This episode is brought to you by:
CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships. Learn more @ https://bit.ly/3Qqu0pl
Podium - The lead conversion platform for car dealerships. Get 10% of your plan by texting “CarDealershipGuy” to (833) 441-1166 or visit https://bit.ly/48UKr4x
In this episode, I'm speaking with Daniel Crainic, CEO of Time Auto Group
Interested in advertising with CarDealershipGuy? Drop us a line here: https://cdgpartner.com
Interested in being considered as a guest on the podcast? Add your name: https://2tqce38uozv.typeform.com/to/bBIfL7OK
Topics:
00:00:00 - Intro
00:02:04 - Daniel’s journey into the industry
00:08:18 - Growing from 1 to 7 lots
00:10:15 - Acquiring real estate
00:14:17 - Marketing tricks
00:15:17 - Financing through Tesla stock
00:19:55 - Balancing family and work
00:21:27 - Delegation
00:22:38 - Dan’s first acquisition
00:25:36 - Moving into the franchise model
00:31:22 - The turnaround playbook
00:33:59 - Mentors
00:36:39 - Incentivizing General Managers
00:38:51 - Creating wealth in this business
00:47:05 - Biggest challenges
00:49:55 - Rebates, acquiring inventory, and technology
00:57:32 - What are you bullish on in the industry
01:01:48 - How to get in touch
Check out Time Auto Group here: https://www.timeauto.com/
Follow Daniel on X: https://twitter.com/danielcrainic1
Email Dan at Daniel@TimeAuto.com
Check out the website for more (https://dealershipguy.com) and follow me on X @GuyDealership! (https://x.com/guydealership)
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.