The Hertrich Family of Automobile Dealerships’ Post

Apologies a bit of a rant to express frustration and disappointment. So, with the looming rebuild of the wife's current car and not wanting to drive one of the trucks or race cars to work and back, I finally talked the wife into going back and looking at cars. Needless to say, she likes sport coupes. EXTREMELY disappointed with Chevrolet. We went to two different dealerships with very similar results. Confirming what I kind of already knew, but like many, did not want to believe it. Chevy has a big fat NOTHING! Zero, Zilch, Zip, NADA to offer in a sport coupe not even a 4 door sedan. All they have now is portly SUV/CUV/EUV looking things and Trucks. Oh and the Corvette. When I asked the salesmen at each dealership "Do you have anything used?" I was greeted with a "What do you mean?" Surprised, I clarified and said "You know, Camaro, Corvette, even other brands Challenger, Mustang" they both actually laughed and immediately tried to steer us to a staggering $168,000 Corvette!! I asked both of them "Is an entry level or mid level price available as that seems quite high" they both answered "No, that's pretty much the going rate" - this was from two different dealers! VERY disappointed with you and shame on you Chevrolet for alienating a large portion of your loyal customer base. Looks like I will not be buying anything new along with looking at other brands. Sad, sad times if you're a loyal GM customer and an automotive enthusiast. Shame on you General Motors! -Signed a loyal GM customer for over 30 years soon to be a potential former customer. #whathappenedtochevy #whatsgoingonatgm #whathappenedtothegeneral #generalmotors #chevy #chevrolet

Merger&Acquisition

Whenever anyone talks about Sir Ratan Tata, it always reminds me of this story. In 1999, when Tata Motors’ passenger car division was struggling, Ratan Tata considered selling it to Ford. During a meeting in Detroit, Ford’s executives reportedly said, “You don’t know anything about the car business. Why did you start it?” That moment of humiliation could have been the end, but instead, it sparked a journey of determination. Fast forward to 2008, the tables had turned. Tata Motors acquired Jaguar Land Rover from Ford in a $2.3 billion deal. Bill Ford’s words at the time? “You are doing us a big favor by buying JLR.” This story always reminds me: setbacks are just setups for comebacks. It’s not about the fall, but how you rise that defines success. 💪 What’s your biggest lesson from this story? How do you turn challenges into opportunities? #Leadership #Resilience #RatanTata #BusinessSuccess #TataMotors #Ford #JLR #Inspiration

The Tale of 2 Companies: Hero Motocorp: Market cap - 1,00,000 Cr 40000 Cr Sales 4000 Cr Net PROFIT 17000 Cr Reserves 5000 Cr POSITIVE Operating Cash Flow 600 Cr Debt (Almost Negligible) Who wants a Boring, Profitable company??? Ola Electric: Market cap - 65000 Cr 5000 Cr Sales 1600 Cr Net LOSS 2900 Cr NEGATIVE Reserves 5600 Cr Debt (more than sales) 600 Cr NEGATIVE Operating Cash Flow Everyone wants a Futuristic company even though there is no cash flow 😅 What's your view?

American Honda provided an outlook on its U.S. automobile business for 2024 during a recent media briefing. American Honda auto sales finished 2023 at 1.3M units in sales, up 33% year-over-year as production stabilized and logistics challenges eased. Moving into 2024, the Honda brand alone is expected to realize sales of up to 1.3 million units and the Acura brand will aim to add an additional 150,000 units. This will mean a sales increase for American Honda ranging from 10-15% compared to 2023. American Honda is entering 2024 with strong inventory of both cars and trucks, maintaining a strong position to continue the sales momentum into 2024. The Honda CR-V hybrid was the best-selling hybrid vehicle in the U.S.—from any segment—in 2023. Sales volume exceeded expectations, reaching 197,317 for the year. American Honda Motor Company, Inc. Honda Acura #Honda #Acura #AmericanHonda #LarryPickett #DealerTrainingSource #DTS #DTSNews #Sales #2024

𝐔.𝐒. 𝐀𝐮𝐭𝐨 𝐒𝐚𝐥𝐞𝐬 𝐚𝐫𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐃𝐞𝐜𝐥𝐢𝐧𝐞 𝐃𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝟐𝐧𝐝 𝐡𝐚𝐥𝐟 𝐨𝐟 𝟐𝟎𝟐𝟒 U.S. auto sales in the first half of the year are projected to increase by 2.9% compared to the same period last year, according to Cox Automotive. Read More: https://bityl.co/RU6A #autosales #USAutoSales #autobusiness #news #NewsUpdate #BusinessNews #CoxAutomotive #businessnewsupdates

The Sale of Dealerships Daimler's decision to sell its dealerships is a reflection of the changing consumer landscape. As online shopping and home delivery services become increasingly prevalent, the traditional dealership model is facing challenges. This shift could lead to job losses among dealership staff, including sales representatives, mechanics, and administrative personnel. However, it also presents opportunities for new roles, such as digital marketing specialists and customer service representatives. The Closure of Factories Volkswagen's closure of two factories is a direct response to changing market dynamics and the increasing demand for electric vehicles. While this decision will undoubtedly result in job losses, it is also a sign of the industry's transition to a new era. The closure of factories may lead to a shift in manufacturing operations to regions with more favorable conditions for electric vehicle production, potentially creating new job opportunities in these areas. Vehicle Recalls BMW's recall of vehicles is a common occurrence in the automotive industry, often triggered by safety concerns or technical issues. While recalls can temporarily disrupt production and lead to job losses in specific areas, such as quality control and manufacturing, they are generally not a long-term threat to job security. In fact, recalls can often create opportunities for engineers, technicians, and other professionals to address the underlying issues and improve product quality. Overall Impact on Job Security The combined impact of these developments on job security is complex and depends on various factors, including the specific regions affected, the nature of the jobs at risk, and the availability of alternative employment opportunities. While there is undoubtedly a risk of job losses, it is important to recognize that the automotive industry is constantly evolving. The transition to electric vehicles, the rise of autonomous driving technology, and the increasing emphasis on sustainability are all driving significant changes that could create new jobs and opportunities. As automotive engineers, it is essential to stay informed about these developments and to adapt our skills and knowledge to meet the changing demands of the industry. By embracing new technologies and focusing on innovation, we can help to secure our own job security and contribute to the long-term success of the automotive industry.

American Honda provided an outlook on its U.S. automobile business for 2024 during a recent media briefing. American Honda auto sales finished 2023 at 1.3M units in sales, up 33% year-over-year as production stabilized and logistics challenges eased. Moving into 2024, the Honda brand alone is expected to realize sales of up to 1.3 million units and the Acura brand will aim to add an additional 150,000 units. This will mean a sales increase for American Honda ranging from 10-15% compared to 2023. American Honda is entering 2024 with strong inventory of both cars and trucks, maintaining a strong position to continue the sales momentum into 2024. The Honda CR-V hybrid was the best-selling hybrid vehicle in the U.S.—from any segment—in 2023. Sales volume exceeded expectations, reaching 197,317 for the year. For more info, visit DealerTrainingSource.com American Honda Motor Company, Inc. Honda #Honda #Acura #AmericanHonda #LarryPickett #DealerTrainingSource #DTS #DTSNews #Sales #2024

Top 10 carmakers' line-up by sales, May 2009: … carmakers in May 2009 and their sales total. ============================================ No. Automaker …                                                  Sales ============================================ 1. FAW-Volkswagen Automotive … Automobile … #car #cars #awesome

Strategies for maximizing profitability in a shifting automotive market – Kevin Frye | Jeff Wyler: … , Marketing Director at Jeff Wyler Automotive Family. Key Takeaways  1. Frye … contributed to a slowdown in automotive sales. Moreover, dealerships are facing … potentially delay major purchases like automobiles, impacting dealership sales. 3. Additionally … #car #cars #awesome