APRIL 13TH, 2010
By CONTRIBUTING BLOGGER
By Jeff Scherer, Associate Partner, Callbutton LLC – Many years ago, before the Internet was “cool,” I was the Internet sales manager for one of the largest automotive retailers. This was a very interesting time because prior to this, no auto entities had really stepped out to try to market vehicles through this new budding medium known as “the Web.” To say that many of the old-school general managers in our dealer groups were skeptical would have been a tremendous understatement. They said over and over that this Web thing was a fad, and would never work to sell cars. Our team was often looked at as the “geek squad,” (no offense to the Best Buy’s guys) and as competitors to the retail sales team. Much of this doubt and fear was understandable as we were jumping quickly into territory that was undefined and unknown. Read more >>
MARCH 5TH, 2010
By CONTRIBUTING BLOGGER
By Gary Druckenmiller, Jr., co-founder, TheOpenSea.com – Within the last few years, social marketing has become completely mainstream. Connecting our world like never before, it has become an incredible, vast network. With a reported 67 percent of the global online population now visiting ‘member communities,’ including social networks/blogs[1], it is no surprise that social media is proving to be a powerful business tool. Read more >>
FEBRUARY 23RD, 2010
By CONTRIBUTING BLOGGER
By Peter Granata, president, Granata Design and the Marine Design Resource Alliance — Ever notice how some leaders look at things individually rather than as a whole? They look at the numbers of the business but not the business overall. They focus on the problem, not what is causing the problem. They look at the way things have always been done in their industry but not the way other industries are accomplishing their goals. It’s called “not seeing the forest through the trees.” Read more >>
AUGUST 12TH, 2009
By JON MOHR
As in the auto industry, where companies like GM are narrowing their focus by eliminating brands and models to help lure customers back – which the New York Times discussed in a story today – Brunswick has made the decision to discontinue its Maxum line, which has been around since 1988. You can read the details here. Read more >>
JULY 21ST, 2009
By MATT GRUHN
Denny Hecker is widely known in the Minneapolis/St. Paul-area. A long-time auto dealer based here in the Twin Cities, Hecker’s career changed abruptly this year when, under the pressure of the economy, his numerous area businesses collapsed dramatically. Over the course of the last few months, Hecker’s empire has come crashing down around him in unimaginable fashion. According to the Minneapolis/St. Paul Business Journal, this is a short list of his experiences: he’s been sued by Chrysler, Ford and GM (the latter of which eventually dropped the case); 21 of his stores were foreclosed on; he’s the subject of a criminal investigation; he’s being sued for alleged fraud; several of his properties have been raided by investigators; and he has been charged with DWI. Read more >>
JUNE 8TH, 2009
By CONTRIBUTING BLOGGER
By Chris Kourtakis, Owner, H20 Limos Marine Service — With the recent announcements of Chrysler closing up to 800 dealers and GM a possible 1,500 dealerships, will this hurt of help the marine industry? More people keep focusing on the negative, but as we all know there is a silver lining to everything. Read more >>
MAY 15TH, 2009
By MATT GRUHN
Gerard Broshart is one of hundreds of dealers with a glum outlook this morning. He, according to an interview with CNN, was one of the nearly 800 dealers who received a letter from Chrysler yesterday, notifying him that his business must be shuttered by June 9. Today, GM is expected to follow suit by notifying 1,100 “underperforming dealers” that it will not renew their franchise agreements when they expire in 2010. Read more >>
APRIL 28TH, 2009
By JON MOHR
At the Marine Dealer Conference & Expo last November, Brunswick CEO Dusty McCoy said [and I'm paraphrasing here] that while many of the recessions the U.S. economy has endured in the past are V-shaped (the economy drops quickly, bottoms out, then rebounds steeply as well) he expects our current recession will be more U-shaped – meaning we won’t experience that quick bounce back. McCoy also said at the time that the economy was still on the left-hand side of the “U” and had not yet bottomed out. Where the economy stands today, some five months later, is a matter open for debate (if you would like to weigh in, please post a comment below), but if the latest Beige Book report issued the U.S. Federal Reserve is any indication, there are signs the economic freefall we’ve been in seems to be slowing, at least in some parts of the country. Read more >>