LIFO Solutions for Auto Dealerships
The majority of auto dealers use LIFO to value inventory. Most use alternative methods rather than IPIC because the automobile CPI and PPI indexes have been flat for the past decade. SourceCorp has worked with thousands of auto dealers providing LIFO services since 1983.
In-House Service Solutions
- Alternative Method Computations (new cars and light-duty trucks)
- Used Vehicle Alternative Method Computations (used cars and light-duty trucks)
Software Solutions
- Alternative Method Software – AMS (new cars and light-duty trucks)
- Used Vehicle Alternative Method Software – UV-AMS (used cars and light-duty trucks)
- Black Book® version
- Kelley Blue Book® version
Consulting Solutions
- Form 3115 preparation or review
- Form 970 preparation or review
- Index conversion / LIFO layer rebasing
- Pool splits or combinations
- Review/recomputation of LIFO layers and/or reports
- LIFO document imaging
- Additional §263A cost capitalization computations
SourceCorp makes LIFO affordable for businesses of all sizes across all industries.
