Posts
Family and Business Separation – Is it Possible?
In a family-owned automobile business, the dealership and general business dynamics often become the center of family interaction. As the auto business grows, each family member’s lives also grow,
Aug 8, 2016
Stock Market Blues: How Does It Affect My Business?
While there is no perfect crystal ball, there is one indicator that merits strong attention – the stock market, and specifically the seven publicly traded auto retail stocks (the “publics”).
Jul 7, 2016
Finding Your Place in the Family Business
Finding your role in a family-owned dealership can be a difficult task. Not everyone is cut out or may care to take on the responsibilities of Successor/Owner, so where may you fit? Can you still participate,
Jul 7, 2016
The Implications of Rising Dealership Real Estate Values
Dealership real estate is an increasingly important factor in dealership valuation. Commercial real estate prices have risen significantly in recent years, and buyers are able to gain very attractive real
Jun 3, 2016
Four Ways to Keep Peace in the Family Business
“If I thought my business would hurt my family, I’d sell it!” exclaimed my client. I wish I had a dollar for every time I’ve heard this same concern from business owners. In contrast, the dream for most
Jun 3, 2016
How Driverless Cars Will Change Car Ownership Forever
Fast-forward 20 years. Driverless cars coast around every street in the country without a human driver behind the wheel. They've reached market saturation — the technology is as commonplace as
May 31, 2016
Dealership Employees & Compliancy
News broke recently about 5 dealership employees that were arrested and face federal charges of conspiracy, bank fraud, wire fraud, and aggravated identity-theft. This brings the total to 8 employees
May 23, 2016
NADA 2016: An Overview of the Market Ahead
This year’s AutoTeam America Buy/Sell Summit and CEO/CFO Forum at the National Automobile Dealers Association (NADA) Convention and Expo brought together several viewpoints on the state
May 16, 2016
Managing Data Security and Taming Your Biggest Risk
Data breaches and hacker access to confidential customer information is a growing fact of life. And not just for the Targets and Home Depots of the world. Your dealership and customer information
May 16, 2016