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New Revenue Recognition Standard Will Impact Auto Dealers

In May 2014, the Financial Accounting Standards Board (FASB) issued accounting standard update (ASU) 2014-09, Revenue from Contracts with Customers, intended

Application to Receive Funding for On-Road and Class 8 Fleet Vehicle Projects in Pennsylvania Now Available!

As you know from our previous articles (Volkswagen Environmental Mitigation Trust Fund), Volkswagen is obligated to fund various environmental trusts for

Hello from the 2019 Auto Summit at the NADA Convention

San Francisco was the happening place this past weekend for the National Automotive Dealership Association Convention. The West Coast had a feel of home

Transportation and Logistics to Continue Strong, if Slower, Growth in 2019

The bustling U.S. economy – led by robust consumer spending and energetic demand on durable industries like construction, manufacturing and mining
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Schneider Downs Sponsors the 2018 Pennsylvania Automotive Association Fall Conference

Last month, Steve Barber and Henry Szymanski from our Auto Dealer Advisory Group attended the 2018 Pennsylvania Automotive Association (“PAA”)

United States-Mexico-Canada Agreement (USMCA) Finalized

On August 27, the existing North American Free Trade Agreement (NAFTA) was replaced with a new tentative accord between the United States and Mexico. The

The U.S. - Mexico Trade Agreement Impact on U.S. Manufacturing

The North American Free Trade Agreement (NAFTA) has been in the news recently, which is not surprising since President Trump signed an executive order

How are Automobile Dealerships Valued?

Typically, when valuing a business, three approaches to valuation are considered: the income approach, the market approach and the asset-based approach.
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Like-Kind Exchanges Are No More For Vehicles. Don't Panic - Bonus Depreciation and Luxury Auto Limits Have Increased

The 2017 Tax Cuts and Jobs Act (TCJA) made significant changes to the property eligible for tax-free treatment in like-kind exchange transactions under
Automobile
Bob Bandi | 6.4.2018

CFPB Auto Dealer Regulation Overturned

On May 21, 2018, President Donald Trump signed a resolution of disapproval effectively reining in the ability of the Consumer Finance Protection Bureau
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