If you prove you can turn around a poorly-performing dealership, will the manufacturers be more likely to turn to you when they want to oust a dealership’s owner? Mark Rikess is betting they... Read more
Leonard A. Bellavia, senior partner at Bellavia Blatt & Crossett P.C. If it were happening during the Prohibition era, they would be called “rum-runners. But because the selling or leasi... Read more
Around 2000, Red McCombs, famous Texas business man and the founder and owner of Red McCombs Automotive Group, proved he has excellent foresight. McCombs, now 87, called a meeting at the San... Read more
In late May, Larry H. Miller Dealerships launched LHM Fast Pass. Consumers are increasingly turning to the internet for all their shopping needs, and asking for a less time-consuming vehicle... Read more
By Richard H. Kotzen, CPA, partner, Crowe Horwath LLP Virtually everyone in the retail automotive industry seems to agree that merger and acquisition (M&A) activity these days is hot – a... Read more
By Kenneth R. Rosenfield, CPA With over 70 percent of General Motors dealerships having completed their required remodel or new construction of facilities, what is next for the Essential Bra... Read more
By Mercedes Hendricks, CPA & Partner, Dannah Capital Partners There is no doubt the automotive retail industry is in a dynamic buy-sell environment. Dealership valuations are about as hi... Read more
By Dan Schneider, Rawls Group If you plan to sell your dealership, some would say succession planning is a waste of time, emotional energy and money. They might be right. However, I would en... Read more
