It has been some strange times. Over the last couple of years, COVID, inventory shortages, elections, and more have all impacted business owners’ ability to do business as usual. No one could have predicted such turmoil could turn into historic profitability in automotive retail. Nevertheless, it has been a fantastic couple of years despite it all. Now, challenges are on the horizon, including predictions of a recession.
Dealers who have either stuck to operational basics or can return to them quickly are best positioned to weather whatever next storm is on the horizon. In this episode, Pete Theil with Haig Partners and The Rawls Group’s succession planner Champ Rawls discuss how dealers can continue to fulfill strategic goals, despite uncertainties in the market.