Jamie Darvish named by Automotive News as High-Achieving Under 40 Auto Dealer

Jamie Darvish named by Automotive News as High-Achieving Under 40 Auto Dealer

Jamie Darvish, of DARCARS and aWANADA board member, has been named as an auto dealer to watch by Automotive News in its inaugural 40-under-40 listing of high-achieving auto dealers. The 40-under-40 reference relates to 40 dealers under the age of 40 across the U.S.

The industry publication chose Jamie from a list of several hundred candidates who were nominated by colleagues. Automotive News editors reviewed and validated information provided by the nominators and nominees and selected the standouts.

Darvish, 37, is vice president of the DARCARS Automotive Group and was cited by Automotive News for his financial acumen in restructuring DARCARS real estate and asset-managed portfolios in the 2008 recession. At the time, DARCARS had large sums in cash, savings, deposits and floorplan loans linked to Chrysler Financial just as the firm began to freeze financing and shut down its lines of credit. Jamie found a group of captive lenders and secured financing to prevent the the 29 year old company from collapsing; and did so without having to lay off any employees. Today, DARCARS employs nearly 2,000 employees at its 21 dealerships in Maryland.

It was a real awkward situation, Darvish told Automotive News, adding the company got more nimble, as a result of the restructuring. Darvish notes that since then, the company has enjoyed off successive banner years and had its most profitable year in 2010.

WANADA congratulates Jamie Darvish on this well-deserved recognition.