Auto Dealerships

Whether your auto dealership is a closely held family business or part of a regional public company, your accounting needs call for industry specialists who understand that your business challenges can be complex. From keeping costs in check and managing dealership accounting systems to planning for a seamless ownership transition, you want proactive solutions from consultants you can trust.

Proactive Collaboration

Lumsden McCormick represents auto dealerships both large and small across New York State. We have decades of experience working proactively with owners and management to assist with specialized issues, such as LIFO (last in, first out) inventory calculations, cost segregation, cash flow, and succession planning. With years of experience and a broad client base, we are able to benchmark client operations and demonstrate comparisons with your industry peers in terms of gross profits, advertising costs, and IT expenditures.

Industry Insight

Our experienced team of certified public accountants stay current on industry developments through our active participation in several industry organizations. Lumsden McCormick is a proud member of the BDO Alliance USA Dealer Industry Group, which provides timely information and unique insights that we can leverage to your advantage. Locally, we support the Niagara Frontier Automobile Dealers Association and Rochester Automobile Dealers Association.

Our auto dealer services include:

Audit and Assurance Services


Tax Services


Consulting Services

For more information about our innovative auto dealership accounting and consulting services, contact Sherry DelleBovi or complete the form below.

Services Leaders

Sherry DelleBovi

Sherry L. DelleBovi, CPA

Partner
Christopher Lukowski

Christopher Lukowski, CPA, CFE

Principal

Upcoming Events

Webinar Series Part V: Changes to Lease Accounting and How it Impacts Your Organization

Webinar Series Part V: Changes to Lease Accounting and How it Impacts Your Organization

July 27, 2021

The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.

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Webinar Series Part VI: The Pandemic and the Economy - Where Are We Now?

Webinar Series Part VI: The Pandemic and the Economy - Where Are We Now?

August 10, 2021

As everyone knows, the COVID-19 pandemic has had a global impact beyond health and safety concerns.  With millions of Americans vaccinated, where does the economy stand and what can be expected across the Upstate region, New York State, the United States, and Canada?

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