Drive to Success: Diversity Drives Profit in Automotive Industry

Dealers made big changes to their business at record pace last year. Yet, with so much progress taking place, it’s surprising to learn the industry still suffers from a lack of diversity and inclusion. Diversity is an important and essential goal for every business. One study shows that diverse teams produce financial returns up to 33% higher than industry standards. And a greater focus on diverse higher tactics can improve your talent search. Getting started and making inclusion practices a goal can no longer be sidelined due to lack of attention or failure to prioritize. As the following selection of articles will show, getting started is easier than you’d think.

1 – After All This Time, Industry Still Wrestling With Diversity

Automotive News: Amid a year of social unrest, the automotive industry is coming under fire and renewed criticism for a lack of diversity from hiring practices to ad spending to minority-owned supplier procurement.

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2 – Ask the Experts: Driving the Diversity Initiative in Your Dealership

Dealertrack: The automotive industry still has a long way to go—only 6% of dealership owners are minorities and less than 19% of employees are women—but there are things you can do today that make a big difference. We asked the HR experts at Hireology for advice on driving the diversity initiative.

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3 – Women in Automotive: Mandi Fang at Dealertrack DMS

Silicon Slopes: Helping others is a big part of Mandi Fang’s career. The VP at Dealertrack wasn’t sure exactly where her career path would take her when she started out on the assembly line. But when she was approached for a leadership position that took her to Dealertrack’s headquarters, she took the leap. Now, when she looks back, it’s to help lift others, like her, on their way up.

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4 – How to Increase Diversity in the Workplace

Hireology: Diverse teams are more productive, reach more customers, and make more money than their counterparts. Research shows that an investment in diversity pays off in more ways than one. Learn how you can increase diversity at your dealership now.

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5 – 2021 Women in Retail Honorees

Auto Remarketing: Auto Remarketing celebrates the 2021 Women in Retail honorees in the May issue of its publication. See the complete list here including Cox Automotive’s Susan Moll, AVP of Implementation and Training.

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