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February 27.2025
3 Minutes Read

Stellantis Applies to Form Industrial Bank: What This Means for Automotive Financing

Stellantis branding in corporate lobby, reflecting industrial bank initiative.

Stellantis Enters Banking Sector: A New Financial Frontier

In a bold move, Stellantis has recently applied to establish an industrial bank, known as Stellantis Bank USA, through the Utah Department of Financial Institutions. This strategic initiative comes at a time when traditional automotive sales are undergoing significant changes, and it reflects a shift in how car manufacturers are managing their financial ecosystem.

The Context of Stellantis’ Decision

Stellantis, formed from the merger of Fiat Chrysler Automobiles and PSA Group, has seen a 14.3% decline in North American sales, translating to roughly 1.5 million units sold in 2024. Such a significant downturn may have prompted the automotive giant to seek new revenue channels, and the banking sector represents a promising avenue. Following a trend set by other automotive brands, Stellantis isn’t alone in this venture; both General Motors and Ford have pending applications for industrial banks as well.

What is an Industrial Bank?

An industrial bank combines features of a traditional bank with specialized financial support for manufacturing and industrial enterprises. Such institutions are often designed to promote economic growth by providing loans for production and operational needs. For Stellantis, this can mean better access to financing for its dealerships, allowing for a fresh approach to managing sales and improving cash flow.

The Vision Behind Stellantis Bank USA

With Stellantis positioned at the forefront of the automotive industry, the creation of Stellantis Bank USA could bolster its financial arms by integrating services, including auto loans and potentially offering products tailored to its dealerships’ needs. It hints at a future where automotive transactions become increasingly financialized, streamlining how consumers interact with vehicles from purchase to financing and insurance.

Concerns Raised: Banking Meets Commerce

The prospect of car manufacturers entering the banking sector has raised eyebrows among financial regulators and industry experts. The Independent Community Bankers of America (ICBA) has expressed concerns regarding the intertwining of commerce and banking, warning that this could lead to systemic risks within the financial landscape. They argue that companies like Stellantis, if allowed to establish banks, could gather sensitive consumer data and further complicate the competitive landscape for traditional banks.

Shared Trends in the Automotive Financing Landscape

Stellantis’ move aligns with a broader trend in the automotive industry where companies seek to create value through comprehensive financial solutions. GM's GM Financial Bank and Ford's Ford Credit Bank applications reinforce this strategy, signaling a shift toward integrated services within the automotive space. This approach could enhance loyalty by making it easier for customers to secure financing directly through their automaker.

Conclusion: Adapting to a New Financial Era

As Stellantis banks on the success of its application, the impending approval from the Federal Deposit Insurance Corporation will be critical. The establishment of Stellantis Bank USA may not only redefine the company's financial practices but could also herald a shift in the automotive industry's financing landscape altogether. For dealership principals, general managers, and fixed ops directors, staying informed about these developments is paramount as they navigate an evolving market landscape.

Explore more about changing trends in the automotive and finance sectors to stay ahead in your business strategies.

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03.01.2026

Maximizing Dealership Growth Through Specialized Automotive Staffing Agency Partnerships

In today's fiercely competitive automotive industry, dealership growth hinges not just on inventory and sales strategies, but on the people powering your operation. Yet, for many leaders, partnering with an automotive staffing agency raises skepticism. Are these partnerships truly effective, or is this another industry buzzword? Larry Feldman of Career Changers USA, a recognized authority in automotive talent solutions, cuts through the myths and shows why rethinking staffing agency collaborations is now both urgent and invaluable for every dealership leader aiming to thrive. Why Automotive Dealer Owners Must Rethink Staffing Agency Partnerships Now According to Larry Feldman, the most pervasive misconception stalling dealership growth is the belief that staffing agencies simply don't "work" for automotive businesses. This notion is often rooted in experiences with generic agencies lacking in dealership-specific expertise. Feldman emphasizes, “Their concern is that it doesn’t work. But in reality, a successful automotive staffing agency partnership is a continuous team effort that can transform your dealership. ” As the industry faces mounting talent shortages, evolving technology, and heightened customer expectations, relying solely on traditional hiring methods no longer cuts it. Dealership owners, GMs, sales directors, and service managers are realizing that attracting and retaining top talent requires strategic alliances with staffing partners who truly understand the gritty realities and nuances of automotive retail. Feldman asserts that embracing this new approach isn’t just advisable—it’s essential for competitive survival. “You have to understand, like just about everything else in life and at dealerships, it’s a team effort,” he says, highlighting how real transformation comes from collaborative leadership mindsets, not transactional recruiting. “Their concern is that it doesn't work. But in reality, a successful automotive staffing agency partnership is a continuous team effort that can transform your dealership.” — Larry Feldman, Career Changers USA How Specialized Automotive Staffing Agencies Drive Consistent Dealership Growth The Power of Team Alignment: Insights from Larry Feldman What separates a thriving dealership from one that struggles with chronic turnover? According to Larry Feldman, the answer is alignment—not just within your sales force, but among your leadership. True dealership growth happens when GMs and GSMs are directly engaged in recruitment and training, fostering a sense of ownership and continuity that outlasts any single hiring event. Feldman’s experience training nationwide teams reveals that staffing success is never a one-and-done project, but the product of ongoing, hands-on leadership involvement. “It can't be you do a great build up, you do training, and then it evaporates after you leave. It has to be continuous and consistent with everything else, or you have nothing,” Feldman insists. This perspective challenges dealership owners to cultivate a feedback loop between leadership, new hires, and agency partners, ensuring every onboarding becomes part of a larger performance strategy. According to Feldman, consistency in expectations, support, and follow-up yields far stronger results than sporadic efforts or relying on boilerplate job ads. “It can't be you do a great build up, you do training, and then it evaporates after you leave. It has to be continuous and consistent with everything else, or you have nothing.” — Larry Feldman, Career Changers USA Real-World Success: A Case Study from Career Changers USA Bringing theory to life, Feldman recounts a standout success story: “A GM and GSM were involved in training directly, and I recently learned all the hires are producing and want to stay part of the team. That's the difference a specialized agency partnership makes. ” The key to this outcome was not just the quality of the candidates sourced, but the synergy between the dealership’s leaders and the recruitment team. When dealership leadership takes an active, visible role, new hires feel more invested and motivated. Feldman’s approach at Career Changers USA demonstrates four pillars essential to sustainable dealership growth: meticulous candidate vetting, removal of hiring barriers, in-person performance coaching, and ongoing engagement after the initial placement. These steps transcend the limitations of generic staffing solutions, translating into higher retention, stronger team morale, and improved dealership profitability. For dealerships looking to replicate this success, it pays to ask: Are your hiring processes as dealership-specific and high-touch as the ones driving the industry’s best results? “A GM and GSM were involved in training directly, and I recently learned all the hires are producing and want to stay part of the team. That’s the difference a specialized agency partnership makes.” — Larry Feldman, Career Changers USA Tailored candidate vetting specific to automotive dealership roles Removing hiring barriers to access top-performing sales and service talent In-person motivational training to accelerate team performance Ongoing engagement ensuring sustained results beyond initial hiring Common Misconceptions About Automotive Staffing Agency Partnerships Debunked Why 'It Doesn’t Work' is the Biggest Myth Holding Dealers Back Feldman recognizes that skepticism runs deep—many dealership professionals have been let down by staffing attempts that didn’t deliver. But the real issue, he says, is a fundamental misunderstanding of what partnership means. Automotive staffing agency success deeply depends on mutual, ongoing commitment and dealership leadership engagement from day one. Feldman notes, “What I see too often is a transaction, not a transformation. If leadership isn’t involved, or if there’s no sustained follow-up, results suffer, and the myth endures. ” Dealers must also appreciate that specialized staffing agencies bring a level of dealership-specific expertise unavailable from general recruiting firms. By knowing the precise qualities distinguishing top automotive retail performers, specialized agencies address nuances like product knowledge, compliance, cultural fit, and sales processes. Continuous integration—active coaching, regular check-ins, and performance tracking—builds resilience and loyalty within your team, dispelling the ‘doesn’t work’ myth and unlocking true dealership growth. Understanding that staffing success is a team-wide and ongoing commitment Recognizing specialized agencies bring dealership-specific expertise The importance of continuous follow-up, training, and integration Actionable Steps: How Automotive Dealers Can Leverage Staffing Agencies for Sustained Growth Ready to put these strategies to work? Larry Feldman offers a clear roadmap: dealership leaders must not only vet staffing agencies for automotive expertise but also make themselves a visible and integral part of the process. Start by engaging your management team early—bring GMs, GSMs, and service managers into interviews and onboarding. Then, partner exclusively with agencies like Career Changers USA who understand automotive retail from the inside out. Next, treat onboarding as the start of an ongoing journey, not the end. Tach new hires to experienced mentors, commit to regular performance conversations, and measure each new team member’s integration and output over time. Feldman’s years of successful dealership engagement show this formula consistently boosts both team morale and profitability. “Without consistent and confident integration of new hires through specialized staffing agencies, dealerships risk losing valuable team momentum,” Feldman warns, positioning dealership leaders as the architects of growth through meaningful partnerships. Engage dealership leadership in the hiring and training process Partner only with staffing agencies specialized in automotive roles Commit to ongoing performance coaching for new hires Monitor and measure employee integration and output over time Summary: Why Specialized Automotive Staffing Agencies Are Essential to Your Dealership’s Future In today’s automotive world, every hire is a strategic advantage—or a liability. According to Larry Feldman, embracing a specialist partnership with an automotive staffing agency is no longer optional—it’s a mandate for dealerships serious about sustained growth. By leveraging agency expertise, engaging leadership, and prioritizing continuous improvement, your dealership can set new benchmarks in productivity, retention, and profitability. The challenge—and the opportunity—is to rethink hiring as an active, ongoing partnership, not just a one-time transaction. “Without consistent and confident integration of new hires through specialized staffing agencies, dealerships risk losing valuable team momentum.” — Larry Feldman, Career Changers USA Next Steps to Drive Dealership Success with the Right Staffing Partner The future of your dealership depends on the quality and consistency of your team—and the way you build it. Act now to: Engage your leadership in hiring and onboarding. Choose a specialist agency with proven dealership experience. Commit to year-round integration, training, and ongoing measurement. Amplify your hiring strategy by partnering with an expert automotive staffing agency dedicated to your dealership’s unique needs. Ready to elevate your dealership's performance? Visit Career Changers USA or call (215) 407-5174 to start the conversation with Larry Feldman today.

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