Stamford, CT 06903
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Salutations and warmest regards, I am Eric Ferits and it is my utmost pleasure to extend a gracious welcome to my digital abode. As a venerable senior executive in the retail automotive industry, I proudly reside in the picturesque city of Stamford, CT with my cherished wife Yelena, our two sons, and two vivacious Boxer dogs.
My journey commenced in Russia, where I spent my formative years honing my skills. I earned my esteemed MBA in Marketing and Business Development from Moscow State University of Transportation (MIIT) before embarking on a quest to fulfill the American dream. With over 16 million new vehicles sold annually and twice that amount in used vehicle sales, I discerned the retail automotive industry as a promising arena to pursue. Fusing my business education with my interpersonal acumen, I excelled in sales and ascended the career ladder to manage sales departments for luxury auto dealerships such as Jaguar, Lexus, and BMW in the greater New York City market.
In 2005, I was entrusted with the opportunity to take over as General Manager of an underperforming Mercedes-Benz dealership in Fairfield County, CT. Through my adept problem-solving skills and inspirational leadership, I assembled a top-performing team that doubled sales volume, improved profits, and provided unparalleled customer experiences. This triumph led me to be recruited by another Auto Group in 2012 to serve as the General Manager of New Country Audi of Greenwich. I implemented effective systems and processes that yielded significant enhancements in sales, profitability, efficiency of service work, and employee morale. Our dealership was even recognized as “One of the 100 Best Dealerships in the U.S. to Work For” by Automotive News.
In 2014, I founded my consultancy firm, Auto Retail Solutions, where I globetrot to assist auto dealerships in optimizing their business performance. With fluency in Russian, I have presented to numerous Russian dealers and dealer associations and have been a keynote speaker at international dealer association conventions for diverse audiences, including U.S., European, Russian, and Japanese retail automotive professionals.
In late 2016, with two esteemed partners, we founded a new company – Car Market Expert, DBA CM.Expert. Our cutting-edge data-mining platform, CM.Expert, has revolutionized the way leading automotive retail organizations and OEMs in Russia manage, market, and retail their preowned vehicle inventory. Leveraging a live market view and robust inventory management tools, CM.Expert has emerged as the preeminent online platform that discerning automotive retail dealers rely upon to optimize their daily operations. Over the past six years, our privately held "start-up" enterprise has adroitly captured a commanding 77% of the market share, attesting to our unparalleled expertise and exceptional value proposition. In February of 2023, CM.Expert achieved a momentous milestone by being successfully acquired by a publicly traded company, cementing our position as an industry leader and a game-changer in the automotive retail space.
Although I relish my role as a consultant and training guru, the allure of running a premier sales organization continues to beckon me. I am currently exploring opportunities to return to the “action” at a high line auto retail operation. I will keep you apprised of my professional journey through this website.
Thank you for perusing my experiences with utmost attention and interest.