In this episode, I'm speaking with Daryl Kenningham, CEO at Group 1 Automotive
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Topics:
00:00:00 - Intro
00:03:09 - The founding story of Group One
00:05:54 - Moving from OEM to the dealership side of the business
00:08:13 - What was the driving force behind going international?
00:13:18 - OEM’s appreciation for dealer networks
00:15:13 - Consumer feelings about dealerships
00:17:25 - Incentive programs
00:18:46 - Daryl’s favorite brands and opportunities right now
00:19:46 - Manufacturers side-stepping dealer laws
00:21:06 - Differentiating in service
00:26:49 - Is there any technology you’re investing in?
00:28:18 - Pick up and Delivery for Service
00:31:35 - What do you look for in new acquisitions?
00:33:49 - Are there brands you’re avoiding right now?
00:34:12 - Rebranding acquisitions to fit the brand
00:37:15 - How do you structure your operations?
00:40:24 - Growing while remaining a community-branded dealership
00:41:50 - Operating leverage and economies of scale for dealerships
00:44:34 - Are you seeing an increase in staff turnover?
00:46:34 - Pricing pressure on cars
00:52:50 - How are you thinking about your company over the next 3-5 years?
Check out Group 1 Automotive here - https://www.group1auto.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.
