Chicago (IL)

Car Dealership Accounting

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Auto Dealership Accounting– Chicago (IL)

Automotive dealerships in Chicago and across Illinois face new challenges from technological advancements, changing consumer preferences, regulatory updates, and economic pressures. High interest rates, rising operational costs, supply chain disruptions, and the trend towards digital transformation have only served to complicate matters. Not only has this impacted new and used car sales, but it has forced many dealerships to adopt new technology to remain competitive. Working with a qualified car dealership CPA that provides value beyond traditional tax and accounting is essential to maintaining your edge.

CPAs for Car Dealerships – Chicago

Brady Ware works with auto dealership owners and management groups in Chicago and Illinois to increase profits, ease tax burdens, prevent fraud, and build the family’s legacy. Our car dealership accountants currently serve over 160 rooftops across the Midwest and have a combined 80+ years of serving the industry. Beyond this, we are actively involved in several prominent associations, including the Ohio, Indiana, Georgia, and North Carolina Automobile Dealers Associations. In addition, we have developed an extensive network of specialty consultants who are available as needed.

Dealership Accounting Services

Our dealership accounting professionals offer various services designed to address compliance concerns, leverage opportunities, and ensure the financial vitality of the business. Our services include:

  • Dealership Accounting
  • Tax Planning & Compliance
  • Estate & Gift Tax
  • Audit & Assurance
  • Internal Controls
  • Fraud & Forensic Accounting
  • Employee Stock Ownership Program (ESOPs)
  • F&I Solutions
  • Training Program
  • Placement Services
  • Rebates & Incentives
  • Warranty Maximization

Contact Our Chicago Car Dealership Accountants

Brady Ware provides compliance and advisory services for car dealerships in Chicago and across Illinois from our Columbus-based dealership practice. To learn more about our auto dealership accounting services, complete the form below and a team member will follow up shortly.

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About the Chicago Car Dealership Industry

The auto dealership industry in Chicago, IL, is a vibrant and diverse market that plays a significant role in the city’s economy. Chicago’s position as a major metropolitan area with a large and varied population contributes to a strong demand for both new and used vehicles. The city’s economic health, characterized by its diverse business sectors and relatively high median income, directly impacts the auto dealership landscape.

Chicago hosts a mix of major dealership chains, independent dealerships, and franchise dealerships representing a wide array of vehicle brands. Notable chains like McGrath Automotive Group and the Bob Rohrman Auto Group are key players, offering extensive inventories and a range of services. Franchise dealerships for leading manufacturers such as Ford, Chevrolet, Toyota, Honda, and BMW are prevalent, ensuring that consumers have access to the latest models and technologies. The area codes for Chicago (IL) are: 312, 773, and 847.

Map of Chicago (IL) – 60601

National Reach

Brady Ware CPAs serves car and auto dealerships in Atlanta (GA), Birmingham (AL), Chicago (IL), Cincinnati (OH), Cleveland (OH), Charleston (WV),  Charlotte (NC), Dayton (OH), Detroit (MI), Des Moines (IA), Fort Wayne (IN), Houston (TX), Huntington (WV), Indianapolis (IN), Greensboro (NC), Louisville (KY), Memphis (TN), Milwaukee (WI), Minneapolis (MN), Orlando (FL), Pittsburgh (PA), Richmond (VA), and St. Louis (MO),