Podcasts about Cox Automotive

Shoot us a Text.Episode #1066: Today we're looking at the May economic data from Cox Automotive, how Lucid is reducing its dependence on foreign battery materials and how Meta has increased its ad revenue without increasing volume through targeting.Show Notes with links:May's economic and automotive data show a market adjusting to tighter consumer budgets and lingering workforce shifts. Retail remains steady, but pricing sensitivity is driving realignment in both new and used inventory strategies.Employers added 139K jobs in May, topping forecasts, but downward revisions led to a net 95K job loss.Auto dealer employment rose by 2,100 jobs, though it's still 1.1% below pre-COVID levels.New-vehicle SAAR dropped to 15.6M in May, down from 17.8M in April. Retail SAAR outpaced last year's.Incentives averaged $3,297—the highest discounting level in five years, and the average price paid dropped to 95.7% of MSRP.Used-vehicle sales dipped 3% month-over-month, but are up 4% year-over-yearWith all the buzz around China's dominance of EV battery raw materials, Lucid surprised us with a plan to source all of its materials domestically.Lucid's agreement with Graphite One kicks off natural graphite production in 2028 from Alaska's Graphite Creek site.They've layered this with a 2024 synthetic graphite deal and a 2026 supply agreement with Syrah Resources in Louisiana.All three deals align with IRA requirements, boosting eligibility for EV tax credits and reducing reliance on China, which supplies 90%+ of the world's anode materials.Graphite One's Ohio facility will produce enough anode material for up to 2 million EVs per year.Lucid's Interim CEO said the U.S.-focused strategy “supports our efforts to reduce the carbon footprint of our vehicles.”Meta might be all-in on Gen Z vibes, but it's the boomers and Gen Xers footing the bill. A new Barclays report reveals that older Facebook users see far more ads—because they're the ones clicking.Facebook shows more ads to users aged 45+ due to higher purchasing power.Those aged 45-54 see the highest ad load at 22%; teens only see 4.3%.Dynamic ad tech like Andromeda and Lattice tailors volume by user value.97% of Meta's revenue comes from ads.Meta has actually increased ad revenue without upping total ad volume by targeting high-value users—a shift analysts call “arguably the most bullish development.”Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Amid increased vehicle values, a rise in vehicle repossessions and continued tariff-induced uncertainty, Auto and powersports players are implementing new leadership, positioning themselves for growth and weighing incentives to weather macroeconomic challenges. Prices for every major vehicle segment except compact cars saw a year-over-year increase in May, according to Cox Automotive data published June 6. EV values and used-vehicle values may be normalizing after a pre-tariff purchase surge, according to Jeremy Robb, senior director of economic and industry insights at Cox Auto. The rate of 30-day plus auto delinquencies fell 18 basis points YoY in the first quarter, according to an Experian report released June 5. Auto inventory also fell in the regions covered by the Federal Reserve banks of Philadelphia and Cleveland, prompting higher prices, according to the Fed's June 4 edition of the Beige Book. National repossession assignments reached 2.1 million year to date through April, though lenders are delaying filing repossession papers. In the nonprime space, lenders are looking at using AI technologies and speeding funding time while preparing to slow their activity in the wake of tariffs, according to panelists at the Non-Prime Auto Financing Conference on June 4 and 5, respectively.  Amid supply chain concerns and tariff-induced market uncertainty, captives are meeting with their OEM partners and deciding whether to keep incentives they began in response to the tariffs.  Meanwhile, powersports lender Ironhorse Funding, which funds more than $20 million per month in originations, is seeking over $120 million in forward-flow commitments. In the marine world, dealers have reported a rise in repower, or boat engine replacement sales. In this episode of “Weekly Wrap,” Auto Finance News Editor Amanda Harris, Senior Associate Editor Truth Headlam and Associate Editor Aidan Bush discuss trends in affordability and powersports for the week ended June 6.  

Today I'm joined by Graham Anderson, CCO & Co-Founder of KENECT. We get into how dealers are solving the #1 bottleneck in fixed ops, the best times to text customers, how Gen Z is flipping the script on dealer communications, and more. This episode is brought to you by: 1. Qmerit - Selling EVs can have a lot of friction points. But home charging installation shouldn't be one of them. That's why dealers and automakers trust Qmerit—the go-to expert for home charging installations. Join Qmerit's dealership partner program and start earning referral incentives on every installation. Visit @ http://www.qmerit.com/carguy to learn more. 2. Cox Automotive - Dealers keep hearing that improving customer experience is the best way to boost profits—but what do consumers actually want? Retail360—Cox Automotive's comprehensive suite of solutions — powers on true omnichannel experiences for consumers and dealers. With Retail360, powerful consumer insights enable predictive artificial intelligence and automation, all tailored for your dealership by industry-veteran performance managers. To learn how consumers prefer to shop, buy and own vehicles, visit @ https://cox.auto/uh9Uy and download “The Evolving Consumer and How to Meet Their Needs,” the new Ebook from Cox Automotive. Need help finding top automotive talent? Get started here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.cdgrecruiting.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠ Interested in advertising with Car Dealership Guy? Drop us a line here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cdgpartner.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ Interested in being considered as a guest on the podcast? Add your name here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/3Suismu⁠⁠ Topics: 01:29 How is AI transforming dealerships? 04:24 What shaped your company's journey? 06:52 Why reputation management matters? 10:44 Benefits of automated scheduling 18:42 Biggest tech integration challenges? 21:58 The future AI applications in auto 23:30 Text vs voice for customers 26:27 How to optimize service departments? 32:28 Industry outlook for next year? Check out Car Dealership Guy's stuff: CDG News ➤ ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://news.dealershipguy.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠ CDG Jobs ➤ ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://jobs.dealershipguy.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠ CDG Recruiting ➤ ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.cdgrecruiting.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠ My Socials: X ➤ ⁠⁠⁠⁠⁠⁠⁠⁠⁠x.com/GuyDealership⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram ➤ ⁠⁠⁠⁠⁠⁠⁠⁠⁠instagram.com/cardealershipguy/⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok ➤ ⁠⁠⁠⁠⁠⁠⁠⁠⁠tiktok.com/@guydealership⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn ➤ ⁠⁠⁠⁠⁠⁠⁠⁠⁠linkedin.com/company/cardealershipguy⁠⁠⁠⁠⁠⁠⁠⁠⁠ Threads ➤ ⁠⁠⁠⁠⁠⁠⁠⁠⁠threads.net/@cardealershipguy⁠⁠⁠⁠⁠⁠⁠⁠⁠ Facebook ➤ ⁠⁠⁠⁠⁠⁠⁠⁠⁠facebook.com/profile.php?id=100077402857683⁠⁠⁠⁠⁠⁠⁠⁠⁠ Everything else ➤ ⁠⁠⁠⁠⁠⁠⁠⁠⁠dealershipguy.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Today on CarEdge Live, Ray and Zach discuss the latest data from Cox Automotive and various dealers. Tune in to learn more!

May 22, 2025 ~ Cox Automotive Executive Analyst Erin Keating discusses the Cox Automotive's Q2 2025 report has been released this week.

Shoot us a Text.Episode #1048: Today we're diving into Honda's EV strategy rethink and dealer drama in California, a mid-May dip in wholesale used vehicle prices, and the growing reality that side hustles aren't just extra—they're essential.Honda is pumping the brakes on its aggressive EV strategy, cutting EV R&D investment by 30% and slashing its 2030 EV sales forecast by more than 1 million vehicles. Instead, hybrids are back in the spotlight.Honda now expects just 700,000 to 750,000 EVs sold in 2030, down from 2 million.EV R&D cut from ¥10T ($69B) to ¥7T ($48B); with 13 next-gen hybrid models to debut starting 2027 with improved fuel economy and cost.“It has become increasingly clear that the environmental regulations... are becoming relaxed. I think the EV penetration period will be pushed back by about 5-6 years.” said CEO Toshihiro Mibe.Meanwhile, California's dealer association has issued a cease and desist letter to Sony Honda Mobility, challenging their direct-to-consumer sales strategy for the Afeela 1 EV.American Honda claims no role in Sony Honda Mobility's sales plans.Wholesale used-vehicle prices dipped in the first half of May, giving back some of April's unusually strong gains. The market shows signs of normalization, even as demand for used vehicles remains steady.The Manheim Index fell to 205.9, down 1.1% from April but still up 4.4% YoY.Three-year-old vehicles depreciated less than average, down just 0.6%.Luxury and SUV segments led YoY gains; compact cars were the only group to decline.EVs rose 2.0% YoY but saw a 2.0% drop vs April, steeper than non-EVs.“As the tariff situation evolves and the frenzy of buying activity for new vehicles calms down, we expect wholesale pricing trends to remain more normal through Q2,” said Cox Automotive's Jeremy Robb.Side hustles aren't just a way to save for that vacation anymore—they're becoming an economic necessity for many Americans. With living costs rising and economic uncertainty looming, millions are turning to extra work just to stay afloat.44% of Americans now report having a side hustle; 43% of them rely on it to pay for basic living expenses.Bankrate data shows 71% earn under $500/month, with only 9% making over $2,000.Top gigs include web design, video editing, ride-hailing, delivery driving, and even voiceover work.Some are using side gigs to build AI-proof income streams in trades, tutoring, or specialized services.NetCredit reports AI-based gigs on Fiverr average $44.50/day—low but growing fast.Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

A quartet of auction executives discussed remarketing in the “innovation era” during this spring's Auto Intel Summit. Now available through this episode of the Auto Remarketing Podcast, addressing this topic were Greg Borowski of ACV Auctions, Nikki Behrens of ADESA, Joe Kichler of Cox Automotive and Chris Angelicchio of the ServNet Auction Group.

Today I'm joined by Derek Hansen, VP of Operations at Cox Automotive. We get into how AI is reshaping inventory pricing, pro tips for navigating vehicle tariffs, where vAuto is innovating next—and more. If your dealership is interested in learning more, reach out to Derek by email: derek.hansen@coxautoinc.com This episode is brought to you by: 1, Toma – If your BDC or Service Advisors are buried in calls, it's time for a smarter solution. Toma builds custom AI agents that answer 100% of your dealership's inbound calls and handle tasks like booking service, checking recalls, and scheduling test drives—without tying up your team. Dealers using Toma are saving 30–40 staff hours a week and booking 100+ extra appointments every month. Exclusive for CDG Listeners: Start your no-risk, 1-month free trial @ toma.com/cdg 2. Experian Automotive - Like most Car Dealership Guy Listeners, you're constantly looking for the inside edge on the auto industry. So if you're ready to step up your game to the next level – outpacing the competition and building customer loyalty – there's only one place to go from here: Experian Automotive. They're the only ones with exclusive data across vehicles, consumers, and credit—plus expert data scientists who connect the dots to uncover the insights you need. Get the industry-leading insights from Experian Automotive today! Learn more by visiting @ https://carguymedia.com/4cfcLjZ Need help finding top automotive talent? Get started here: https://www.cdgrecruiting.com/ Interested in advertising with Car Dealership Guy? Drop us a line here: https://cdgpartner.com Interested in being considered as a guest on the podcast? Add your name here: https://bit.ly/3Suismu Topics: 00:15 Biggest inventory challenges today? 00:34 What shaped your career path? 01:08 How is AI changing auto? 03:38 Current market trends to watch? 07:11 Best dealer strategies now? 09:37 How to improve appraisals? 15:45 Global car sourcing tips? 21:39 How predictive analytics helps sales? 33:09 Future car inventory predictions? Check out Car Dealership Guy's stuff: CDG News ➤ https://news.dealershipguy.com/ CDG Jobs ➤ https://jobs.dealershipguy.com/ CDG Recruiting ➤ https://www.cdgrecruiting.com/ My Socials: X ➤ x.com/GuyDealership Instagram ➤ instagram.com/cardealershipguy/ TikTok ➤ tiktok.com/@guydealership LinkedIn ➤ linkedin.com/company/cardealershipguy Threads ➤ threads.net/@cardealershipguy Facebook ➤ facebook.com/profile.php?id=100077402857683 Everything else ➤ dealershipguy.com This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Most vehicle purchases start out with a single click. And whether that click comes from an email, popup ad, or a vehicle listing, dealers can capture their attention at first click. During this keynote panel discussion from this spring's Auto Intel Summit that's now available through the Auto Remarketing Podcast, Jade Terreberry, Noah Lee and Micah Tindor of Cox Automotive provide valuable, actionable insights on how to encourage ready-to-buy shoppers to act quickly and go from click to close by providing a seamless and exceptional shopping experience.

The typical automobile manufactured in North America crosses national borders at least six times before it's ready to be sold. Tariffs are expected to increase US auto prices by thousands of dollars as companies establish new supply chains and onshore manufacturing with higher production costs. In this episode, we talk with Jonathan Smoke, Chief Economist with Cox Automotive, about the complexity of auto manufacturing supply chains, tariffs' impacts on prices and employment in the auto sector, and the outlook for a less globally integrated auto industry.

Americans are rushing to car dealerships as they worry about what President Trump's tariffs will do to car prices in the coming months. New vehicle sales have been increasing steadily this year, and they jumped in March, according to market research firm Cox Automotive. That's the month when President Trump announced upcoming auto tariffs. Shoppers are racing to buy cars this spring because they believe that prices are going to go up in the summer and fall. And experts say if tariffs remain in place, that's likely. It's a gamble President Trump is making – with the hope his tariff strategy will lead domestic car companies to make more vehicles at home. NPR's Mary Louise Kelly talks with Ford Motor Company CEO Jim Farley, who was at Ford's Kentucky truck plant, about Trump's tariffs, and Ford's future.For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.Email us at considerthis@npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Shoot us a Text.Episode #1033: Today we're talking Hyundai and Kia's red-hot April sales streak, Ford's surprise retreat from a major software project, and why most consumers still aren't sold on AI or social shopping tools.Show Notes with links:U.S. shoppers are racing to dealerships to beat rising prices from new import tariffs, driving Hyundai and Kia to record April sales as both brands notch their seventh straight month of year-over-year gains.Hyundai U.S. sales jumped 19% in April, while Kia sales rose 14%.EVs and hybrids continue to shine: Hyundai up 25%, Kia up 21%.Industrywide sales were projected to rise as much as 15% in April, though momentum cooled as the month progressed.U.S. new-vehicle inventory dropped to 2.57M units (61-day supply) in mid-April, down from 2.69M (70 days) at the start of April and 2.8M (81 days) a year ago, per Cox Automotive.“Inventory levels have declined substantially over recent weeks, likely pushing vehicle prices higher. The outlook for new-auto sales from here is more troubling,” said Cox Automotive's Charles Chesbrough.Ford has canceled its highly anticipated FNV4 electrical architecture project, once billed as key to competing with EV pioneers like Tesla. The move underscores the uphill battle legacy automakers face in modernizing vehicle software.FNV4 aimed to unify software across gas and electric models, cutting costs and boosting update speed.The project was scrapped due to cost overruns and delays, after contributing to nearly $10B in software and EV losses over two years.CEO Jim Farley admitted Ford's current system relies on code from 150 suppliers—creating major barriers to quality and speed.Ford is shifting focus to a California-based skunkworks team developing affordable EVs and advanced software.“The only strategic advantage any company can have is speed,” said Caresoft Global's Terry Woychowski.New data shows a growing divide in how U.S. consumers view tech-driven shopping. KPMG's summer 2025 survey suggests widespread hesitation toward AI and social commerce—while Capgemini sees signs of rising adoption, especially among Gen Z.63% of consumers haven't used AI shopping tools and don't plan to, per KPMG; 56% say the same for social shopping.Shoppers say they prefer doing their own research and aren't swayed by online ads—especially when privacy and data usage are involved.In contrast, Capgemini reports nearly 60% of consumers now use generative AI in place of traditional search, and a third shop directly via social media.Gen Z bucks the trend: over half have made purchases via social platforms, and TikTok shoppers spent an average of $708 on the app last year.“The visual nature of fashion makes it a perfect fit for platforms like Instagram and TikTok,” said KPMG's Sam Ganga, urginJoin Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

In this episode of the Used Car Dealer Podcast, Zach talks with Tim Zierden, Chief Operating Officer at TradePending, to unpack how the company's trade-in, payment, video, and retention tools are “making automotive simple” for more than 5,000 dealerships. Tim shares what drew him to the role after two decades at Cox Automotive, KAR Global, and Dealertrack, the biggest milestones powering TradePending's recent expansion, and how real-time data helps dealers outpace tariff-driven price swings. The conversation also dives into AI-lite automation vs. personal video, the rise of CDPs, and the customer-life-cycle tactics that turn online shoppers into lifelong service customers. Whether you're wrestling with affordability headwinds or hunting for higher-ROI digital retailing solutions, Tim's insights are a must-listen.Below are the main questions Zach asks Tim, along with timestamps:00:37 Q) What pulled you toward TradePending after two decades in auto-tech?02:52 Q) Beyond the recent acquisitions, which milestone mattered most for the company's growth?04:01 Q) How does your “make automotive simple” mantra guide product decisions?05:21 Q) What's the biggest thing dealers say TradePending improves for engagement and sales?08:54 Q) How do you keep onboarding painless and support seamless for new clients?10:59 Q) How is TradePending helping dealers navigate today's tariff-driven price swings?14:49 Q) Which emerging tech or consumer habits will reshape dealerships next?17:19 Q) What fresh innovations are you rolling out to keep dealers competitive?19:27 Q) What key factors should dealers weigh when choosing digital-retail and trade-in tools?Listen to more episodes here: https://www.sellyautomotive.com/podcastRead the full transcription: https://blog.sellyautomotive.com/blog/tim-trade-pending

As the market for electric vehicles matures in the United States, sales of used EVs are climbing. They grew 39% year-over-year in March, according to data from Cox Automotive. Today, we hear how a used EV dealership in New Hampshire has experienced growth — and navigated market swings. And later in today's program: why a California public public school district is offering an elite athletic training program.

As the market for electric vehicles matures in the United States, sales of used EVs are climbing. They grew 39% year-over-year in March, according to data from Cox Automotive. Today, we hear how a used EV dealership in New Hampshire has experienced growth — and navigated market swings. And later in today's program: why a California public public school district is offering an elite athletic training program.

This week on That Tech Pod, Laura and Kevin sit down with tech veteran and AI thought leader Ken Gavranovic, CEO of Product Genius, for a lively and insightful conversation that spans AI, ethics, innovation and pop culture. Ken opens up about his challenging childhood, sharing how it sparked a passion for technology and a desire to build tools that could truly make a difference, much like the kid in the movie War Games. From early fumbles in fax software that made others millions but netted him nothing to working with tech giants like Disney and 7-Eleven, Ken walks us through his evolution into the AI space and why he believes AI will have the most substantial impact on humanity. We talk about ethical AI and data privacy, especially when it comes to children and younger audiences, how to leverage AI insights without drowning in data and the key contrasts in AI adoption between big corporations and smaller businesses. Laura and Ken geek out about functional health, from UV-cap water bottles to proactive blood testing to the very real fears (ahem, Laura) about robot uprisings from a tangent on the movie Smart House, the series Cassandra and The Terminator movies. Plus, we discuss recycled toilet paper and sustainability with a shoutout to Who Gives a Crap, and wrap things up with a peek into Ken's Amazon best-seller, Business Breakthrough 3.0, a must-read for any leader navigating digital transformation. Tune in for an episode that's smart, human, and just the right amount of tech-weird.Ken Gavranovic is a global keynote speaker, a seasoned technology executive, and the CEO of Product Genius, where he leads the development of AI-powered tools that transform real-time data into actionable customer insights, driving service improvements and operational efficiency. With over two decades of experience, Ken has helped businesses—from startups to global brands like Disney World and 7-Eleven—leverage cutting-edge tech to achieve measurable results. He has led 18 successful exits, 35 mergers and acquisitions, and an IPO, and has held key executive roles at New Relic and Cox Automotive. A global keynote speaker and member of Thinkers50 and the Forbes Council, Ken is also a co-author of the Amazon best-seller Business Breakthrough 3.0, a practical guide for leaders navigating digital transformation and scaling operations.

In this week's episode of The Venue Rx Podcast, host Jonathan Aymin sits down with Ken Gavranovic, CEO of Product Genius, to explore how AI is shaking up the wedding venue industry. Ken shares eye-opening insights on how AI is changing the way couples discover venues—especially through search engines like Google—and how it's helping businesses create more meaningful, personalized customer experiences.From streamlining day-to-day operations to gathering real-time feedback, Ken breaks down how venue owners can harness AI to boost efficiency and improve service. He also dives into practical strategies for using AI to stay competitive, manage online reviews, and build stronger client relationships. About Our Guest: Ken Gavranovic is a hands-on tech leader, global keynote speaker, and member of both Thinkers50 and the Forbes Council. With over 20 years of experience, he's helped traditional businesses harness the power of AI and emerging tech to get fast, real-world results. Ken has partnered with top venture firms, led 18+ successful exits, 35 mergers and acquisitions, and even taken a company public. He's also brought innovation to major brands like Disney World and 7-Eleven, using technology to boost customer experience and streamline operations.As CEO of Product Genius, Ken is building AI tools that turn real-time data into personalized customer interactions—helping businesses improve service, efficiency, and stay ahead of the competition. He previously founded Interland (now Web.com), growing it from zero to $200 million in just three years and guiding it through an IPO. He's also held executive roles at New Relic and Cox Automotive, where he led digital transformations that made a big impact on both customers and teams.Ken has spoken at 50+ events around the world, sharing practical insights on AI, scaling, and driving growth. He's also co-author of the Amazon bestseller Business Breakthrough 3.0, which lays out a clear five-step roadmap for leaders to drive change, align teams, and grow with purposeFind Him Here: Email: ken@kengavranovic.comWebsite: https://kengavranovic.com/Linkedin: https://www.linkedin.com/in/gavranovic/Instagram: https://www.instagram.com/kengavranovic/X: https://twitter.com/kgavranovic

April 21, 2025 ~ The impending auto tariffs is causing concerns about car prices and consumer behavior. Lloyd, Jamie, and Dr. Steve Craig talks with Skyler Chadwick, director of product consulting at Cox Automotive, about the industry closely monitoring how these policies affect car prices, dealer inventory, and evolving consumer expectations.

Sales of Elon Musk's chunky truck in the year's first three months were less than half of what it delivered in Q3 and Q4 of last year, according to Cox Automotive.Read the full story on Forbes: https://www.forbes.com/sites/alanohnsman/2025/04/10/tesla-cybertruck-sales-saw-a-sharp-dive-in-the-first-quarter/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this vAuto podcast, vAuto and Cox Automotive associate vice president Patrick Janes shares perspective on how dealers can address the impact of tariffs as they manage new and used vehicle inventories. Janes offers pointers to help you acquire inventory from customers in a supply-constrained market; ensure your new/used vehicle pricing keeps pace as the market moves; adjust your inventory/sales momentum as market demand shifts.

Cox Automotive's Erin Keating joins the podcast to talk tariffs. Plus, Hannah reports back on the Cadillac Celestiq and Matt rides the Buell.See omnystudio.com/listener for privacy information.

Today on CarEdge Live, Ray and Zach discuss the latest data from Cox Automotive for Toyota and Lexus and it is shocking to say the least. Tune in to learn more!

Shoot us a Text.Episode #1013: We cover the impact of upcoming tariffs on auto repair and insurance costs, seasonal shifts in EV range, and a new Pew survey revealing a major divide between AI experts and public opinion.Show Notes with links:Auto repair bills are on the verge of a sharp climb, and the clock is ticking. A 25% tariff on imported vehicles and auto parts, recently enacted by President Trump, officially takes effect May 3 — and it could add hundreds to even routine repair jobs.Roughly 44% of OEM parts are imported, many from Taiwan and other countries not exempt under USMCA, according to Cox Automotive.Experts say a standard brake job could jump $150–$200 per axle as parts hit with tariffs filter into the supply chain.Many shops have just 4-6 weeks of parts inventory and dealerships like LaFontaine Auto are proactively contacting customers who previously declined service to lock in current prices before the May 3 deadline.Insurance premiums may increase later in 2025 as claims costs go up, though experts say stolen vehicle rates and personal injury remain the bigger drivers.“Go get it done today because we could be having some different conversations in a couple of weeks,” said Skyler Chadwick, director of product consulting at Cox Automotive.If you're planning a road trip in an electric vehicle, do it in July or August. A new report from Vaisala Xweather shows those are the best months for EV range across the U.S., with average distances peaking at 267 miles.From June to September 2024, average EV range topped 250 miles in all 48 contiguous states and D.C.In contrast, January 2025 saw every state fall below the 250-mile median, with North Dakota at the bottom with 171 miles.Factors like air density, cabin heating, wind, and snow contribute to winter range dips.A sweeping new Pew survey highlights a major disconnect between AI experts and the general public. While most experts see AI as a personal and societal benefit, the average American is more worried than excited — and trust is in short supply.76% of AI experts believe AI will benefit them personally, while just 24% of the public feels the same.Only 11% of Americans are more excited than concerned about daily AI use; 51% are more concerned than excited.Both groups agree: the government can't be trusted to regulate AI effectively.83% of Americans say AI won't make them more productive, and 94% say it won't make them happier.I asked ChatGPT what it thought of this article: “The gap between how experts and everyday people view AI isn't just about knowledge — it's about experience. I can process data and generate insights, but I don't live in a world where AI decisions impact my job, privacy, or sense of agency. That's why human perspectives, especially diverJoin hosts Paul J Daly and Kyle Mountsier as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

April 9, 2025 ~ Tariffs may increase the cost of auto repairs due to imported parts, potentially impacting consumers and insurance rates. Skyler Chadwick, director of product consulting at Cox Automotive, talk with Lloyd and Jamie about how dealerships are likely to pass on the higher costs of imported parts to consumers.

Today I'm joined by Michael Wood, GM at Jaguar Land Rover Virginia Beach. We discuss Jaguar returning to its roots as a niche sports car brand, the existential crisis facing car dealerships, whether “negotiation-free” really matters—and more. This episode is brought to you by: 1. SalesApe (AI Agent Group LTD) - SalesAPE is the AI sales rep built for dealerships - it understands your inventory and business, instantly engaging inbound leads as they come in, qualifying buyers, and booking appointments 24/7 without adding headcount. Whether you're a franchised dealer, independent operator, or vendor selling into automotive, SalesAPE helps you convert more leads faster. Trusted by top-performing dealerships and backed by $20M from top VCs and the ex-Google CFO, it's the smarter way to scale sales without the overhead. Try it for free @ salesape.ai/cardealershipguy 2. Cox Automotive - Dealers keep hearing that improving customer experience is the best way to boost profits— but what do consumers actually want? Retail360 — Cox Automotive's comprehensive suite of solutions — powers true omnichannel experiences for consumers and dealers. With Retail360, powerful consumer insights enable predictive artificial intelligence and automation, all tailored for your dealership by industry-veteran performance managers. To learn how consumers prefer to shop, buy, and own vehicles, visit https://cox.auto/uh9Uy and download “The Evolving Consumer and How to Meet Their Needs,” the new eBook from Cox Automotive. 3. CDG Recruiting - The Go-To Talent Partner for Dealers. Hire pre-vetted GMs, sales, F&I, fixed ops, C-suite, and back-office talent—ready to perform. Faster hires, better results. Book a call → http://www.CDGRecruiting.com

Shoot us a Text.Episode #1012: Today we're talking about Lithia Motors' internal challenge to boost service growth, FM Capital's $240M bet on auto tech startups—with strong dealer backing, and the mounting issues facing Tesla's Cybertruck.Show Notes with links:Facing underperformance in its service and parts growth, Lithia Motors is turning inward, challenging its frontline teams to raise the bar and reclaim momentum in a key revenue area.Lithia's Q4 same-store service and parts revenue grew 3.4%, falling short of peers like Sonic (10%) and Penske (6.2%).CEO Bryan DeBoer emphasized it's not a technician shortage, but a “mindset issue” among service advisers and managers.The company is expanding its Partners Group program to include department managers, offering stock incentives tied to higher performance standards.COO Adam Chamberlain sees aftersales as a major 2025 growth driver, but warns current operations sacrifice customer pay for warranty work.DeBoer: “There's been way too soft of management and lip service... Sixty to 90 days is our new mantra,”Venture firm FM Capital has closed its fourth fund at $240 million, aiming to fuel retail and mobility tech across the auto industry—with major backing from dealership groups.The fund surpassed its $200M target despite a tough venture capital environment.Investments will target AI, fleet tech, autonomy, connectivity, and energy transition.125 investors participated, including 56 dealership groups representing over 1,100 stores. Holman and Cox Automotive returned as key backers in this round.Chase Fraser, Managing Partner of FM Capital: “Dealerships really respect entrepreneurs because they are entrepreneurs themselves. They want to get involved. They want to mentor some of these entrepreneurs. They want to test their products. They want to give them feedback because who knows better than the user?”Tesla's Cybertruck is facing a brand-new problem—its maker doesn't want it back. Owners looking to trade in their trucks are getting turned away, exposing deeper trouble for the high-profile pickup.Tesla is reportedly refusing to accept Cybertrucks as trade-ins, citing resale struggles and declining demand.The company has a backlog of nearly 2,400 unsold units worth $200M, with used values down 55% year-over-year.Some frustrated owners are resorting to Lemon Laws just to offload the vehicle.Other dealers are low-balling owners or avoiding Cybertrucks altogether due to market instability.A Cybertruck recall this year revealed that only 46K of the vehicles have been delivered so far.Join hosts Paul J Daly and Kyle Mountsier as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Join Ray Stevens, DriveChicago.com General Manager Mark Bilek and Chicago Auto Show Senior Marketing Director Jim OBrill as they review the 2025 Lexus RX, talk about the effects of tariffs on the automotive industry with Erin Keating from Cox Automotive and highlight the upcoming Car Shows & Cruise Nights page on DriveChicago.com.See omnystudio.com/listener for privacy information.

Today on the show: A powerhouse panel breaks down one of the most urgent issues facing auto retail — tariffs. With major policy shifts on the horizon, I brought together some of the industry's top operators, economists, and insiders to cut through the noise and unpack what tariffs could mean for dealers, OEMs, and the entire retail ecosystem. This isn't theory — it's what's coming, and how the smartest folks in the room are preparing. Before we introduce today's panelists, this episode is brought to you by CDG Recruiting: CDG Recruiting helps top dealers fill critical roles — fast. We combine deep industry expertise with unmatched reach across retail automotive. Whether it's the C-suite, sales, service, ops or management — we'll help you hire the right person, not just a person. Ready to hire? Book a call at https://cdgrecruiting.com Today's panelists include: Brett Morgan – CEO, Morgan Auto Group, one of the largest private dealer groups in the U.S. with a pulse on operations at scale. Michael Speigl – Multi-store operator with Toyota, CDJR, Ford, and Subaru franchises under WEAuto. Brings a grounded dealer lens to the macro. Cliff Banks – Publisher of The Banks Report. Cliff broke the tariff story and authored the industry's go-to deep dive. Jeremy Robb – Director of Economic and Industry Insights at Cox Automotive. Jeremy sets the data-driven context behind what's happening and what's coming. Andy Wright – Auto retailer across German (Porsche, Mercedes), Japanese (Honda), and Korean (Hyundai) brands — bringing a diverse OEM view. Jake Lebowitz – Partner at Raceway Auto Group, representing brands like Audi, Hyundai, Kia, Chevy, and Nissan. Brings a strong retail operator POV. Brian Benstock – One of the largest Honda dealers globally. Known for strong views and strategic clarity. Alan Haig – President of Haig Partners, the leading buy/sell advisory firm in automotive. Alan's take on M&A and valuation risk is a must-hear. Mike Stanton – President of NADA (National Automobile Dealers Association), representing the dealer body at the national policy level. If you're in automotive — retail, OEM, vendor, or investor — this is the conversation you need to hear.

Shoot us a Text.Episode #1003: Dealers and analysts react to President Trump's tariff order, as the administration considers a tax deduction for auto loan interest paid. Plus, Fisker Oceans have found new life as a rideshare fleet in NYC.Show Notes with links:Trump's sweeping tariff order is shaking the auto world. The new 25% levy hits nearly all foreign-built vehicles and key components.Analysts predict $4K–$10K price hikes, and Cox Automotive warns that 30% of U.S. vehicle production could be disrupted within a week. GM stock fell 9%, hit hardest due to its reliance on Mexico and South Korea, Ford and Stellantis were down around 2%Ferrari responded by is raising prices by 10%, up to $350K on some models. Even Tesla isn't safe—Elon called the impact “significant” due to global parts sourcing.Michael Wood, GM of JLR Virginia Beach on LinkedIn “This will inadvertently heavily impact a brand that never had jobs here in the first place. The outcome could be disastrous for those working at these stores. Volumes go down, staffs are reduced and displaced.”Rob Malanowski, Internet Director at Ancira Nissan said on LinkedIn “If you're a car shopper, you will get to choose between: paying more for a non-US built vehicle, paying more for a US built vehicle, deciding you don't really need a new car right now. Bet we'll see a ton of people in group 3.”President Trump has proposed a tax deduction for interest paid on auto loans—but only for vehicles made in America. The idea, announced alongside 25% tariffs on imported vehicles, has drawn mixed reactions from dealers and analysts alike.Dealers are split—some say it could help consumers, while others doubt its feasibility.Analysts say the deduction could save buyers around $20 a month, but tariffs could add $60–$90 to payments.Used car prices could rise 9-12% due to increased demand for domestic models.The White House and Speaker Johnson's office have yet to confirm details, including whether the deduction applies to standard tax filers.“I think it's Trump's way of trying to regulate interest rates,” said Ford dealer Nick Anderson, calling it a “pipe dream.”Trump argues the policy will “pay for itself” by increasing U.S. auto production.What happens to thousands of Fisker Oceans after the company goes bankrupt? In New York City, they're hitting the streets as Uber and Lyft rides, thanks to a fleet operator with a vision and a Bronx repair shop keeping them roadworthy.American Lease bought 3,000 Fisker Ocean EVs for $42.5M, renting them to rideshare drivers.New York City mandates all Uber & Lyft rides be EV or wheelchair-accessible by 2030.BHP Service Center in the Bronx is now the go-to repair shop for these orphaned EVsShop owner Ronen (“Roni”) is already stockpiling parts, purchasing wrecked vehicles and even making molds for body panels.Hosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email

Today, I'm sitting down with Andrew Dahl, President at Dahl Automotive, a 12 franchise dealer group based in Wisconsin and Minnesota to discuss: How He's Scaling to $1B a Year, Why 'entitlement' almost ruined a 5th-generation family legacy, How he found found a higher power to change his life and much more. This episode is brought to you by: 1. StoneEagle - Technicians hate writing repair stories, but incomplete documentation risks unpaid warranty claims. That's why smart dealers are using Pencilwrench to save time, eliminate frustration, and ensure they get fully compensated for every repair. See how it works @ https://bit.ly/3DscNIw and get free setup and training when you sign up for one year. Mention code CDGWRENCH during your demo — and tell them Car Dealership Guy sent you! 2. Cox Automotive - Dealers keep hearing that improving customer experience is the best way to boost profits — but what do consumers actually want? Retail360 — Cox Automotive's comprehensive suite of solutions — powers true omnichannel experiences for consumers and dealers. With Retail360, powerful consumer insights enable predictive artificial intelligence and automation, all tailored for your dealership by industry-veteran performance managers. To learn how consumers prefer to shop, buy, and own vehicles, visit @ https://www.coxautoinc.com/ and download “The Evolving Consumer and How to Meet Their Needs,” the new eBook from Cox Automotive. 3. CDG Recruiting - The Go-To Talent Partner for Dealers. Hire pre-vetted GMs, sales, F&I, fixed ops, C-suite, and back-office talent—ready to perform. Faster hires, better results. Book a call → http://www.CDGRecruiting.com

In this vAuto podcast, Cox Automotive executive analyst Erin Keating and vAuto strategic planning director Bethany Johnson discuss how a rise in market uncertainty and volatility could dampen what's turned out to be better-than-expected new and used vehicle sales in the first quarter of 2025. Hear why and how economic trends have spurred a two-sided market where luxury and lower-end vehicles rank as the hottest segments. Also, learn about how affordability will remain a challenge for some time, putting pressure on dealers to focus on market-efficient inventory allocations and sourcing. Finally, they discuss how as-yet unchanged federal tax incentives and better battery diagnostics will drive an ever-growing EV opportunity in new and used vehicles for dealers.

He knows the housing market and house music. He knows cars and The Cars. An economist who moved from the real estate market to the automotive market — while moonlighting as a DJ — Cox Automotive chief economist Jonathan Smoke is among our first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program. Smoke joins the Auto Remarketing Podcast to talk about his career journey, day-to-day work as an economist and why putting together auto industry analysis isn't all that different than penning a tune.

We wrap up our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a presentation dedicated to modern strategies to help dealers maximize their profits. Sharing those best practices are two experts from Cox Automotive, Chrisy O'Hara and Bethany Johnson.

In this Q1 2025 edition of Live Market View, vAuto founder and Cox Automotive executive vice president Dale Pollak joins Derek Hansen at NADA 2025 to discuss market conditions dealers will face as the year unfolds. Dealership profitability and the need to acquire inventory—and provide greater transparency to win more vehicles from customers—top the list of key NADA take-aways. In addition, they discuss Dale's transition efforts in his final year at Cox Automotive.

In this episode of the podcast, Zach sits down with Randy Kobat, President and CEO of Repair On Demand, a provider of innovative reconditioning solutions for dealerships. They discuss how reconditioning has become a critical factor in dealership success, the common inefficiencies that slow down the recon process, and how technology can help dealers cut turnaround time and maximize profitability. Randy shares lessons from his extensive background—leading brands like vAuto, Kelley Blue Book Instant Cash Offer, and HomeNet—along with key insights from his decade at Cox Automotive. They also touch on how EVs bring new challenges, such as battery diagnostics, and how a streamlined recon workflow can give dealers a competitive edge.Below are the main questions Zach asks Randy, along with approximate timestamps:Q) How did you get started in automotive tech, and what led you to your current role?Q) From scaling vAuto and Kelley Blue Book Instant Cash Offer, what lessons stand out for dealers today?Q) Why should dealers rethink how they manage their reconditioning process?Q) Where do you see the biggest inefficiencies in dealership recon right now?Q) How can dealers fix the communication breakdowns between sales, service, and third-party vendors?Q) What are the main financial and operational benefits of a streamlined recon process?Q) How does Repair On Demand help dealers eliminate recon inefficiencies?Q) Which innovations in recon technology are most exciting to you?Q) Any key takeaways from your time at Cox Automotive that you've brought to Repair On Demand?Q) With EVs on the rise, what new recon challenges do dealerships face (like battery diagnostics)?Q) What's next for Repair On Demand in the coming 12 to 24 months?Q) How can listeners reach out if they want to connect with you?Listen to more episodes here: https://www.sellyautomotive.com/podcastRead the full transcription: https://blog.sellyautomotive.com/blog/randy-kobat

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a fireside chat, featuring Grace Huang, who is president of inventory solutions at Cox Automotive. Along with projecting what might be happening at Cox Automotive and elsewhere in the wholesale market. Huang shared anecdotes about her family and the early portions of her professional career.

Today on CarEdge Live, Ray and Zach discuss the latest news from Allstate and also new car pricing data from Cox Automotive, and it is damning to say the least. Tune in to learn more!

Today on CarEdge Live, Ray and Zach discuss the latest data from Cox Automotive on EV sales. Tune in to learn more!

WWJ auto analyst John McElroy reports on a Cox Automotive survey that shows car buyers are happy with how they are treated when buying a new auto.

Today on CarEdge Live, Ray and Zach discuss the latest data from Cox Automotive. Tune in to learn more!

Shoot us a Text.California wildfires have forced dealership closures, but communities are coming together to support first responders. Meanwhile, new-vehicle buyer satisfaction reached a record high in 2024, driven by seamless digital tools and efficient processes. During the first round of the NFL playoffs, A.J. Brown's viral sideline book moment offers a glimpse into a high performer's mindset and resilience.As wildfires rage across Southern California, local businesses, including car dealerships, face significant challenges. Over 45 square miles have burned, forcing evacuations and disrupting operations. Some dealerships have temporarily closed, while others rally to support their communities and first respondersLAcarGUY temporarily closed seven Santa Monica dealerships and one Hollywood location, Group 1 Automotive closed its Mercedes-Benz Beverly Hills store for two days. AutoNation reported no direct damage but continues to monitor the situation.Matthew Phillips, CEO of Car Pros Automotive Group, expressed concern for employees and the community, noting smoke and power outages at their locations near evacuation zoneAccording to a linked in post, Brett Sutherlin, CEO of Sutherlin Automotive Group, lost his home to the Palisades fire, saying “We will be going through a lot over the next few weeks and dealing with the loss of our beautiful home and neighborhood,”New-vehicle buyer satisfaction hit record highs in 2024, driven by enhanced digital tools and seamless integration between online and in-dealership activities. According to Cox Automotive's latest Car Buyer Journey study, 75% of new-car buyers reported being highly satisfied with their shopping experience, underscoring the importance of transparency, technology, and efficiency in the automotive retail process.About 75% of new-vehicle buyers expressed high satisfaction with the shopping process in 2024, up from 73% in 2023, marking an all-time high for the study.Dealership satisfaction also hit a record 81%, with shoppers reporting reduced “sticker shock” and more positive feelings about vehicle selection.EV buyers led in satisfaction, with 82% highly satisfied, compared to 75% of gasoline-powered vehicle buyers.During the Philadelphia Eagles' 22-10 playoff victory over the Green Bay Packers, wide receiver A.J. Brown kicked off a viral moment by reading a book on the sidelines. Brown, who had a quiet game with only one catch for 10 yards, was seen reading  "Inner Excellence" by Jim Murphy, a book focusing on mental training for peak performance. The wide receiver had limited involvement in the game, with just one reception for 10 yards. Brown explained that he brings the book to every game for a sense of peace, referring to it as his "recipe." Commentators Kevin Burkhardt and Tom Brady noted Brown's sideline reading during the broadcast, adding a lighthearted moment to the game. Hosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email

Shoot us a Text.Today we're talking about the legendary stunts of the Detroit Auto Show, the stabilization of used car prices after pandemic volatility, and Starbucks shutting down stores for a barista reboot under its new CEO.The Detroit Auto Show has long been a stage for iconic moments, from smashing Jeeps through glass to launching entire luxury brands. Once the epicenter of automotive innovation, the event has struggled in recent years to maintain relevance amid rising costs, digital marketing trends, and competing global expos.During the '90s and early 2000s, the show was the must-attend event for automakers and media, with 4,000 journalists.Some theatrical reveals included Bob Lutz driving a Jeep Grand Cherokee through a plate glass window in 1992, a Dodge Ram crashing through cardboard in 1993, Kermit the Frog driving a minivan in 1995, and a cattle drive introducing the 2009 Dodge Ram.Automakers invested millions in jaw-dropping spectacles, like Cirque du Soleil performances and celebrity appearances, making it a race to outdo each other every year.The rise of CES and specialty expos, coupled with automakers shifting to digital-first marketing strategies, diluted the Detroit show's dominance.The Detroit Auto Show has since returned to its January roots, focusing on engaging consumers rather than relying on the media spectacle it once was."The world has changed. That is reflected in the auto show," said David Cole, chairman emeritus of the Center for Automotive Research.This year's show will be January 10 to January 20, 2025, at Huntington Place in DetroitUsed vehicle prices are expected to stabilize further in 2025, bringing relief to buyers after years of pandemic-induced volatility. While still higher than pre-pandemic levels, prices are trending toward normalization.Cox Automotive predicts wholesale prices will end 2025 up 1.4% compared to December 2024.Prices surged 46.6% in 2021 and 14.2% in 2020 but dropped sharply in 2022 and 2023.Retail prices remain slow to decline, with December's average listing at $25,565, down 3% year over year.Used vehicle sales are forecast to rise 1% in 2025, with 20.1 million retail sales.Starbucks is hosting a mandatory three-hour training session later this month as part of CEO Brian Niccol's effort to revitalize the brand. Niccol's said in a session description,“We will refocus on what has always set Starbucks apart — a welcoming coffeehouse,” The training, titled "Welcome Back to Starbucks," will run from January 21-26, with employees attending at staggered times.Stores may close dining rooms but keep drive-thrus open to accommodate the sessions.Niccol, known for his turnaround at Chipotle, has already introduced changes like faster drink prep and self-service condiment bars.Employees hope for additional workflow adjustments to streamline operations and better balance quick Hosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email

Description:In this episode, I share my experiences from the Consumer Electronics Show (CES), a pivotal hub for innovation in electric vehicles and renewable energy. I recount the vibrant atmosphere, my networking endeavors, and serendipitous encounters with fellow podcasters. Updates on the electric vehicle market include the recent recall of Kia's EV9s and the launch of Lucid Motors' SUV, the Lucid Air Gravity. I highlight competitive dynamics among manufacturers and extend the conversation with interviews from industry leaders like EcoFlow, discussing their innovative energy solutions. I also analyze Tesla's production milestones and year-over-year sales trends. This reflection on CES leads me to consider my future participation in such events while inviting listener engagement and support.Support the Show:PatreonAcast+Other Podcasts:Beyond the Post YouTubeBeyond the Post PodcastShuffle PlaylistNews:Rivian Delivery NumbersTesla Delivery NumbersLucid Delivery NumbersLucid AI AssistantGM Delivery NumbersKIA EV9 RecallCox Automotive: 1 in 4 vehicles sold in 2025 will be electricCybertruck Foundation gets free SuperchargingSupport this show http://supporter.acast.com/kilowatt. Support the show at https://plus.acast.com/s/kilowatt. Hosted on Acast. See acast.com/privacy for more information.

Electric vehicle sales growthexperienced a slow down in 2 023 that continued into this year. Despite EV makers' big bets on batteries, buyers seemed more hesitant to take the all-electric route. But EV sales are exp ected to keep growing in 2025, according to Cox Automotive. On the Science of Success, WSJ's Ben Cohen speaks with Journal reporter Sean McLain about the companies he's watching and his predictions for the EV race in 2025.  What do you think about the show? Let us know on Apple Podcasts or Spotify, or email us: FOEPodcast@wsj.com  Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on CarEdge Live, Ray and Zach discuss the latest news from Cox Automotive about new car inventory levels. Tune in to learn more!

Shoot us a Text.With just 2 weekends left in the year, we're excited to share that the automotive industry is set up for an excellent finish to 2024. Meanwhile, Ford is ramping down its F-150 Lightning production until the new year to meet demand, and Gen Z may just save the malls.Show Notes with links:The automotive industry is gearing up for a solid 2024 finish as inventories stabilize and aggressive year-end deals lure buyers back to showrooms. Analysts remain optimistic about continued momentum into 2025, despite policy uncertainties.Total 2024 sales are projected at 15.8–15.9 million vehicles, a solid increase from 15.6 million in 2023.  December's seasonally adjusted annual rate (SAAR) is expected to reach 17.2 million, the highest since 2021.General Motors is likely to hold its position as the top U.S. automaker, with Honda having the most gains, overtaking Stellantis in market share due to Stellantis' estimated 15% sales drop.Retail leasing activity is up 19% YoY, fueled by record-high EV incentives averaging $8,202 per transaction. EV sales are forecasted to grow 12% in Q4, contributing to the year's estimated 8% EV market share.Despite falling interest rates (below 7% for the first time in a year), high vehicle prices push average monthly payments to $740—a $15 increase over last year and $150 higher than in 2019."We've gone from ‘wait to buy' to a new marching cry of ‘buy now before prices and rates climb again,'” says Jonathan Smoke, chief economist at Cox Automotive.Ford has announced a temporary production pause for its F-150 Lightning until January 6, 2025. The decision reflects a strategic adjustment to align supply with actual market demand as the EV industry navigates a period of slower-than-expected growth.Ford sold 22,807 F-150 Lightnings in 2024, marking an 86% increase from last year. This performance places it well ahead of competitors like Chevrolet's Silverado EV (5,252 units) and Rivian's R1T (10,387 units).The pause at Ford's Dearborn, Michigan plant is designed to prevent overproduction and ensure dealerships are not overstocked with unsold inventory.Ford's strategy acknowledges that EV adoption is not growing as fast as earlier projections suggested, requiring automakers to balance innovation with market-driven production levels.As a Ford spokesperson explained: "We continue to adjust production for an optimal mix of sales growth and profitability."In a talk at the NeurIPS 2024 AI conference, former OpenAI Chief Scientist Ilya Sutskever reflected on the foundational 2014 paper that shaped modern AI—and looked ahead to where AI is going next.The era of pre-training is ending as AI is running out of quality internet data, marking the end of "Peak Data." As Sutskever put it, "Data is the fossil fuel of AI."Sutskever says we should expect smarter AI agents, synthetic training data, and models that think more like humans And that future AIs could have true reasoning, self-awareness, and unpredictable decision-making.Hosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email

Shoot us a Text.With only 3 Thursdays left in the year, we're covering how General Motors has shut down its robotaxi division. Plus, dealer sentiment is up now that we're past the election, and Google has announced a potentially massive breakthrough in quantum computing.General Motors (GM) has decided to shut down its Cruise robotaxi division after years of significant investment and high hopes. Once considered a $50 billion revenue opportunity by 2030, the move signals a shift in GM's strategic focus.GM shares briefly rose following the announcement, reflecting investor relief over reducing the estimated $10 billion spent on Cruise's development.Cruise employees were notified via Slack, linking to a press release titled “GM to refocus autonomous driving development on personal vehicles,” sparking frustration among the workforceGM plans to integrate some Cruise talent into its driver-assistance technology programs while doubling down on gasoline-powered trucks and SUVs, which remain its profit drivers.CEO Mary Barra defended the decision, stating: “We looked at the amount of money to deploy a robotaxi business and to maintain that business… it's quite a bit of capital. A robotaxi business is not GM's core business.”The latest Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) brings a wave of optimism among U.S. auto dealers, reflecting improving confidence in the industry despite lingering challenges in the current market.The market outlook index rose to 54, a substantial leap from 42 in Q3, marking the largest quarterly surge in CADSI history. Dealers credit political clarity and potential economic measures like tax rebates for the boost.Franchised dealers are more optimistic (index 50) compared to independent used-only dealers (index 39).The top concerns for dealers in Q4 2024 are economic conditions (56%), high interest rates (52%), weak market conditions (37%), the political climate (35%), and rising expenses (33%).“The recent resolution of political uncertainty...has cleared the path for a more optimistic outlook on future auto market conditions,” said Jonathan Smoke, chief economist at Cox Automotive.Google has unveiled Willow, its latest quantum computing chip, claiming a monumental breakthrough in error correction and computation speed. However, experts remain cautious, pointing out that quantum computing still lacks practical, real-world applications.Willow can solve a problem in 5 minutes that would take today's supercomputers 10 septillion years—far beyond the universe's age.Willow reduces errors exponentially as qubits (units of information in quantum computing, capable of existing as 0, 1, or a superposition of both simultaneously) scale, cracking a 30-year challenge in quantum error correction.Experts agree it's an exciting milestone but emphasize the need for a “ChatGPT moment” to unlockHosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email

Today on CarEdge Live, Ray and Zach discuss the latest data from Cox Automotive and Jeep, both of which are signaling alarm bells in the auto industry. Tune in to learn more.