TBC Information Network

Teal, Becker & Chiaramonte offering valuable insights, impressions and commentary on today’s financial and business world.

What auto dealers need to know about the new tax reform

As the new tax reform took shape in late 2017 and then was approved just a few days before Christmas, our auto dealership services team were examining what elements could have the most impact on contractors and small business owners. Now, what is commonly being called the Tax Cut and Jobs Act (TCJA) of 2017… [keep reading…]

Diesel issue challenges VW dealers to retain key salespeople

With the news of failed emissions tests and alleged knowledge of the shortcomings by the manufacturer, Volkswagen dealers have faced many challenges in the past year. For instance, an article in Automotive News discussed that through July 2016, VWs U.S. light-vehicle sales were down 14 percent compared to the first 7 months of 2015, while the industry… [keep reading…]

Are new dealer incentive programs trying to squeeze out the smaller Dealer?

Cadillac has created a new dealer incentive program entitled “Project Pinnacle” expected to roll out early 2017.  The objective of Project Pinnacle is to create tiers of “effective pricing.” The initiative aims to assign dealers to one of five tiers based on volume and high adherence to brand standards.  Critics of the project note that… [keep reading…]

Is this the end of small diesels in the US?

Auto manufacturers are regularly shifting focus and trying to stay on the cutting edge in an effort to maximize revenues in the multi-billion dollar auto industry.  As consumer demands change, auto manufacturers must adapt. Recently, Volkswagen experienced turmoil as a result of failed emissions tests and alleged knowledge of the shortcomings by the manufacturer.  The… [keep reading…]