Leisure:Automotive
#17 Shocking revelation about car dealer profits, Exploiting seasonality in the business, When CDG bought 100 cars with a credit card | Joel Bassam, President of Eastern Motors
2023-07-07
In this episode, I'm speaking with Joel Bassam, President of Easterns Automotive Group.
00:00 - Intro
02:03 - Joel's background
05:15 - Easterns business model
13:06 - Weathering the current market
20:19 - Unit economics & Sourcing
30:37 - CDG's gov't auction story
36:21 - Revenues & Margins
42:28 - Marketing strategy
54:12 - Growth & Expansion
59:23 - Wrapping up
Follow Joel:
@jbassam2 on Twitter.
Joel's LinkedIn.
Easterns.com.
Please take a moment to visit this episode's sponsor:
Fullpath – Discover Automotive's Leading Customer Data and Experience Platform.
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Check out the website for more and follow me on Twitter @GuyDealership! Interested in advertising with CarDealershipGuy? Join the sponsor waitlist here. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
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