As Seen in Automotive Buy Sell Report – Developing successors in a time of dealership business change
Historically, the car business is one where legacies are built.
It is an industry where it is common to see privately-owned dealerships celebrate longevity of ownership.
We have been fortunate to celebrate some of our clients’ 100-year anniversary.
But the traditional way of doing business is changing.
Industry disrupters and technological innovations are creating new paradigms.
And leaving many of us wondering what the future will hold.
In addition, generational blending, with some dealerships having up to three different generations working alongside each other, is altering the leadership and management role of the developing dealer.
As such, current dealers must be cognizant of their part in properly developing their next generation of leaders in this changing landscape.