Mike Hockett Quoted in Colorado Real Estate Journal Piece on Auto Retail Adapts to Changing Consumer Habits
Mike Hockett, our Colorado region’s VP of Business Development and Preconstruction, was tapped for his opinion in a Colorado Real Estate Journal article about the automotive industry.
Automobile retailers are facing many of the same challenges other retail industries are struggling to overcome. While new car dealerships and used car dealerships face different constraints in some regards, both are being pressed to address a supply-and-demand land imbalance, changing consumer habits and municipality hiccups.
The way forward for used car dealerships looks more nimble in the face of growing land costs and an active online market, while new car dealerships are placing a larger emphasis on the retail experience to retain and attract new customers.
Most owners are looking for acreage in new properties that can support a lot of surface parking as well as a single-story or a two-story building.
VP, BD and Preconstruction (CO), W.E. O’Neil
Read the Colorado Real Estate Journal’s full article about the automotive industry here.