🚙 Today, we’re starting with a first look at new EV battery data that dealers can use right now. The study raises a practical question for every store handling used EVs: can your team clearly explain battery health at appraisal, pricing, and the point of sale?
What Lyteflo's EV Battery Study Could Mean for Appraisals, Pricing, and Customer Trust
Understanding EV battery health is no longer a “we’ll figure it out later” problem for dealers. It shows up when you appraise the vehicle, when you decide how to price it, and when a customer asks why they should trust what you’re telling them about range, degradation, and long-term ownership.
A 27-Year-Old Founder Just Did Something the U.S. Nuclear Industry Hasn't Done in Decades
Instead of spending years refining presentations, models, and theoretical designs, Valar focused on building. Earlier this year, the company airlifted reactor components from California to Utah aboard military cargo aircraft, assembled the reactor onsite, and is now targeting power generation before July 4.
Shawn Fain's Next Challenge Isn't the Strike. It's the Future of Work.
At the UAW's constitutional convention in Detroit, Fain pointed to major wins from the 2023 labor negotiations, including gains against the Detroit Three and expanded organizing efforts at companies like Volkswagen. He also laid out an ambitious vision for the union's future, including restoring pensions and expanding the UAW's reach beyond automotive.
🚙 Today, we're looking at how retailers are responding to affordability pressures, inventory challenges, shifting customer expectations, and new technology, plus what Carvana's latest retail experiment reveals about where shopping may be headed.
Consumers Trust Capri-Sun More Than AI. That's Actually Useful.
Business Insider highlighted the findings, which suggest consumers are gravitating toward familiar brands as technology and everyday life continue accelerating around them. Google's Gemini was the only major AI platform to improve its trust score. Everyone else got a reminder that adoption and trust aren't the same thing.
The Cheap Used Car Is Becoming an Endangered Species
According to Cox Automotive data reported by Auto Remarketing, CPO sales reached an estimated 228,521 units, up 6.1% month over month and accounting for 15.7% of all used retail sales.
Kevin Warsh Just Changed the Fed Forecast. Dealers Barely Flinched.
Automotive News reports that the Fed held rates steady at 3.5% to 3.75% while revising its longer-term forecast toward a quarter-point increase. Despite the news, dealer concern around interest rates continues to decline. Cox Automotive found that only 36% of dealers now identify rates as a significant challenge, down from 46% a year ago.
