The Presidio Group

Price sensitivity is paramount with consumers at the moment. But how is it affecting the sale of vehicles in the marketplace? We sit down with Jonathan Smoke, Chief Economist at Cox Automotive Inc., for his perspective in this Full Throttle interview. https://lnkd.in/dy5E5-ik For the full interview with Jonathan, and a library of 27 shows, go to: https://lnkd.in/dK47EQXX

The Presidio Group was honored to exclusively advise MileOne Autogroup, of Towson, Md., on the sale of Hall Honda Huntersville of Huntersville, N.C., outside of Charlotte, N.C., to Hudson Automotive Group in a deal that closed Aug. 26.   The store, which had been MileOne’s only holding in the Charlotte market, is located just 2,000 feet away from a Toyota dealership that Hudson Automotive purchased five months ago. The acquisition gives Hudson its 10th store representing the Honda brand.     The Presidio team congratulates the MileOne and Hudson organizations on the successful deal. “One of our most gratifying roles is when we can help dealers finetune their portfolios,” said George Karolis, president of The Presidio Group. “It has been a privilege to support the MileOne organization in completing this transaction.”   Read more about the deal here: https://lnkd.in/etq76zHM   #DealershipBuySell #MileOneAutogroup #HudsonAutomotiveGroup  

The Presidio Group is proud to partner with the Florida Automobile Dealers Association (FADA) as a sponsor of the 2024 Dealer Hall of Fame ceremony. We look forward to celebrating this remarkable group of pioneers and leaders who have played a key role in advancing the industry. #automotiveindustry 

Check out the latest from our Q2 2024 Presidio-NCM Average Dealership Performance Benchmark data featured in Automotive News last week. “The average U.S. franchised dealership saw net pretax profit slip 33.4 percent in the first half of 2024, though the profit decline appears to be slowing, according to the latest dealership performance benchmark report from The Presidio Group and NCM Associates. The report also found the typical dealership hasn’t reduced expenses quickly enough amid profitability declines.” Stay tuned for the full release of our Q2 2024 quarterly report!   Link to full article:  https://lnkd.in/evAypNwM

“Where Innovation Meets Capital,” – Round 2! Announcing our roster of speakers for the second annual Presidio Auto Technology Summit on Oct. 23 at The Denver Art Museum in Denver, CO. Join The Presidio Group and Holman Growth Ventures at this innovative summit as we again connect trailblazers and rainmakers in the auto tech world. Among the featured speakers:   Colin O'Brady, a 10-time world record breaking explorer and one of the world’s best endurance athletes Liza Borches, President and CEO, Carter Myers Automotive Bill Cariss, President and CEO, Holman Growth Ventures Sohum Doshi, Principal, Argentum Group LLC Eric Flow, COO, Flow Automotive Companies Chase Fraser, Managing Partner, FM Capital William Knowles, CFA, COO, Maroone USA Michael Maroone, CEO, Maroone USA Pearl Percy, Group VP and Chief Corp. Development Officer, JM Family Enterprises, Inc. Tony Rimas, Automotive Investor and Strategist, XPEL Sandy Schwartz, CEO, Cox Family Office, Cox Enterprises Summit topics include: Artificial intelligence, venture capital trends, dealership innovation and marketplace creation. Learn about the companies that are putting a stamp on auto retail, mobility and the automotive customer journey. Speed meet entrepreneurs, strategic investors, tech visionaries, venture capitalists and private equity leaders. Discover the companies that are putting a stamp on auto retail, mobility and the automotive customer journey. Engage with powerhouse hosts Presidio and Holman Growth Ventures as well as co-lead sponsor JM Family Enterprises, Inc. Registration open until 150 participants reached. Early registration: $695 until Sept. 6; $895 thereafter. For more information: https://lnkd.in/gQ4GxwXN

The Presidio Group was proud to be a sponsor of the National Association of Minority Automobile Dealers (NAMAD) Annual Membership Meeting in Miami this year. It was a privilege to connect and reconnect with both new and familiar faces in the automotive industry. George Karolis spoke in yesterday’s general session, sharing insights on current market conditions and the Q2 2024 NCM Associates data. A big thank you to NAMAD for allowing us to share our expertise. We appreciate our ongoing partnership over the years and we’re already looking forward to next year’s event! #NAMAD2024 #automotiveindustry

Episode 28 of The Presidio Group's podcast is live! Tune in now to Full Throttle: the meeting point for automotive retail and technology.   Presidio Multimedia and Events Director Jason Stein interviews Christopher Walsh president of The Reynolds and Reynolds Company, to discuss the latest in cyber security and the aftermath of the recent industry-rattling moment. We also talk AI, productivity and dealers unlocking the ability to do more with less. Chris Walsh has been with Reynolds for more than 35 years, holding various leadership roles in business development, operations, quality control, sales, marketing, and support. Click below to listen. And tune in every month for insights from the insiders. Full Throttle, a Presidio Group podcast, is where you'll find meaningful conversations with thought leaders who make news. https://lnkd.in/e6KJ7ZR2

Thank you, Car Dealership Guy, for sharing the Q2 2024 Presidio-NCM Average Dealership Performance Benchmark data. We are proud to partner with NCM Associates to bring this unique, insightful data to the market. This data is a critical part of Presidio’s continued commitment to thought leadership in the auto retail space. Stay tuned, more to come in the release of our full Q2 2024 quarterly report!

The Presidio Group is thrilled to be in Miami for the National Association of Minority Automobile Dealers (NAMAD) Annual Membership Meeting! We’re eager to connect and discuss market trends. Feel free to reach out to schedule a confidential meeting with us, and make sure to stop by booth #11! #NAMAD2024 #automotiveindustry Nathan Klebacha Lauren Pfohl Adam Schraudenbach Erika Bevers

Newly released data from the Presidio-NCM Average Dealership Performance Benchmark reveals that the typical dealer isn’t acting quickly enough to rein in expenses that rose during the heights of the pandemic profit boom. The average dealership saw its variable gross profit plunge 32 percent since 2022, but its total personnel expense has dropped by just 6 percent during the same period. “We’re surprised that the typical dealership hasn’t adjusted its spending and variable costs as quickly and appropriately as it should have given the decline in profitability over the last two years,” said George Karolis, president of The Presidio Group. “This is a time when dealers must be nimble and adjust quickly to the industry’s changing circumstances, and many of them have not.” According to the benchmark, which is produced by The Presidio Group and NCM Associates, net pretax profit for the average franchised store dropped 33.4 percent through the first half of 2024 compared with the same period in 2023. Even so, the average dealership’s profit was still 1.7 times 2018’s level. For more insight and data on the average dealership’s performance, see the full Presidio-NCM benchmark report here: https://lnkd.in/ejV9YtKu. #dealerships #DealershipPerformance #PresidioGroup #NCM