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Automobile Practice Niche Gone Flat?

Posted by Anonymous on 04/30/2009 - 15:01
Back to blog homepage for: Gail Perry - Voice of the Editor

We all know that the U.S. automobile industry is in a world of hurt. Grant Thornton LLP estimates that 3,800 of all of the country's more than 20,000 dealerships would need to close to maintain sales per dealer at 2008 levels. Staggering.

In 2008, 881 U.S. auto dealerships, representing 4.2 percent of the country's total number of dealerships, ceased
operations in 2008 with GM, Chrysler and Ford representing 80 percent of that decline.

So, how are accounting firms that have automobile dealership
niches doing?

Are they diverting internal resources into other established practice niches?

Creating new niches?

What are you seeing in the marketplace?

  • 1095 reads


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Voice of the Editor
Amidst a certain amount of controversy, the AICPA and the Chartered Institute of Management Accountants have launched a new designation for global management accountants, the CGMA (Chartered Global Management Accountant). The designation is available to members of both organizations.
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Gail Perry, CPA
Editor-in-Chief, AccountingWEB
editor@accountingweb.com