Pub. 4 2022 Issue 3

With the number of electric vehicles coming through the service department growing day by day, dealers need to make sure their technicians are working with EV batteries safely. And they need to do this in a variety of locations, whether it’s inside or outside of a vehicle, or when a battery needs to be packaged and shipped offsite.

While there are many considerations in running a thriving dealership, one of the most important – and often overlooked – is developing and maintaining a succession plan. A strategy that allows for the transfer of ownership to the next round of leaders – whether family members, a trusted partner or an outside buyer – will position you and your business for future success.