NADA Conference and Motor Dealership update. Access a copy of the presentation.
The owners of the business have invested sometimes millions of dollars to create and sustain a modern, functioning dealership. The goal is to satisfy customers and produce a profit.
Download - Service Department Fundamentals The Profit & Loss Equation – “a fine line”
MDS Salary Survey 2009
The BDO motor dealer salary survey is considered to be a valuable resource in assisting dealers to manage their human resource (HR) function. BDO provides advice to motor dealers nationally in the areas of audit, tax, consulting and general accounting.
Queensland roadshow motor industry update
BDO is the strongest national supplier of compliance and accounting services to all types of motor dealerships throughout Australia.
NADA 2009 update
The 2009 NADA convention hosted in New Orleans recently was attended by our Motor Dealer Services team. Click here to read a review on the convention.
NADA 2008 update
The 2008 NADA convention hosted in San Francisco recently was attended by our Motor Dealer Services team. Click here to read a review on the convention.
Fraud in dealerships
Would losing $200K in a year affect your cashflow? While for many this would have a severe impact, in some instances it may go unnoticed for many years. So how can you minimise the risk of fraud?
Exit strategies for smooth succession
Succession strategies provide certainty for owners and their business as well as manage significant risk. The more time spent planning, the smoother and more effective it will be: succession is a process, not an event.
Building an effective HR function
Dealerships of all sizes face increasingly difficult times in managing their staff due to the range and complexity of legislation surrounding unfair dismissal, workplace health and safety, workplace bullying and anti-discrimination.
Attracting and retaining staff
In a recent study 81% of CEO’s surveyed rated recruiting and retaining skilled employees as the number one challenge for business in Australia.
Pension drawdown relief
Under the current superannuation rules it is a requirement that at least
the minimum income stream payments are made from a superannuation
account-based pension before 30 June each year.
LCT 33per Revised & Reintroduced
The original Tax Law Amendment Bill 2008 to increase the Luxury Car Tax (“LCT”) from 25% to 33% defeated by the Senate has since been revised, with a number of amendments. The reintroduced Bill includes concessions on the LCT to farmers and tourism operators.
MDS Salary Survey 2009
The BDO motor dealer salary survey is considered to be a valuable resource in assisting dealers to manage their human resource (HR) function. BDO provides advice to motor dealers nationally in the areas of audit, tax, consulting and general accounting.
Automotive Dealerships are in business to make a profit!
The owners of the business have invested sometimes millions of dollars to create and sustain a modern, functioning dealership. The goal is to satisfy customers and produce a profit.
Service Department Fundamentals
2009 will continue to be a challenging year. In these times Service Departments need to reflect and apply key basic principles to ensure their performance is maximised and contributes to the overall success of the dealership.
The Service Department sells hours, which are a "perishable" product - once the hour has passed so has the opportunity to sell it. Accurately measuring and tightly controlling hours is vital.
Dealership Payroll Internal Controls Checklist
Payroll fraud is the most common type of fraud in business today, and the nature of a dealership business with high turnover and low margin increases the risk. To minimise a dealerships exposure to fraud an effective internal control system is imperative.
Key Performance Indicators – Luxury & Non-Luxury editions 2009
Motor Dealer Services Key Performance Indicators
Luxury Edition 2009
ACCC Pricing Manual for the Motor Vehicle Industry
New all inclusive pricing rules in the Trade Practices Act, particularly for motor vehicle advertising, have now come into effect.
The ACCC has just released a pricing manual specific to the motor vehicle industry, setting out its interpretation of the new inclusive pricing rules.
This publication is a general guide to the all inclusive pricing rules in the motor vehicle industry.
Dealer checklist
BDO recognises that in the current business environment some or many
of the tried and tested policies and procedure may have fallen off the
check list. To help you develop those checklists again we will pose
15 questions each issue of our Dealership Procedures as a reminder of
the questions that should be asked in your dealership.