“We help change communities by providing opportunities” || Mike Ferrer, Principal, Hickey and Associates

Dealer News Today Podcasts

Sep 5 2023 • 29 mins

Mike Ferrer is based in Charleston, SC and has over 20 years of experience in high-level commercial real estate, having worked with major corporations such as Bank of America, PNC Bank, and Home Depot. He is designated as a Certified Commercial Investment Member (CCIM) and Master of Corporate Real Estate (MCR), and is bilingual in English and Spanish. Prior to joining Hickey and Associates, he held roles including broker-in-charge for the state of South Carolina at Lincoln Harris.

In this episode, Mike joins our host Derek D for an insightful conversation on the future of automotive retail and the role of commercial real estate in shaping it. They discuss how federal and state regulations will be the biggest drivers of EV adoption at the dealership level, why quick reaction to trends is crucial, and why electric vehicle viability will vary dramatically according to consumers’ locations and the kinds of jobs they have. Plus, the discussion covers the long-term effects of the CHIPS act on the automotive industry, searching for a viable vehicle power source beyond electricity, and more.

Mike Ferrer | Hickey and Associates

Episode Highlights:

  • How the government incentives that Hickey and Associates tracked rose fifty-fold as a result of the COVID-19 pandemic
  • Why the relative silence of EVs compared to internal-combustion cars can cause safety issues
  • The importance of finding secondary uses for electric vehicle batteries

“There’s going to be a certain amount of pain pushed down to the dealers for EVs.”

— Mike Ferrer

|| Dealer News Today is a Dave Cantin Group production