Auto Dealer Group
Overview of NHB Advisors, Inc. Experience For Auto dealers
NHB Advisors, Inc. focuses on producing lasting performance improvement and maximizing the business’ value to stakeholders. NHB Advisors, Inc. has assisted automotive dealers with operations, equity funding, and debt structuring.
- NHB Advisors, Inc. conducted an assessment of a regional dealer of new and pre-owned vehicles to determine accuracy of floor plan and financial reporting.
- NHB Advisors, Inc. restructured a $100 million multi-location dealer of new and pre-owned vehicles with eleven franchises.
- NHB Advisors, Inc. advised a family-owned network of five separate dealerships.
- NHB Advisors, Inc. participated in the refinancing of multi-location automotive dealer.
- NHB Advisors, Inc. advised a leading automotive leasing company who sold
pre-owned inventory.
- In addition, NHB Advisors, Inc. advised the owners and lenders of the largest dealership network for golf cars, which experienced floor plan issues similar to those of automotive dealers.
The Group’s focus encompasses:
- Acting as Receiver, Assignee or Liquidating Agent under state law or Chief Restructuring
Officer in or out of bankruptcy
- Consulting for lenders and lender groups
- Advising lenders’ counsel
- Advisor through asset purchase agreement closing
- Direct Advisor to dealers for cost reduction and profitability enhancement
NHB Advisors, Inc. has successful track record of managing the rescue or disposition of more than 30 dealerships.
As a result of NHB Advisors, Inc. extensive experience, we have developed a time-tested, proprietary, efficient, and standardized approach to working with dealers/borrowers and lenders, and we are able to achieve results that are exceptional as well as effective and efficient.
NHB Advisors Auto Dealer Services Group draws upon the firm’s extensive talent of trained and experienced professionals having auto dealership experience available when you need it.
NHB Advisors, experience and insight on behalf of our clients makes the difference. NHB Advisors insight allowed us to advise against turning a fleet of cars back to Chrysler prior to its bankruptcy, recommending instead that the cars be sold at auction. This decision, made before the Chrysler bankruptcy became a reality, generated our client millions of dollars more in proceeds than it would have potentially received had it turned the fleet back, only to become an unwitting unsecured creditor of Chrysler.
The overpopulation of auto dealers has now reached the tipping point. With GM and Chrysler’s bankruptcies and related mass closing of dealers, the lenders to these and other at-risk dealers may immediately face non-performing loans, with bleak prospects.
Those who act early will likely realize far greater recoveries in controlled liquidations, where floor plan lines are reduced in an orderly manner and overall operations and expense levels are right sized for the current economic reality. Those who wait until there is a further glut of cars and parts on the market will suffer the consequences of their delay.
Lastly, we have helped return several dealers to profitability by either implementing best practices into their operations or increasing sales with revised incentive programs and the freshening up of marketing practices.