know, it is also about real estate. When a dealership’s valuation is determined, the real estate is the largest component. Another important real estate-related component is determining how much rent a dealer should charge him or herself. Cushman & Wakefield returns to ABSR this week to look at that question. Read more in this issue.
Dealerships are complex businesses. Fortunately, there’s help out there to manage that complexity – software known as an Enterprise Resource Planning system. Choosing the right ERP system helps a dealership maintain processes and operate more efficiently. When you acquire a new dealership, often you must introduce a new ERP system. This week, Citrin Cooperman addresses choosing the right ERP system, and provides some helpful steps for introducing your staff to that system. Those tips apply to a newly-acquired franchise, as well.
And of course we have Transaction News.