Automotive News

CBT automotive newscast: September 14, 2022

Inside Automotive:

CBT automotive newscast: September 14, 2022Is now the time to modify your dealership to a one-person gross sales mannequin?
Altering shopper expectations and behaviors proceed to drive lots of the operational shifts in retail automotive immediately. Subsequently, it’s essential to have methods in place now and ‘future-proof’ your dealership. A2Z Sync‘s one-person gross sales mannequin has helped sellers obtain simply that. At present on Inside Automotive, we’re studying extra in regards to the one-person gross sales mannequin and the way it additionally impacts the client expertise. We’re happy to welcome Natalia Giner, CEO of A2Z Sync, Patti Tremonti, Coaching Director for Nelson Auto Group and Managing Companion of MTN Automotive Coaching Methods, and Stephanie Martz, President of Thomas Auto Group. Watch the entire phase right here.

Headlines:

Based on the Bureau of Labor Statistics, inflation elevated greater than anticipated in august as elevated housing and meals costs partially offset a decline in fuel costs. The patron worth index, which measures the price of a variety of products and companies, rose 0.1% for the month and eight.3% within the earlier 12 months. Based on estimates from Dow Jones, economists had predicted that headline inflation would decline by 0.1%. Gasoline costs have fallen considerably after reaching a excessive of over $5 per gallon this summer time. Nevertheless, the price of residing in different very important areas, together with meals and shelter, retains rising. Learn Extra

Martin Viecha, a Tesla government, just lately gave traders an outline of the corporate’s subsequent 5 years, outlining which developments and metrics are most necessary and what to anticipate when it comes to a extra inexpensive electrical automobile, a robotaxi service, and different potential new items. Based on Viecha, the manufacturing value per automobile would be the most vital indicator to look at within the coming years. When requested if tesla would possibly ever produce a inexpensive EV, Viecha responded that the enterprise ultimately needs a extra inexpensive automotive available on the market. He defined that along with launching its company-operated robotaxi service, Tesla wants a extra inexpensive choice if it needs to change into a high-volume automaker. He additionally highlighted that because the demand for the fashions 3 and Y has been higher than anticipated, there’s presently much less want for a brand new mannequin. Learn Extra

Cruise, a Common Motors-backed autonomous taxi firm, plans to develop its community over the subsequent three months. The corporate began trialing its nighttime ride-hailing service in San Francisco in January and began charging for rides this previous June. Cruise hopes to develop to Phoenix, Arizona, and Austin, Texas, inside 90 days. CEO Kyle Vogt broke the information through the Goldman Sachs know-how convention and likewise mentioned the brand new service may assist the corporate hit $1 billion in income by 2025. The electrical automobile firm has acquired greater than $10 billion in investments from firms like GM, Walmart, Microsoft, and Honda. Learn Extra

BMW has formally confirmed it would swap to cylindrical lithium-ion battery cells for its upcoming technology of latest electrical automobiles scheduled for 2025. The German automaker says the transfer to a brand new battery cell format, mixed with up to date chemistry and a brand new battery pack strategy, will lead to higher efficiency, decrease prices, and lowered environmental impression. The corporate expects as much as a 50% value discount on the battery pack. The brand new “BMW spherical cells” have a regular diameter of 46 millimeters, just like Tesla’s 4680-type cylindrical battery cells. Learn Extra

Information & Opinion

TikTok‘Kia Boyz’ viral TikTok development sparks nationwide thefts of Kia and Hyundai automobiles
The prevalence of the social media platform TikTok has boomed prior to now couple of years, with over one billion movies seen every day. Singing, dancing, comedy, and pranks are probably the most outstanding kinds of leisure on the platform, however it’s now additionally getting used to display a menacing development hash-tagged “#KiaBoyz” that includes stealing automobiles. Sure Hyundai and Kia autos from mannequin years 2010 to 2021 are made with out key fobs and push-start know-how, that means drivers want a mechanical key to begin the engines. Police departments have reported vital upticks within the theft of those autos because the first movies cropped up on TikTok. Learn Extra

online marketplace5 tricks to outperform your opponents within the on-line market
When shopping for a automotive, immediately’s customers have extra selections than ever. They will purchase from a conventional dealership, an online-only market, and even straight from a producer. With so many choices out there, it’s no surprise dealerships are feeling the strain to compete. Whereas online-only marketplaces might seem to be a risk to conventional dealerships, there are methods to compete and outperform them. One of the crucial vital benefits conventional dealerships have over online-only marketplaces is the flexibility to supply a greater buyer expertise. When clients purchase from a web-based market, they typically accomplish that sight unseen. Learn Extra


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