#55 Double-digit increases in dealership auto theft, Adapting to the future of cars, Losing $10,000 a year in keys | Steve Baucom, President of KEYper Systems

In this episode, I'm speaking with Steve Baucom, President of KEYper Systems This episode is brought to you by: Private Auto - The safest way to buy and sell vehicles privately. Use code ‘CDG’ to list your car for free. Learn more @ https://privateauto.com/ Valvoline - Go beyond the traditional supplier-dealer partnership today by visiting https://partner.valvolineglobal.com/ Interested in advertising with Car Dealership Guy? Drop us a line here Interested in being considered as a guest on the podcast? Add your name here Topics: (00:00:00) - Intro (00:02:40) - Steve’s journey into auto (00:04:37) - Realizing the major key problem in the industry (00:06:25) - Financing the business (00:07:12) - Did you have a gut feeling of ‘this is going to work’? (00:08:35) - How were you able to build this 35 years ago? (00:11:28) - Is there still opportunity for niche hardware businesses in the car industry? (00:13:24) - How do you innovate against the possibility that keys will go away? (00:15:33) - What is the practical next step for keys? (00:17:20) - How do you maintain a culture of innovation? (00:19:38) - What does your product look like today? (00:21:48) - Selling the company (00:25:52) - Is there competition in this space? (00:29:04) - What theft trends do you see at dealerships? (00:32:39) - Crazy stories Check out Keyper here. Get in touch by emailing [email protected] Check out the website for more (https://dealershipguy.com) and follow me on X @GuyDealership! (https://x.com/guydealership) This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.