Many of Automotive News’ 40 Under 40 honorees spanning the past decade are still employed at auto dealerships, and many have been promoted to positions with greater responsibility since receiving the recognition.
And while a vast majority of past and current award recipients who responded to a recent Automotive News survey said they have a clearly defined career path and are progressing in their careers, a smaller majority said they have unlimited opportunity to advance — with some noting that they have already reached the highest levels of management at their stores and it’s unclear where they can go next.
The dealership leaders honored since the 40 Under 40 program began in 2012 say they value mentoring and professional development opportunities and generally believe their employers support their career growth. Respondents said they consider pay, work-life balance, opportunity for advancement, caring leadership and being challenged as the top factors influencing their satisfaction at work.
The survey of 132 respondents, fielded from June 24 to July 5, offers dealers a window into what young professionals at their stores are looking for in their careers — and from their employers.
“I want to be doing more, and I don’t have a defined path forward, but I’m not sure what that would look like either,” one 40 Under 40 recipient wrote in response to a survey question.
Said another: “We could do more training for managers and for service. I think those areas need more attention. Managers often get overlooked when it comes to professional training.”
A large majority of respondents said diversity, equity and inclusion are top priorities, both to them and to the senior leaders within their organizations.
And while many respondents say their employers invest time and resources into hiring diverse teams and that equitable opportunities to advance exist in the industry for people of all backgrounds, others say more work needs to be done.
“You have to be intentional here,” one respondent wrote. “Not unfair to any employee, but need to take an honest look at your team(s) and be hard on yourself about making sure you are creating a safe, comfortable work environment that a diverse group of employees would want to work in.”
More findings from the survey will be released July 11. Automotive News’ 2022 class of 40 Under 40 honorees also will be announced that day.
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.
Please enter a valid email address.
Please enter your email address.
Please verify captcha.
Please select at least one newsletter to subscribe.
See more newsletter options at autonews.com/newsletters.
Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that’s vital to your business.
The Automotive News mission is to be the primary source of industry news, data and understanding for the industry’s decision-makers interested in North America.
1155 Gratiot Avenue
ISSN 0005-1551 (print)
ISSN 1557-7686 (online)
Fixed Ops Journal
ISSN 2576-1064 (print)
ISSN 2576-1072 (online)