Dealer Digest – Boomers regain top spot as new car buyers

Description

Abstract: This issue’s “Dealer Digest” cites a study indicating that the oldest baby boomers have replaced younger consumers as the U.S. demographic group most likely to buy a new vehicle. It also looks at the Financial Reporting Framework for Small- and Medium-Sized Entities — a new financial reporting option that could ease the process for privately held, owner-managed dealerships not required to follow Generally Accepting Accounting Principles.