#34 Secrets to successful dealership acquisitions, Tools for wealth creation, Industry trends he’s bullish on, Profiting $10M on Tesla stock | Daniel Crainic, Owner of Time Auto Group
10/27/23 • 60 min
1 Listener
In this episode, I'm speaking with Daniel Crainic, CEO of Time Auto Group
This episode is brought to you by:
CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships.
Learn more @ https://www.cdkglobal.com/dealership-xperience-platform
Podium - The lead conversion platform for car dealerships.
Get 10% off your plan by texting “CarDealershipGuy” to (833) 441-1166 or visit www.podium.com/automotive
Interested in advertising with CarDealershipGuy? Drop us a line here.
Interested in being considered as a guest on the podcast? Add your name here
Topics:
(00:00:00) - Intro
(00:02:43) - Daniel’s journey into the industry
(00:07:55) - Growing from 1 to 7 lots
(00:09:51) - Acquiring real estate
(00:13:35) - Marketing tricks
(00:15:04) - Financing through Tesla stock
(00:19:00) - Balancing family and work
(00:20:16) - Delegation
(00:21:23) - Dan’s first acquisition & moving into the franchise model
(00:29:32) - The turnaround playbook
(00:31:01) - Mentors
(00:34:37) - Incentivizing General Managers
(00:36:41) - Creating wealth in this business
(00:44:20) - Biggest challenges
(00:47:08) - Rebates, acquiring inventory, and technology
(00:54:39) - What are you bullish on in the industry
(00:58:49) - How to get in touch
Check out Time Auto Group here
Follow Daniel on X
Email Dan at [email protected]
Check out the website for me and follow me on X @GuyDealership!
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
In this episode, I'm speaking with Daniel Crainic, CEO of Time Auto Group
This episode is brought to you by:
CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships.
Learn more @ https://www.cdkglobal.com/dealership-xperience-platform
Podium - The lead conversion platform for car dealerships.
Get 10% off your plan by texting “CarDealershipGuy” to (833) 441-1166 or visit www.podium.com/automotive
Interested in advertising with CarDealershipGuy? Drop us a line here.
Interested in being considered as a guest on the podcast? Add your name here
Topics:
(00:00:00) - Intro
(00:02:43) - Daniel’s journey into the industry
(00:07:55) - Growing from 1 to 7 lots
(00:09:51) - Acquiring real estate
(00:13:35) - Marketing tricks
(00:15:04) - Financing through Tesla stock
(00:19:00) - Balancing family and work
(00:20:16) - Delegation
(00:21:23) - Dan’s first acquisition & moving into the franchise model
(00:29:32) - The turnaround playbook
(00:31:01) - Mentors
(00:34:37) - Incentivizing General Managers
(00:36:41) - Creating wealth in this business
(00:44:20) - Biggest challenges
(00:47:08) - Rebates, acquiring inventory, and technology
(00:54:39) - What are you bullish on in the industry
(00:58:49) - How to get in touch
Check out Time Auto Group here
Follow Daniel on X
Email Dan at [email protected]
Check out the website for me and follow me on X @GuyDealership!
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
Previous Episode
#33 Launching a dealership with $40K, Profits and losses, Selling Teslas in the Midwest, Highs and lows of running a small dealership | Brandon Miller, Founder of Miller Auto
In this episode, I'm speaking with Brandon Miller, Founder of Miller Auto.
This episode is brought to you by:
Podium - The lead conversion platform for car dealerships.
Get 10% off your plan by texting “CarDealershipGuy” to (833) 441-1166 or visit www.podium.com/automotive
CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships.
Learn more @ https://www.cdkglobal.com/dealership-xperience-platform
Interested in advertising with CarDealershipGuy? Drop us a line here.
Interested in being considered as a guest on the podcast? Add your name here
Topics:
(00:00:00) - Intro
(00:03:06) - Brandon’s previous life as the mayor of a small town
(00:05:42) - Starting a dealership
(00:11:40) - Funding inventory and knowing what to buy
(00:15:40) - Brandon’s role at the dealership
(00:16:38) - The profitability of the dealership
(00:17:05) - Financing inventory
(00:19:04) - Auction Strategies
(00:20:03) - Building a vertically integrated company
(00:22:19) - Building a Tesla modification arm of the business
(00:28:25) - Monthly sales numbers
(00:29:05) - Marketing strategies
(00:30:08) - Profits & team structure
(00:35:06) - Warranties
(00:35:56) - The Tesla market in Wisconsin
(00:41:20) - The impact of interest rates on dealerships
(00:43:08) - Consumer lending
(00:45:21) - How to get in touch with Brandon
Check out Miller Auto here.
Follow Miller Auto on X & Facebook
Check out the website for me and follow me on X @GuyDealership!
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
Next Episode
#35 Raising $300M+ for automotive venture capital, Rise and fall of Vroom, Hottest auto tech investments, His biggest wins and losses, AVs, EVs and A.I. | Chase Fraser, Founder and Managing Partner, FM Capital
In this episode, I'm speaking with Chase Fraser, Founder & Managing Partner at FM Capital.
This episode is brought to you by:
AutoFi - AutoFi empowers your team with digital retail technology that accelerates the sale. Learn more @ https://www.autofi.com/cdg/
Podium - The lead conversion platform for car dealerships. Get 10% of your plan by texting “CarDealershipGuy” to (833) 441-1166 or visit https://bit.ly/48UKr4x
Interested in advertising with CarDealershipGuy? Drop us a line here
Interested in being considered as a guest on the podcast? Add your name here
Topics:
(00:00:00) - Intro
(00:02:49) - Vroom-Carvana Saga
(00:05:26) - Chase’s background and specializing in automotive
(00:08:34) - Sourcing deals & areas of focus
(00:11:00) - How dealers should think about autonomous cars
(00:14:28) - The auto agency model
(00:16:16) - Tightening parameters in VC for Autotech
(00:19:51) - The state of AI in auto and how it will impact dealerships
(00:28:07) - Thoughts on EVs
(00:38:17) - Dealers acting as investors with Chase
(00:42:21) - Regional dealership consolidations
(00:44:18) - Economic concerns
(00:48:36) - Advice to dealers
(00:50:55) - Chase’s biggest VC wins and humbling moments
(00:55:00) - Get in touch with Chase
Check out FM Capital here.
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.
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