Automotive

US Dealers Are Here To Stay, But Change Is Coming

Axios is owned by Cox Enterprises, which cannot see the future, but has been a trusted data-backed opinion for over 100 years. Whatever it looks like, the future is coming… Let's be ready!
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US Dealers Are Here To Stay, But Change Is Coming

A recent report released by Axios says existing franchise laws protecting the US dealer model are here to stay. While online retail and changing OEM standards are putting pressure on dealers to keep up or bow out, the role held by dealers as local knowledge and service hubs is too valuable to the rolling adoption of EVs by the public for OEMs to abandon.

🤓 The report used Apple’s Genius Bar as a parallel to the high tech brand centers dealers may become where first time EV buyers can have all their questions answered before buying a new or used EV.

📁 The report suggests a direct line between the record profits of the last few years and the needed investments for getting ahead of the EV curve.

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