Serpentini stated the group plans to rent as much as 25 individuals for the Westlake and Willoughby dealerships and about 15 for the Medina dealership, primarily in gross sales and technician positions. When the hires are accomplished, the six-dealership group can have a complete of about 500 staff, he added.
Gross sales and repair hours can be expanded on the three acquired places, Serpentini stated. These websites have “fabulous services,” he stated, so there are not any quick plans for bodily adjustments past the signage.
Serpentini purchased his first Chevrolet dealership in 1980, at age 22. His roots in auto retail return even additional, to 1973, when he was loads boy for the Spitzer auto group.
The auto dealership enterprise rises and falls, to a big extent, with the state of the economic system, and it has been driving a powerful wave, with U.S. gross sales of recent gentle automobiles topping 17 million for five consecutive years.
Serpentini stated gross sales of late are “not off the charts, nevertheless it’s very strong, and I will take strong all day lengthy.”
He stated the business is benefiting from low rates of interest, which assist each sellers and customers, and pricing consistency, which has improved the shopping for expertise.