CEO, Gerry Raymond of Gerry Raymond Automotive

21/12/2022 12 min
CEO, Gerry Raymond of Gerry Raymond Automotive

Listen "CEO, Gerry Raymond of Gerry Raymond Automotive"

Episode Synopsis

Owner and Dealer Principal▪ Gerry Raymond Chevrolet Buick GMC – Wintersville, OH▪ Gerry Raymond Chrysler Dodge Jeep Ram – Brookville, PAGerry acquired his first automotive dealership, Gerry Raymond Chevrolet Buick GMC, in 2021 anddelivered significant profit, volume, and customer satisfaction achievements – combined withcost control and revenue growth – to build value in the business. Following Gerry’s acquisition,the store increased sales volume 86% and is on track to sell 1,000+ cars this year, with $48 millionin annual revenues and more than $2.5 million in net profits. The dealership was recognized byGeneral Motors as the #1 performer in Chevrolet sales in the District and in the Top 4 in thePittsburgh Zone. In 2022, Gerry added Gerry Raymond Chrysler Dodge Jeep Ram of Brookville tohis retail automotive portfolio. The two-store group is expected to exceed $80 million in annualsales, with more than 1,700 vehicles sold per year.