Insights for the Future of Auto
Insights for the Future of Auto
Todd Caputo began his full-time career in automotive retail/wholesale as the General Manager of Sun Chevrolet in 1994, which he later acquired from his Father in 2012. During his career, Todd built a strong leadership team and grew the family’s business exponentially. As he grew the Chevrolet business and market share, he acquired three former new car dealerships, converting them into high- volume standalone independent used car dealerships with showrooms and fixed operations departments. Branding himself as “The Used Car King,” he continued to increase market share and achieved annual revenues of $200 million dollars between his four locations. At the end of 2020, Todd’s three Used Car King dealerships and his dealership Sun Chevrolet were acquired by Sonic Automotive.
The last 18 months in the car business have been yielded above average profits with much lower volume. This was due to a shortage of inventory that effected the entire industry. This su... [Read More]
Retail