
Episode #445
#445 - I Lost My Mojo: A Dealer's Honest Take On a Brutal Year
In this episode of the Independent Dealer Podcast, Jeff Watson and Luke Godwin check back in with Nick Markosian of Markosian Auto β a multi-location buy here pay here operator, NIADA board member, and one of the most candid voices in the independent dealer space β for a wide-ranging conversation about what the last 18 months have actually looked like. Nick doesn't sugarcoat it. Lost his mojo. A three-year lawsuit draining resources. Closing a remote location. A portfolio that's been shrinking on purpose. And an honest take on what survival looks like in one of the toughest business cycles the industry has seen in years. What You'll Learn: -Why Nick is closing his Logan, Utah location β and the honest answer to what makes remote locations so hard to run when resources are already stretched thin -How a three-year lawsuit funded by private equity nearly derailed his business β and what every dealer needs to know about litigation being used as a weapon against small operators -Why Nick paid down seven million dollars in debt over the last two years instead of chasing growth β and why he thinks that discipline is exactly what will position him to win when the cycle turns -How Nick's collections manager built a door-knocking campaign and a late fee waiver text that pulled in thousands of dollars from 30-plus-day accounts β and what scrappy collections actually looks like at a portfolio under pressure -Why subprime lenders are buying as deep as ever despite rising delinquencies β and how that is pulling customers away from buy here pay here at a rate most dealers are not ready to admit -Why Nick believes AI is finally a legitimate lead management tool β and what he learned from a Copart AI phone call that changed the way he thinks about using it in collections and BDC -Why every independent dealer who plans to be in the industry five years from now needs to show up to the NIADA DC Policy Conference β and what it actually looks like when dealers walk into a senator's office and tell their story If you are a buy here pay here dealer going through a hard season right now β watching your portfolio shrink, questioning your decisions, wondering when the cycle turns β Nick's conversation is the most honest one you are going to find about what it looks like to weather it with your business and your sanity intact. Support the businesses that support the podcast: Buckeye Risk Services - Reinsurance and wealth strategies for independent dealers. https://theindependentdealer.com/buckeye Blytz - BHPH payment processing with fast funding and text-to-pay. https://theindependentdealer.com/blytzpay Ituran GPS - Asset protection and customer management for BHPH and retail dealers. https://theindependentdealer.com/ituran Follow & Connect: Website: www.theindependentdealer.com Facebook Group: @independentautogroup Luke Godwin: @lukegodwin Jeff Watson: /sendtojeffw Like, subscribe, and share this with a dealer who needs to hear it.






