Momentum Client Todd Blue Chairman & CEO of indiGO Auto Group in the news!

We are thrilled to see our client, Todd Blue, Chairman and CEO of indiGO Auto Group in the news!

Todd was quoted in an article on automotivenews.com providing his insight on “what dealers can do in the good times to prepare for the bad.” (see below)

 

Todd Blue remembers the day in 1981 when his dad, who ran the family’s scrap-metal business, drove off in a red Porsche 928 and came home in a silver Buick LeSabre. “That stuck in my mind. I remember the sacrifices he went through in order to survive the cyclicality,” said Blue, now a dealer with luxury-brand stores in Houston and Rancho Mirage, Calif.  The childhood lesson: Be careful with debt and be able to tighten the belt quickly. That influences Blue’s own dealership operations today as he watches inventory levels to make sure they don’t creep to the point of causing trouble when sales dip.  It’s something many dealers at the National Automobile Dealers Association convention were thinking about as they looked to 2015 and beyond. With new light-vehicle sales predicted to approach or top 17 million units, dealerships are poised for another year of record or near-record profits.  But a sales downturn is inevitable. And though the lessons of the Great Recession remain fresh, dealers know complacency can set in easily during robust times.

The full article from Automotive News is available here.