#34 Secrets to successful dealership acquisitions, Tools for wealth creation, Industry trends he’s bullish on, Profiting $10M on Tesla stock | Daniel Crainic, Owner of Time Auto Group

In this episode, I'm speaking with Daniel Crainic, CEO of Time Auto Group This episode is brought to you by: CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships. Learn more @ https://www.cdkglobal.com/dealership-xperience-platform Podium - The lead conversion platform for car dealerships. Get 10% off your plan by texting “CarDealershipGuy” to (833) 441-1166 or visit www.podium.com/automotive Interested in advertising with CarDealershipGuy? Drop us a line here. Interested in being considered as a guest on the podcast? Add your name here Topics: (00:00:00) - Intro (00:02:43) - Daniel’s journey into the industry (00:07:55) - Growing from 1 to 7 lots (00:09:51) - Acquiring real estate (00:13:35) - Marketing tricks (00:15:04) - Financing through Tesla stock (00:19:00) - Balancing family and work (00:20:16) - Delegation (00:21:23) - Dan’s first acquisition & moving into the franchise model (00:29:32) - The turnaround playbook (00:31:01) - Mentors (00:34:37) - Incentivizing General Managers (00:36:41) - Creating wealth in this business (00:44:20) - Biggest challenges (00:47:08) - Rebates, acquiring inventory, and technology (00:54:39) - What are you bullish on in the industry (00:58:49) - How to get in touch Check out Time Auto Group here Follow Daniel on X Email Dan at [email protected] Check out the website for me and follow me on X @GuyDealership! This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.