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Today we welcome back Steve Greenfield, Founder of Automotive Ventures to talk about today’s news and give us the breakdown of his November 2022 Auto Intel Report.

The tech entertainment company founded by Audi named Holoride has since spun off as its own company and is now planning a 2023 rollout for its in-vehicle entertainment system according to Automotive News

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/

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Welcome to Wednesday as we go through the winners and losers of the October sales figures. We also talk about new information about the Cybertruck production dates, as well as the reason you might start seeing more Waymo vehicles at the Phoenix Airport. 

Carvana announced the closure it’s Dealer Marketplace in a letter sent to Dealer-customers dated October 31, 2022 

• Program will end in 30 days, Dealer listings will stay up until then

October sales figures show that there are some big winners and losers as Toyota surged 28% cumulatively across its brands. Subaru is up 32% Mazda 30%. American Honda is down 16%

Reuters reports that Tesla will begin early production of the long awaited Cybertruck in the middle of 2023 with mass production commencing by the end of 2023 according to sources with knowledge of the matter.

Robotaxis operated by Waymo are now making regular passenger trips to the Phoenix airport to become the first ride-hailing service to operate in a complex airport environment

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/

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It’s the first day of November and we’re fired up to talk about a bright spot in Hyundai’s supply chain, as well as a gathering of some of the most powerful marketers in the country. We also talk about one coal-mining dad who is making waves as he publicly prioritizes his family. 

Hyundai and Kia sales are revealing a bright spot in ongoing supply chain challenges as Hyundai saw a 7% boost in volume and Kia recorded an October record as volume jumped 12% to produce 58,276 units

At this years Association of National Advertisers (ANA) “Masters of Marketing” conference CMOs and marketers for notable companies gathered from across the country to discuss 2023 strategies and best practices, noting pressure to cut marketing budgets in downturns is a historically losing formula

In an effort to arm marketers to rightly advise leadership, Fleur Sohtz, chief marketing officer at Analytic Partners, noted pressure to cut budgets in 2023. 

• “There’s a way to use insights to show the board that cutting your budget will not only harm your business in the short term, the impact in the long term is really substantial,” she said. “If you cut your budget and your competitor doesn’t, you can lose 15% of your business.”

A TikTok video about a story of a Kentucky coal miner who came straight out of a mine and went right to a University of Kentucky basketball game with his young son is going viral. 

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/

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Don’t let the costumes fool ya, we’re here to work this Monday as we talk about Ford’s announcement to delay the deadline for dealers to decide on their EV future. We also talk about Ford’s efforts to part ways with underperformers, as well as what one year of Meta being Meta has gotten us. 

Today’s deadline Ford originally put in place for Dealers to make a decision whether or not to invest up to $1.2M and follow the standards required to sell EVs has been postponed until Dec 2nd after multiple requests from Dealers according to Ford spokesman Marty Gunsberg

An internal email circulated at Ford reveals the company is actively working to get underperforming workers out of the company. 

Facebook hits the one year anniversary of its transformation into its current name, Meta and investors as well as the public don’t seem very excited. 

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/

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We’ve got that Friday feeling as we talk about the first steps of the Twitter takeover and what it means for advertisers. We also talk about the new and hopeful service strategies for Dealer EV service departments, as well as a Walmart - Netflix partnership just in time for the holidays. 

The Twitter takeover is complete, but we’re going to be hearing about it for a while. Immediately following the closing of the deal, Elon Musk assumed the role of CEO and fired outgoing CEO Parag Agrawa, CFO Ned Segal, Vijaya Gadde, Twitter’s top legal and policy executive, and Sean Edgett, general counsel

The EV service game is going to be different, but certainly not a disaster according to an expert panel hosted by Automotive News Fixed Ops journal

Ride quality and maintenance needs become more important and frequent due to the heavier weight and acceleration capabilities of EV

In an entertainment-to-retail partnership over 2400 Walmart locations will be adding a “Netflix Hub” in time for the holidays where customers and Netflix show fans can buy merch for popular shows like “Stranger Things,” “Squid Game,” and the upcoming “Knives Out” sequel. 

• Offerings

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/

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This Thursday is full of fire as we talk about the sudden closure of Holman Lincoln Ford in Pompano Beach that is sending a shockwave through the industry. We also cover the sizable drop in employee turnover at Dealerships in 2021, as well as the viral video of Elon Musk marching into Twitter HQ.

Holman Ford Lincoln in Pompano Beach closes permanently

According to the NADA Annual Dealership Workforce study, turnover in US dealerships saw a substantial drop in employee turnover as it dropped to its lowest level since the study was first introduced in 2011

A tweet by Elon Musk shows him marching into Twitter HQ carrying a sink with the caption being “Entering Twitter HQ - let that sink in!”

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/

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We are in Atlanta with Michael Cirillo and we couldn’t help but stand in front of some iconic retail locations for the show. Today we are talking about how lawmakers are forcing the hand of Apple engineering and Hyundai is preparing for a big boost in state side EV production.

The EU is making Apple grumpy by passing legislation that will require them to shift all charging ports to USB-C on mobile devices

Hyundai is pressing into EV production with their breaking ground for a Georgia based ‘Megaplant’ set to begin production in January 2025

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Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/

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This Tuesday we’re talking about how a hatchback just won SUV of the year. We also talk about a over-delivering tweet from Ford CEO, Jim Farley, as well as the uptick and sentiment around POS tipping. 

Somehow a hatchback just won the SUV of the Year award, thanks to Hyundai self-classing their Ioniq 5

Ford CEO, Jim Farley took to twitter to make a bit of a surprise announcement: The F150 Lightning is even faster than the company previously announced. 

Over the past 36 months, tipping at local food establishments has become much more of a norm. New studies examine how people feel about the social pressure that comes with that ‘tip screen’ and when enough is enough.

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/

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We’re firing up the engines (and batteries) this Monday as we cover the shifting landscape with auto loans. We also talk about the reasoning behind Tesla’s price cuts in China, as well as a lucky swing that turned unlucky for one Ford store. 

The tides are shifting for major auto lenders as an increase in write-offs and pull back in originations are noted across the country.

Wells Fargo & Co. - higher loss rates for loans it originated late last year led to an increase in write-offs for the period

• Tightened underwriting standards when they saw last year's originations starting to have problems. This led to a 40% drop in origination

Ally Financial Inc. saw charge-offs for retail auto loans quadruple in Q3

• Said charge off rates could climb to 1.6% from current 1.05% although still below pre-pandemic levels

Fifth Third Bancorp said it’s pulling back on originations citing dropping used car prices and risk of being upside down

• Chief Credit Officer, Richard Stein said Fifth Third is seeing more consumers -- subprime credit scores, outside the companies typical borrower, try to get concessions from lenders to keep vehicles

Tesla cuts prices by over 9% on some on Model Y and Model 3 vehicles in China citing falling material prices and overcoming recent production glitches

A Ford dealer in Arkansas is in a legal battle with a consumer who sunk a hole-in-one at a golf tournament for, he thought, a brand new F150

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/

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We’re closing out the week of regular programming as we talk about Lithia’s record Q3 numbers with a twist. We also talk about a Wisconsin Dealer Group who is the first to execute on a widespread GM EV Charger program, as well as the new Starlink internet service on commercial airplanes coming soon. 

Lithia Motors hit a Q3 record as their net income increased by 6.9% to just over $330m and total revenue jumped 18% to $7.3B as reported in their quarterly earnings call

GM’s Dealer Community Charging Program which was announced last year has installed their first 2, level 2 EV chargers 

Starlink, Elon Musks’ satellite internet service provider announced that the high speed service is coming to commercial aviation starting in 2023 offering service as fast as 350mbps per plane

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/

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