Note: This article was written by Ed Reinhard and James Bianchi of Crowe LLP, a WANADA Kindred-Line Member, and originally appeared in WardsAuto. Reprinted with permission from WardsAuto.
As the auto industry responds to changing market conditions such as ebbing vehicle sales, dealership group chief financial officers, lenders and investors sharpen their focus on dealer profitability and overall financial performance.
That’s particularly true for those dealerships that are highly leveraged due to rapid expansion in recent years. Knowing where to look, what to watch for and what questions to ask can help prevent unpleasant surprises.
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