J.D. Power division integrates CarNow’s Real-Time Messaging™ capability within its digital retailing platform
EQUITYiQ automatically mines for customers and releases burden from dealers to focus on the sale - not farming through cold calls.
TL; DR - Tesla says their Chinese sales are aok, and you should mind your business. Carvana should mind its business, but, like, in a ‘get things in order’ kinda way, and the used car business is seeing an influx of exotic cars as Crypto investors face a time “between prosperity.”
At times, the dignity and stability of learning a trade doesn’t get enough spotlight in public education. Good on this district and New Country Porsche for helping young people seeing their contribution to the world can take many shapes (most of which have a presence in retail automotive)
This is a real homerun (maybe the wrong sports metaphor, but oh well) for Magic and GM. Great work, team!
TL; DR- Toyota announces new Prius models, Ford announces new in-house production plans, and GM announces (even more) deals to keep battery production profitable.
Beyond the material needs being met by Findlay’s gift is the wonderful feeling that "somebody has your back." Kids don’t always recognize it at the moment, but when they grow up, they will remember who cared, and folks like Findlay will be on the list. 🌋
A trusted dealer is the only piece of the automotive industry the average consumer ever encounters. The story you tell them about what is happening in the rest of the industry will build or shake confidence in the whole ecosystem. #NoPressure
Eventually, Tesla will not be the dominant name in EVs. Big legacy OEMs, once up to full speed, will overtake them. So the path to continued powerful relevance may be in collaboration (by standardizing charging tech) and control of resources (like the charging infrastructure.)
AutoLeadStar announced today a $40 million growth round of financing led by Riverwood Capital with the participation of existing investors.
Anybody can share an optimistic hunch at any time. Adjusting profit projections without really meaning it is called misleading shareholders, which means Subaru is placing its money (and reputation) firmly where its optimistic mouth is on this one.
Whether it is government or dealer responsibility to clearly communicate and execute the used vehicle EV tax credits, rest assured that consumers will look to dealers to educate and inform them of their options and opportunities when purchasing used EVs.
Every time we write about metaverse auto retail we double and triple check to be sure they mean vehicles people drive in the real world. This time they do. Tune in next week for another episode of “Ok, but can I touch it?” with Chris and ASOTU.
TL; DR - Toyota is getting serious about EVs, starting with some teamwork in China to compete against Tesla. Tesla is getting competitive in China too by dropping prices. China is also getting competitive but by exporting and potentially nationalizing all its corporate interests. Exciting stuff.
If gas prices keep inching down, it may be time to move the pickups to the front of the showroom. 🛻🛻🛻
TL; DR - GM is branching into home energy, European auto production is threatened by high energy prices, Israel and Lebanon settled a beef that has opened both nations to more oil and gas extraction and exporting, and Biden says nobody is allowed to export US chips to China any more.