#17 Shocking revelation about car dealer profits, Exploiting seasonality in the business, When CDG bought 100 cars with a credit card | Joel Bassam, President of Eastern Motors from Car Dealership Guy Podcast

#17 Shocking revelation about car dealer profits, Exploiting seasonality in the business, When CDG bought 100 cars with a credit card | Joel Bassam, President of Eastern Motors

1 hour 5 minutes Posted Jul 7, 2023 at 8:00 am.

Intro02:03 - Joel's background05:15 - Easterns business model13:06 - Weathering the current market20:19 - Unit economics & Sourcing30:37 - CDG's gov't auction story36:21 - Revenues & Margins42:28 - Marketing strategy54:12 - Growth & Expansion59:23 - Wrapping upFollow Joel:@jbassam2 on Twitter.Joel's LinkedIn.Easterns.com.Please take a moment to visit this episode's sponsor:⁠Fullpath⁠ – Discover Automotive's Leading Customer Data and Experience Platform.Turn your first-party data into customers for life with ⁠Fullpath⁠. Check out ⁠⁠⁠the website⁠⁠⁠ for more and follow me on Twitter ⁠@GuyDealership⁠! Interested in advertising with CarDealershipGuy? Join the sponsor waitlist ⁠⁠⁠here⁠⁠⁠. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

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In this episode, I'm speaking with Joel Bassam, President of Easterns Automotive Group.00:00 - Intro02:03 - Joel's background05:15 - Easterns business model13:06 - Weathering the current market20:19 - Unit economics & Sourcing30:37 - CDG's gov't auction story36:21 - Revenues & Margins42:28 - Marketing strategy54:12 - Growth & Expansion59:23 - Wrapping upFollow Joel:@jbassam2 on Twitter.Joel's LinkedIn.Easterns.com.Please take a moment to visit this episode's sponsor:⁠Fullpath⁠ – Discover Automotive's Leading Customer Data and Experience Platform.Turn your first-party data into customers for life with ⁠Fullpath⁠. Check out ⁠⁠⁠the website⁠⁠⁠ for more and follow me on Twitter ⁠@GuyDealership⁠! Interested in advertising with CarDealershipGuy? Join the sponsor waitlist ⁠⁠⁠here⁠⁠⁠. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

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