For those of you who may not know Steve Germain, his family, and the hugely successful Germain Automotive Group, I would like the opportunity to introduce them in this article. Family Succession is by far the most difficult aspect, not just in the automobile business, but in any family business.  When succession reaches the fourthRead more

From the inception of the retail automotive dealer network, an essential component of owning a franchised dealership became very evident; having a succession plan.  In past years, succession plans grew out of the number of dealer’s children that took a keen interest in the dealership.  What was evident over a century ago, continues to holdRead more