We’ve got some exciting news to share as we prepare for the 2023 NAMAD Conference. Dealerslink, the nation’s fastest-growing new and pre-owned inventory management solution, and the largest online member-only vehicle marketplace, is gearing up to make a big splash at the 2023 NAMAD Conference. As a proud sponsor of the National Association of Minority Automobile Dealers (NAMAD), Dealerslink is excited to be part of this pivotal event.
Dedication to NAMAD’s Mission
NAMAD, a trailblazing organization established in 1980, has been at the forefront of promoting diversity in the retail automotive space. Their mission is to support and celebrate minority-owned dealerships, and their efforts are paying off. According to an article published by CBTNews, in 2022, the number of franchised minority dealers increased by over 100 for the second consecutive year, bringing the national total to an impressive 1,476 minority-owned storefronts.
This remarkable progress is something Dealerslink is uniquely qualified to discuss. As a company deeply ingrained in the automotive industry, they understand the challenges faced by minority-owned dealerships and are committed to supporting their growth and success.
One of the driving factors behind the increase in minority dealerships is the realization among manufacturers that these dealers can provide unique opportunities to connect with often-overlooked communities in the U.S. Top automotive brands like Toyota, Ford, Nissan and General Motors have seen significant growth in minority dealerships. This positive trend encourages automotive professionals to pursue training programs and connect with management teams across the industry.
Standing Alongside NAMAD in Promoting Diversity
But it doesn’t stop there. As the automotive industry continues to evolve, we see private equity and minority dealers working together, leveraging unique payment structures to serve a wider audience. Minority-owned dealerships are also poised to lead the charge in educating minority customers on the advantages of electric vehicles (EVs). This education could have a substantial impact on pricing and adoption in the EV segment.
The NAMAD Annual Membership Meeting is much more than just a gathering; it’s an opportunity to gain valuable insights and connect with key automotive stakeholders. At this event, dealerships can learn best practices to increase profitability and become more effective and efficient. The Annual Membership Meeting also offers excellent networking opportunities with key executives from automobile companies, financial institutions, and other critical auto-related vendors. It’s a chance for dealers and dealer candidates to interview with automobile company leadership for future opportunities, making it a truly unique and beneficial experience in the industry.
Dealerslink Showcasing Latest Innovation
But wait, there’s more! We have some groundbreaking news to share as we gear up for the 2023 NAMAD Conference! Dealerslink is excited to introduce our latest innovation: ReconCloud the newest recon tool. It’s a game-changer in the automotive industry, and we can’t wait to showcase it at the National Association of Minority Automobile Dealers (NAMAD) event next week!
Dealerslink is excited to be a part of the 2023 NAMAD Conference, standing alongside NAMAD in their commitment to promoting diversity and supporting minority-owned dealerships. As the automotive industry faces challenges like inflation, interest rate hikes, and rising car prices, it’s crucial for manufacturers and dealers to work closely together to develop lasting solutions that benefit both the industry and its consumers.
So mark your calendars for October 10-13, because Dealerslink is heading to the NAMAD Conference, and it’s going to be an event to remember. Stay tuned for updates, insights, and all the exciting developments from the conference floor!