Top Stories
Stellantis’ Q3 shipments slip 1% as CEO rejects brand split. Read More
BMW Q3 deliveries fall 6.3% as China sales slide 25%. Read More
U.S. EV sales rise 7.7% in Q3 as market rebounds. Read More
Affordability is shifting where vehicle demand shows up, Cox Automotive reports. Read More
Featured Interviews
Open Road Capital offers dealers an alternative to selling outright
Dealership families facing succession challenges or seeking access to capital often feel caught between keeping the business entirely in the family and selling it outright. Open Road Capital offers another option through equity partnerships that provide liquidity while letting dealership operators preserve their businesses and keep growing. Tim Batchelor, Co-Founder and Managing Director of Open Road Capital, joins us on today’s Inside Automotive episode and elaborates that the idea grew out of a common challenge in family-owned dealerships. Watch the full segment here.
Picking the right profit participation structure for your dealership
Dealers should judge every profit participation program on three pillars, which are underwriting, fees and investment income. Ascent Dealer Services Vice President of Sales James Mercer and Vice President of Acquisitions Rob Johnson laid out the framework on today’s episode of Training Camp with host Adam Marburger. Picking up where part one left off, Mercer and Johnson move from how participation programs work to which structure fits a store. Watch the full segment here.
Tune in to CBT Live
Join us at noon Eastern today for another episode of CBT Live. Co-hosts Jim and Bridget Fitzpatrick break down the day’s top automotive stories and sit down with the leaders shaping the industry. Today’s lineup features Parth Donda, Store Manager at Hyundai of New Port Richey, and Christopher Hunsicker, Author of Unstoppable Culture and President of Hunsicker Coaching International.
Watch live every weekday at noon on our social channels: YouTube, TikTok, LinkedIn, Instagram, and Facebook.
