In a recent interview with CBT News, the founder of vAuto, Dale Pollak was asked to give his insight on how ride-sharing companies, driverless cars, and margin compression could influence the near future of the industry, where he mentioned being on the edge of a down cycle.
“It always has been a cyclical Business and we have just come off seven of the best years that perhaps any of us will again see in our careers,” Pollack says to Jim Fitzpatrick when asked about his thoughts as it pertains to an estimated SAAR prediction from J.D. Power. Dealers can expect for this down cycle to be insignificant. It’s also unlikely the years to come will be able to match the performance of the past few when speaking about volume.
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