Total inventory as a percent of assets decreased 4.65%, indicating dealers are controlling their new and used inventory.

In late December 2017, President Donald Trump signed the Tax Cuts & Jobs Act into law, marking the first significant tax reform in the U.S. since the Reagan administration in the 1980s.

Equipment Dealer Consulting, P.C., the certified public accounting firm affiliated with Western Equipment Dealers Assn. (WEDA), has released the results of this year’s Cost of Doing Business study. 

The survey was established in the 1980s to analyze the financial picture of equipment dealerships in the U.S. and Canada. The survey compiles data from independent dealers who provide detailed financial and operational information for their individual businesses, which is compiled in a template that creates average income statements and balance sheets, in addition to key financial performance indicators.

The Cost of Doing Business Survey was established in the 80s by the North American Equipment Dealers Association to analyze the financial picture of equipment dealerships in the U.S. and Canada.