Strategic partnerships can create great opportunities for success. For Jay Feldman, CEO of Feldman Automotive, a partnership with actor and auto enthusiast Mark Wahlberg has opened new doors for his business. Jay joined CBT to talk about the recent dealership he acquired alongside Wahlberg and how he has navigated the impact of the COVID-19 pandemic.
Jay has been working in dealerships since he was 15 years old. He learned the trade mostly from his father who was also a Chevy dealer. In 1996, he built his first store which is now one of the largest Chevy stores in the entire country. His group continues to expand despite the COVID-19 pandemic. In fact, at the beginning of August, it was announced that Jay, along with business partner Mark Wahlberg, acquired Jack Maxton Chevrolet in Columbus, Ohio, and will name it Mark Wahlberg Chevrolet of Worthington.
Jay met his enigmatic business partner 5 years ago through a mutual friend and decided to go into business together. Now, the pair jointly own 4 dealerships together including an airstream and RV store. While RV sales have been up during the pandemic, Jay says they now face inventory issues like many dealers nationwide. However, they are staying the course and investing in digital retailing options while maintaining the health and safety of their employees and customers.
Feldman Automotive currently has 13 dealerships, 4 of which are co-owned with business partner and famous actor, Mark Walhberg. The group offers several brands including Chevrolet, Hyundai, and Kia throughout the states of Michigan and Ohio.
Did you enjoy this interview with Jay Feldman? Please share your thoughts, comments, or questions regarding this topic with host Jim Fitzpatrick at jfitzpatrick@cbtnews.com.
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