TIME AND ALLY FINANCIAL HONOR MILFORD DEALER

(New York, NY, October 22, 2018) – The nomination of Frederick Hertrich IV, Vice President of Hertrich Family Automobile Dealerships, for the 2019 TIME Dealer of the Year award was announced today by TIME.
 

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Hertrich is one of a select group of 51 dealer nominees from across the country who will be honored at the 102nd annual National Automobile Dealers Association (NADA) Show in San Francisco on January 25, 2019. The announcement of this year’s 50th annual award was made by Jorg Stratmann, publisher, TIME, and Doug Timmerman, president of Auto Finance for Ally Financial.

The TIME Dealer of the Year award is one of the automobile industry’s most prestigious and highly coveted honors. Recipients are among the nation’s most successful auto dealers who also demonstrate a long-standing commitment to community service. Hertrich, 43, was chosen to represent the Delaware Automobile & Truck Dealers’ Association in the national competition – one of only 51 auto dealers nominated for the 50th annual award from more than 16,000 nationwide.

“The most rewarding part of my automotive career has been the opportunity to use the business as a platform to affect the lives of individuals in our community,” nominee Hertrich said.

A 1993 graduate of Seaford High School in Seaford, Delaware, Hertrich earned a B.S. in finance and marketing at Lehigh University in Bethlehem, Pennsylvania, in 1997, where he was a member of Phi Gamma Delta fraternity and served as the group’s president.

Hertrich was born into the car business, a business that his grandfather and father, and now he, has built into an automotive empire that today encompasses 21 stores across Delaware, Maryland, New Jersey and Colorado. “As a child, I would go to the Ford dealership to visit my dad and the Pontiac Buick dealership to see my grandfather,” he remembered. “I spent many hours there doing odd jobs. When I was a teenager, I officially joined the team and worked in the car wash.”

To prepare Hertrich for the leadership position he holds today, Hertrich’s father made sure that he worked in every job in the company. “This allowed me to become a student of the business and to better understand the challenges of each position,” he said, “but most importantly, it gave me empathy for the people doing the job.  My goal is to use the business as a platform to grow, develop and train the individuals in our dealerships and push them beyond what they thought possible for themselves so that they can create a legacy of their own.”

Hertrich also believes that being a part of a family business can be very powerful, as long as there is a lot of gratitude. “It has been an honor and a privilege to get to know the customers we serve and give back to the community where we live,” he said.

To that end, Hertrich worked with the Salisbury Zoo in Salisbury, Maryland, to bring a rescued Andean bear named Pinocchio to the zoo from Ecuador, much to the enjoyment of visitors. He also provided 600 tickets and transportation to the Delaware State Fair in Harrington, Delaware, for children involved with the Boys & Girls Clubs of Delaware. “For many, it was their first time at the fair,” Hertrich said. “What sticks out as being the most memorable is the look of wonder on the children’s faces when they participated in activities like holding a baby chick.”

He is also proud of filling six trucks last year and eight pickup trucks this year with snacks that were delivered to the USO for distribution to members of the military and honoring local heroes at military-appreciation events. And he provides a car for use by six Teachers of the Year in local counties as a thank you for their outstanding work with students.

“Last year alone, we were able to put $1 million dollars back into the community,” he said. “We have made significant investments in local hospitals to improve infrastructure and help fund nursing schools. We have sponsored classrooms, provided jerseys for many teams, walked in many 5Ks, sponsored autism events and given to local fire departments, as well as countless other organizations,” Hertrich said.

For their good works, the Hertrich Family of Automobile Dealerships has received numerous awards including the 2015 Autism Delaware Outstanding Community Partner Award and the 2016 District Partner of the Year from the Talbot County Schools in Maryland.

“I am grateful for the awards but I am most proud of the impact we are able to make in people’s lives,” he said.

Dealers are nominated by the executives of state and metro dealer associations around the country. The award is sponsored by TIME in association with Ally Financial, and in cooperation with NADA. A panel of faculty members from the Tauber Institute for Global Operations at the University of Michigan will select one finalist from each of the four NADA regions and one national Dealer of the Year. Three finalists will receive an additional $5,000 for their favorite charities and the winner will receive an additional $10,000 to give to charity.

In its eighth year as exclusive sponsor, Ally will recognize dealer nominees and their community efforts by contributing $1,000 to each nominee’s 501(c)3 charity of choice. Nominees will also be recognized on AllyDealerHeroes.com, which highlights the philanthropic contributions and achievements of TIME Dealer of the Year nominees.

“It’s an incredible honor to recognize these dealers for their business accomplishments and their unwavering commitment to ‘Do It Right’ by helping others in their communities,” Timmerman said. “They are extraordinary auto leaders who care and go the extra mile to give of themselves to make their communities stronger. Ally is proud to support and celebrate their achievements.”

Hertrich was nominated for the TIME Dealer of the Year award by Marlene Lynch-Petrylak, executive director of the Delaware Automobile & Truck Dealers’ Association. He and his wife, Lyndie, have three children.

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About TIME

TIME is a global multimedia brand that reaches a combined audience of more than 100 million around the world. A trusted destination for reporting and insight on the people, places and issues that matter, TIME captures the events that shape our lives. TIME’s major franchises include the TIME 100 Most Influential People, Person of the Year, Firsts, Best Inventions, Genius Companies, World’s Greatest Places, and more. With 45 million digital visitors each month and 40 million social followers, TIME is one of the most trusted and recognized sources of news and information in the world.

About Ally Financial Inc. 
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company with assets of $171.3 billion as of June 30, 2018. As a client-centric company with passionate customer service and innovative financial solutions, Ally is relentlessly focused on “Doing it Right” and being a trusted financial partner for its consumer, commercial, and corporate customers. Ally’s award-winning online bank (Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage-lending services and a variety of deposit and other banking products, including CDs, online savings, money market and checking accounts, and IRA products. Ally also promotes the Ally CashBack Credit Card. Additionally, Ally offers securities brokerage and investment advisory services through Ally Invest. Ally remains one of the largest full-service auto finance operations in the country with a complementary auto-focused insurance business, which together serve approximately 18,000 dealer customers and millions of auto consumers. Ally’s robust corporate finance business offers capital for equity sponsors and middle-market companies.  For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.

About the NADA Show
The annual NADA Show brings together more than 20,000 franchised dealers and their employees, industry leaders, manufacturers and exhibitors to learn about the latest auto industry tools, trends, products and technologies.

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