I have to start this posting by congratulating all dealers and those servicing the auto industry for weathering such a turbulent time. I am more impressed than ever by the resiliency and ability of our clients in particular who have navigated through the everchanging landscape of speed bumps, if not land mines.
We are advised daily by the media of the plight of the auto dealer. But does anyone provide answers to the questions we have? Just like the peanut vendor Sebastian Dinwiddle, who asked the St. Louis Wolves manager, Dexter Broadhurst, I’m curious to know…..
Who’s “Government Motors?”
What’s become of Chrysler Credit?
I don’t know when cash from Clunkers is coming – does anyone?
Why is the floorplan rate being increased when a bank’s federal funds rate is 25 bp?
Because they have to write-down real estate loans, doesn’t seem like a dealer’s fault.
Tomorrow may be too late for inventory to arrive.
Today perhaps the outcome will be as bright as Costello described the action to Abbott: “I throw the ball to who…the guy runs to second. Who picks up the ball and throws it to what. What throws it to I don’t know. I don’t know throws it back to Tomorrow.
Let’s hope New, Used Parts, and Service hit home runs soon!
On behalf of all those at Schneider Downs, we do “give a darn.”
NOTE: The full transcript of Abbot and Costello’s “Who’s on First” can be found at www.baseball-almanac.com/humor4.shtml
Schneider Downs provides accounting, tax and business advisory services through innovative thought leaders who deliver the expertise to meet the individual needs of each client. Our offices are located in Pittsburgh, PA, and Columbus, OH.
This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax-related matter.