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ARTICLE · 23 OCTOBER 2019

Auto Team America Industry Update

Crowe
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Crowe MacKay LLP is one of 11 CPA firms (and the only Canadian firm) that make up Auto Team America.

CanadaFinance and Banking
Conven Tang
Conven Tang
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Crowe MacKay LLP is one of 11 CPA firms (and the only Canadian firm) that make up Auto Team America. The group meetings regularly to review Automotive Industry developments and to exchange information and technology. Our Automotive Lead Partner, Conven Tang, brought back these notes from the most recent meeting.

Industry

  • Many rural dealers feeling the pinch as larger metro dealers have increased their reach through advertising campaigns and social media.
  • Many dealers abandoning the idea of subscription services as it did not work well at their dealerships due to fleet requirements and tying up inventory.  Not as big of a disrupter as once thought.
  • Projected 17M units for 2019 is on target.  It has been around that mark for the last 5 years and dealers have shown that they could make a profit at that level.  

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