Leading the Nation in PPP Loans, Texas Dealers Rely Heavily on Stimulus Through Pandemic

Recent Press ReleaseTexas has been undoubtably one of the hardest hit states for the continued spread of the coronavirus. As some areas of the country have minimized restrictions, Texas has been forced to roll back their reopening plans. For Texas auto dealers, statewide mandates are in affect at dealerships once again but on a positive note, sales and service departments have been deemed essential and have been allowed to operate throughout the recent months. To speak more on this, we’re pleased to welcome Darren Whitehurst, President at Texas Automobile Dealers Association or TADA to the show.

The Texas Automobile Dealers Association is the statewide trade association representing over 1,200 franchised automobile dealerships in nearly 300 communities throughout the state of Texas. It represents the dealer body before the Texas Legislature, Congress, and all regulatory agencies.

On today’s show Jim and Darren discuss the Coronavirus impact on the automotive market in Texas, current restrictions for Texas dealerships, the top concerns the TADA is hearing from their dealers, June and July’s sales numbers coming out of Texas, and a report from The Dallas Morning News that Texas led the nation in PPP loans for car and truck dealerships and how that affected the overall market.

To find out what Darren has to say about these topics and more, be sure to watch our entire interview above.

Did you enjoy this interview with Darren Whitehurst? Please share your thoughts, comments, or questions regarding this topic with host Jim Fitzpatrick at jfitzpatrick@cbtnews.com.

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