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- 🚗 All Eyes on the Federal Reserve
🚗 All Eyes on the Federal Reserve
🚙 Big Biz Moves, Managing Aged Inventory, and Interest Rate Cuts
In partnership with
It’s a brand new Thursday, and today is an incredibly exciting day! I am thrilled to write my first lead for our email, and it’s kind of a big deal. 😉 We are looking for a Partner Development Manger to work alongside me to continue to care for and build the “More Than Cars” movement to the next level.
Our team is small but mighty. We are looking for someone who loves the automotive industry the way that we do and has the stamina to join a company that moves on its feet. Our energy is on fire and we are looking for a new team member to join our team and help drive sales and care for our partners.
If you’re up for the exploring the gig, let us know by applying below!
Keep Pushing Back
-Ann-Marie
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Today's Email
🧑🔬 Charging, Struggles, and Price Shock
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The EV world is buzzing! First up, Ford, BMW, and Honda’s ChargeScape is now live, wirelessly managing EV charging and even sending power back to the grid.
Next, Stellantis finds itself in “survival mode,” pushing to make EVs cost-competitive with gas cars amid slowing demand and tighter regulations.
Lastly, BYD remains a force to be reckoned with, offering the cheapest EV in the U.S., even with a 100% tariff. Their $10,000 Seagull EV could land under $25,000 stateside, making U.S. automakers sweat.
With automakers navigating EV charging strategies, labor negotiations heating up, and global competitors setting new price benchmarks, it’s clear the industry’s in for a wild ride.
Check out the full digest of today’s automotive moves and news here. (Read Time: 3 min 47 sec)
TOGETHER WITH DRAFTBOARD
Now you can refer friends to jobs and get paid for it
Companies offer referral bonuses for new hires, but only to their employees - not you.
But what if you know the perfect candidate?
Enter Draftboard, a platform where companies make those bonuses public and claimable by anyone. Draftboard gives you a simple and seamless way to share job opportunities from the best companies in the world (SeatGeek, Via, Formlabs, Bilt, Triple Whale, OneSginal, etc.) with your network - and you get paid when they get hired.
How Draftboard Works:
Simple Sharing: Copy your unique referral link and send via text message, email, or social media - however you want.
Wide Range of Companies: Access job postings from top-tier companies across various industries - over 80 companies listing roles.
Real-time Tracking: Monitor the progress of your referrals in real-time as they move through the recruiting process.
Why You Should Join Draftboard: Earn extra income with no experience needed on an easy-to-use platform for sharing and tracking candidate referrals.
📉 Is Aging Inventory Tanking Your Bottom Line?
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With new car inventory up 7% and used vehicle carryover holding steady, it might seem like smooth sailing for dealerships—but aging inventory is now becoming a growing problem.
New vehicle aged inventory is rising by 2% each month, while used vehicles have seen a 5% increase.
Dealers are facing mounting pressure to move older models, but markdowns alone aren't cutting it. In fact, only 25% of dealers report any improvement from price cuts.
So, what's next? Discover more and learn five strategies for managing aging inventory effectively in the full article here.
✂️ Fed Chops Rates for the First Time in 4 Years
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The Fed made a bold move, cutting interest rates by 0.5% for the first time since 2020. The decision signals growing concerns over a softening job market, despite Powell's assurances that the economy is “in good shape.”
Stocks initially surged, then steadied as investors processed the news. While Powell warns against expecting frequent cuts of this magnitude, the Fed's projections suggest more cuts could come this year.
The bottom line: this half-point rate cut hints at precautionary measures against future economic troubles. Could it prevent a recession, or is there more to worry about?
Read the full article here. (Read Time: 1 min 52 secs)
AROUND THE ASOTU-VERSE
Coming Soon
🤠 November 5-8th — Opening presenters at the 2024 ATAE PR & Communications Focus Group Meeting in Austin, Texas.
⚜️ January 23-26th, 2025 — NADA Show in New Orleans.
🦀 May 13-16th, 2025 — ASOTU CON in Baltimore, Maryland.
🎧 The Automotive Troublemaker: Ram, Tesla, and Home Depot
Ram is set to enter the EV truck fray, Tesla is prepping to move inventory with a new round of incentives and Home Depot allegedly changed prices on consumers between the aisle and the register.
Subscribe for more on YouTube, Spotify, or Apple Podcasts.
Quick Hits: Google, Tupperware, and Batman
Google won an appeal against a €1.5B fine imposed by the European Commission. 👨⚖️
Tupperware has filed for bankruptcy after years of declining popularity and financial struggles. 🥣
On September 26th, Batman will receive the 2,790th star on the Hollywood Walk of Fame and a Guinness World Records title. ⭐️
Today in History
1796: George Washington's Farewell Address is printed across America as an open letter to the public. ✉️
1932: Ab Jenkins set the first 24-hour solo drive record in the U.S., driving a modified Pierce-Arrow V-12 for 2,710 miles at an average of 112.91 mph. 🕛️
1995: The Washington Post and The New York Times publish the Unabomber manifesto. 📰
Thanks for reading! Try all you can to succeed, but be sure you really like your definition of “success” first. What good is owning the fastest boat in Nebraska?
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