Michael Dunne, CEO of Dunne Insights, and the leading authority on the automotive market in China is on the show today and I cannot be more excited! He’s an author, podcaster, contributor for Wall Street Journal Asia, Automotive News, Axios & Forbes, so you know Michael has the street cred! On this episode, Michael and I discussed the dramatic shift in China's automotive market, where global automakers have seen a sudden and significant decline in sales and profits, signaling the end of China's position as a "forever profit machine" for these companies. Major OEMs like Ford, GM, and Stellantis have faced immense losses, with GM printing red ink for the first time in two decades and Ford's sales dropping by 70% since 2020. There has been a massive move towards EVs in China, with Chinese brands, led by BYD, dominating the EV market due to better cost efficiency, advanced technology, and significant government subsidies. Global automakers are finding it increasingly difficult to compete and are trying to reposition themselves, with some opting to become junior partners in Chinese EV companies. This is a cannot miss episode is you are even *slightly* curious (and you should be!) about China's growing dominance in the automotive market and the challenges global automakers face. Will most of them be shown the door within the next five years? Follow Michael Dunne to keep tabs on this developing story!

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Read Michael's full article, "China Is Done With Global Carmakers: "Thanks For Coming"

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https://newsletter.dunneinsights.com/p/china-is-done-with-global-carmakers

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This episode is sponsored by DriveItAway. If you’re a franchise dealer, you can now launch a profitable (and scalable) micro-lease to own program with zero upfront costs, to transform your unsold inventory into monthly revenue, effortlessly. And if you want to support DriveItAway’s mission directly, check out their stock on the OTC markets, "DWAY." Learn more at driveitway.com/dealers

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