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Dealership GMs Need Fewer Worries; Start Here: Recon and Appraisal Integrity

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A 2022 Bureau of Labor Statistics report reminds us that from the 2007 to 2009 recession β€” and through the onset of the pandemic in 2019 β€” β€œcar and truck dealerships faced an economic shock and compressed profit margins on new vehicles.” A 10-day reconditioning average equals a $500 holding cost against sale margin.

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Manheim Announces New Regional Vice President, Promotes 7 General Managers

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He went on to serve as general manager of Manheim Darlington in 2009, vice president of the Carolina Market in 2010, and general manager of Manheim Statesville in 2012. Butch Herdegen, general manager, Manheim Atlanta Market Center: Herdegen joined Manheims Vehicle Entry team in 2006 and went on to serve as a dealer services manager in 2009.