Driven to succeed

In every business the road to success has many twists and turns. For new car dealerships, whether facing good times or bad, proper planning helps as the issues are common and well-known. These include liquidity, cash flow, credit, meeting financial covenants (eg. working capital, debt-to-equity ratios, and income statement ratios), and demand, which is a function of the economy in general. In good times, dealerships are successful based on the “front end” of their business, which is comprised of new and used car sales. During economic downturns, many rely on “back end” such as parts, service and the body shop, to break even.

The monthly volume of new and used car sales is a critical benchmark used to evaluate consumer confidence in the Canadian economy. As many car dealers have observed, the  rapidly changing – and astute Canadian car dealerships must adapt in order to not only survive, but also prosper.

Our point of difference:

At Wolrige Mahon, our Dealership Services Group has been advising automobile dealers of all sizes for over three generations, through various economic cycles. Just like you, staff in the Dealership Services Group has a love of cars and  as you might expect, the experience to assist dealerships in both steady and challenging times.

Given Wolrige Mahon’s large base of clients in the automotive industry, the Auto Dealership Group was established as a forum where members of our Services groups – Audit and Accounting, Taxation and Financial Advisory Services can discuss the current issues and challenges faced by our automotive clients and the industry as a whole.

• Personalized service throughout multi-decade relationships

How we can help you:

• Assurance and Audit
• Corporate Structuring
• Dealership Acquisitions
• Divestiture Planning
• Succession Planning
• Corporate Finance
• Real Estate Management Strategies
• Transactional Tax Services