Will Trump's Second Term Hurt or Help the Automotive Industry?
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Michael Smith is from The Institute for Automotive Business Excellence
Today, there is a shift in leadership in the United States. But what other shifts may we see because of that one? How may it affect the automotive industry? Michael talks about the Trump administration and what he expects to see. He emphasizes that the long-standing "mom and pop" shop model may be coming to an end. Is that a good thing? Michael says that repair shop owners must adapt by either aligning with consolidation trends or stepping up their involvement in reshaping the automotive industry.
00:00 Transitioning to New Industry
Today, there is a shift in leadership in the United States. But what other shifts may we see because of that one? How may it affect the automotive industry? Michael talks about the Trump administration and what he expects to see. He emphasizes that the long-standing "mom and pop" shop model may be coming to an end. Is that a good thing? Michael says that repair shop owners must adapt by either aligning with consolidation trends or stepping up their involvement in reshaping the automotive industry.
00:00 Transitioning to New Industry
05:04 Generational Shift in Industry Improvements
08:37 "Value Lacking in Firms for Investment"
11:52 Online Shift and Corporate Consolidation
13:52 Automotive Market Shift to Free Market
17:30 Adapting Mom-and-Pop Auto Shops
20:06 Shifting Auto Industry Dynamics
22:31 Return to Free Market Focus
28:21 "Automotive Industry Perspectives"
29:48 Tesla's Influence and Automotive Conflict
33:30 Hope for Bipartisan Collaboration
37:24 Branding for Community Service Providers
38:46 Empowering Local Business Leadership
