Automotive Industry


With practical solutions delivered by seasoned industry experts at Templeton & Company, our audit and other services are geared to help you increase your profits. With decades of automotive industry experience delivered by one of Florida’s most respected accounting firms, you gain true industry-specific wisdom from a trusted partner. We also understand that any solutions need to have measurable results at an affordable cost.

Our seasoned team of automotive operational and financial professionals with industry-specific knowledge is uniquely qualified to work with you and your management team to achieve a competitive advantage through improved financial performance and effective risk management.  Our custom solutions are designed to maximize individual and team performance by working with you to ensure your team has a clear understanding of and access to key operational metrics, to set targets to achieve stated goals and to put into practice the most effective business processes for your dealership. 

Critical Issues

The automotive industry is experiencing unprecedented challenges that place pressure on dealership profits and cash management.  The successful operation of a retail auto dealership in today’s challenging business climate requires that your dedicated team has access to timely information that can help to optimize the financial implications of day to day decisions.

Key Drivers

Consumer demand for cars can vary significantly from year to year, due to a variety of factors, including changing economic conditions, consumer spending, inflation, and fuel prices. Sales for particular brands or styles are dependent on consumer preferences. Significant increases in interest rates can reduce consumer ability to buy cars and reduce  both sales volume and dealer costs.  

Automotive Companies Benefit from Templeton & Company

  • Audits, reviews and compilations of financial statements
  • Compliance audits – Sales and excise tax, Form 8300, and Red Flags Rule
  • Inventory observations
  • Agreed-upon procedures engagements
  • Internal audit outsourcing and co-sourcing
  • Annual state and federal filings, as well as other regulatory filing compliance
  • Tax planning for complex issues
  • Advice on other tax-related issues including sales tax, payroll tax, property tax, etc.
  • Budgeting and forecasting – Sales and profit targets
  • Expense review and reductions
  • Monitoring financial performance
  • Cash flow and frozen capital analysis
  • Merger and acquisition services
  • Business valuations and purchase price allocations
  • Business process improvement
  • Business policies and procedures development
  • Cost segregation studies
  • Financial training – Month-end and Year-end close