“There’s no magic dust that we’re going to sprinkle over a car dealership that makes it profitable. It’s process, it’s people, it’s product.”
Get ready to take notes.
Today, Dave runs down the checklist of dealership profitability and talks about entrepreneurs who are skilled at purchasing dealerships, increasing profits, and then selling them at a higher price three to five years later.
Plus, Dave and Derek share predictions on the performance of mainstay automakers over the next 12-18 months, especially GM, which suffered Q4 losses but is looking at a big emergence into the EV market through 2023.
And the conversation returns again and again to every business’s most important asset — its people.
- We hear how the market fluctuations since 2020 have created a wide range of consumer experiences. This could mean we have several different types of car buyers in the coming years.
- Dave and Derek discuss predictions that General Motors will deliver 400,000 EVs in the US market through 2023, and what that means for the overall auto market.
- Dave tells us how a dealership buyer’s fresh perspective can uncover previously unseen areas of opportunity in an automotive business.
Derek D is an actor, comedian, and host with 15 years of experience in the entertainment industry. Before becoming a host on the DNT podcast, Derek was well known in the automotive industry for hosting the award-winning car news show Fast Lane Daily.
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