Episode THIRTYONE: Remembering When Everything Fell Apart Back in 2008

 

I remember September - December of 2008 VERY clearly. Now that there is a decade between us, I thought it would be a good time to do a throwback to a time when we set off on an incredibly turbulent season in the car business and the economy in general. We hit some of the highlights (or more appropriately, low-lights) as I talk about the EXTREMELY important space between when a situation gets our attention and our reaction to it.

Lehman Brothers, Citigroup, auto bailouts, bankruptcies, cash for clunkers…it was NUTS!!! I was on the bleeding edge of going out of business as our customers, dealers, were getting crushed…but we didn’t.

As an industry, we didn’t. Nobody said it was easy.

Subscribe on your favorite podcast platform:


PaulJDaly Headshot.png

Resources:


Related Episodes: