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

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