TodayApril 16, 2022

John Krafcik, Hyundai, on car dealers & suppliers

Hyundai car dealers and suppliers

“This is a once every century dislocation in the marketplace,” said John Krafcik, President and CEO, Hyundai, when he sat down with Warren Brown of Washington Post fame, and myself to talk about car dealers and suppliers

Krafcik goes through the perils of a car dealer: for the manufacturer and the car dealer.

The city the car dealer pays sales tax to is hurting, employees are being laid off.

It’s a trickle-down effect that has hit Las Vegas, Nevada particularly hard. The city is disseminated, and Krafcik says the car dealers are feeling it.

What about the suppliers? All manufacturers are using suppliers, and all of them seem to agree that the suppliers need bailout money.

Lou Ann Hammond

Lou Ann Hammond is the CEO of Carlist and Driving the Nation. She is the co-host of Real Wheels Washington Post carchat every Friday morning and is the Automotive, energy correspondent for The John Batchelor Show and a Contributor to Automotive Electronics magazine headquartered in Korea. Hammond is a founding member of the Women's World Car of the Year #WWCOTY, and board member of the Women in Automotive.