I shared a table with my good friend Wadette Bradford at the Women Dealers Leadership Luncheon during NADA, and was excited to hear about her new gig. Bradford is now Dealer Network Diversity & Investments Manager at FCA. Her boss, Bashar Cholagh was at the table too.
They are heading up a program in which, rather than becoming part-owner of a dealership along with a new dealer principal, FCA acts as a guarantor for a loan to acquire a dealership. It’s a unique approach, and one FCA hopes will boost the number of minority owners, including women, of its franchises. Read more about the program in this week’s issue.
If you are selling a dealership you think about many factors including financial statements, what kind of shape the facility is in, and how good your CSI scores are. But do you consider how well these and other vital selling tools are presented to potential buyers.
The Pitchbook is many buyers’ first exposure to important information about a dealership. What information the Pitchbook contains, and how it is presented, can help boost the value of your dealership. Read Ken Rosenfield’s column in this week’s issue to learn more.
And don’t forget (as if you would) Transaction News.