Minneapolis (MN)

Car Dealership Accounting

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Auto Dealership Accounting– Minneapolis (MN)

Automotive dealerships in Minneapolis and across Minnesota 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 – Minneapolis

Brady Ware works with auto dealership owners and management groups in Minneapolis and Minnesota 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 Minneapolis Car Dealership Accountants

Brady Ware provides compliance and advisory services for car dealerships in Minneapolis and across MInnesota 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 Minneapolis Car Dealership Industry

The auto dealership industry in Minneapolis, MN, is dynamic and integral to the city’s economy. Minneapolis’s diverse economic landscape supports a robust market for auto dealerships, where economic health directly influences car sales. The demographic profile of consumers, including their income levels, preferences for new versus used cars, and a growing trend towards electric and hybrid vehicles, plays a crucial role in shaping dealership strategies.

Several major dealership chains operate in Minneapolis, including well-known names like Walser Automotive Group, Luther Automotive, and Morrie’s Automotive Group. Additionally, numerous independent dealerships offer a variety of vehicle brands, both new and used, catering to different market segments. Franchise dealerships representing major car manufacturers such as Ford, Chevrolet, Toyota, Honda, and BMW are also prominent in the city.

The industry is witnessing a significant shift towards online sales, a trend accelerated by changing consumer behaviors and the impacts of the COVID-19 pandemic. There is also a growing interest in electric and hybrid vehicles, supported by state incentives and the expanding availability of charging infrastructure. Certified pre-owned (CPO) programs are becoming increasingly popular due to their balance of affordability and reliability, often backed by manufacturer warranties. The area code for Minneapolis (MN) is 612.

Map of Minneapolis (MN) – 55402

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).