Nancy Phillips Associates is pleased to present The Phillips Report 2021. This report is the only publication that specifically speaks to auto dealership transaction values, trends, and trajectories in the New England and Greater New York market areas.
For the second year in a row, our industry...
We recently returned from the National Association of Dealer Counsel Convention (NADC) in Chicago. The keynote presentation by highly-acclaimed franchise law firm of Bass Sox Mercer, titled ‘Will Dealers Remain Relevant’ was a sobering message.
While it is difficult to focus...
None of us know for sure the trajectory of our industry and our country in this most unpredictable of times. Between political upheaval, catastrophic events, vehicle inventory shortages and economic instability, the current profitability of the auto industry may not be susta...
The new name of the dealership is Huttig Chrysler Dodge Jeep Ram. Julie Huttig is Dealer Principal of the new store as well as Huttig Nissan, also in Plattsburgh. The Huttig family’s holdings include four franchised dealerships along with a group of NAPA Auto Parts stores in New Yor...
If Your Assets Exceed Federal Estate Tax Exemption
If the value of your dealership and other assets exceeds the federal estate tax exemption, you should immediately create a plan that will minimize your estate tax exposure and maximize what your heirs will retain after taxes.
If You ...
As markets continue to change and adjust with the latest economic factors, many dealers revisit their exit strategies. With increased taxes on the horizon, industry consolidation, questionable futures, and at the same time higher dealership values, it's easy to see why owners are ret...
