#17 Shocking revelation about car dealer profits, Exploiting seasonality in the business, When CDG bought 100 cars with a credit card | Joel Bassam, President of Eastern Motors
Car Dealership Guy Podcast
00:00
How to Operate a Successful Business
The dealer principle is so critical. It's almost a key man risk. Like you need that person to operate the business. 100%. I mean, and there's no market exclusivity, which you get with the franchise. You was at our best, five and a half percent. And that's 2019 numbers. That number, when net margin is dropped to, you know, beyond it's almost zero at this point. Wow. I didn't expect to hear that. Yeah, I mean, we just want to stay in some version of profitability to keep our lenders happy, to keep our floor plan happy. But our volume has continued to decline. This episode has already had like tons of
Transcript
Play full episode
