Event Details
When:
August 14, 2018 7:15 AM - 9:15 AM EDT
Where:
Overview
Many auto dealer groups are selling their businesses to auto-retail giants or investment firms. The disruption of new technology such as electric, shared and autonomous vehicles from companies such as Tesla, Uber, Lyft, Maven, AutoNation and Group 1 Automotive have changed the game.
Family dealerships are not sure this is a challenge they want their children take on. Dealers need higher revenue to offset shrinking margins from increased competition. These developments have helped fuel consolidation of the 16,800 U.S. dealerships into the hands of fewer owners.
About 1,000 dealerships are expected to change hands between 2014 and 2018. In 2017, two hundred dealerships changed hands… 2018 looks to be the same.
To survive and thrive you need scale, scope and access to capital changing dealership financing trends and pitfalls.
Come and listen to the some of the top auto-dealers in Michigan, brokers and financiers to see where the auto dealership industry is going.
Speakers
Agenda
7:15am - Networking
8:00am - Program Begins
9:15am - Program Concludes
Cost
$35 Members | $60 Guests
Program Champions
Maria J. Baron, Vice President, J.P. Morgan Private Bank
Larry Gardner, President, Lawrence Gardner Associates
Hosted by: ACG