Currently, the automotive industry is at an all time high for vehicles sold. Yet, as the old saying goes, what goes up must come down. Our team is confident not only in ourselves, but our clients as well. We are watching the stock market closely in anticipation of a curveball headed our way.
In 2008 the Stock Market and economy took a large hit, which, was felt across the states. It was also, in relative terms, a quick hit. The fall took place over the course of 18 months, and, dropped more than 50%. As opposed to the hit during The Great Depression, which took about three years and dropped almost 90%.*
The Stock Market has been showing signs of wavering the past couple of weeks, which has business owners and employees on edge, for the most part. We are always watching the market, not only for our business, but for our clients as well. By doing so we are able to better strategize; what is working well and what needs improving. If a client is in a market proven to do well selling Hybrid vehicles, we would not need to focus as much on that part of their inventory, instead we would put more focus on other parts of their inventory.
With this in mind we have more than a few tricks up our sleeves to help you through any situation we may find ourselves in. If this is not something your provider is thinking about, contact us today so that we may strategize with you!