• Is The Subprime Bubble About to Pop?

    Christine Taylor - Christine Taylor

    Christine Taylor

    There seems to have been a rebirth in auto sales over the past few years. The headlines say it all: “Used car market expected to roll in 2014” and “Forecast Strong for Used Car Sales Through 2020.” Cue the ticker-tape parade and big-band swing because Happy Days are Here Again! Right?

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  • Thoughts and Observations on the Marketplace

    Chris Leedom - Leedom

    Chris Leedom

    Wow, that last issue generated a lot of feedback. Our July issue on the impact of regulation was our most talked about issue in several years. One general trend we heard was “as a small business, I can’t afford much more regulation and bureaucracy.” I would humbly submit the only way to make a difference is to get involved. Too often as small business owners we do not fully appreciate the impact our voice can have – particularly on the state and local level. I felt it timely to offer this viewpoint given we are headed into the 90 day election cycle where advertising costs go up for us as dealers. Shift a small portion of your budget into backing the candidates that you believe in. Enough said about that topic.

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  • Good Banking: An Accountant’s Perspective

    Dave Wiggins - CliftonLarsonAllen

    Dave Wiggins

    After the recent recession and bank crisis that occurred, maintaining a strong relationship with your bank or other financing source is more important than ever. For many of us, our bank is our partner in the truest sense of the word. If they decide they will not continue to lend to us, it will often result in our dealership or related finance company (RFC) closing. At a minimum, it creates stress for us as we search, and work to get approved, by another bank.

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  • More Scrutiny On Dealer Advertisements

    Thomas Hudson - Hudson Cook, LLP

    Thomas Hudson

    The Federal Trade Commission has been on the warpath when it comes to dealer advertising. Its national program, Operation Steer Clear, has gotten a lot of recent press coverage.

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