The latest episode of the Rural Lifestyle Dealer Podcast series is now available. This episode features a conversation I had in late December with Alex Chausovsky of ITR Economics. We take a look at what to expect from the economy in 2020 and beyond. We’re facing a slight downturn in the first half of the year, he says, followed by an upturn in the second half of the year.
What does this mean for dealers? Chausovsky talks through investments you can make ahead of the next business cycle, ones that will prepare your dealership for a more severe recession expected in 2022. He also says that dealers can benefit from downturns as well as upturns, “To take real advantage of the economic cycle, you want to do something that is actually counterintuitive for most people.”