Podcasts about p global mobility

Shoot us a Text.Today, we're bringing you the latest information on how tariffs could affect the auto industry, including the Commerce Secretary hinting that President Trump could exempt the auto industry. Plus, we're covering how Honda is bringing Civic production back to Indiana, and Paul and Kyle's wild adventures this weekend.Show Notes with links:In a primetime address to Congress, former President Donald Trump defended his sweeping tariffs, acknowledging a potential "adjustment period" but emphasizing the tariffs' role in boosting the U.S. economy. As many as 20,000 vehicles per day could be cut from North American production due to parts shortages and high costs.Parts stockpiles could run out within a week, even after companies moved as many parts as possible across the border ahead of the tariff deadline, according to Stephanie Brinley, principal automotive analyst at S&P Global Mobility.Many suppliers cannot absorb added costs and may push automakers to cover tariffs, potentially halting parts supply.Tariffs on steel and aluminum will increase to 25% on March 12, with further auto import tariffs possibly starting April 2.If tariffs persist, North American vehicle sales could drop 10%, and smaller suppliers might need financial assistance to survive.In an interview with Bloomberg this morning, Commerce Secretary Howard Lutnick hinted that President Donald Trump may exclude certain sectors, including autos, from the 25% tariffs on Canada and Mexico. The decision could favor industries that comply with the United States-Mexico-Canada Agreement (USMCA) content provisions.“My understanding is the Big Three say they produce cars that are compliant under USMCA, which means they have sufficient U.S content in them to be part of the USMCA agreement,”The White House celebrated a "Monday morning win" as Honda announced plans to move production of its Civic model from Mexico to Indiana, beginning in May 2028. The move was touted as part of "the Trump effect." The Indiana plant is expected to produce about 210,000 Civics annually.Honda did not confirm the change directly, instead emphasizing its ability to adjust production based on customer needs and market conditions, and highlighting its history of building the Civic in Indiana since 2008.Trump supporters, including economist Stephen Moore and Senator Jim Banks, praised the move as a sign that tariffs are driving "made-in-America" job growth.Senator Jim Banks stated, "President Trump has taken the ‘kick me' sign off the backs of our workers and manufacturers. This report is great news for Hoosiers and all Americans — and it's only just the beginning."Paul and Kyle made some trouble this past weekend, with Paul buying an EV and learning some valuable lessons about the state of charging infrastructure. Meanwhile, Kyle spent some time in NYC and visited a 3 Michelin Star restaurant. 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

Car Guy Coffee Podcast #5Liner feat. featuring: Madison Morgan This is a blend of Dealers, Vendors, and Voices in our incredible industry that are committed to seeing the Upshift and Uplift that we are committed to brewing about! Featured in each episode is are high quality selection of Car Guy's and Car Gals. In this brew we talk to featuring: Madison Morgan, Client Partner - Retail, Polk Automotive Solutions from S&P Global Mobility. Take a sip and enjoy, Let's Brew! Don't forget to share and subscribe! Brew Brought By Our Proud Sponsors At: www.drivecentric.comwww.fixedopsdigital.comwww.psxdigital.com

Jill is back in the studio this week, and opened the show by recapping her Rebelle Rally exploits. Visit the Car Stuff Podcast Facebook page for a link to pics from her trip. Tom shared august electric vehicle sales as reported by S & P Global Mobility. While Tesla still dominates the list, a few new vehicles are doing better than expected. Jill and Tom discussed the coming Ferrari F80 hyper car. Not only is the price breath taking, the car's engine is proving controversial. Still in the first segment, Tom shared his impressions of the Buick Envista small crossover. Is this bargain Buick too good to be true? Listen in. In the second segment, the hosts welcome Alex Knizek of Consumer Reports to the show. Alex walked Jill and Tom through the organization's list of most-reliable used-car brands, and called out several models as especially good used-car picks. In the last segment Jill is subjected to Tom's “Was it a Cadillac?” quiz, the hosts talk about Tesla slashing Cybertruck prices, and Tom shares a disturbing McDonald's drive-thru story. 

Shoot us a Text.We're up and at ‘em this Thursday morning as we report on dealer associations stepping up to help hurricane affected employees, plus we talk live with Richard Lupo of Apple Tree Honda and Acura about what it's like on the ground right now. We'll also cover how the port strike could have massive ripple effects on the supply chain and get a look inside Rove's new EV charging station.Automobile dealer associations across the U.S. Southeast have activated emergency relief funds in response to the destruction caused by Hurricane Helene, connecting with members and providing much-needed assistance.The NADA Foundation Emergency Relief Fund is coordinating with local dealer associations to assist affected employees with emergency grants up to $1,500, and NIADA has also activated its relief fund, with thousands of members impacted in Georgia, the Carolinas, and Virginia.This all comes as FEMA is warning that while it can handle immediate disaster relief, it lacks the funds to sustain recovery efforts through the rest of hurricane season.Richard Lupo is the Fixed Ops Director at Apple Tree Honda and Acura in Fletcher, NC, about 15 miles south of Asheville, and joins us live.The East and Gulf Coast port strike is threatening to severely disrupt the auto industry's supply chain, with delays expected to last well beyond the end of the strike. Each day of the walkout could create a weeklong backlog, impacting the industry for months."It's a multiplier effect," said Michelle Drew Rodriguez of Roland Berger, explaining how every day of lost shipping translates into significantly longer delays.Even if the strike ends soon, clearing the backlog will be challenging as all industries will be vying for limited port capacity, said Michael Robinet of S&P Global Mobility.VW's primary import ports are closed, but shipments are being diverted to Freeport, Texas, and Davisville, Rhode Island, where operations continue. If the strike continues into next week, they will consider shifting incoming shipments to the West Coast“Shifting shipments to the West Coast could be an option, but it would require a significant investment, involving rail cars and additional logistics, which comes at a steep cost," said Anu Goel, VW's EVP.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.Wednesday's here! We've got Michael Cirillo joining the show to talk about the first look at August sales numbers, what's happening on the chipmaker front in automotive and whether Canva's new price strategy will backfire.Show Notes with links:The auto industry is poised to post its highest sales volume of the year in August, projected to rise by 7-8%, thanks to strong demand for crossovers and hybrids, as well as Labor Day discounts and extra selling days.Hyundai sales surged 22%, led by an 81% increase in hybrid models, with the Santa Fe up 120% and Tucson up 97%. Kia's sales grew 4.3%Day supply is at 68 days, up from 54 a year ago.Average incentives are $3,035 per vehicle, up 60% from 2023. Only 13% of vehicles were projected to sell above sticker last month.Average transaction prices landed at $44,039, down $1,895 (4.1%) from August 2023Industry analysts forecast a SAAR of 15.2 million to 15.4 million vehicles for August, in line with last year but down from July's pace."New vehicle affordability remains the biggest obstacle," said Chris Hopson of S&P Global Mobility, citing high interest rates and slow vehicle price reductions.As cars evolve into rolling supercomputers, chipmakers Qualcomm, Nvidia, and Mobileye are at the forefront, competing to supply the technology that will drive the next generation of vehicles.Qualcomm's automotive revenue surged 87% to $811 million in Q2, thanks to its focus on connectivity and its "digital chassis" platform that supports in-cabin tech and driver-assist functions.Nvidia reported $346 million in automotive-specific revenue, a 37% year-over-year increase, though still less than half of Qualcomm's growth rate.Mobileye, known for its driver-assist and computer vision technology, posted $439 million in Q2 automotive revenue, a 3% decline from the same period in 2023, citing challenges in the Chinese market.Qualcomm's automotive pipeline is valued at $45 billion, based on customizable systems for automakers like GM, BMW, and Volvo.While Nvidia focuses on autonomous driving, Qualcomm is capitalizing on the growing demand for in-cabin experiences.Canva's aggressive integration of generative AI tools is driving up prices for its Canva Teams subscription by over 300%, leaving many users facing significant cost increases as the platform expands its offerings.Canva Teams users in the U.S. report prices jumping from $120 to $500 annually, while Australian users are seeing a 68% price hike.The price increases follow the rollout of AI tools like Magic Media and Magic Expand, which Canva claims add value to the platform's "expanded product experience."The new pricing has angered many users, some of whom are considering switching to Adobe or other alternatives.The changes come as Canva prepares for a potential public listing in 2026, following its acquisition of Affinity's creative software suite.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.Welcome to Wednesday as we cover the full restoration of CDKs DMS. We also talk about the big surge in hybrid loyalty, as well as a major insurance ultimatum set by State Farm to the State of California. Show Notes with links"We are ahead of the anticipated schedule, and as of this morning, substantially all dealer connections are live on the Dealer Management System," are words we're sure that felt great for CDK to say and for Dealers to hear as the company announced significant progress in restoring its DMS services to Dealers across the countryThe reboot is ahead of schedule as the company's target restoration date was July 3 or 4, with most dealer connections live as of July 2 after the June 19 ransomware attack impacted over 15,000 CDK customers in North America.Dealer Todd Szott, dealer partner at Szott Auto Group in metro Detroit and president of the Detroit Auto Dealers Association confirmed his stores are back online and processing transactions smoothly.Despite challenges, Szott's team exceeded their sales goal, selling over 500 vehicles in June.CDK has not disclosed if the cyberattacks involved the theft of sensitive customer information, and the company has declined to comment on reports of paying a ransom.On July 1, four dealerships and two consumers filed a federal lawsuit alleging compromised private information and business harm, with other related lawsuits pending.Customer loyalty to hybrid vehicles reached a record high in the first quarter while demand for electric vehicles remained flat. This marks the seventh consecutive quarter that hybrid loyalty has increased.42% of hybrid owners who returned to the market in the first quarter purchased another conventional or plug-in hybrid, according to S&P Global Mobility.Sales of conventional hybrids more than doubled in the quarter compared with a year earlier, with plug-in hybrid sales rising 59%, according to Cox Automotive.Conventional and plug-in hybrids made up about 11 percent of light-vehicle sales, a record high. In contrast, EV share was relatively flat at 7.2 percent, down from 7.3 percent in the first quarter of 2023."Cost is one of the biggest drivers of hybrid sales," said Thomas Libby of S&P. "Many hybrids have sticker prices under $30,000, while the average transaction price for an EV exceeds $57,000."John Iacono of BRAM Auto Group noted that "[Hybrids] take care of their sensitivity to the environment, but yet doesn't alter their lifestyle,"State Farm, California's largest insurer, has threatened to leave the state unless California's Department of Insurance approves significant rate hikes for home insurance. State Farm requested home insurance rate increases of 30% for homeowners, 36% for condo owners, and 52% for renters.If these demands are not met, State Farm will cease providing coverage in the state.Other insurers like Allstate and Farmers Direct have already limited coverage or exited the California market.More than half of Californians report risiHosts: 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

May Retail Sales May retail sales showed the economy is continuing to decelerate, which is exactly what I think we need to see. The release showed retail sales were up 0.1% compared to last month, which missed the estimate of 0.2%. When looking at May 2023, retail sales were up 2.3%. While this doesn't show a booming economy, I still believe it is a healthy level. Nonstore retailers continued see strong growth as sales were up 6.8%. It appears as the comparisons have gotten more challenging sales growth at food services and drinking places is slowing as sales were up 3.8%. It appears we have seen a turn in electronics and appliance stores as sales were up 1.8%, but furniture and home furnishing stores (-6.8%) and building material and garden equipment and supplies dealers (-4.3%) remained the two weakest groups in the report. Overall, I think this report should provide further evidence that a rate cut by the Fed should be warranted as we exit the year.  Annuities I have always cautioned people when it comes to annuities. Over my 40 years of financial experience, I have seen annuities sold to people by companies that later went through bankruptcy and insolvency. Two companies come to mind, Baldwin United and Executive Life Insurance Company. After these bankruptcies some policy holders only received 2/3 or so of their investment and no interest at all. I was curious how some annuities were paying high yields over the last few years with interest rates so low. Thanks to an investigative team from Barron's, they discovered a report from the Federal Reserve Bank of Chicago dated June 3rd that life insurers are relying more heavily on private placements and generally higher yielding securities that are exempt from federal reporting requirements and are lacking an active secondary market. According to the report, private placements now are about 20% of all life insurance bond holdings, which is up from 15% just five years ago. I believe holders of these annuities have no idea that their annuity is backed by private loans from soccer teams, film financing, and even sports broadcast rights. They are definitely far riskier than the old insurance companies that would invest in good quality equities along with highly rated bonds. Consumers need to be aware because in the brochures that are given by the sales people who have no idea what's in the portfolio, they're still saying these are as safe as CDs, savings bonds, money markets, and treasury bills. Unfortunately, that is not the case and I believe down the road we could be reading about seniors who were depending on these annuities for their retirement and they have stopped receiving income from the annuity and/or have lost some of their principal. My recommendation is to understand what you're investing in and make sure the investment advisor you're dealing with is knowledgeable about the investments and not just selling you a product for a big commission or a trip to Australia or Morocco as some annuity companies have given as an incentive to their brokers with the best sales. It's always best to deal with an investment advisor who is 100% a fiduciary.  New Car Sales Maybe you're driving around in a car that is six- or seven-years old thinking gosh my car is old, perhaps I should replace it with a new one. Well don't be in too much of a hurry. The age of your car is well below the average vehicle on the road which is currently 12.6 years as reported by S&P Global Mobility. That Is up from the average age of 11.2 years just 10 years ago. This is caused by many factors, not just the average cost of a new vehicle which is around $47,000. You also have higher interest rates, your registration will be higher, and insurance premiums could increase by double digits with a new car. There are some people who just don't want the hassle of going to buy a new car and having to deal with the car sales person that could put a lot of pressure on them. Some people flat out just don't like the new cars and they miss the old buttons and easy access to turn things on and off as opposed to the new touchscreens and technology that can take hours and hours to learn. New car sales have done well over the last few years and probably will continue to stay strong for years to come, but there are a few people out there that are just resisting the technology and will stay with their current vehicle for many more years to come. Navigating the Social Security Earnings Limit Social Security can be collected between the ages of 62 and 70, but if you apply before your “full retirement age”, which is usually 67, you will be subject to an earnings limit. This rule states that for every $2 of earned income, such as wages, you have above the annual limit of $22,320, $1 of your Social Security will be withheld from you. This limit does not include retirement income like pensions, interest, capital gains, dividends, or IRA withdrawals. Also, once you reach your full retirement age, this rule no longer applies meaning you can continue to work without any benefit reduction. If you do have Social Security benefits reduced due to this earnings limit, once you reach age 67, you will receive a credit for the benefits you did not receive and your monthly payments will be permanently increased to compensate for it. In other words, the benefits are not totally lost, just deferred until your full retirement age. This might happen if you retire and return to work, or simply apply for Social Security before you retire. Most people retire partway through the year, so it is common for wages in the first half of the year to exceed the $22,320 limit. However, there is a second component to this earnings rule which states if you apply for Social Security in the same year you retire, as long as your monthly earnings are less than $1,860 once you begin Social Security, there will be no reduction. It is also important to note that this earnings rule is the main reason your “full retirement age” is significant. It is a misconception that it is better to wait until full retirement age to collect when in reality every month you wait beyond age 62 up until 70 your benefit amount increases. If you are retired, your full retirement age is irrelevant as the earnings limit will no longer apply.     Stocks Discussed: Dave and Busters (PLAY), Airbnb (ABNB) and Rivian (RIVN)

Shoot us a Text.We are on day 3 of dealers banding together to keep the doors open at CDK powered rooftops and the energy could not be better! Today we are looking at the impact lease returns will have on used inventory, the rise of EV registrations recently, and a TikTok car shopping myth buster is making waves.Show Notes with links:Dealers are bracing for a significant decline in lease turn-ins, a lingering impact of the COVID-19 pandemic. This reduction threatens new-vehicle sales, certified pre-owned (CPO) programs, and customer retention.Lease turn-ins will decline starting next month, impacting new-vehicle sales and CPO programs.The leasing rate dropped dramatically in mid-2021, from 1 in 3 new vehicles to as few as 1 in 6.Analysts predict used-vehicle supply won't return to 2023 levels until the end of the decade.The reduction will hit GM dealers later in 2024, while Toyota dealers will feel the impact in 2026."Three-year-old off-lease vehicles are the backbone of the used-car market," J.D. Power's Jominy said. "Even though we will still see [used-vehicle] prices fall because we're unwinding the COVID supply chain dynamics still in the industry, [the lack of lease turn-ins] is going to help support the bottom of the market, so we're not going back to where we were previously," in terms of used-car prices. [Source: Automotive News]Despite concerns of a market cooldown, electric vehicle sales continued to grow in April, with notable contributions from Ford, Rivian, and Toyota. Drastic price cuts and incentives led to over $10,000 in savings on some models, boosting EV registrations by 14%.EVs accounted for 7.4% of total light-vehicle registrations, outpacing the overall market's 7.3% gain.The Toyota bZ4X saw a 646% increase in registrations, leading the surge, while Ford's Mustang Mach-E and F-150 Lightning were up 287% and 96%, respectively.Rivian's R1S and Hyundai's IONIQ 5 also saw impressive increases, with 127% and 93% growth."Automakers are bringing EV prices down to the ICE level and it's moving the merchandise,” said Tom Libby, associate director of industry analysis at S&P Global Mobility.TikToker and car salesperson Ash has shed light on why some consumers might be hesitant to test drive cars at dealerships, providing valuable insight for dealers.Ash warned consumers that they may form an emotional attachment to a car during a test drive and “take mental ownership” of the car, which can lead to impulsive purchasing decisions.She also talked about how prolonged dealership visits might be a tactic to wear customers down and push for a quicker sale.Some commenters suggested to test drive, leave, and then research and negotiate remotely to avoid high-pressure sales environments.While some buyers see test drives as essential, others believe avoiding them prevents buyer's remorse, especially for used cars.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.Welcome to Wednesday as we discuss the rising age of vehicles in the U.S., political attacks in Ohio's Senate race targeting a former car dealer, and how Gen Z workers' values align closely with those of their older colleagues. Show Notes with links:The average age of vehicles in the U.S. has climbed to a record 12.6 years, with the total number of vehicles in operation increasing to 286 million as of January 2024.The average vehicle age rose by two months from the previous year, continuing a seven-year trend.Only 88 million vehicles were 1 to 5 years old in January 2024, down from 90.3 million in 2023.There are 110 million vehicles in the prime aftermarket service range, aged 6 to 14 years.Factors driving the increase include better vehicle quality, high prices, COVID-19 impacts, and hesitancy to buy EVs.Todd Campau of S&P Global Mobility noted, "Really, the main driver was the pandemic and the supply chain" .Ohio Sen. Sherrod Brown's new ad targets Republican challenger Bernie Moreno's past as a car dealer, sparking backlash from auto dealers who support Moreno's campaign.Brown's ad claims Moreno was untrustworthy as a car dealer and shouldn't be trusted as a senator.Auto dealers argue Brown's comments insult the hardworking employees in the auto sales industry.Tim Glockner of Glockner Chevrolet stated, "Sherrod Brown's comments are a slap in the face to hardworking Ohioans in the auto sales industry."Moreno, endorsed by former President Trump, has become the Republican nominee in a highly competitive race."Thousands of Ohioans are employed in various capacities across the auto industry, and our senior senator chose to mock our jobs on the airwaves," said Joseph Chapman of Chapman Ford Contrary to popular belief, Gen Z workers have many of the same aspirations and values as their older colleagues, focusing on decent salaries, meaningful work, and work-life balance.A study by Seramount found that Gen Z workers value work-life balance and flexibility, with a desire to be in the office for the social interaction and learning…but maybe not everydayOnly 11% of Gen Z want to work remotely full-time, compared to 34% of older workers.Financial stability is important across generations, with 51% of Gen Z and 47% of older workers prioritizing salary.Gen Z workers also seek strong relationships with their supervisors and aim for leadership roles.Jon Veasey-Deters of Seramount noted, "Gen Z is not that different from other generations. We're just the newest one" .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

According to a new study, Texas is among the worst states in the country in which to own an electric vehicle. In fact, it's the second worst, ahead of only Washington state, says the research team at EV Charger Reviews. The group used six factors to rank states – electric vehicles per charging port, charging ports per square mile, average electricity cost, money saved annually when owning an electric vehicle, EV per service center, and tax credits. Texas landed in the bottom 10 for three of the six, though it did rank 15th in average electricity cost. Earlier this month, Audacy's quarterly conversation focused on the state of the environment. Jeff Gilbert of Audacy's WWJ in Detroit spoke with analysts Stephanie Brinley of S&P Global Mobility and Sam Abuelsamid from Guidehouse Insights about the Motor City's relationship with electric vehicles.

According to a new study, Texas is among the worst states in the country in which to own an electric vehicle. In fact, it's the second worst, ahead of only Washington state, says the research team at EV Charger Reviews. The group used six factors to rank states – electric vehicles per charging port, charging ports per square mile, average electricity cost, money saved annually when owning an electric vehicle, EV per service center, and tax credits. Texas landed in the bottom 10 for three of the six, though it did rank 15th in average electricity cost. Earlier this month, Audacy's quarterly conversation focused on the state of the environment. Jeff Gilbert of Audacy's WWJ in Detroit spoke with analysts Stephanie Brinley of S&P Global Mobility and Sam Abuelsamid from Guidehouse Insights about the Motor City's relationship with electric vehicles.

The JSW Group-MG Motor wants to bring the “Maruti moment” to the Indian EV industry. The steel major and Chinese auto giant have ambitious targets of flooding the market with new, flashy models and clocking 1 million sales volume by as early as 2030. The number is several multiples of the total EVs sold in India last year. Are these realisable targets? Will the partnership help MG to expand in a market that doesn't look kindly to Chinese entities? Are there more Indo-Chinese auto partnerships in the offing? Host Anirban Chowdhury breaks it down with Puneet Gupta, Director - S&P Global Mobility, Shally Seth Mohile, and Rajiv Ghosh of Economic Times. Also listen to excerpts of an exclusive interview with Rajeev Chaba, president, MG Motor India only on the latest episode of The Morning Brief podcast! If you like this episode from Anirban Chowdhury, check out his other interesting episodes on Fatigued & Flying: Why tired pilots are a wake-up call, Vizhinjam Port: Can Adani make India a global shipping hub?, Bhilai to Burj: The Rs. 5,000 Cr Bollywood Studded Mahadev Book Scam and more! You can follow Anirban Chowdhury on his social media: Twitter and Linkedin  Catch the latest episode of ‘The Morning Brief' on ET Play, The Economic Times Online, Spotify, Apple Podcasts, Amazon Music and Google Podcasts. See omnystudio.com/listener for privacy information.

It's Tuesday and we're talking about customer loyalty coming back according to a new market study. We're also covering a Toyota engine that actually captures carbon, as well as the resilience of Small Business Owner Optimism. Owner loyalty is making a comeback as General Motors and Tesla lead the pack in S&P Global Mobility's 28th Annual Automotive Loyalty Awards, with GM capturing the Overall Loyalty to Manufacturer award and Tesla shining in Overall Loyalty to Make.Tesla also walked away with awards for: Ethnic Market Loyalty to Make, Highest Conquest Percentage, Alternative Powertrain Loyalty to MakeThe Ford F-Series* took the top spot for light duty trucks, while the GMC Sierra 2500/3500 topped the heavy duty truck segmentAfter several years of steep declines, S&P's analysis of over 12.6 million new vehicle registrations signals a rise as loyalty levels have stabilized and are on the rise for the first time since 2019, as manufacturers enhance retention strategies and inventory levels improve.The Lincoln Nautilus is claiming the spotlight in the newly established Overall Loyalty to Model category, highlighting its appeal to loyal customers.S&P Global Mobility president of automotive insights Joe LaFeir said in a news release, “The past few years have shown us customers are becoming more comfortable to consider and purchase a new vehicle outside their preferred brand,” but continued that OEMs focused efforts are being effective to combat the trendToyota has been working on an engine that's actually carbon negative, introducing a groundbreaking carbon capture technology that cleans the air as you drive.Toyota is pioneering carbon capture engine technology in the GR Corolla race car, potentially making engines carbon neutral or even carbon negative.This cutting-edge hydrogen powered combustion engine actually captures carbon dioxide directly from the air through a special filter without requiring additional energyDespite the hurdles in commercialization and the technology currently removing only small amounts of CO2, but it's a great startWhen it comes to optimism about the economy, small business owners are leading the way, showing resilience in the face of inflation concerns, according to the latest CNBC SurveyMonkey Small Business Confidence Index.Small business owners are remaining upbeat about the economic outlook, with the CNBC SurveyMonkey Small Business Confidence Index reaching its highest level since President Biden took office.Despite ongoing inflation worries, 35% express confidence in the Federal Reserve's ability to manage inflation, and 29% believe inflation has peaked.The survey reveals a 5% increase from last quarter in those rating the economy as "excellent" or "good," signaling a robust 18% year-over-year improvement in economic optimism.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 ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

Next up on our series of podcasts from the NADA Show 2024 exhibit hall is a conversation with Wendy Engelhardt, strategic Solutions manager at automotiveMastermind. Wendy and Cherokee Media Group senior editor Joe Overby discuss how fellow companies within the S&P Global Mobility umbrella work together, how automotiveMastermind has evolved since its 2012 launch, how the company is helping dealers with their used-car inventory and much more.

In another special sponsored episode of the Auto Remarketing Podcast, we welcome back Rusty West, co-founder and vice president of Market Scan, which part of S&P Global Mobility. West shared his perspectives on what he anticipates will be one of the most talked about subjects at NADA Show 2024, but likely for most of the year. It's the CARS rule from the Federal Trade Commission that's set to add more regulation to explanations of monthly payments, advertising and other parts auto retailing. The rule is scheduled to go into effect in July.

At the heart of The Prophets' vision are “The 24 Essential Supply Chain Processes.” What are they? Find out, and see the future yourself. Click here In this episode of the Automotive Supply Chain Prophets podcast, hosts Terry Onica and Jan Griffiths converse with Michael Robinet, Executive Director at S&P Global Mobility. They discussed recent disruptions in the automotive supply chain and the impending challenges transitioning from Internal Combustion Engine (ICE) to Battery Electric Vehicles (BEV).Michael breaks down the industry complexities, talking about the challenges like making electric cars affordable, the unclear timeline for widespread use, and the evolution of autonomous vehicles. The episode shifted its focus to the potential impact on lower tiers of the supply chain, discussing concerns about the readiness and strategies of suppliers. The conversation also explores the global landscape of BEV adoption, focusing on major markets, each progressing at its own pace due to varying factors.Additionally, attention is drawn to the changing dynamics in the automotive market, where traditional OEMs face competition from new entrants, especially from China, leading to shifts in global market volumes. The episode underscores the significance of careful planning, scenario analysis, and attention to supply chain details. It highlights the need for operational efficiency and diversifying customer bases as essential survival strategies for suppliers in the changing automotive industry.Themes discussed in this episode:Automotive supply chain disruptionsImpact of the disruptions on both OEMs and suppliersGlobal landscape of BEV adoptionTransition from ICE to BEVImpact of the massive transition to lower tiersCompetitive dynamics and new entrantsStrategic planning and operational efficiencyFeatured on this episode: Name: Michael RobinetTitle: Executive Director, S&P Global MobilityAbout: Michael is the Executive Director at S&P Global Mobility Consulting. With over three decades of experience, Michael is a leader and innovator in automotive research. In his role, he collaborates with decision-makers in supplier strategy, global production forecasting, and analyzing sourcing and production strategies for entities across the global auto ecosystem.Connect: LinkedInMentioned in this episode:NAFTAPlante Moran studyEpisode Highlights:[02:29] Automotive industry's shift to electric mobility: Michael discusses the ongoing transition from Internal Combustion Engine (ICE) to Battery Electric Vehicles (BEV) and the global challenges and opportunities it brings. Michael provides insights into the industry's journey, addressing disruptions, regional variations, and the crucial role of affordability in shaping the future of electric mobility.[08:57] Supply chain transformation: An exploration of the automotive industry's future where emerging players like BYD and VinFast are

Electric vehicles, or EVs, have been hailed as the future of transportation. They promise cleaner air, reduced dependence on fossil fuels, and a seismic shift in how we commute. But as we navigate this high-speed journey towards an electric future, there are certainly some speed bumps ahead, whether it's concerns about range anxiety, the availability of charging infrastructure, or simply the price tag of EVs.Charlie Lilford, Portfolio Manager for BlackRock's Fundamental Equities business, joins host Oscar Pulido to talk about the rate of adoption of electric vehicles across the world. and where he sees the most exciting investment opportunities.Sources: IEA, July 2023; S&P Global Mobility, May 2023; US Department of Transportation, data for 2022; BlackRock Fundamental Equity analysis, with data from China Passengar Car Association, Oct. 2022; BlackRock Fundamental Equity analysis, with data from IEA, April 2023See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

En cuestión de movilidad eléctrica existen competidores que igualan e incluso superan los atributos de Tesla, sin embargo y de acuerdo con un estudio de S&P Global Mobility, la marca de Elon Musk se alza nuevamente como la marca que prefieren los consumidores de vehículos eléctricos.

We are still in Miami for a few more moments as NAMAD wrapped up yesterday evening. We are carrying the energy from the event right into Friday as we recap the DVL awards and check in on what is up in Ford's world.Show Notes with links:"We have reached our limit," Kumar Galhotra, president of Ford Blue said to reporters on Thursday. He continued, "We've actually stretched ourselves to get to this point. … We're open to moving some money around within the deal that might fit the union's needs better. But broadly speaking, from an overall cost of the deal perspective, yes, we're there."Despite raises of 23% for hourly workers and a $21 starting wage for temps, the UAW expanded its strike, targeting Ford's Kentucky Truck Plant late WednesdayThe ongoing strike could impact Ford's $25 billion annual revenue from the plant and affect over 100,000 workers. Negotiations continue, with UAW President Shawn Fain set to provide an update on Friday.BlueOval SK, a collaboration between Ford and SK On, has announced wage increases at their upcoming Tennessee and Kentucky battery plants, with potential earnings reaching up to $37.50 an hourThis wage revision aims to be more competitive with the current market, as stated by BlueOval SK's human resources director Neva McGruder Burke.The wage range for their plants in Stanton, Tenn., and Glendale, Ky., has increased from $21-$29 to $21-$37.50.Hourly workers are eligible for pay increases every six months until they reach top wages.Additional benefits for hourly workers include up to 5% annual bonuses, affordable medical premiums, 401(k) matches, vehicle discounts, and vision/dental insurance.The 2023 Diversity Volume Leadership Awards celebrated the manufacturers being attentive to minority vehicle buyers and outshining rivals.Marc Bland and Damon Lester founded the DVLs a decade ago to emphasize the importance of diverse consumers in the auto industry.The awards theme, "The Future Majority," reflects the U.S. Census prediction of minorities becoming the majority by 2045.22 brands were honored this year across all vehicle segments, chosen based on US Census and S&P Global Mobility data, showcasing the significance of diversity in the automotive sector.The winner of the most coveted award of the evening, The Top Overall Future Majority Vehicle, went to the Toyota RAV4 (racking up Toyota's total to 6 awards from the event).The new BEV segment this year was the Chevrolet BoltHosts: 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 ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

We're doing a burnout into the last last of August as we approach the end of Summer 2023. Today we'll give you a lightning strike update on the UAW. We also talk about the rise of hybrids, the first sighting of a Supercharger with a screen, as well as an unusual brand collab. ICYMI: UAW members at Detroit 3 have authorized a strike if contract talks break down by September 14. About 97% of votes were in favor, but UAW President Shawn Fain clarified the goal is to achieve good contracts, not necessarily to strike.In what seems to be actual common sense, Ford, Toyota, and Stellantis plan to build and sell hundreds of thousands of hybrid vehicles in the U.S. over the next five years, as an alternative for customers seeking more sustainable transportation but not ready for full electric vehicles. This comes as Dealers are facing a lack of demand from less affluent customers, they are increasingly turning away EV inventory to avoid unsellable stock.Scott Kunes, the chief operating officer of Kunes Auto and RV Group, which sells Detroit brands as well as Nissan and Mitsubishi in the Midwest recently told Insider, "We have turned away EV inventory,". "We need to ensure that we have a good turn on it."S&P Global Mobility estimates that hybrids will account for 24% of U.S. new vehicle sales in 2028, pure electrics 37%, and combustion vehicles, including mild hybrids, nearly 40%.A new  video reveals Tesla's Supercharger V4 with tap and go payment in action for the first time, although Tesla has not officially unveiled the charger and its specsThe video was posted by James Court, CEO of EVA England, an online community who supports EV drivers in the UK as he was invited to try the new publicly available charger in Tottenham on Ravenside Retail Park near LondonThe Supercharger V4 has a 350 kW charging capacity and includes a screen and a payment system for the first time, a notable change as Tesla previously managed payments via its app.Here's a story summar directly from Retail Wire: “Lockheed Martin, the American aerospace and arms company, has surprised many as it appears to have its logo featured on a streetwear collection being sold online in South Korea. The collection, including shirts, hoodies, and jackets, is sold by South Korean company Doojin Yanghang Co. The move has sparked a mix of shock, disbelief, and humor on social media platforms like X and TikTok, with users mocking the unusual crossover between a defense company and fashion, given Lockheed Martin's association with military products.”The company claimed to have acquired the official Lockheed Martin license brand through an agency.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 ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

We're power sliding into Monday as we talk about some record auto loan dept numbers. We also contrast that against the ongoing labor contract discussions. And did you know Rivian's are burning through rubber at an alarming rate?A record $1.5 trillion in auto loan debt looms over the U.S., with over 100 million Americans having some sort of auto loan. Continuing factors like residual pandemic effects on supply chains, the Fed's increasing rates and other economic shifts have escalated car ownership costs, leading to increased concerns about lending practices and growing consumer dissatisfaction.In 2023, the average monthly loan payment for new vehicles increased to $725…up from $650 in 2022. Used monthly payments are also up 2-3% YoY to $516 According to a CNN article, new auto loan delinquencies are rising and reached 7.3% in Q2 up from 6.9% in Q1. Additionally, Moody's warns that new credit card and auto loan delinquencies will both continue “rising materially,” peaking in 2024 at between 9% and 10%, compared with 7% pre-Covid.Stellantis' ambitious goal to produce a $25,000 EV is colliding with the United Auto Workers union's demands for better wages and benefits. As industry experts weigh in on the feasibility of such a price point, tensions rise over balancing affordability, profitability, and worker compensation in the evolving EV market.Stellantis' CEO Carlos Tavares emphasizes the importance of a $25,000 EV for job protection and absorbing additional costs, while UAW President Shawn Fain counters, stating, "Stellantis' business model is broken, and until they fix it, they'll never hit that $25,000 target."Industry experts, like Doug Betts of J.D. Power, suggest that achieving a $25,000 EV might require significant cost reductions and minimalistic designs, similar to Tesla's interiorsStephanie Brinley from S&P Global Mobility and Sam Fiorani from AutoForecast Solutions believe that producing a profitable EV at this price point is a long-term goal, possibly a decade away, and that immediate profitability for legacy automakers is unrealistic.The Rivian RT1 and R1S pickups that have progressive styling and a lot of power are receiving rising complaints on many Rivian driver's forums about the rate at which they are burning through tires with some owners having to replace tires rated by the manufacturer for 50k miles, as early as 6000 milesThe excessive front tire wear is linked to Rivian's “Conserve” drive mode, which switches the vehicle to front-wheel drive and lowers the ride height to maximize range.The lowered ride height in Conserve mode results in toe-in and increased negative camber, leading to accelerated and uneven tire wear.Recommendations include adjusting alignment and regular tire rotations to mitigate wear.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 ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

TOPIC: Customer Loyalty and Tesla; PANEL: Tom Libby, S and P Global Mobility; Joe White, Reuters; Gary Vasilash, on Automotive; John McElroy, Autoline.tvThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3270298/advertisement

Nicole is travelling again this week so our friend Stephanie Brinley from S&P Global Mobility is filling in. Stephanie has been driving the Lexus LC500 while Robbie had the Lamborghini Urus Performante. Sam meanwhile had to make do with a Corolla, the GR Corolla Morizo edition. Steph and Sam both drove the 2024 Ford Mustang… Read More »It’s Mostly New

A number of companies have been established to provide a second life for electric vehicle (EV) batteries. But industry experts say such businesses could face major difficulties, even as the EV market continues to grow. Reuters news agency reports nearly 50 startup companies have been launched with the aim of buying used EV batteries and reselling them to be used for new purposes. In addition, large carmakers, such as Mercedes and Nissan, have set up their own operations to give EV batteries a second life. The companies' founders believe they can find new purposes for used EV batteries from vehicles. The businesses will seek batteries that have been in use for eight to 10 years. The capacity of EV batteries generally falls below 80 to 85 percent during those years. Then, the companies will repurpose the batteries and sell them.许多公司已经成立，为电动汽车（EV）电池提供第二次生命。 但行业专家表示，即使电动汽车市场持续增长，此类企业也可能面临重大困难。路透社报道称，已有近 50 家初创公司成立，旨在购买废旧电动汽车电池并将其转售以用于新用途。 此外，梅赛德斯和日产等大型汽车制造商已经建立了自己的业务，为电动汽车电池提供第二次生命。这些公司的创始人相信他们可以找到废旧电动汽车电池的新用途。 这些企业将寻求已经使用八到十年的电池。 在这些年里，电动汽车电池的容量通常会下降到 80% 至 85% 以下。 然后，这些公司将重新利用电池并出售它们。But experts say there is currently a shortage of old EV batteries and this situation is expected to continue in the foreseeable future. One reason for this is that many people are keeping their vehicles for a longer time. Financial research company S&P Global Mobility notes that EV vehicle owners in the United States are keeping their cars a record 12.5 years. This suggests to experts that many EVs will also stay on the road for years to come even if their batteries are working below capacity. Hans Eric Melin is the creator of advisory company Circular Energy Storage, which follows battery sales and prices. He told Reuters the idea "that EV batteries are only going to last eight-to-10 years and then owners would swap them out is just not true." Melin added, "It's going to be tricky to make second-life work."但专家表示，目前旧电动汽车电池短缺，预计这种情况在可预见的未来将持续下去。 原因之一是许多人保留车辆的时间更长。金融研究公司 S&P Global Mobility 指出，美国电动汽车车主的汽车保有时间达到创纪录的 12.5 年。 这向专家表明，即使电池工作低于容量，许多电动汽车也将在未来几年内继续行驶。汉斯·埃里克·梅林 (Hans Eric Melin) 是循环能源存储咨询公司的创始人，该公司跟踪电池销售和价格。 他告诉路透社，“电动汽车电池只能持续八到十年，然后车主就会更换它们”的想法是不正确的。 梅林补充道：“让第二人生继续下去会很棘手。”Elmar Zimmerling is the business development manager for automotive at German second-life battery startup Fenecon. He told Reuters that since many EVs built 10 years ago remain in use, there is currently "no market for second-life batteries." But he predicted a flood of used batteries within the next five years. Another issue is that competition from companies using EV batteries to power everything from gasoline-powered vehicles to boats have driven prices up for used batteries. Circular Energy Storage estimates this pushed prices to $235 per kilowatt hour in late 2022. This is about double the price major carmakers pay for new batteries.Elmar Zimmerling 是德国二次电池初创公司 Fenecon 的汽车业务开发经理。 他告诉路透社，由于许多 10 年前生产的电动汽车仍在使用，目前“二次电池没有市场”。 但他预测未来五年内废旧电池将大量涌现。另一个问题是，使用电动汽车电池为从汽油动力汽车到船舶等各种产品提供动力的公司的竞争导致废旧电池的价格上涨。 Circular Energy Storage 估计，这会将价格推至 2022 年底每千瓦时 235 美元。这大约是主要汽车制造商购买新电池价格的两倍。One example is the long-range Tesla Model 3, which has a 75 kilowatt hour battery. At the estimated rate, the Tesla battery would cost $17,625 on the used market. Some experts say it could even be more profitable for companies to sell needed battery elements rather than whole batteries. "The ... question is, if you have pretty valuable raw materials in a battery and you ask 'how can I get the most out of it?'” said Thomas Becker. He is the head of sustainability at German carmaker BMW. The company has a second-life battery storage facility at its Leipzig plant. The answer, Becker said, “is recycling might be better."一个例子是长续航特斯拉 Model 3，其电池容量为 75 千瓦时。 按照估计，特斯拉电池在二手市场上的售价为 17,625 美元。一些专家表示，对于公司来说，销售所需的电池元件而不是整个电池可能更有利可图。“问题是，如果你的电池中有非常有价值的原材料，你会问‘我怎样才能充分利用它？'”托马斯·贝克尔说。他是德国汽车制造商宝马的可持续发展主管。 该公司在莱比锡工厂设有二次电池存储设施。贝克尔说，答案是“回收可能会更好。”

It's EV News Briefly for Friday 30th June. I'll be back as usual at 5pm UK time, that's Midday Eastern, for the full podcast.  Patreon supporters get the episodes as soon as they're ready AND ad free. You can be like them by clicking here. Polestar has announced that it will adopt Tesla's North American Charging Standard (NACS), joining other automakers like Ford, General Motors, Rivian Automotive, and Volvo Cars. This agreement will give Polestar drivers in the United States and Canada access to Tesla's Supercharger network. Volkswagen is currently in discussions with Tesla about potentially adopting Tesla's North American Charging Standard (NACS). Volkswagen's EV charging network unit, Electrify America, has already established over 850 charging stations in the US and Canada. Electrify America, the second-largest electric vehicle fast-charging network in the US, plans to add Tesla's connector to its charging stations, aiming to adopt Tesla's plug as the industry standard. By 2025, Electrify America aims to incorporate Tesla's connector into both existing and future chargers. Blink Charging, a provider of electric vehicle charging solutions, has announced plans to integrate the North America Charging Standard (NACS) by Tesla into its entire product range. The company aims to make all its charging products NACS compatible by October 2023. According to a study by J.D. Power, Tesla's chargers are more reliable than those of its competitors. Tesla vehicle owners reported the highest satisfaction with public charging, scoring 734 on a 1,000-point scale. Chevrolet has announced that the base trim of the 2024 Silverado EV will start at $50,000. However, the actual MSRP is subject to change, and there will be different price ranges available to cater to buyers' needs. Germany is planning to allocate up to 900 million euros in subsidies for the expansion of electric vehicle charging stations for households and companies. The country aims to have one million charging points by 2030. South Korean battery supplier LG Chem is expanding its main plant in Holland, Michigan to increase its production output of lithium-ion batteries for electric vehicles (EVs) from 5 gigawatt hours to 25 gigawatt hours. Tesla's upcoming refreshed Model 3 is rumored to feature CATL's new M3P LFP cells, which are expected to increase the vehicle's range. CATL has become one of Tesla's main battery manufacturers. Tesla is reportedly examining StoreDot's XFC Extreme Fast Charging battery technology. StoreDot is an Israeli startup known for producing EV batteries capable of rapid charging. Suzuki's first electric vehicle for global markets has been spotted in images ahead of its planned launch in 2025. The production car closely resembles the EVX concept unveiled earlier in India. Aston Martin is making changes to its supplier network as it prepares to develop its electric car platform. It has decided to source parts from its shareholder, Geely, in an effort to cut costs and expedite the arrival of its electric vehicles. The EU parliament has approved new legislation aimed at making electric vehicle (EV) batteries more environmentally friendly and efficient. The regulations will impact the design, production, and waste management of all batteries sold in the EU. Toyota has fallen in brand loyalty rankings in the United States, dropping to seventh place in a study by S&P Global Mobility. This demotion was partly due to customers defecting to Tesla. The UK is set to gain its first lithium mine in Cornwall through a joint venture between British startup British Lithium and French mining company Imerys. The mine aims to produce enough lithium for 500,000 electric cars per year by the end of the decade. Domino's Pizza is set to have the largest electric pizza delivery fleet in the US, with over 1,100 custom-branded Chevy Bolt electric vehicles planned for use by the end of the year. The electric vehicles provide various benefits including longer battery life, zero emissions, advanced safety features, and lower maintenance costs.

Welcome to Thursday, racers. Today we're talking about the challenges around current subprime lending, Toyota's big sales bump, and a giant commuter drone that is one step away from reality. Show Notes with links:According to Experian, Dealerships are finding it harder to secure subprime auto loans due to a decline in subprime customers obtaining auto loans and leases as factors like inflation, rising gas prices, and ending stimulus funds have affected consumers' creditworthiness and increased debt-to-income ratios, with many turning to credit cards for financial support.The proportion of subprime used-vehicle loans has reached near-record lows, with such borrowers only involved in 14% of loans and leases on new and used vehicles in Q1 2023.The increase in late auto loan payments among subprime borrowers is higher than during the late 2000s recession, according to an S&P Global Mobility analysis of TransUnion data."What we're seeing now is some of the lowest FICO scores ... we've seen in years. Consumers who might have qualified for loans in the past are "not even close," said Michael Opdahl, COO for Automotive Credit CorpToyota's global sales saw a significant increase in May as both parts and supply shortages seem to be letting up. The company reported a 10% global sales increase in May 2023, selling a total of 838,478 vehicles attributing the increase to an improved supply of chips and other partsIn Japan, sales surged by 35.1% to 116,954 units.Global sales of hybrid cars grew by 25.8% year-on-year, reaching 261,147 units, almost one third of total vehicles sold last month. The company sold 9,923 battery electric vehicles worldwide in May, making the five-month total in 2023 reach 35,980 units.California based, Joby Aviation has received approval from the FAA to begin flight testing its electric air taxi prototype, moving closer to commercial operations, targeted for 2025. The company's business model is akin to a rideshare app. It's set to compete in a growing market of electric vertical takeoff and landing (eVTOL) aircraft manufacturers.Tetsuo Ogawa, the CEO of Toyota North America, will join Joby Aviation's board. Toyota is the company's largest external shareholder, with an investment of around $400 millionThe company is set to begin passenger operations in 2025As part of a $131 million contract with the U.S. Air Force, Joby will deliver its first two electric aircraft in March 2024 after initial testing at Edwards Air Force BaseShares jumped 26% on the newsGet 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 ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

It's a beautiful Tuesday in the car biz as we talk about Dealers banding together to clarify EV credits. We also talk about Rivian and Tesla taking a few pages out of the old school automotive playbook. Show Notes with links:In an attempt to clarify EV battery sourcing guidelines, the National Automobile Dealers Association and the Alliance for Automotive Innovation are urging the U.S. Treasury to adjust its definition of "placed in service". They argue the current interpretation limits the effectiveness and application of the electric vehicle tax credit. The proposed changes aim to ensure EVs remain eligible for credits, even when they are manufactured in a different calendar year to delivery.The rules could affect EVs that meet battery content requirements for one year but are delivered to buyers in a year with increased requirements.In 2024, batteries manufactured by excluded entities, which could include companies controlled by China will be ineligibleIn 2025, those with ‘critical minerals' will also be made ineligibleIn a move that sounds awfully familiar to those of us in the retail auto industry, electric vehicle startup Rivian has launched an in-person shopping event as it directly invites buyers to its factory parking lot to browse, buy, and actually drive vehicles off the lot as it struggles through increased inventory.In what the company is calling the “Rivian Dealership” customers can browse several dozen trucks available for immediate purchaseThe vehicles on offer at Saturday's sale are the four-motor variants of the R1T pickup, equipped with its biggest battery pack, with starting prices at $87,000. Rivian has no plans to provide discounts at this event, and only trucks will be included, excluding the R1S SUV model that continues to have a waitlist, stated a Rivian spokeswoman.“They don't want to try the dealer path,” said Stephanie Brinley, the principal auto analyst at S&P Global Mobility. She continues: “They are getting to a point where demand isn't gone, but electric-vehicle makers are having to work harder for customers,” Brinley said. “You do have to sell vehicles, believe it or not.”In a move that appears much more like a traditional OEM, Tesla is providing an $8,000 discount on new Model S and Model X vehicles as well as three years of free Supercharging for deliveries made by the end of the quarter as it seeks to improve end-of-quarter financial outcomes by lowering inventory.Tesla has been known to offer special discounts or incentives for the delivery of new inventory vehicles by the end of the quarter. They recently offered three months of free Supercharging for Model 3 deliveries made by June end.The free charging could be worth several thousand dollars potentiallyThe $8000 discount on it's Model S and X are only available if delivery is taken by June 30thGet 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 ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

In this episode, Michael Robinet from S&P Global Mobility joins the podcast to talk about how private capital is driving investment in the electric vehicle transition. Michael, an expert on light vehicle market dynamics and supplier strategy, discusses where investors are finding value in the rapid technology and production shift toward EVs. Check out the latest EV trends and discover how many EVs sold last month by country at https://spglobal.com/evs Subscribe to the Private Markets 360 newsletter: www.spglobal.com/PrivateMarkets360

TOPIC: How Suppliers Survive EV Transition; PANEL: Michael Robinet, S and P Global Mobility; Keith Naughton, Bloomberg; Gary Vasilash, on Automotive; John McElroy, Autoline.tvThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3270298/advertisement

TOPIC: Buick Envista and Tesla; PANEL: Sam Russell, Buick; Stephanie Brinley, S and P Global Mobility; Gary Vasilash, on Automotive; John McElroy, Autoline.tv

Three-decade automotive industry veteran Stephanie Brinley has serious Michigan roots, having been raised in the state and gotten her bachelor's and master's degrees from Eastern Michigan University and Michigan State, respectively. In her position at S&P, Stephanie oversees the development of daily analytical content in addition to special research reports, turning the constant flow of automotive industry news into something actionable for clients. A member of the Automotive Press Association, Stephanie also has past experience in supplier-based strategic communications and supplier-OEM marketing relations, among other specialties in the automotive field.In this episode, Stephanie talks to our host Derek D about why she loves working in an industry that's always changing and moving, how the impact of COVID-19 and the rise of electric cars have made that change even faster than she anticipated, and why registration data is so important for forecasting automotive retail. Plus, she discusses the major sources of the learning curve for new, high-tech vehicle models, the future of auto shows, why dealerships need to work on pricing and financing transparency, and more.Stephanie Brinley | S&P AutoIntelligenceEpisode Highlights:Why Stephanie is so excited about how the passion and enthusiasm inspired by cars will manifest themselves in new waysThe affordability issue and educational concerns around the increasing technology in carsWhy tablet-like interfaces in cars need to be both intuitive and expressiveHow dealers can make the in-store car buying and financing process less painful, and therefore more attractive“We still don't have as many cars as we have people who want to buy them.” — Stephanie Brinley|| Dealer News Today is a DCG Media production

TOPIC: Tesla Loyalty; PANEL: Jeff Gilbert, WWJ Newsradio; Vince Palomarez, S and P Global Mobility; Gary Vasilash, on Automotive; John McElroy, Autoline.tv

The last day of February is full of surprises as we review the 2022 Automotive Loyalty awards, talk about Fiskers plans for the year, talk with AI on SNAP, and let Nintendo gamify our sleep. GM wins the top spot in S&P Global Mobility's 2022 Automotive Loyalty Awards while Tesla passes Ford for the first time everAs inventory levels continue to rise, GM was able to grab the top spot of overall loyalty to manufacturer as Tesla took the crown for ‘Overall loyalty to Make” from Ford who has held it for the last decadeTesla also claimed the top spot in:Ethnic Market Loyalty to Make, Most Improved Make Loyalty, Highest Conquest Percentage, Alternative Powertrain Loyalty to MakeSubaru made our friend, Tom Doll, and all of their Retailers proud as they took home the “Overall loyalty to Dealer” award. Maybe they can rename it now. The stock price of new entrant EV maker Fisker jumped 30% yesterday as they announced their projection to produce 42,400 vehicles in 2023 with their manufacturing partner Magna International's Austrian DivisionAn analyst from ‘Raymond James' named Pavel Molchanov said the stock bump was  "a classic example of a relief rally," adding, "I think there were some fears that the production startup of the sport utility vehicle Ocean was getting delayed."CEO Henrik Fisker said they are ready to begin producing 20 cars per day with a ‘strong' ramp in Q2Its Ocean SUV is very competitively priced at $37,499. Tesla's Model Y  $54,990 after recent price cuts. Rivian Automotive Inc's R1S SUV costs around $78,000. Thus far, Fisker has produced a total of 56 vehiclesSnapchat introduces its AI integration that will allow users to integrate regular life conversation habits with AI says CEO Evan Spiegel“The big idea is that in addition to talking to our friends and family every day, we're going to talk to AI every day,” he says. “And this is something we're well positioned to do as a messaging service.”Only available to 3.99/mo paid subscribers and will be pinned to the apps chat tab above conversationsHas been trained by SNAP employees to avoid explicit content and politics Snap is one of the first clients of OpenAI's new enterprise tier called Foundry, which lets companies run its latest GPT-3.5 model with dedicated compute designed for large workloadsSNAP has a total monthly user base of 750 millionRelax, it's finally here. The new app from Nintendo that is designed to help you gamify…er…track your sleep, Pokemon Sleep. The new smartphone app and optional external device that looks like a Get 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 Share your positive dealer stories: https://www.asotu.com/positivity ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

In an episode of the Auto Remarketing Podcast recorded before it became public that S&P Global Mobility acquired Market Scan, president Rusty West revisited his explanation of why the laws of physics also apply to auto financing. West recapped that analogy and more during this exchange in Dallas during NADA Show 2023.

Welcome to a wild Wednesday as a full ground stop of all flights in the US is upon us. We also answer the question of how many EV chargers to we really need by 2030, as well as a few quick hit updates across the wild world of electrification. All US Flights were grounded this morning as the FAA ordered all fights to be stopped due to a  failure of the NOTAM system which alerts pilots and crew to safety advisories and other information for flightsOver 21k flights and 2.9M seatsUS says there is no evidence of a cyberattackHow many EV chargers will it take to keep things rolling in the year 2030? That's the question a new report from S&P Global Mobility tries to answer.There are currently about 160k chargers: 17k Tesla Superchargers, 126k Level 2, 10k level 31.9m EVs on the road and 2022 EV sales accounted for 5.4%Estimating a 40% adoption by 2030 the US will need to quadruple the number of chargers by 2025 and more than 8x by 2030, this takes home charging into account1.2 million Level 2 chargers and 109,000 Level 3 chargers by 2027BY 2030 28.3 million EVs on US roads, around 2.13 million Level 2 and 172,000 Level 3 public chargers will be required, in addition to home EV chargersWhile were talking about EVs, here is a quick overview of the wild world of electrificationAccording to a WSJ exclusive, several more Rivian top executives have recently left the company including its vice president overseeing body engineering, Randy Frank who came over from Ford, and its head of supply chain, Steve Gawronski. Both were longer tenured execsLate last year,  Patrick Hunt, a senior director in the strategy team, left the company. He had been with them since 2015Tesla has filed to begin a $775M expansion at its new Austin Gigafactory which cost $5.5B to build. including a cell test lab and a unit named "Cathode", according to the company's filings on the Texas state department of licensing's websiteThe company will host their ‘investor day' at the TX site on March 1 Get 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 Share your positive dealer stories: https://www.asotu.com/positivity ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

It's the last day of November and we're ready to flip into the final month of the year as we talk about new S&P data that shows Tesla's shrinking market share. We also talk about the used cars that are holding their value best. Of course, we have to talk about US Soccer for a moment or Kyle might explode. Data from S&P Global Mobility shows that Tesla continues to lose market share to lower priced alternatives Like the Ford Mustang Mach E and Hyundai Ioniq 5Tesla owned 79% in 2020, 69% in 2021, and is down to 65% so far this yearOut of the more than 525,000 EVs registered over the first nine months of 2022 in the US, nearly 340,000 were Tesla vehicles as compared to the 46 other nameplatesS&P predicts the 46 nameplates will grow to over 150 by 2025In the over $50k price point, Tesla still commands 85% of the marketThe report notes that the overall EV market is growing rapidly putting Tesla in the best position to capitalize:"Tesla today is the brand best equipped for taking advantage of the immediate surge in EV demand, though manufacturing investments from other automakers will erode this advantage sooner than later."NADA released an article of the The 10 Used Cars That Hold Their Value Best After 5 Years The vehicle search engine iseecars analyzed over 3M 5 yr old used cars sold in 2022, found the average five-year-old car depreciated by only an average of 33.3 (17% less than the depreciation in 2021Fuel efficient smaller cars held their value bestJeep Wrangler with an average 7.3 percent depreciation and $2,361 difference   Jeep Wrangler Unlimited with an average 8.7 percent depreciation and $3,344 downPorsche 911 with an average 14.6 percent depreciation and $20,6234 difference  Toyota Tacoma with an average 14.9 percent depreciation and $5,926 difference  Honda Civic with an average 16.3 percent depreciation and $4,237 difference   Subaru BRZ with an average 18.2 percent depreciation and $5,985 difference   Ford Mustang with an average 19.4 percent depreciation and $7,528 difference  Toyota Corolla with an average 19.8 percent depreciation and $4,617 difference  Nissan Versa with an average 19.9 percent depreciation and $3,183 difference  Chevrolet Camaro with an average 20.2 percent depreciation and $7,981 differenceUS Men's Soccer team defeated Iran 1-0 to advance to the knockout roundKyle…goGet 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 Share your positive dealer stories: https://www.asotu.com/positivity ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

On this week's Autology podcast, S&P Global Mobility analysts discuss consumer insights regarding automated driving. Listen in as Brock Walquist explains the different levels of autonomy, the current/ forecasted applications as well as global insights into the OEM and supplier strategies. Our consumer expert, Yanina Mills sheds light on what consumers are telling us in some of our surveys, including desirability, consumer concerns, global response differences and look into how/ what consumers are prepared to pay for autonomy. Speakers include • Rebecca Bellchambers- Host- S&P Global Mobility Supply Chain and Technology Thermal Research Analyst • Yanina Mills- Lead analyst for Consumer Insights - S&P Global Mobility Supply Chain and Technology • Brock Walquist- Senior analyst for Autonomy- S&P Global Mobility Supply Chain and Technology We'd love to hear your thoughts on this episode at our autology@spglobal.com email – and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this week's episode of Autology, IHS Markit experts recap some of the highlights from Detroit's North American International Auto Show. With strong presence from the Big 3 automakers, electrification was the topic of the day(s). Showcases from General Motors, Ford, and Stellantis paint an image of an electrified future while some of their flagship gas models foot the bill to support it. Tune in to hear about key announcements from automakers, highlights from the show, and what might future shows look like. Speakers: Jay Hwang, senior analyst for the North American battery market for S&P Global Mobility, Supply Chain & Technology Brian Rhodes, associate director for S&P Global Mobility, Supply Chain & Technology We'd love to hear your thoughts on this episode at our autology@spglobal.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

On this week's Autology podcast, S&P Global Mobility host industry experts from Clarios as we dive deeper on the topic of 12V batteries in this multi-part series. Electrified vehicles, including full battery electric vehicles, will continue to require a 12V battery for myriad features and ancillary applications onboard. With increasing connected and intelligent vehicles coming to market, S&P Global Mobility expects demand for 12V batteries to continue to grow until at least 2025. Depending on the requirements and performance characteristics, these batteries can be either lead acid or lithium ion. As an industry-leading provider of 12V flooded, advanced AGM (absorbent glass mat) lead acid batteries as well as 12V lithium-ion, Clarios experts help outline some of the key development areas and advanced content in state of the art lead acid technology, as well as the technical characteristics and use cases of lithium ion technology, shedding light on the technical decision making of the Automotive OEMs. Tune in to hear perspectives from thought leaders in this evolving technology space as we mate S&P Global Mobility data with the perspectives of those at the forefront of product development. Speakers: Graham Evans – Director, Supply Chain and Technology - S&P Global Mobility Eric Michelutti – Director, Lithium-Ion Technology – Clarios Wei Song – Director, AGM Technology – Clarios We'd love to hear your thoughts on this episode at our autology@spglobal.com email – and you can find out much more across the autotechinsight.ihsmarkit.com website.

Happy Thursday Troublemakers. Today we are talking about the longest permitting process ever and why it needs to change if EV Automakers will be able to keep up. We also talk about the premium price that is about to come with Netflix new ad service, as well as a fact-checked $30k EV battery replacement. Inventory shortage easing as new vehicles sales for Kia and Hyundai as they see their first YOY growth since Summer of 2021Kia, with the lowest day's supply of vehicles, according to Cox Automotive data, said it set an August record with 66,089 deliveries, signaling the company's lineup continues to churn at a high rate.S&P Global Mobility last week reduced its forecast for U.S. auto sales in 2022 to 14.1 million, from 14.6 million as recently as July.August marked the 10th consecutive month that retail inventory closed below 900,000 units, J.D. Power and LMC Automotive said.August was the fourth consecutive month with incentives below $1,000.An extra selling day (removing Sundays) may have been a contributing factor to the growth.Ford and Rivian separately petitioned the US Dept of the Interior to speed up the permitting process for EV minerals essential for domestic battery productionThe letters urge the Department to restrict the permitting process to no longer than three years. The current process can take as much as ten"Today's lengthy, costly and inefficient permitting process makes it difficult for American businesses to invest in the extraction and processing of critical minerals in the United States," Chris Smith, Ford's chief government affairs officer, said in a letter to the department.”Smith continues, “"In contrast, Canada and Australia have adopted mineral permitting policies that enable producers to complete the process in two to three years, while maintaining stringent environmental standards.”Requested use of public funds for geo mapping and otherwise identifying mineral deposits across the US was also mentionedA $30k Dealership quote for a battery replacement circulating via a FB post on a 2012 Chevy volt was fact-checked by USA Today…and its realThe post reads ““A Chevy Volt, with just 70,000 miles, needed a new battery and some coolant.. That'll be $30,000 dollars please!”The price was confirmed by Gary Herrmann, the Service Director of Roger Dean Chevrolet in Cape Coral, Florida as he explained the battery is out of warranty, discontinued by GM, and has to be obtained from a third part supplierAverage battery replacement in an EV is around $6300 with others such as the Ford Mach E costing as much as $20kOriginal cost of a 2012 Volt started at $39,145Get the Daily Push Back email at https://www.asotu.com/Rock with us LIVE at ASOTU CON! Tickets: https://www.asotucon.comJOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/Read our most recent email at: https://www.asotu.com/media/push-back-emailShare your positive dealer stories: https://www.asotu.com/positivity

In this week's episode of Autology, S&P Global Mobility experts deep-dive into one of the hottest topics in today's vehicle manufacturing industry: Megacasting. Quite a lot has been said about this new way of approaching automobile manufacturing, with important OEMs like Tesla adopting this technique so as to manufacture vehicle structures using very few castings, as compared to the traditional stamping & joining method. S&P Global Mobility experts try to shed light on the tenets of this interesting topic – such as how this technique differs with respect to the traditional methods, driving factors that are pushing the adoption of this new method of building vehicle structures, and how feasible megacasting is for car makers. The speakers also offer a financial comparison between the traditional manufacturing processes and the megacasting approach, analyzing what this could mean for different OEMs. Tune in to hear the answers and much more! Speakers: Paolo Martino – Director, Materials & Vehicle Dynamics at S&P Global Mobility Mengyin Tao – Principal Research Analyst, Materials & Vehicle Dynamics at S&P Global Mobility Pranav Divakar – Senior Associate at S&P Global Mobility (Moderator) We'd love to hear your thoughts about this episode at autology@spglobal.com, and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this week's episode of Autology, S&P Global Mobility experts discuss the topic of how automakers generate revenue from Connected Car data. Our experts from the connected car team discuss the connected services market forecast, automaker strategies, vehicle hardware capabilities, connected services and software paid subscriptions and consumer perceived value within different regions. We will also explore future approaches to increase revenue from connected cars, as more connected vehicles operate on the roads. These include leveraging connected technology to power over the air updates, features, and more. Tune in to find out the answers, and much more! Speakers: Anna H. Buettner, Principal Analyst, Connected Car & Vehicle Experience, S&P Global Mobility Fanni Li, Principal Analyst, Connected Car & Vehicle Experience, S&P Global Mobility Aseem Uppal, Senior Analyst, Connected Car & Vehicle Experience, S&P Global Mobility We'd love to hear your thoughts on this episode at our autology@ihsmarkit.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this week's episode of Autology, IHS Markit experts discuss additive manufacturing or 3D printing in the automotive industry. We sit down with Skuld LLC to discuss additive manufacturing's place in the automotive sector and what needs to happen for more mainstream acceptance in high-volume components as well as what criteria ultimately lead to higher adoption rates. Is there room for improvement? What might the short and long term look like for additive manufacturing automotive components? Tune in to find out the answers, and much more! Speakers: Sarah Jordan, CEO and co-founder of Skuld LLC Edwin Pope, Lightweighting principal analyst for S&P Global Mobility, Supply Chain & Technology We'd love to hear your thoughts on this episode at our autology@spglobal.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this week's episode of Autology, IHS Markit experts discuss the growing number of displays in vehicles and the ramifications. With more displays, larger display sizes and higher resolutions comes a need for stronger processing power. We look at how this evolution impacts technology but also what factors and applications are driving this growth and fitment. What are the impacts on the supply chain? Are some regions or auto manufacturers moving quicker than others? How may this change moving forward and what other factors may come into play? Tune in to find out the answers, and much more! Speakers: • Aaron Dale, User Experience expert for S&P Global Mobility, Supply Chain & Technology • Jeremie Bouchaud, director for E/E & Semiconductors for S&P Global Mobility, Supply Chain & Technology We'd love to hear your thoughts on this episode at our autology@ihsmarkit.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

Chip crisis – The never-ending story? In this week's episode of Autology, experts from S&P Global Mobility discuss the current state of the ongoing semiconductor shortage that has roiled the automotive industry for more than two years now. We will talk about the impact of the recent announcements around fab expansions from various suppliers and discuss the asset light approach. Furthermore, we will discuss what steps OEMs are taking to overcome chip shortages, what role raw materials play and of course provide answers to the most important question of when this shortage will be resolved. Tune in to find out the answers, and much more! Speakers: • Anna H. Buettner, Principal Analyst – Connected Car & Vehicle Experience at S&P Global Mobility • Phil Amsrud, Senior Principal Analyst – E/E & Semiconductor at S&P Global Mobility • Nimish Ashar, Associate Director - E/E & Semiconductor at S&P Global Mobility We'd love to hear your thoughts on this episode at our autology@ihsmarkit.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this week's episode of Autology, experts from S&P Global Mobility and Parkopedia discuss the current landscape of the EV charging infrastructure and how this is expected to change over the next few years. We will talk about the importance of accurate parking information and challenges the automotive industry has yet to overcome, when it comes to the charging infrastructure and wider EV adoption? And our guest from Parkopedia will share a fun fact that you, our listeners, may not be aware of, when it comes to parking data! Tune in to find out the answers, and much more! Speakers: • Anna H. Buettner, Principal Analyst – Connected Car & Vehicle Experience at S&P Global Mobility • Claudio Vittori, Associate Manager – E-Mobility at S&P Global Mobility • Adam Woolway, Head of EV at Parkopedia We'd love to hear your thoughts on this episode at our autology@ihsmarkit.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this week's episode of Autology, IHS Markit experts discuss consumer sentiments toward vehicle displays and other human machine interface (HMI) features. We discuss some of the key preferences for display sizes and configurations along with other technology like head-up displays (HUD) and camera displays as they continue to make their way into vehicles. We take a look at how consumer awareness of these features can potentially impact their purchasing decisions as well as their willingness to pay extra for such features. What are some of the most and least desired features and why? Given the current market, how may consumer sentiments change in the future? Tune in to find out the answers, and much more! Speakers: Aaron Dale, senior analyst Vehicle Experience for S&P Global Mobility, Supply Chain & Technology Kyle Davis, senior analyst Connected Car and Vehicle Experience for S&P Global Mobility, Supply Chain & Technology Yanina Mills, senior analyst for Consumer Insights for S&P Global Mobility, Supply Chain & Technology We'd love to hear your thoughts on this episode at our autology@ihsmarkit.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this week's episode of Autology, IHS Markit experts discuss Alfa Romeo's new plug-in hybrid SUV, Tonale, which comes with a non-fungible token (NFT). We get an understanding of what NFTs are and ultimately what they have to do with the automotive industry. With other players in the market utilizing blockchain technology we discuss how automakers, insurers, consumers, and other stakeholders may benefit from NFTs. But is this something consumers want and what challenges may be hindering further adoption of this technology? Tune in to find out the answers, and much more! Speakers: • Nishant Parekh, senior analyst for S&P Global Mobility, Supply Chain & Technology, Aftermarket • Brian Rhodes, associate director for S&P Global Mobility, Supply Chain & Technology We'd love to hear your thoughts on this episode at our autology@ihsmarkit.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this week's episode of Autology, S&P Global Mobility experts discuss what American millennials want in their vehicles. As the largest generational group in the US, we take a look at what makes millennials an important consumer segment, as well as what features and technology are of most interest. We look at how COVID-19 has impacted millennials' purchasing behavior and the vehicle buyer journey, as well as how this segment has set the stage for younger generations. What are the drivers and deciding factors for a new vehicle purchase beyond the technology? How are these consumers impacting growth trends like electrification and the adoption of electric vehicles? Tune in to find out the answers, and much more! Speakers: • Anna H. Buettner, Principal Analyst – Connected Car & Vehicle Experience at S&P Global Mobility • Yanina Mills, Senior Analyst – Consumer Research at S&P Global Mobility • Brian Rhodes, Associate Director – Connected Car & Vehicle Experience at S&P Global Mobility We'd love to hear your thoughts on this episode at our autology@ihsmarkit.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

PANEL: Mike Jackson, OESA; Stephanie Brinley, S and P Global Mobility; Gary Vasilash, on Automotive; John McElroy, Autoline.tv

In this week's episode of Autology, S&P Global Mobility experts discuss key takeaways and noteworthy sightings from the New York International Auto Show. NYIAS is back after a two-year pause and we will cover topics such as the dominance of EVs and why there is an increasing emphasis on experiences rather than just cars. With many established OEMs backing out, what role do startups play and what are automakers and show organizers doing to get people out of their homes and into convention centers. And what is NYIAS trying to morph into, traditionally being the show of luxury vehicles? Tune in to find out the answers, and much more! Speakers: • Anna H. Buettner, Principal Analyst – Connected Car at S&P Global Mobility • Stephanie Brinley, Principal Analyst – Automotive Advisory at S&P Global Mobility • Colin Bird-Martinez, Consultant Principal - Auto Intelligence at S&P Global Mobility We'd love to hear your thoughts on this episode at our autology@ihsmarkit.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this week's episode of Autology, S&P Global Mobility experts discuss what governments are doing to keep their EV promises. This includes a look at where the EV industry currently stands in key automotive markets globally and how these markets will evolve in the coming years. The regulatory environment of course plays a big role here, but how effective have regulations really been in advancing electromobility? With many policy and regulation models around, which countries are ahead of the curve, which ones are falling behind and is there a country that could emerge as the dark horse in promoting electromobility? And what role do subsidies and the push for localized manufacturing play in carrying forward countries' net-zero commitments? Tune in to find out the answers, and much more! Speakers: Anna Buettner, Principal Analyst – Connected Car & Vehicle Experience at S&P Global Mobility Graham Evans, Director – E-Mobility at S&P Global Mobility Srikant Jayanthan, Senior Analyst – E-Mobility at S&P Global Mobility We'd love to hear your thoughts on this episode at our autology@ihsmarkit.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this week's episode of Autology, S&P Global Mobility experts discuss what governments are doing to keep their EV promises. This includes a look at where the EV industry currently stands in key automotive markets globally and how these markets will evolve in the coming years. The regulatory environment of course plays a big role here, but how effective have regulations really been in advancing electromobility? With many policy and regulation models around, which countries are ahead of the curve, which ones are falling behind and is there a country that could emerge as the dark horse in promoting electromobility? And what role do subsidies and the push for localized manufacturing play in carrying forward countries' net-zero commitments? Tune in to find out the answers, and much more! Speakers: Anna Buettner, Principal Analyst – Connected Car & Vehicle Experience at S&P Global Mobility Graham Evans, Director – E-Mobility at S&P Global Mobility Srikant Jayanthan, Senior Analyst – E-Mobility at S&P Global Mobility We'd love to hear your thoughts on this episode at our autology@ihsmarkit.com email, and you can find out much more across the autotechinsight.ihsmarkit.com website.

In this episode, S&P Global Mobility slashed their light vehicle production number for 2022 and 2023. The new Lexus RZ EV crossover is coming this summer. And, I talk about Prospecting for new customers as an activity that should be part of your planning for every day. Mike Talks Cars is a daily sales training podcast addressing current news, quick updates on new vehicles, and something from this Automotive Trainer that you can do to take your Sales skills to the next level. New mini-episodes, like this one, will be available Monday - Friday by 1 PM Eastern time. Subscribe and join me for this quick run through the Automotive world. I am your host, Mike Little, and have spent my career training Sales Consultants and Managers on how to create and deliver world-class Customer Experiences. You can find more from me on my website protraininggroup.ca, and on YouTube. --- Send in a voice message: https://anchor.fm/mike-talks-cars/message

Nicole is travelling again this week so our friend Stephanie Brinley from S&P Global Mobility is filling in. Stephanie has been driving the Lexus LC500 while Robbie had the Lamborghini Urus Performante. Sam meanwhile had to make do with a Corolla, the GR Corolla Morizo edition.Steph and Sam both drove the 2024 Ford Mustang this week which despite marketing claims to being "all-new" is really mostly new, but don't let that take anything away from the last pony car standing. JD Power revealed the results of its 2023 APEAL Survey and S&P had a survey on what consumers are willing to pay for subscriptions in their vehicles. BMW M's boss thinks simulated shifting may be the way to go in performance EVs and Tesla says there are talks to license FSD. We also answer listener questions.Links2024 Ford Mustang EcoBoost first drive2024 Ford Mustang GT first driveJD Power Apeal surveyWillingness to pay for subscriptionsBMW M supports simulated gearboxes for EVsTesla in talks to license FSD to "major OEM"Our Sponsors:* Check out Express VPN: https://expressvpn.com/WHEELBEARINGSAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Robbie and Nicole are both traveling this week so Stephanie Brinley from S&P Global Mobility and Jeff Gilbert from WWJ radio in Detroit are stepping in with Sam. Stephanie and Jeff both got to drive the new Cadillac Optiq and Escalade IQ and Jeff also moved stuff with the Chevrolet Suburban. Sam drove the Lincoln Nautilus and BMW X5M Competition.In the news we discuss BYD's 1MW charging announcement and the CATL/NIO battery swapping partnership and which is a better solution. There are reports that Honda may buy hybrid batteries made by Toyota in North Carolina and Jeff moderated a session with the CEO of LG Energy Systems about slowing investments in battery production. We touch a bit on tariffs and discuss GM's decision to switch from Qualcomm to Nvidia chips for its next generation in-car compute.Check out Express VPN: https://expressvpn.com/WHEELBEARINGSLinksBYD 1MW chargingHonda to maybe buy hybrid batteries from ToyotaGM switching from Qualcomm to Nvidia for next-gen computeCATL and NIO partner on battery swapping standardLGES CEO on Slowing Battery InvestmentOur Sponsors:* Check out Express VPN: https://expressvpn.com/WHEELBEARINGSAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy