Auto Dealerships, Used Cars
This industry comprises establishments primarily engaged in retailing used automobiles and light trucks, such as sport utility vehicles, and passenger and cargo vans.
Brown v. Brown
In this Mississippi divorce case, the appellate court en banc reversed in part and remanded in part, asking the trial court to determine whether certain items were marital property and determine the values for certain marital properties so a proper distribution of marital property can be made. Included was a used-car business that was remanded for a value to be determined. Several judges dissented primarily because the marital estate in total was not very material and they believed the appellate court could have made adjustments without remanding.
Mississippi Appeals Court En Banc Remands for Valuation of a Small Used-Car Business With Dissents From Several Judges
In this Mississippi divorce case, the appellate court en banc reversed in part and remanded in part, asking the trial court to determine whether certain items were marital property and determine the values for certain marital properties so a proper distribution of marital property can be made. Included was a used-car business that was remanded for a value to be determined. Several judges dissented primarily because the marital estate in total was not very material and they believed the appellate court could have made adjustments without remanding.
Multiples Used to Estimate Automotive Dealerships Market Value
Practitioners use goodwill multiples for valuing automobile dealerships. In this paper, the valuation accuracy of five goodwill multiples and seven more traditional multiples that can be used for estimating the market value of the equity of car dealerships is assessed during the 2010–2016 period. Our results support that the goodwill multiples provide the smallest estimation errors in valuing the market value of automobile dealerships.
Different Ways to Find No Claim to Enhanced Value of Nonmarital Asset
Appeals court says trial court erred in interpreting prenuptial agreement but reached correct result when it rejected wife’s claim to enhanced value of husband’s separate interest in car dealership by ruling appreciation in value was passive, not active.
Berg v. Young
Appeals court says trial court erred in interpreting prenuptial agreement but reached correct result when it rejected wife’s claim to enhanced value of husband’s separate interest in car dealership by ruling appreciation in value was passive, not active.
Court of Appeals Holds That Trial Court Erred by Not Including Appreciation of Husband's 50% Share in Auto Dealership as a Marital Asset
The Court of Appeals held that the trial court erred by not including the appreciation of husband's 50% share of Craft Auto Sales as a marital asset.
Craft v. Craft
The court of appeals held that the trial court erred by not including the appreciation of husband's 50% share of Craft Auto Sales as a marital asset.
James Mark Taylor v. Deanna K. Taylor
The Missouri Court of Appeals affirmed the lower court's use of the asset approach to value a used car dealership. It reversed the valuation of the dealership for inclusion of cars omitted from the business' inventory list. It also declined to find that ...
Auto Dealership Valued Using Asset Approach
The Missouri Court of Appeals affirmed the lower court's use of the asset approach to value a used car dealership.
Husband's Challenges of Trial Court Conclusion Not Supported by Documentation
In a divorce action, the trial court valued husband's business, Scott Sales & Service, at $66,370. Among other issues, husband argued that the trial court improperly inflated the v ...
Scott v. Scott
At issue is the calculation of husband's potential income.
Carter v. Carter
One issue in this case was the valuation of goodwill in a unincorporated used car dealership.