Pub. 10 2023 Issue 1

By now, many of us have seen a TikTok video filmed at someone’s workplace – a “day in the life” video, someone complaining about their coworkers, supervisors, or customers, or someone talking about an unrelated subject while at the office. And a relatively new platform, BeReal, goes a step further by encouraging users to provide […]

One of the significant challenges of running any automotive dealership is moderating expenses. General managers and dealer principals are responsible for controlling many costs, including payroll, vehicle inventory, floorplan, and parts inventory. Monthly bills add up, and there is less revenue to put toward necessary resources. A major opportunity for expense control may be the

Since July 1992, regulations promulgated under the Clean Air Act (CAA) require that motor vehicle air conditioning refrigerant be recycled. In 2006, auto dealers in the San Francisco area were penalized for violations arising under this act. Serious penalties and legal drama followed. We must note that these CAA regulations are federal and applicable to

While there are many considerations in running a thriving dealership, one of the most important – and often overlooked – is developing and maintaining a succession plan. A strategy that allows for the transfer of ownership to the next round of leaders – whether family members, a trusted partner or an outside buyer – will

The past two years have seen auto retailers adapt to limited vehicle inventory and pandemic restrictions while driving profits to new heights. Now dealers face rising interest rates – a critical concern for an industry that relies on capital to fund operations and growth. For some, it’s time for a balance sheet review and risk

Brad Mugg, the managing partner at Honda of Downtown Los Angeles, recently sat down with GLANCDA to discuss his life, career, auto industry, and family. Brad grew up in Lafayette, Indiana, and lived there until he was 37. From there, he moved to Chicago for three years, California for 15 years and then Oregon for

Are you sure your dealership is in compliance? Have you received an IRS 226J letter? IRS Penalties for ALE’s (Applicable Large Group Employers) not offering Affordable Health Coverage? Background As the IRS continues to actively enforce the employer shared responsibility payments and associated employer reporting requirements, we are reminded that the employer mandate under §4980H