America's Car and Truck Dealerships

3 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 1 AR AND RSHIPS O ver the past two years, one industry across this nation has seen incredible, unprecedented changes and most certainly, will continue to be significantly impacted by unparalleled market changes in the years ahead. Franchised car, truck, and motorcycle dealers were not only impacted by the COVID-19 pandemic but were also buffeted by the confluence of new technologies, the Electric Vehicle (EV) revolution, market disruptors, and digital retailing. Franchised new car and truck dealers have a long tradition of entrepreneurial prowess and have met challenges head-on over the past decades. Car and truck dealers, often spanning several generations within the same family, have survived the gas shortage of the 1970s, the Vietnam War, the threat of internet sales, 9/11, the War on Terror, the “Great Depression” of 2008-2009, bankruptcy of the leading vehicle manufacturers and, more recently, the impact of COVID with reduced face-to-face consumer sales. AT A GLANCE NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION (NCADA) WHAT: Organization representing new car, truck, and RV dealers across North Carolina WHERE: Based in Raleigh, NC WEBSITE: www.ncada.com Proud of their Past, Prepared for their Future By Robert Glaser, President NCADA (North Carolina Automobile Dealers Association)