Pub. 4 2023 Issue 4

Accumatic, Inc.Ally FinancialAssurantAtlantic Union BankBank Of America — Merrill LynchBDO USA, LLPBlue Whale EVBrightline Dealer AdvisorsBrown, Edwards & Co.CarNowCBIZChase Dealer ServicesComputerized Vehicle RegistrationCore AssuranceCouncilor, Buchanan & Mitchell, PCCrovato BG Products & ServicesDiamond Dealer ServicesDominion DMSDSMADynatron SoftwareEthos GroupFoti, Flynn, Lowen & Co.Fulton Bank GM FinancialGreensboro Auto AuctionHaig PartnersHikoJM&A GroupKerrigan AdvisorsKPAM&T BankMahdavi, Bacon, Halfhill & Young, PLLCManheim

Consolidation is everywhere in retail automotive — and Virginia is no exception. We’ve compiled a roundup of publicly announced dealer purchases and sales in Virginia during 2023 — meaning we are sharing news the dealerships chose to make public. There were several other deals that VADA is aware occurred, but those transactions have remained private.

Tune in to our podcast and get all the juicy details wherever you are. From engaging interviews to thought-provoking discussions, VUE Points with Sharon Kitzman has got you covered, ensuring you never miss a beat. Sharon Kitzman leads the launch and long-term growth of Dominion DMS. Her experience spans every area of dealership software development,

Depreciation — Capital Asset Purchases Capital investments have long been a useful way to reduce income taxes, and the Tax Cuts and Jobs Act (TCJA) further enhanced this technique by expanding bonus depreciation. For qualified property purchased after Sept. 27, 2017, and before Jan. 1, 2023, businesses were able to deduct 100% of the cost