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.
Episode Highlights:
Episode Quote:
"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.”
— Dave Cantin