Who's On First - A Look at the Auto Industry


By Paul Matvey

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 whatWhat throws it to I don’t knowI don’t know throws it back to Tomorrow.

Triple Play! 

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.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2019 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.