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

 

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.