#33 Launching a dealership with $40K, Profits and losses, Selling Teslas in the Midwest, Highs and lows of running a small dealership | Brandon Miller, Founder of Miller Auto

In this episode, I'm speaking with Brandon Miller, Founder of Miller Auto. This episode is brought to you by: Podium - The lead conversion platform for car dealerships. Get 10% off your plan by texting “CarDealershipGuy” to (833) 441-1166 or visit www.podium.com/automotive CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships. Learn more @ https://www.cdkglobal.com/dealership-xperience-platform Interested in advertising with CarDealershipGuy? Drop us a line here. Interested in being considered as a guest on the podcast? Add your name here Topics: (00:00:00) - Intro (00:03:06) - Brandon’s previous life as the mayor of a small town (00:05:42) - Starting a dealership (00:11:40) - Funding inventory and knowing what to buy (00:15:40) - Brandon’s role at the dealership (00:16:38) - The profitability of the dealership (00:17:05) - Financing inventory (00:19:04) - Auction Strategies (00:20:03) - Building a vertically integrated company (00:22:19) - Building a Tesla modification arm of the business (00:28:25) - Monthly sales numbers (00:29:05) - Marketing strategies (00:30:08) - Profits & team structure (00:35:06) - Warranties (00:35:56) - The Tesla market in Wisconsin (00:41:20) - The impact of interest rates on dealerships (00:43:08) - Consumer lending (00:45:21) - How to get in touch with Brandon Check out Miller Auto here. Follow Miller Auto on X & Facebook Check out the website for me and follow me on X @GuyDealership! This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.