How good dealers drift out of compliance, what Tom Wood University has built, and record dealership valuations.
Jim Fitzpatrick and Bridget Fitzpatrick are joined by Vince Melkumyan, Founder of Auto AI Radar, Sam Weaver, Vice President and Partner of Chevy Chase Automotive and Chairman of the Maryland Automobile Dealers Association, and Bill Demaree, Group Director of Fixed Operations at Tom Wood Group.
TODAY'S HEADLINES
- Dealership valuations remain at an all-time high, Dave Cantin of Dave Cantin Group said on Inside M&A, as buyers keep pursuing strong stores and more owners weigh a sale without a successor.
- Rivian delivered 19,248 vehicles in Q3, up 46% and above the roughly 18,000 Wall Street expected, while Tesla delivered 486,532 globally, down 2% but ahead of the roughly 461,000 analysts expected.
- Ford's Q3 U.S. sales fell 6.6% to 509,764, but excluding the Escape and Lincoln Corsair phaseout Ford estimates its retail share rose 0.4 points to 12.1%.
- CBT News is partnering with Cherokee Media Group for Used Car Week, November 16 through 19 in San Diego.
GUESTS
- Vince Melkumyan, Founder, Auto AI Radar, and Sam Weaver, Vice President and Partner, Chevy Chase Automotive, and Chairman, Maryland Automobile Dealers Association. How technology helps dealers find compliance issues, and where dealers are most vulnerable from the dealer's side of the desk.
- Bill Demaree, Group Director of Fixed Operations, Tom Wood Group. An update on Tom Wood University, including a new standalone facility expected to be complete this month, plus his service advisor and service manager handbooks and a new book in the works.
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