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For Rhett Ricart, the challenges of the 2008 recession ultimately accepted benign — aing dealers still use the strategies that helped them survive. Photo credit: KELLY KOOLHOVEN

“You accept to absorb the ability of your people,” said Rhett Ricart, CEO of Ricart Automotive Accumulation in Columbus, Ohio. “You accept to let your bos know” that they’ll be taken affliction of “in the average of all this anarchy they went home and saw on television. They saw their acquaintance get their car repossessed. They saw homes with foreclosure signs on the advanced of them.”

Ricart said a action of “take acceptable affliction of your people” was abundant of the active force abaft his group’s success during the recession, forth with the abstraction to “Never let sales outrun service.” Rapidly implementing cost-saving annual from his 20 Accumulation helped, too.

Today, the accumulation holds Ford, Nissan, Mazda, Mitsubishi, Hyundai and Kia franchises, employs amid 560 and 590 advisers and sells 16,000 new and acclimated cartage a year.

‘Resilient’

Ricart, 61, has been in auto bartering aback 1981, has represented Ohio’s franchised new-car dealers as a administrator of the National Automobile Dealers Association and has credible recessions aback the aboriginal 1980s.

Rhett Ricart

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