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Wrong Mike Stedem?

Mike Stedem

Vice President

Thousand Island Park Corporation

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Thousand Island Park Corporation

Background Information

Employment History


The Hyundai Corporation


Stedem Ford Inc


Board Members
Polk Works



Canisius College

Web References (23 Total References)

Hyundai of Slidell --- Meet our Staff [cached]

Mike Stedem

Owner Mike Stedem said ... [cached]

Owner Mike Stedem said he didn't think it would take this long to find out who is responsible.

Destroying something just to destroy something "is difficult for me to understand," Stedem said.

As well as brand consolidations, ... [cached]

As well as brand consolidations, Mike Stedem, owner of Stedem Ford in Fort Meade, said dealers will inevitably scale back their inventories, changing the way customers shop. For instance, customers in the future may have to special order vehicles because fewer choices will be available on the lot.

Even now, while still in the thick of so much change in the industry, Stedem said, he's noticed a significant shift in his customers' mindsets, one that changes the way cars are sold.
"They're buying more based on need than want," he said.

As far as the trade-in market ... [cached]

As far as the trade-in market for trucks and SUVs, Mike Stedem, owner of Stedem Ford in Fort Meade, said he expects some recovery.But he thinks the current fuel-price crunch will have long-term effects on not only drivers, but car dealers.

"This is all I've done since 1969 and this is the most difficult market I've ever seen," said Stedem.
While Ford makes hybrid vehicles, including the Fusion and Escape, none are available in this area as Ford is sending them to the California and New York markets, Stedem said.At one time, the dealership received many inquiries about hybrids, but once customers realized none were available here, that stopped.
For his part, Stedem said that in 2005 he decided to purchase a Hyundai dealership in New Orleans.That dealership finally opened recently, an occasion that was delayed because of Hurricane Katrina.
"It was a realization on my part that I should hedge my bets," said Stedem, who added that even in 2005, the market for SUVs, trucks and minivans was contracting.
Stedem won't be selling Hyundai vehicles in Polk because of dealer restrictions.

Mike Stedem, left, and John ... [cached]

Mike Stedem, left, and John Lusby

Mike Stedem, 57, the owner of Stedem Ford in Fort Meade, majored in religion at Canisius College in Buffalo, N.Y.
Q: You're an auto dealer with a degree in religion.

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