GW Blog

Succession planning isn’t something anyone wants to talk about. It’s hard to face mortality and have uncomfortable conversations with family, but it’s important to have them in order to carry on the business and the family legacy.

Throughout the life of any business, having a proper valuation is important for several reasons, but many dealerships, especially legacy family businesses that have been in business “forever,” have not gotten a valuation done in years.

Just when production levels started leveling out from Covid-19 shutdowns, automakers are facing a new problem: a semiconductor chip shortage. Once, again, factories are closed or on  delayed production schedules, waiting for these components.

So here we are…2021. We finally made it out of 2020!  Does that mean the auto biz will get better? Well for the auto industry, business  has been on an upswing for months.