We talk weekly with Robert Hollenshead, a serial entrepreneur, the World's Largest Automotive wholesaler (R. Hollenshead Auto Sales) and visionary behind disruptive automotive industry solutions including: Accu-Trade, Galves Market Data, MADE-Logistics, H
Sean Liptay, Robert Hollenshead
The 19 Rules of WholesaleThou shall not spend more than you make. Stay liquid. Cash flow is king.Never borrow. If you can't afford it today, don't count on tomorrow.Protect yourself from deadly partners. A bad partner can sink the whole operation.Don't leave cars hanging around. Inventory that doesn't move is a liability.Wholesale is a 24/7, 365-day, one-ring pickup lifestyle. If you're not available, someone else is.Be consistent. Steady discipline beats sporadic genius.Don't be a nut and get "mad at money." Emotional decisions cost money—stay rational.Thou shall not have partners. Partnerships create friction; own your decisions.If you must have a partner, don't choose one who would cheat on their spouse. If they lack integrity in life, they lack it in business.Thou shall not bring business into thy home. Keep work and family separate; protect your peace.Don't fish in sewer creeks. If the deal smells bad, walk away.Don't reshuffle auction cars. Wholesale is not retail; play by the right rules.You can't co-mingle wholesale and retail. Pick a lane and stay in it.In wholesale, everyone knows everyone's business. The market is small—your reputation is everything.Thou shall not be a gossip. Loose lips sink deals.Thou shall not shmear. Honesty builds longevity; shortcuts ruin reputations.You can't pay too much for a good car. Quality always holds value.Cheap cars lose money. Junk inventory is a losing game.Pay too much for a creamer? It either sells fast, or even if you lose, you still win. The right car at the right time moves, period.
Keep Moving, Marching, Cleaning, and Organizing
Same Car, Different Color - What Happens in the Open Market?
The Risk of Relying on Market Reports with Robert Hollenshead & Brian Kramer
Process Change for Profit with Robert Hollenshead & Brian Kramer
Chauffeur Knowledge and Vendor Fatigue
A review of Cash for Clunkers: When Government enters the market
Block and Tackle with Larry Feldman and Robert Hollenshead
Keeping the Edge with John Clay Wolfe and Robert Hollenshead
Geographic Differences, Button Pushers, and Rationalizing Trade-In Values. (With special guest Brian Kramer)
Q4 Market Update: EVs and Plastics in the Nation of Buy Here, Pay Here
The History and Reality of Floor Plans
UAW Strike and Potential Consequences for the Automotive Industry
The Reality of Being a Used Car Manager
Is the Automotive Market Still Insane?
Navigating Transaction Reports in the Current Market
A Demand-Factor Nobody is Talking About
The NEW way thieves are targeting auto dealers. Be aware.
A Consumer-Dealer Acquisition Model That Works
Acquiring Vehicles Through the "Best-End User" Lens
Forget the Past Two Years -- It's 2019 All Over Again.
How a Storm Can Create Ghosts in Vehicles
The market finally has us "touching sand again", but is another storm on the horizon?
In this episode, Bob discusses how to navigate the "3 strike market".
In this espisode, Bob talks about the shortsightedness of voiding warranties.
In this episode, Bob discusses "lot rot" -- what it is, and how to deal with it.
In this episode, Bob discusses what the '72 gas crisis has in common with today's market. 50% no sale rates and what to expect in the coming months.