{"id":1674,"date":"2019-10-30T09:56:41","date_gmt":"2019-10-30T14:56:41","guid":{"rendered":"http:\/\/efgintelligence.com\/dealershipcorridor\/?p=1674"},"modified":"2019-10-30T09:58:53","modified_gmt":"2019-10-30T14:58:53","slug":"invest-your-best-assets","status":"publish","type":"post","link":"https:\/\/efgintelligence.com\/dealershipcorridor\/invest-your-best-assets\/","title":{"rendered":"Invest in Your Best Assets"},"content":{"rendered":"
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Contributing Author:
Amber Hash
Recruiting Manager
EFG Companies<\/figcaption><\/figure>\n

Chances are, you ended the third quarter in fairly positive territory. The majority of OEMs showed positive sales growth. The Federal Reserve cut interest rates a quarter point. Hiring remained strong in the majority of the US and the consumer optimism index is still high. Looks like it\u2019s going to be a good Christmas!<\/strong><\/p>\n

Just like in the movie, Christmas Vacation, you can\u2019t have good news without the bad. The political climate continues to make headlines. Tariffs remain in place, impacting both parts suppliers and OEMs. A battle over fuel efficiency is brewing in many state legislatures. And, the competition for good employees is stronger than ever.<\/strong><\/p>\n

As a dealership owner looking to thrive in the months ahead, what should you do? \u00a0Focus on what\u2019s in your control and invest in your best assets – your people.<\/strong><\/p>\n

Your people are your best assets. It\u2019s an old adage but it\u2019s true! Even with the move to more digital engagement, people are still critical to the retail automotive process. Keep it simple. Focus on the two tenets of staffing your dealership: hiring and retention.<\/p>\n

Hiring<\/strong><\/h3>\n
\"Dave
Dave Gibbs
Training Manager
EFG Companies<\/figcaption><\/figure>\n

When it comes to hiring, there was a nugget of good news in the recent Cox Automotive 2019 Dealership Staffing Study. The study found that generations are showing higher levels of interest in working at a dealership,<\/strong> specifically:<\/p>\n