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 is the key to get your business firing on all cylinders. Liquidity, cash flow, credit, inventory management, meeting financial covenants and manufacturer demands and of course, profitability are common issues dealerships face on a daily basis. In good times, dealerships are successful based on the “front end” of their business. 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  industry is rapidly changing – and astute Canadian car dealerships must adapt in order to not only survive, but prosper.

Our point of difference:

Wolrige Mahon has a large base of clients in the automotive industry. As a result, the Automotive Dealership Services Group was established as a forum where members from the firm’s various practice areas – 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.

Our Automotive Dealership Services Group has been advising automobile dealers of all sizes for over three generations, through various economic cycles. Just like you, our professionals of the Automotive Dealership Services Group have a love of cars and the experience to assist dealerships in both steady and challenging times.

At Wolrige Mahon, we pride ourselves on providing prompt, personalized service to all of our clients.  With the knowledge, experience, and expertise we have with automotive dealerships, we are able to conduct our engagements efficiently. With our intimate understanding of our dealership clients, we have become their trusted business advisor.  As such, we provide advice on business issues that arise through-out the year, not just at year-end.

How we can help you:

• Assurance and Audit
• Personal and Corporate Tax Compliance and Planning
• Corporate Structuring
• Dealership Acquisitions
• Divestiture Planning
• Succession Planning
• Corporate Finance
• Real Estate Management Strategies
• Transactional Tax Services – GST & HST