Today I'm excited to delve into a pressing question that is revolutionizing the automobile industry. What kind of car dealer do you consider yourself to be? In this episode I will explore the shifts happening in the world and how they will impact your dealerships success, in both the short term and long term.
What We Discuss In This Episode:
1. Understanding the Bifurcation; Gain insight into how the retail auto market is undergoing a split with new cars and used cars becoming distinct segments. I will break down the reasons behind this division. Explain why it is very important for your dealership.
2. The Evolving Landscape; Explore how the automotive landscape has transformed since 2019. From dwindling options for car models to rising gasoline prices, I will present you with essential statistics that truly matter.
3. Impact on Dealerships; Discover how these changes are impacting dealerships across the board. Learn about why some are thriving amidst this evolution while others struggle to adapt.
4. New vs. Used; Delve into understanding the differences between being a car dealer who primarily deals in cars but also sells used ones versus being a used car dealer who also has car franchises under their umbrella. Uncover the strategies that set performers apart from their counterparts.
5. Strategies for Achieving Success; Whether you're a dealer specializing in cars or someone, with both used car franchises understanding the distinction has never been more crucial. Lets dive into the strategies that successful dealerships are adopting now – why sticking to the 1 to 1 ratio is outdated – and how they're achieving ratios of 2 to 1 3 to 1 or even higher.
Have you ever wondered why certain dealerships thrive while others face challenges? In this piece I will provide insights into the mindset that drives long term success, for dealers. Explore the strategies employed by performing dealerships to not navigate market fluctuations but also shape their local markets.
This particular episode goes beyond understanding the state of the market; it delves into seizing control over the future of your dealership. Discover how you can replace uncertainty with confidence and guide your business towards long-term prosperity.
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