#485 - 🥅 60-Day Goal

TOGETHER WITH

Monday finds each of us a little different. Some of us spring out of bed, ready to roll, while others crawl to the coffee pot and try to hide until it starts working.

However you feel about Monday, it’s a pretty great day to grab coffee for a friend to sip while they chat or dive into head first.

Keep Pushing Back
-Paul, Kyle, Chris & Kristi

TODAY’S LOT WALK

• Gone In 60 Seconds 59 days. 👋

• Nissan takes the Frontier electric. 💡

• The great Danish diet pill rush. 💊

Reading time: 4 mins 28 secs

MORE THAN CARS MOMENTS

No Cars Over 60

If you struggle with moving your used car inventory, then last week’s episode of David Long’s “All Things Used Cars” was the one for you. ICYMI, here’s what we learned are some best practices to keep your inventory flow grooving:

📝 Begin with purpose.

Create an acquisition plan that is well-defined, methodical, and goes beyond merely hitting a target number. Deploy structured stocking strategies rooted in market data to avoid aging inventory.

🐢 Ditch the laissez-faire attitude.

Create a reconditioning plan that is centered around intensity, structure, and discipline. Establish a streamlined, executable approach to quickly getting newly acquired inventory in tip-top shape and ready for customers.

🚲 Peddle your wares.

Create captivating merchandising and marketing materials that command attention and compel action. Your efforts should be as irresistible as a freshly baked batch of cookies.

📈 Let the market lead.

Create a habit of tracking market supply and depreciation values on your used inventory and price accordingly. Keep in mind, things are only worth what someone will pay for them, so paying attention to what the market is saying is crucial.

👯 Not all used cars are the same.

Create a thoughtful strategy around each unique car and have a plan in place for models that aren’t getting much love. You could be sacrificing margins with blanket approaches and a lack of market-based methods.

🎧 Catch the full replay here. 🎧

TOGETHER WITH CALLREVU X ASOTU

5 Things Every Dealer Should Be Doing Now That GA4 Is Live

Dealers, we know there is enough GA4 "info" out there to drown a giraffe. (they're very tall, you know) 🦒

So our friends at CallRevu are back to walk us through the essentials in another 30-minute webinar.

Join us for real accounts, easy setups, pro tricks, and plenty to make you your team's go-to Google GOAT! 🐐

Let's move forward together on 8/23/23 at 2 pm EST/11 am PST on LinkedIn Live!

AROUND THE ASOTU-VERSE

More Than Cars Episode 2!

Did you catch the trailer for Episode 2 of More Than Cars?

The folks at Beaver Toyota of Cumming opened their doors to us to show the world the hidden, lively, and human side of the industry we love to serve.

Check out the trailer and check out MoreThanCars.TV for more info!

BUSINESS

Lidar, Google, and The Final Frontier(?)

🔍 Lidar Radar

• What's Happening? A shift is underway as automakers integrate lidar sensors into vehicles.

• Key Players: Innoviz, Luminar, Ouster.

• Why It Matters: Advanced hands-free driving tech is becoming mainstream, and lidar is central to this transformation.

⚡ VinFast in Trouble?

• Snapshot: VinFast, a Vietnamese EV company, has seen its stock value drop for the third consecutive time.

• Current Valuation: $32.4 billion (Down from a debut of $85 billion).

• Analyst Take: There's growing skepticism about VinFast's future in the U.S. market.

🔌 Acura & Google: Electrified Partnership

• Introducing: The Acura ZDX, a $60,000 premium electric vehicle powered by Google.

• Features: 325-mile range, integrated Google Maps, music streaming.

• Availability: Deliveries are set for next year.

Did You Know? Google Maps now prioritizes charging stations over gas stations for EV users. Real-time port availability and other enhanced features ensure a seamless driving experience. Acura's ZDX is set to benefit from these features!

💼 Ford's Battery Power Play

• Collaboration: Ford, SK (a Korean battery maker), and EcoProBM (cathode specialist).

• Investment: $1.2 billion for a battery cathode facility in Bécancour, Quebec.

• Projection: Production of NCM cathodes by 2026, bolstering North America's EV battery supply chain.

🚚 Nissan: An Electric Frontier Ahead?

• Rumor Mill: Whispers are growing about an electric Frontier mid-size pickup following certain product decisions.

• Backstory: Nissan is redirecting its focus on electric models after hitting 1 million EV sales and a successful Ariya launch.

• Expert Opinion: An electric Frontier could be a game-changing move for Nissan in the evolving EV market. Stay tuned!

CULTURE

This Is Your Economy On “Drugs” 🍳

Denmark finds itself in an unusual situation in a peculiar intersection of health trends and global economics.

🏃‍♀️ The Big Picture: America's enthusiasm for the weight loss drugs, Ozempic and Wegovy, has inadvertently shaken Denmark's economic landscape.

🏋️‍♀️ The Numbers Game: These drugs, churned out by Novo Nordisk, have ballooned the company's market cap to a staggering $419 billion. To put this in context, it’s now surpassing Denmark's entire GDP, which is $406 billion.

💪 Currency Quirks: With roaring U.S. sales, Denmark is now swimming in U.S. dollars. This massive influx is causing head-scratching among Denmark's central bankers as they juggle currency exchange rates.

💊 Why This Matters: While this boom spells good news for Denmark’s employment rates and those looking for home loans, history has shown that an economy's heavy reliance on a single company can be dicey (remember Beanie Babies?).

Quick Hits

• Investors pull $1B from crypto, causing Bitcoin’s price to dip. 🤕

• The upcoming Call of Duty game offers players “more freedom than ever.” 🕹

• A pig kidney has functioned properly in a human for over a month. 🐷

History

• 1903: SF to NYC Packard trip ends. 🍾

• 1911: The Mona Lisa was stolen from the Louvre in Paris. 🎨

• 1959: Hawaii becomes the 50th state in the US. 🏝