Pub. 5 2023 Issue 3

As EVs and hybrid cars become more common on roadways, states across the nation are faced with coming up with ways to replace the fuel tax that they would have received from the purchase of gasoline. Traditionally, the tax monies that are collected from fuel purchases are used to help fund the maintenance and construction […]

Although your parts and service departments are fixed operations, there are ways to increase traffic and, ultimately, your net profit. The first and most obvious one is keeping expenses down. That could be worth a separate article, but assuming you’ve already done that, the next step is to increase net profit by focusing on creating

Middle-market business transitions are rarely simple, and family dealership transitions are among the most complex. Typically, a dealership begins after one family member opens a dealership and then decides to add more over time. Indeed, successful dealers say the best way to expand wealth in the industry is to increase the number of dealerships held.

Ideally, vendors and businesses work together as partners. Having a genuine relationship and being able to problem-solve together is an advantage no matter what. The auto business is not exempt. Dealerships have done well during the last couple of years. But there’s a downside to good times: dealerships sometimes develop bad habits because it becomes

In late March, NCDU’s NextGen flew to Washington, D.C. They spent three days learning about legislative efforts, policymaking and how those affect the auto industry. They met with the NADA Legislative Affairs Department, NADA Leadership and Utah’s Congressional Delegation: Rep. Burgess Owens, Rep. John Curtis, Sen. Mike Lee and Sen. Mitt Romney. NextGen also had

“The single biggest way to impact an organization is to focus on leadership development. There is almost no limit to the potential of an organization that recruits good people, raises them up as leaders and continually develops them.” —John Maxwell That statement describes the NextGen program to a tee. Recently, I had the opportunity to