Dealer Succession


Finding Success as a Single-Store Dealership

Capital Tractor achieves success by empowering its staff and keeping used equipment inventory low.
In the nearly 50 years that Capital Tractor has been in business it has operated as many as 3 stores. But today, the Greenwich, N.Y., New Holland dealer is a single-store dealership and president Jamey Gibson doesn’t see that changing.
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Web Exclusive: Getting Outside Experience: Learning to Lead

Planning and preparing for the next generation of leadership is something many dealerships must consider in order to keep pushing forward into the future of the business. One roadblock many dealers cite is the need for the next generation to gain experience before taking on a management role within the dealership. This is necessary both for the success of the next generation and the dealership, but also to gain the respect of other employees.

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Dealership of the Year 2015: Salem Farm Supply Inc. Salem, N.Y.

Category: Under $75 Million in Revenues
Carole Lewis, president of Salem Farm Supply, didn’t plan on making her living as a farm equipment dealer, but life had different plans for her. Her father, Philip Lewis, purchased Salem Farm Supply in 1988 from the original owner. Philip was an investment banker from New York City who had moved to the area intending to buy a business. One day, he came in to Salem Farm Supply looking to buy a tractor, and he ended up buying the dealership, Lewis says.
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2015 Dealership of the Year Video Series: Salem Farm Supply

Developing a Manufacturer-Approved Succession Plan

Bill Martel, general manager of Salem Farm Supply (Salem, N.Y.), and Carole Lewis, president of Salem Farm Supply, talk about the importance of communicating with your manufacturer and getting approval on your succession plan.
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