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“It’s amazing how resilient auto retail is” || Alan Haig, President, Haig Partners

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Manage episode 343688875 series 3005753
内容由Dealer News Today提供。所有播客内容(包括剧集、图形和播客描述)均由 Dealer News Today 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

It’s fair to say that Alan Haig has a great pedigree in both the automotive industry and in finance in general. He holds an MBA from Columbia Business School, wrote AutoNation’s original business plan in 1996, and went on to found Haig Partners and the Haig Report, currently having $5 billion in total dealership transactions on his record.

On this episode, Alan chats with our host Derek D about how he wrote that AutoNation business plan without even knowing a single car dealer, what initial missteps taught him about economies of scale in the automotive business, and why automotive M&A is a close indicator of the health of retail car sales. Plus, he discusses why some dealer principals may want to sell out prior to retirement age, his early experiences working for the late Wayne Huizenga, and more.
Alan Haig
Episode Highlights:

  • Why pent-up demand won’t be matched by supply in automotive retail for years to come, even if factories stepped up production
  • The chain reaction scenario that could result in some carmakers creating a glut of inventory, pre-pandemic-style
  • How savvy online marketing will be critical in the near future
  • Why wholly-online car buying is likely to grow, but why that growth may be limited

“Our math indicates that we’re going to be in a period of elevated front-end profits on new, and therefore elevated dealership earnings, for at least three years.”

— Alan Haig

|| Dealer News Today is a DCG Media production

  continue reading

180集单集

Artwork
icon分享
 
Manage episode 343688875 series 3005753
内容由Dealer News Today提供。所有播客内容(包括剧集、图形和播客描述)均由 Dealer News Today 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

It’s fair to say that Alan Haig has a great pedigree in both the automotive industry and in finance in general. He holds an MBA from Columbia Business School, wrote AutoNation’s original business plan in 1996, and went on to found Haig Partners and the Haig Report, currently having $5 billion in total dealership transactions on his record.

On this episode, Alan chats with our host Derek D about how he wrote that AutoNation business plan without even knowing a single car dealer, what initial missteps taught him about economies of scale in the automotive business, and why automotive M&A is a close indicator of the health of retail car sales. Plus, he discusses why some dealer principals may want to sell out prior to retirement age, his early experiences working for the late Wayne Huizenga, and more.
Alan Haig
Episode Highlights:

  • Why pent-up demand won’t be matched by supply in automotive retail for years to come, even if factories stepped up production
  • The chain reaction scenario that could result in some carmakers creating a glut of inventory, pre-pandemic-style
  • How savvy online marketing will be critical in the near future
  • Why wholly-online car buying is likely to grow, but why that growth may be limited

“Our math indicates that we’re going to be in a period of elevated front-end profits on new, and therefore elevated dealership earnings, for at least three years.”

— Alan Haig

|| Dealer News Today is a DCG Media production

  continue reading

180集单集

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