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Posted: Sat 23:20, 31 Aug 2013 Post subject: Dodge Earnhardt |
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Dodge Earnhardt
Dodge Earnhardt bought his first dealership at age 30 and was running the management company behind Earnhardt Auto Centers three years before that.
By the standards of the Earnhardt family (which is unrelated to the racing dynasty), he was a late bloomer.
Grandfather Tex Earnhardt was one of the youngest Ford dealers ever when he opened a store in Chandler,[link widoczny dla zalogowanych], Ariz.,[link widoczny dla zalogowanych], at age 21 in 1951. Dodge's dad,[link widoczny dla zalogowanych], Hal,[link widoczny dla zalogowanych], owned his store,[link widoczny dla zalogowanych], a Dodge dealership,[link widoczny dla zalogowanych], at age 23.
"I just always worked at the company,[link widoczny dla zalogowanych]," said Dodge,[link widoczny dla zalogowanych], who as a youngster had to sweep after tent sales and pick up cigarette butts to earn the latest pair of gym shoes. His real name is Hal Earnhardt IV.
Nobody will accuse him of not earning his stripes. Since buying Earnhardt Buick-GMC in Mesa,[link widoczny dla zalogowanych], Ariz.,[link widoczny dla zalogowanych], in 2010,[link widoczny dla zalogowanych], Dodge has put up the majority of the equity to purchase four more stores and has taken a minority position in a fifth.
That has doubled the number of stores owned by family members to 12,[link widoczny dla zalogowanych].
The family expects the 12 stores combined to sell about 28,[link widoczny dla zalogowanych],000 new and used vehicles in Arizona this year for total revenue of about $950 million.
He said he wants to create opportunities for his four children to enter the business, as his father and grandfather did for their families.
All 12 stores use the motto: "That ain't no bull." That's in honor of Tex Earnhardt,[link widoczny dla zalogowanych], who moonlights as a cattle rancher and once explained to a greenhorn that a castrated bull is a steer,[link widoczny dla zalogowanych], not a bull. Tex,[link widoczny dla zalogowanych], 81,[link widoczny dla zalogowanych], still stars in the stores' commercials.
Dodge Earnhardt,[link widoczny dla zalogowanych], who always uses "sir" and "ma'am," is a no-bull guy. During the recession,[link widoczny dla zalogowanych], he cut management salaries at all the stores by 20 percent and replaced those losses with bonus opportunities. He also negotiated concessions from vendors for everything from advertising and digital marketing to shop tools and housekeeping. The savings spared all but 40 to 50 of 1,[link widoczny dla zalogowanych],150 employees from layoffs.
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