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July 7, 2023

#17 Shocking revelation about car dealer profits, Exploiting seasonality in the business, When CDG bought 100 cars with a credit card | Joel Bassam, President of Eastern Motors

In this episode, I'm speaking with Joel Bassam, President of Easterns Automotive Group.

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Car Dealership Guy | Auto Industry Insights | Content & News | Podcast

In this episode, I'm speaking with Joel Bassam, President of Easterns Automotive Group.


00:00 - Intro

02:03 - Joel's background

05:15 - Easterns business model

13:06 - Weathering the current market

20:19 - Unit economics & Sourcing

30:37 - CDG's gov't auction story

36:21 - Revenues & Margins

42:28 - Marketing strategy

54:12 - Growth & Expansion

59:23 - Wrapping up


Follow Joel:

@jbassam2 on Twitter.

Joel's LinkedIn.

Easterns.com.


Please take a moment to visit this episode's sponsor:

ā Fullpathā  ā€“ Discover Automotive's Leading Customer Data and Experience Platform.

Turn your first-party data into customers for lifeĀ with ā Fullpathā .Ā 


Check out ā ā ā the websiteā ā ā  for more and follow me on Twitter ā @GuyDealershipā ! Interested in advertising with CarDealershipGuy? Join the sponsor waitlist ā ā ā hereā ā ā . This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.