

#24 Acquiring 60+ dealerships within 7 years, Raising kids into generational wealth, Paying $200M+ for a Toyota store & Brett’s blunt message to Ford CEO Jim Farley | Brett Morgan, CEO, Morgan Auto Group
Aug 25, 2023
Brett Morgan, CEO of Morgan Auto Group, discusses acquiring 60+ dealerships, raising kids in generational wealth, paying $200M+ for a Toyota store, and his blunt message to Ford CEO Jim Farley. They also talk about dealership profitability, the future of EVs, finding the best people, and raising capital through private equity.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10
Introduction
00:00 • 3min
Entrepreneurial Background of the Morgan Autogroup and Tires Plus
02:47 • 20min
Running a Decentralized Model
22:36 • 7min
Acquiring Dealerships and Assessing Profitability
29:52 • 6min
Impact of Retail Mindset on Consumer Experience and Facility Conditions
36:10 • 2min
Acquiring an Undeveloped Dealership
37:53 • 12min
Transition to Electric Vehicles and Toyota's Role
50:19 • 14min
Exploring the Popularity and Versatility of a Crossover SUV
01:04:11 • 2min
Toyota's Market Share and Determination towards Electric Vehicles
01:05:50 • 6min
Raising Capital and Acquiring Dealerships
01:11:38 • 18min