According to recent reports, buy sell activity slowed in the second quarter of this year. Trade tensions played a role, but the fact the publicly-owned dealership groups were largely absent from the market seems a bigger factor.
The rest of the year is a mixed bag. Interest rates should be going down. But the spike in oil prices from the attack on Saudi oil facilities may weigh down the economy. Buy sell professionals seem plenty busy, however. So they keep reading ABSR!
This week, we return to the theme of due diligence, but with a twist. Kendall Rawls points out that cultural due diligence is also an important pre-buy or pre-sell activity. A cultural mismatch can result in the loss of important employees and community standing.
You acquire a dealership or dealerships that uses a different DMS than your other dealerships. Changing it would disrupt the new stores’ process. But there are compelling reasons for standardizing the DMS – and thus the accounting systems — across all stores, not the least of which is it can help to prevent fraud. In this issue, MBAF looks at the reasons to convert new acquisitions to the your standard accounting system.
And most importantly, we have Transaction News.