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One of the Most Renowned Innovators in the History of the Car Industry: Eustace Wolfington

 
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Siri yang diarkibkan ("Suapan tidak aktif" status)

When? This feed was archived on December 12, 2022 20:20 (1+ y ago). Last successful fetch was on October 13, 2022 19:44 (1+ y ago)

Why? Suapan tidak aktif status. Pelayan kami tidak dapat untuk mendapatkan kembali suapan podcast yang sah untuk tempoh yang didapati.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 205447295 series 1545116
Kandungan disediakan oleh High Five Success Stories by Steph Hayden. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh High Five Success Stories by Steph Hayden atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Hi everyone! I have a really special guest today, Eustace Wolfington. Eustace is 85 years old and he and his late wife, Marcy, had 10 children, 33 grandchildren, and 1 great-grandchild. He is one of the most renowned innovators in the history of the car industry. Euse tells us his story of how he revolutionized the car industry with his company, “Half A Car.” His concept was to have the customer finance or lease half of the vehicle’s price, then after two years, the dealer would take the car back and resell the vehicle for the depreciated price. I know it’s a little complex so to put it in simpler terms, if you lease a car today, it is because of Euse Wolfington.

So it took nearly 20 years for the rest of the world to catch onto Euse’s idea, given that at that time, the majority of the world was more familiar with the concept of purchasing a car at full price. Although so many people told Euse to give up, he persevered and his “Half A Car” concept was adopted by Ford in 1982 and eventually by the car industry as a whole. From 1982 to 2000, Euse’s “Half A Car” concept expanded to over 18 countries, with more than four thousand dealerships in the system. In 2000, he sold the company for $200M.

Throughout our conversation, Euse not only tells us his entrepreneurial story but also feeds us with an extraordinary amount of wisdom that you will be able to apply to your everyday life. I hope you enjoy!

The post One of the Most Renowned Innovators in the History of the Car Industry: Eustace Wolfington appeared first on Welcome to High Five Success Stories Podcast!.

  continue reading

50 episod

Artwork
iconKongsi
 

Siri yang diarkibkan ("Suapan tidak aktif" status)

When? This feed was archived on December 12, 2022 20:20 (1+ y ago). Last successful fetch was on October 13, 2022 19:44 (1+ y ago)

Why? Suapan tidak aktif status. Pelayan kami tidak dapat untuk mendapatkan kembali suapan podcast yang sah untuk tempoh yang didapati.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 205447295 series 1545116
Kandungan disediakan oleh High Five Success Stories by Steph Hayden. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh High Five Success Stories by Steph Hayden atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Hi everyone! I have a really special guest today, Eustace Wolfington. Eustace is 85 years old and he and his late wife, Marcy, had 10 children, 33 grandchildren, and 1 great-grandchild. He is one of the most renowned innovators in the history of the car industry. Euse tells us his story of how he revolutionized the car industry with his company, “Half A Car.” His concept was to have the customer finance or lease half of the vehicle’s price, then after two years, the dealer would take the car back and resell the vehicle for the depreciated price. I know it’s a little complex so to put it in simpler terms, if you lease a car today, it is because of Euse Wolfington.

So it took nearly 20 years for the rest of the world to catch onto Euse’s idea, given that at that time, the majority of the world was more familiar with the concept of purchasing a car at full price. Although so many people told Euse to give up, he persevered and his “Half A Car” concept was adopted by Ford in 1982 and eventually by the car industry as a whole. From 1982 to 2000, Euse’s “Half A Car” concept expanded to over 18 countries, with more than four thousand dealerships in the system. In 2000, he sold the company for $200M.

Throughout our conversation, Euse not only tells us his entrepreneurial story but also feeds us with an extraordinary amount of wisdom that you will be able to apply to your everyday life. I hope you enjoy!

The post One of the Most Renowned Innovators in the History of the Car Industry: Eustace Wolfington appeared first on Welcome to High Five Success Stories Podcast!.

  continue reading

50 episod

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