Friedkin is expecting another strong year in 2022. This spring, Toyota launched sales for its new electric SUV, called bZ4X, as gasoline prices hit record highs and interest grows in electric vehicles, hybrids and fuel-efficient cars. But, Dan Friedkin said, "there is still fervent demand for trucks, especially in Texas, which is known as Truck Country, and across the Gulf States region. The all-new 2022 Tundra, which also comes in a hybrid grade, has eclipsed expectations and we're seeing a high volume of demand throughout the region."
Stronger car sales are also supporting sales for Friedkin's insurance and financial products such as used vehicle warranties, tire and wheel protection, vehicle service contracts and GAP insurance, which covers the difference between what a person owes on car loan and the value of the car at the time of an accident. Friedkin Group's 40-year-old financial services subsidiary, GSFSGroup, has started working with hundreds of additional dealerships over the past few years and added new products to nearly double its sales between 2019 and 2021, said Friedkin.
Meanwhile, The Friedkin Group's hospitality division benefited from a resurgence in travel in 2021, with its revenue-per-available room rising by more than 70 percent since 2019, a sign of strong demand. Its average daily rates more than doubled during that time.
"From dedicated Toyota drivers to lifelong fans of AS Roma," Friedkin said, "we have a deep appreciation for our customers across (The Friedkin Group) brand. Their loyalty has been crucial to our decades of success."