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For car dealers, succession planning has become essential due to the 25% import tax on automobiles. The effect of the levy on profitability, particularly for dealerships that depend on imported models, calls for quick strategic choices. Whether it be through internal management, family transfer, or sale, proactive succession planning guarantees business continuity and optimizes value before market conditions worsen. In the face of industry uncertainty, hiring knowledgeable consultants can help ensure seamless changes and protect the dealership's future.
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