ASOTU | More Than Cars

Being a leader is not about giving orders and expecting others to follow. 🙅 It’s about being an advocate, a listener, a learner, and a coach for those in your care. Good leaders prepare the people they lead to become better. In our industry, there is no shortage of incredible leaders to learn from, so we compiled a few must-read tips and tricks from our community on Linkedin. A tip-of-the-hat to leaders Lou DiMattia, Jeremy Stephens, and Charles Cannon, III for the insight and inspiration! . . . Subscribe to our daily email here: https://lnkd.in/eEk8j5WW #automotive #leadership #skills #training #linkedin

The Oscar Mayer Wienermobile really mustered up some trouble on Monday after taking a nasty spill in Chicago. 🚧 According to the Illinois State Police, the legendary dog-on-wheels collided with a Hyundai causing the driver to over correct and sending the sausage-mobile into a wild rollover. Miraculously, everyone left unharmed. 🙏 There is a still small fleet of Wienermobiles keeping the Oscar Mayer spirit alive, but it is yet to be determined if this particular model will make it back on the road anytime soon. . . . Subscribe to our daily email to stay informed, encouraged, and entertained. Sign up today: https://lnkd.in/eEk8j5WW #doggoneit #automotive #oscarmayer #wienermobile #morethancars

We’ve made it to the middle of the week! Today we’re talking about GM’s record pickup and SUV sales in Q2, Tesla’s tough Q2 and how Google is not getting rid of cookies after all. https://lnkd.in/gfQuFAwk General Motors has raised its 2024 earnings forecast following a strong second quarter, driven by record North American sales of pickups and SUVs. -CEO Mary Barra emphasized in a letter to shareholders that responsible growth and efficient capital use amid shifting market conditions. "As excited as we are about our portfolio, we are committed to growing responsibly and profitably in any demand environment," Barra said. "Over the next few years, third-party forecasters now see the EV market growing steadily, but more slowly than it did over the last few years. As a result, we are adjusting our spending plans to make sure we're capital-efficient and moving in lockstep with customers." -Q2 net income rose 14% to $2.9 billion, with global revenue hitting $47.97 billion. -North American profit surged 39%, setting a new record at $4.4 billion. -GM adjusted its full-year EBIT guidance to $13-$15 billion, despite lowering net income forecast slightly. -The company reported increased EV sales but scaled back production targets due to lower-than-expected demand. https://lnkd.in/eC2nCncE Despite slightly better-than-expected revenue, Tesla's Q2 earnings report highlighted declining profits and raised investor concerns, particularly during a tense earnings call with CEO Elon Musk. -In Q2, Tesla's net income dropped 45% to $1.5 billion, down from $2.7 billion the previous year, while revenue rose to $25.5 billion, exceeding analyst estimates of $24.8 billion. -The company also experienced a 4.8% decline in global deliveries to 443,956 vehicles, following an 8.5% decline in the first quarter. -Musk had a elevated Q&A session as he was asked a variety of questions, most of which received short, blunt answers https://lnkd.in/eDVJHFky Google no longer intends to remove third-party cookies from Chrome, a major shift from its 2020 announcement. The company will retain third-party cookies, focusing on enhancing user choice instead. -Cookies are an important part of the $180 billion ad-tech industry, allowing advertisers to track users and target ads effectively. -The original cookie deprecation date was in 2022, and has been pushed several times by Google since then. -Google's alternative, Privacy Sandbox, aimed to preserve ad mechanisms while protecting privacy but had a rocky rollout. -Early reports indicated significant revenue losses (up to 60%) for publishers without cookies, though Google claims its tests showed a 20% drop for Ad Manager publishers.

If you could have a conversation with a man who wholesales over 52k cars a year... What would you ask him? 👇

He said the new front line is your website. We forget the old "72 hour rule" that was in place for decades in the auto industry. The best dealer operators know how to take advantage of brand new vehicle listings in their online vehicle merchandising. Daniel Able joins Paul J Daly, Kyle Mountsier, and Michael Cirillo as they cover how Amazon gets a few more dollars out of consumers due to great online listings. Join Daniel Able from CarCutter on this next episode of Auto Collabs. 📺 Watch the full discussion here: https://lnkd.in/gbkAW2ni #autoindustry #marketing #merchandising

Today is Tuesday! Things are happening in the auto industry, including how lower used car prices are driving down inflation, VinFast forming a US dealer advisory board, and Rivian pressing ahead with future plans. Lower Used Car Prices Driving Down Inflation: Used car prices have plummeted to their lowest level since 2021, helping to reduce inflation. CoPilot’s analysis of CPI data shows a 10.1% drop in used vehicle prices over the past year, with a 1.5% decline last month alone. Cox Automotive reports the average list price for a used vehicle is now $25,251, down 7% from last year. CoPilot CEO Pat Ryan explains that the increased supply of new vehicles has eased pressure on the used market, giving consumers more options to buy new rather than used. Read more: https://lnkd.in/eiWK66xM VinFast Forms US Dealer Advisory Board: VINFAST is strengthening its US presence by forming a Dealer Advisory Board to navigate the American market. The board includes strategic members like David Coyle, Damian Mills, and Elie Hanna. VinFast aims to expand its US dealership network to 125 third-party sales points by the end of 2024. David Coyle of Leith VinFast highlighted the board's role in ensuring open communication and collaboration, keeping VinFast at the forefront of the EV market. Read more: https://lnkd.in/ePDKMVvH Rivian's Future Plans: Rivian CEO RJ Scaringe discussed the company's future plans, new models, and a joint venture with VW in a recent interview with The Verge. Rivian announced five new models this year, with the R2 set to launch in 2026 and already having 100K pre-orders. Scaringe believes the EV growth slowdown is due to a lack of variety, not demand. Rivian's $5 billion joint venture with VW focuses on co-developing streamlined electronic architecture, reducing ECUs, and simplifying software updates. Scaringe also emphasized Rivian’s decision to exclude CarPlay, opting instead to offer CarPlay-like features on an a la carte basis. Read more: https://lnkd.in/e5VDkASc Follow the show on Apple Podcasts: https://lnkd.in/e-DA5fTF Listen on Spotify: https://lnkd.in/eTr6WKb7 #AutoIndustry #UsedCars #EVs #VinFast #Rivian #Inflation #TechUpdates #DealershipNews #AutomotiveNews #IndustryTrends

For dealers and marketers looking to enhance their online presence and drive sales, Daniel Able highlights real-world examples and the tangible benefits of excellent merchandising. In this episode of Auto Collabs, the crew chats with Daniel Able, National Sales Manager at CarCutter, about the transformative power of proper vehicle merchandising. Daniel shares his journey from the dealership floor to the vendor side. Amidst laughs and a few unexpected revelations, Daniel emphasizes the critical need for consistency and quality in online vehicle presentations to boost sales and customer satisfaction. The conversation takes a deep dive into the significance of effective vehicle merchandising. Daniel and the hosts discuss how poorly presented vehicle listings can deter potential buyers, drawing a striking comparison to the seamless and visually appealing listings on platforms like Amazon. They emphasize that in the digital age, a dealer’s website is the new front line, and having high-quality, consistent images can significantly impact a customer’s decision-making process. Daniel shares insightful anecdotes and practical strategies for improving merchandising efficiency, such as streamlining the photo-taking process and ensuring every vehicle is showcased at its best. Here's what is covered: 0:00 Intro with Paul J Daly, Kyle Mountsier and Michael Cirillo 01:39 Daniel Able Introduction: The hosts introduce Daniel Able, National Sales Manager at CarCutter, and tease some surprising facts about him. 03:02 Daniel’s Volunteer Work: Daniel shares about his volunteer work with a water rescue organization in South Carolina. 05:15 Daniel’s Journey From Dealer To Vendor Partner: Daniel describes his path in the automotive industry, from starting in car sales to transitioning to digital retail and eventually moving to the vendor side with CarCutter. 14:24 Importance of Quality Images: Daniel discusses how vital high-quality, consistent images are for online vehicle listings and compares this to product listings on Amazon. 16:07 The Website Is The New Front Line: The conversation highlights that a dealer’s website is now the new front line and emphasizes the need for speed and efficiency in getting vehicles market-ready online. 22:02 Merchandising Challenges and Solutions: Daniel explains the common challenges dealers face in merchandising and how CarCutter helps streamline the process, ensuring better presentation and faster turnaround. 24:57 Evolution of Merchandising Mindset Subscribe on Apple Podcasts: https://lnkd.in/gGCWK_Sh Follow on Spotify: https://lnkd.in/ewgRjRDp Daniel Able is the National Sales Manager at CarCutter https://lnkd.in/eUKK9yKM https://lnkd.in/dBbzZJk

It’s Monday, and that means we GET to work in automotive retail. Today, we’re diving into GM’s adjusted EV plans, BP’s investment in EV charging, and what it means to be “luxury.” GM Adjusts EV Plans: GM is launching new EVs across Chevrolet, GMC, and Cadillac this year, despite slowing sales due to high prices and charging concerns. They aim for zero-emission light-duty vehicles by 2035 but have cut EV production targets by up to 50,000 units this year. The Chevrolet Equinox EV, expected this year, will be GM's most affordable EV, starting at around $35,000 before the $7,500 federal tax credit. CEO Mary Barra acknowledged the slowdown in EV growth, saying, "We never expected it to be linear." Read more: https://lnkd.in/esCV-yGb BP’s Investment in EV Charging: BP is partnering with Simon Property Group to install 900 EV chargers, expanding its EV charging network. Last year, BP Pulse announced plans to invest $1 billion in America's EV infrastructure by the end of the decade. BP Pulse operates over 33,900 EV charge points globally and aims for 100,000 points by 2030. This supports BP's commitment to sustainable energy. Read more: https://lnkd.in/gQB2pT3g Defining Luxury: A Morning Consult Intelligence study shows shifting priorities among luxury shoppers. Over 75% prioritize quality over cost, 65% value exclusive access to products, and 64% see high prices as important. Superior customer service is crucial, with 72% citing it as key and 63% expecting personalized shopping services. Most luxury purchases are still made in brick-and-mortar stores. Read more: https://lnkd.in/eeSsTuCP Follow the Automotive Troublemaker on Apple Podcasts: https://lnkd.in/e-DA5fTF Listen on Spotify: https://lnkd.in/eM8ZAtih #AutomotiveIndustry #EVs #SustainableEnergy #LuxuryRetail #CustomerExperience #GM #BP #ElectricVehicles #RetailTrends #automotivenews

This is the guiding force for Impel. Devin Daly shared there are countless opportunities that AI brings to the future of any industry. He shares the $100M acquisition of Outsell allows them to merge AI with data. An AI model paired with consumer data will lead to more opportunities to connect with the right people at the right time. 📺 Watch the full discussion here: https://lnkd.in/gN32mnY5 #artificialintelligence #autoindustry #asotu #marketing

The S&P 500 and Nasdaq have consistently hit record highs this week despite the fact that U.S. confidence in institutions has tanked to historic lows. 📈 📉 We break it all down for you in this week's edition of the Market Watch. Stay up-to-date with all the latest and greatest going on in our industry -- subscribe to our Daily Pushback email today! https://lnkd.in/eEk8j5WW . . . #morethancars #weeklymarketwatch #economy #automotive