Thriving for Three Generations

Thriving for Three Generations

Century Automotive Group is thriving across three generations. Love and commitment to nurturing family relationships have been vital ingredients for their success. From Tracy’s integration into the business as the second generation, and now the third generation actively working in the business; they live by there is no business gain worth a family loss.

The history of Century Automotive Group is unique and, at the same time, similar to so many entrepreneurial-owned businesses. Passion for an industry, and as Tracy would often hear her father say, a little bit of luck, a lot of talent, and the right place at the right time, a successful business is born. A love for the car business inspired Tracy to dream about becoming a Dealer at a very young age.

It was a different time and place for women back then, so instead of going directly into the car business after college, Tracy got her CPA and worked for Price Waterhouse Cooper in Houston. Then, about five years later, Tracy’s father asked if she was interested in moving back to Huntsville, AL because the business needed a controller, and he was thinking about retiring. Tracy was ecstatic about the opportunity and felt confident in her experience as it gave her credibility and, with her finance background, had a much-needed skill to provide.

Listen in to hear Tracy Jones share the history of Century Automotive Group, what inspired her to join the family business, and how succession planning has supported their vision for building strong family relationships and a business growing in value and community impact.

For more insight from Tracy Jones, President of Century Automotive Group, check out the episodes:

For more resources on building a strong business and succession planning, visit www.seekingsuccession.com. And leverage our Succession Readiness Survey. A 7-minute investment in time will put you in an informed position of opportunities many business owners overlook impacting business value, growth, lifestyle, and ultimately achieving your vision.

Episoder(17)

How Tariffs Could Impact the Auto Industry: Insights for Dealers

How Tariffs Could Impact the Auto Industry: Insights for Dealers

The auto industry is on the verge of major change — and tariffs are accelerating the shift. In this episode, Kevin Bullis of The Presidio Group joins Loyd Rawls and Kendall Rawls of The Rawls Group to...

10 Apr 20251h 5min

Create Control Over Your Energy Business

Create Control Over Your Energy Business

Seasonality, inflation, politics, people, and technology are a few headwinds impacting fuel dealers, wholesalers, and service contractors in the energy space.  We are often asked, “How can we create p...

24 Mar 202242min

Uncertain Future: Better to Grow or Cash Out?

Uncertain Future: Better to Grow or Cash Out?

Even though Dealers are making money, the future is unclear; for some, the unknown creates anxiety. As a result, we see business owners considering, more than ever, if it is an excellent time to cash ...

8 Mar 202240min

Didn't Want to Screw It Up

Didn't Want to Screw It Up

Successfully integrating family into business leadership while balancing family dynamics is full of complexities. As Joe Chastang shares, many private and family business owners screw it up. Thanksgiv...

24 Feb 202242min

Earning Respect in the Family Business

Earning Respect in the Family Business

A successful family business can provide opportunities to all who are associated with the owners or viewed as family. History has proven, the odds of family business success through multiple generatio...

15 Feb 202210min

Strategies Evolve as the Business & Family Evolves

Strategies Evolve as the Business & Family Evolves

Roland Spongberg became interested in succession planning after a car dealer friend shared difficulties he was experiencing with his siblings. With no desire to cash out, and a father of six kids, wit...

7 Feb 20224min

4 Strategies to Find Your Path in the Family Business

4 Strategies to Find Your Path in the Family Business

It can be easy to get lost in a family business. Not knowing who you are and what you want to from what the family, key leaders, and anyone who has an opinion or stake in your or the business’s future...

3 Feb 202214min

Roadmap to Family & Business Success

Roadmap to Family & Business Success

A family business is such a wonderful opportunity.  However, many 2nd, and 3rd generation business owners screw it up.  And as Tracy shared, she and her husband did not want to be the generation to sc...

12 Jan 202223min

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