Another annual record was set in 2016 for vehicle sales, thanks to growth in trucks and SUVs/CUVs. Most auto industry experts expect sales in 2017 to be much the same, or slightly less, as in 2016 – but they said that last year, too. Consumers and business owners are feeling better about the future […]
Join us Thursday, January 26, in New Orleans, for the 4th Annual Dealership Buy/Sell Summit and 23rd Annual CEO/CFO Forum during the NADA Convention.
U.S. light vehicle sales growth is expected by many industry experts to fall to low single digits in 2016. Growth is expected to slow as dealers are experiencing falling gross profit margins and manufacturers increasingly rely on incentives to boost sales. Many industry leaders believe 2016 is the beginning of a new phase for the […]
HHM Auto Group will be participating in two events at the NADA Convention in Las Vegas this year. The 3rd annual Dealership Buy/Sell Summit and the 22nd annual CEO/CFO Forum are presented by AutoTeam America – a network of 11 CPA firms that serve over 2,000 dealerships nationwide. Held in the Florentine Room at Caesar’s […]
Low gas prices and easy credit translate into strong volume and sales of larger ticket vehicles for dealers going into 2015. U.S. sales of cars and light trucks totaled 16.5 million in 2014, over a million more sales than in 2013. The industry’s sales in 2014 surpassed the 16 million mark for the first time […]
Just a few more days until AutoTeam America presents its 21st Annual CEO/CFO Forum entitled “Managing Growth in Prosperous Times.” Register now for the January 22 event in San Francisco, CA, by clicking here.
AutoTeam America has announced the location for their 2015 2nd Annual Dealership Buy/Sell Summit and 21st Annual CEO/CFO Forum. The event will be held January 21-22 in San Francisco, CA at the Julia Morgan Ballroom of the Merchants Exchange (465 California Street, 15th Floor San Francisco, CA 94104). To RSVP and for more information on […]
Rarely does a certified public accounting firm share information about clients. Public accounting is cloaked in confidentiality and privacy is of the utmost importance. As a general rule, CPA firms also keep their client names confidential, too. But sometimes, our clients develop solutions and innovations so good that we request permission to share with others. […]
Will auto dealers continue to enjoy the post-recession rally in 2014, or has the benefits of pent-up demand been fully spent? After another strong year for unit sales and price increases in 2013, auto dealers may be facing a more challenging environment in 2014. Headwinds in the form of higher interest rates and a […]
Tax rates aren’t the only things changing after 2013. Beginning January 1, 2014, standard mileage allowances will adjust downward. Notice 2013-80 provides that the standard mileage rate for transportation or travel expenses will be 56¢ per mile for all miles of business use (business standard mileage rate). The standard mileage rate will be 23.5¢ per […]