Automotive

Federman, Lally & Remis has a tremendous history in the automotive industry. The firm audits more than $2,000,000,000 in auto sales. We work with all the major marques, and have hands-on experience with franchise accounting reports. We also love cars. We read the magazines and go to the shows. In fact, one of our partners worked his way through school as a dealership mechanic. The automotive practice has grown in part because our clients have grown. The firm has been involved in over twenty franchise acquisitions in the past five years.

The most telling feature of the Federman, Lally & Remis automotive team is its continuity. Our people have deep expertise drawn from years in this industry. Clients appreciate seeing the same people and develop strong working relationships over the years with our professionals. This is not just institutional continuity, but a hands-on person to person relationship. Not only with owners, but with controllers, accountants and bookkeepers. We live in your world. We know what period 13 is, and what it means to be upside down on a trade in.

Our experience in the automotive industry includes: LIFO, acquisitions, unclaimed property, cost segregation, franchise costs, dealership remodeling costs, captive insurance, extended warranty programs, financing and floor plans, rental fleets and demonstrator issues, among other topics.