#61 Accounting mistakes costing dealers thousands, $800k stolen by a dealership controller, EV mandates clashing with consumer demand | Frank O'Brien, Partner at Withum

In this episode of the Car Dealership Guy Podcast, I'm speaking with Frank O'Brien, a partner at Withum. We discuss financial fraud in the dealership business, how dealerships can attract and retain technician talent, untapped warranty reimbursements from auto manufacturers, the clashing reality of EV mandates and consumer demand + much more.

This episode of the Car Dealership Guy Podcast is brought to you by:

Cars Commerce - The platform to simplify everything about buying and selling cars. Learn more at https://www.carscommerce.inc/

CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships.

Learn more @ https://www.cdkglobal.com/dealership-xperience-platform

Withum - Withum is a forward-thinking, technology-driven advisory and accounting firm, helping clients to Be in a Position of Strength in today’s complex business environment. Learn more @ https://www.withum.com/

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Topics:

(00:00:00) - Intro

(00:02:44) - Frank’s career in automotive fraud

(00:03:16) - What’s your outlook on the market today?

(00:13:00) - Technician shortages

(00:17:30) - What is your specialty in this industry?

(00:19:27) - What’s the dollar exposure for dealers in these reimbursements?

(00:23:24) - Are there other opportunities like this for dealerships?

(00:25:35) - Where do you see trends for dealership profitability going from here?

(00:32:46) - Do you see any threats to the industry on the horizon?

(00:34:17) - What’s your outlook for 2024?

Check out Withum here.

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This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.