Top Players Stay Cool, But Brace for Sales Downturn
“Good times create bad habits. and bad times create good habits,” says megadealer Joe Serra.
“It kind of feels like 2007 all over again.”
That comment from Jerry Mullinax, co-owner of six dealerships in Florida, Alabama, and Washington state, all of which are on the 2017 WardsAuto Dealer 500 (ranging from No.69 to No.460), reflects a growing sense among dealers that a change is coming.
Though no one has pulled the emergency cord, yet the auto-sales express that has been racing along at a record pace for the past seven years appears to be slowing.