GW Blog

Must know auto dealership news: Are you ready for autonomous cars?

We've all followed the stories on autonomous vehicle development.  Now, the NHTSA is getting ready to release new guidelines. Stay tuned.

Automotive Dealership Succession Planning, Pt 2

A Tale of Two Succession Plans

 

In our last blog post I shared with you a true story about automotive dealership succession planning, which, did not turn out well. As I mentioned, I’ve seen many types of successful, and unfortunately, unsuccessful, succession planning over the course of my 35+ years as a broker for New England auto dealerships. Today, I’d like to share with you another true tale of succession planning--and this one has a much better ending!

Automotive Dealership Succession Planning, Pt 1

A Tale of Two Succession Plans

Automotive dealership succession planning is something many dealers think about, but sadly, some just do not get around to actually creating a documented plan.  In my 35+ years of brokering automotive dealerships in New England, I’ve seen succession planning (and lack thereof) play out in a number of ways. But rather than tell you all the reasons why you should create a succession plan (now!) for your dealership, by example I'll tell you two true stories from my extensive career.

CES: Automotive Tech News

Exciting automotive tech changes are afoot. According to Forbes, this year’s CES “hit a high water mark in terms of the scale and significance of car technology unveiled at the show as well as the attention it received.” Many of the automotive technology announcements focused on three trends: autonomous driving, personalization, and smart mobility.

Highly Profitable Japanese Store - Connecticut

Another deal we are working.  They just keep coming.  Get in touch if you are in a buying or selling mood.  The market is hot!

 

NEW PRICE: Major Japanese Import Store - Eastern MA

Here is an update on a deal we have been working on.  The lowered price has definitely increased interest in this one.  Get in touch soon if interested!

 

In Case You Missed It: Good Information For Car Dealers

There has been a lot going on lately in the Auto Industry and in the car dealership market in New England.  I'm not sure about you but we are very busy here and often don't have time to take to catch up on industry articles, and articles with good tips for your business.  Here are a few we have come across in the past weeks.  I hope you also find them useful.

 

AVAILABLE: GM Store with Trucks, Western, MA

It has certainly been a busy summer around here.  I remember when summers in the auto dealership indsutry meant that the phones were silent and everyone was at the beach.  Since the recovery...that is no longer the case.  The last 2 summers have been the busiest I've seen.  With both buyers and sellers being very active.   I love it!  

Here is one of the latest deals I'm brokering.  If you are interested in more information about this deal or about selling your delaership or about future deals.  Get in touch!

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