#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

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

In this episode, I'm speaking with Daniel Crainic, CEO of Time Auto Group

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 Daniel@TimeAuto.com

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.