This week, Energy in Depth – Ohio traveled to Columbiana to get a sense of the real benefits auto dealerships are seeing from shale development. Recently, the Youngstown Business Journal published the article “Shale Dollars Fuel Auto Sales in Columbiana County.” The article highlighted the increase in profits at four different dealerships in the area. We visited Columbiana Ford to speak with the employees and get their take on the area’s changing economic landscape.
The Youngstown Business Journal gave some insight on Columbiana Ford’s increasing success:
“To keep pace with demand, the dealership had to double its inventory this year and is looking forward to 2013 models of the Ford Escape and Fusion to maintain its pace”—Shale Dollars Fuel Auto Sales in Columbiana County, 9/11/12
General Manager Todd Dauterman took some time to speak with me about Columbiana Ford’s specific success and the impacts he’s seen shale development have on the local communities. Like most, he explained restaurants, hotels, and gas stations are crowded from the influx of people and money. This influx of money has led him to a plethora of new customers and a high demand for trucks. He stated that sales for new vehicles are up 20% and used vehicles sales are up 10%. Dauterman beamed when he remembered a customer coming in to buy their very first truck and having the money to buy a brand new F150. He also told us he expects more benefits are to come:"
READ THE REST AND WATCH THE VIDEO! http://www.eidohio.org/auto-dealerships-share-the-community-benefit...
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I too redistributed a little wealth to the auto industry, could not afford a new truck but got a fine one just the same.
Nice article, Anne.
Thank you! It was very cool to hear stories from these guys.
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