The Fairey family name and cars are synonymous.
Fairey Chevrolet Cadillac had its beginning near the birth of the American automotive industry and now, almost 100 years later, the Orangeburg dealership is embarking on the next step in a historic journey.
Joseph K. Fairey III has retired and stepped down as the dealer operator, handing the reins to his son, Joseph K. Fairey IV. The change will bring the fourth generation of the Fairey family into the automotive dealership business.
“I am so thankful to my family for the opportunity to lead this great business and will stay loyal to our core values while serving our past, present and future customers,” 35-year-old Fairey IV said. “There are certainly challenges and changes ahead in our industry.”
“So many years of blood, sweat and tears have been poured into our store to get us to this point,” Fairey IV said.
Despite the slowdown in the world automotive industry caused by pandemic-induced supply chain disruptions, the luxury car sector was not severely hit. On the contrary, it is projected to grow from USD 410 billion in 2020 to USD 566 billion, at a 5-percent annual rate. A very impressive dynamic for a sector when the pandemic has dramatically affected the spending power of every individual. However, the rich and famous seem to stay immune to the calamity keeping their spending on luxury items at high levels.
Moreover, the significant growth of tangible luxury offerings in vehicles, shifting consumer preferences from sedans to SUVs, and increasing disposable incomes of consumers have been propelling the demand for luxury cars worldwide. VIP Motors, a Dubai exclusive cars dealership, is running the wave of the growing demand for luxury and limited series sports cars. Located in the most prosperous of the seven Emirates and only
Catalyst.org reports that in the automotive industry, women made up the majority of office and clerical workers in 2018 at 78.4 percent but were underrepresented among higher level positions like managers, which was only 18.1 percent, and executive and senior level officials and managers which was 17.6 percent.
But Rachel Pullen is one of the few women in the car industry who are leading the way and representing women in an industry where they are the minority. Pullen is the president of one of area’s largest automotive groups, which has 16 different locations across Virginia and Maryland.
Pullen has been familiar with the car industry her entire life. “I worked at a Buick dealership in high school. My stepfather was the service manager, and I would cashier for the service department. In addition, my mother was the marketing director for the Fairfax City Auto Mile. I was familiar with