- ASOTU Daily Pushback
- Posts
- 🚗 EV Leases Near 50%
🚗 EV Leases Near 50%
🚙 Painting of Dogs
TOGETHER WITH
Welcome to Tuesday, August 27th, 2024.
Literally, a day that has never been seen before and will never be seen again. The thought makes us grateful to be alive. Maybe it will make you feel the same.
In today’s email:
Headlines: Canoo, Rivian, EV Leasing, and Tech.
2024 Automotive Amplifiers Award Winners
Loving Dogs and Loving People with Checkered Flag Auto Group
Keep Pushing Back
-Paul, Kyle, Chris & Kristi
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Reading time: 3 mins
Keeping Up With The Headlines
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We sifted through the headlines so you don’t have to!
Check out the full digest of this morning’s automotive news, moves, data, and announcements here (read time: 2 mins 44 secs).
Check out this update on tariffs from China, the EU, and the U.S. here.
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Canoo and Rivian Face Setbacks
Canoo's co-founder and CTO has left the company amid a major restructuring, including the closure of its LA operations.
Rivian, meanwhile, experienced a significant fire at its Illinois factory, damaging 50 EVs. Both incidents signal potential disruptions that dealers should monitor closely.
Leasing Trends Surge
Nearly half of all new EVs in Q2 2024 were leased, driven by federal tax incentives and low rates. Luxury brands like Mercedes-Benz are seeing most of their EVs leased, influencing inventory strategies.
Consumer Tech Preferences
A J.D. Power survey reveals that consumers favor practical vehicle tech, such as backup cameras, over complex features like gesture controls. Dealers might benefit from focusing on models with more user-friendly technology.
TOGETHER WITH REYNOLDS AND REYNOLDS
2024 Automotive Amplifiers Winners
Big shout out to the Reynolds and Reynold’s 2024 Automotive Amplifiers Contest winners!
🏆 Justin Rash and James Dieli from Beau Townsend Ford Lincoln
🏆 Jeremy Reardon from Westside Lexus
This contest, held at the annual Reynolds Retail Summit, celebrates innovative ideas in retail automotive across Fixed Operations, Variable Operations, and Community Impact. The ASOTU team was honored to be part of this event, where finalists showcased their groundbreaking contributions to the industry.
We extend our congratulations to all the incredible finalists who continue to inspire and drive excellence in automotive retail.
Check out the full list of finalists here!
Paint + Dogs = Loving People More
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Our friend Michael Wood’s team has been making a big impact by focusing on making clients feel genuinely valued, not just as customers but as people. They’ve been doing some social media sleuthing to better understand their clients, making interactions more personal and effortless.
Recently, they surprised Michael on his 41st birthday with a custom painting of his beloved mini dachshunds, a gesture that brought him to tears. This story highlights the importance of going beyond the business, building lasting relationships, and showing clients they truly matter.
How are you making your clients feel special?
Check out the full story here (read time: 1 min 12 secs).
AROUND THE ASOTU-VERSE
🍎 September 16th — The Welcome Conference in NYC.
⚜️ January 23-26th, 2025 — NADA Show in New Orleans.
🦀 May 13-16th, 2025 — ASOTU CON in Baltimore, Maryland.
In The Dirt @ NAMAD
Matt Jones from TrueCar joined Paul Daly to talk about how consumer shopping habits are changing and how dealers can stay ahead by leveling up their online and in-store experiences.
It's all about those quality convos that keep customers moving forward, and top dealers are making sure their teams are feeling the love too. Big shoutout to our friends at TrueCar for making our NAMAD coverage happen.
Quick Hits
A new X-ray technique allows scientists to create highly detailed 3D images of special materials used in nuclear fusion experiments, helping them better understand and improve the process of creating energy like the sun's. ⚛️
The National Park Foundation received a historic $100M grant from Lilly Endowment Inc., the largest in its history. 🏞️
Danny Jansen made MLB history by becoming the first player to appear in the same game for two teams, starting for the Blue Jays in June and finishing for the Red Sox after a trade. ⚾️
History
1859: Edwin Drake successfully drilled the first oil well in the United States in Pennsylvania, sparking the nation's first oil boom despite the well itself never being profitable. 🛢️
1955: The "Guinness Book of World Records" compiled by student twins Norris and Ross McWhirter is published for the first time and becomes an instant success. 📕
1957: The Edsel's highly anticipated launch included a controversial stunt show and press event, but ultimately led to disappointing sales and significant financial losses for Ford. 🔥
Thanks for reading, friend! We hope your day is very demure, very mindful.
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