Does your dealership have a performance gap?
As you know, I love to review business and industry data daily. I probably read 100 emails daily and receive various industry and financial magazines monthly. I find it notable how the content today compares to what I read five years ago. Even with my financial mind, I see some of this new data requires a new level of understanding, especially if a dealer wants to keep their current competitive edge. Companies must adapt to new costs...
Profit-Sharing Plans are making a comeback
Profit-sharing plans (PSPs) have been around for decades. Employers may use them to attract and retain workers and incentivize employee productivity. However, PSPs have gradually faded into the background as 401(k) plans gained popularity. In today’s tight labor market, some proactive employers implement PSPs to help them stand out. Should your company jump on the bandwagon? Here are some key factors to consider. The Basics PSPs...
Fed holds rates steady amid rising demand for Manufacturing Technology
Today, the Federal Reserve announced that it would hold benchmark rates at a target range of 4.25% to 4.50% in a widely anticipated move. This is the first meeting where the Fed held rates steady since they began to cut rates in September 2024. “Since the Fed began cutting rates in September, we have seen an uptick in orders for manufacturing technology,” said Christopher Chidzik, principal economist of AMT – The Association for...
You know what they say…..
I hope you had a splendid holiday week! There certainly were plenty of football games to watch. Besides a wicked hockey schedule related to my grandson’s two players, which is tough to handle when you have two players on different teams, it was a fun weekend and a relaxing Christmas week. I spent a lot of time thinking about all the issues I mentioned in last month’s column and how they will impact the markets I follow,...
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