18th Annual Auto Team America CEO-CFO Forum
Meeting Review and Presentation Highlights
Las Vegas, NV – February 3, 2012
As auto dealers look for certainty in uncertain times, it is clear that the industry's new normal is still on the horizon. No one could have predicted, even a few years ago, just how much change the automotive sector would undergo. Consolidation, bankruptcies, the collapse of credit markets, the drop in real estate value, economic concerns, and the changing priorities of the American consumer have re-invented the auto industry. How can your dealership differentiate itself in the new social media landscape? What's on the horizon for the industry? And how can you plan for your dealership's future?
Meeting summary: This Auto Team America held its 18th Annual CEO/CFO Forum on Friday, February 3, 2012, preceding the start of the NADA convention in Las Vegas. Featured speakers included one of the leading authorities on automotive dealership social media and reputation management strategies, Alexi Venneri of Digital Air Strike, and award-winning and often-quoted analyst John Murphy of BofA Merrill Lynch who works exclusively in the automotive industry.
Following their presentations, a panel of experts, moderated by Jay Ferriero, shared their perspectives on the buy-sell environment for automotive dealerships - an area that has been heating up as the industry begins to right itself. Panelists included Alan Haig of Presidio Merchant Partners LLC, Mike Sims of Pinnacle Mergers and Acquisitions, Mark Iuppenlatz of Group 1 Automotive, and Don Reese of Gurley Leep. Attendees of the forum included CEOs/CFOs of dealership groups, dealers and general managers, controllers and office managers, and related industry associates involved in dealership business management.
The material contained in this presentation is for general information and should not be acted upon without prior professional consultation.