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- 🚗 Record-Setting Highs
🚗 Record-Setting Highs
🚙 EVs and the Chinese, NADA Show 2025, and Wins on Wall Street
TOGETHER WITH
Woo-hoo, it’s Fri-yay, y’all!
We just gotta say, we’re incredibly proud of our team this week.
From podcasts to emails to documentaries to webinars, we tackled a lot this week and we’re absolutely thrilled we get to share it with you all.
Our crew may be small but we are mighty, and we’re glad you’re here to enjoy in the fruits of our labor along with us.
Keep Pushing Back
-Paul, Kyle, Chris & Kristi
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Today's Email
🔥 November 15: Charging Texas, EV Deals & Tesla Fire Sales
Chevy’s giving night owls free EV charging in Texas—just don’t expect miracles from their “green energy” credits. Meanwhile, Tesla’s Cybertruck hit recall #6, and Musk’s juggling it with his new government gig (we’ll let you guess which is getting more attention).
Over in China, Chevy’s selling a four-cylinder Tahoe for $90K because, apparently, luxury is about fuel-sipping now. Polestar’s cheaper SUV hits U.S. roads, and Hertz is selling off Teslas like last season’s fashion—yours for $20K if you don’t mind the mileage.
Carvana’s got Jimmie Johnson delivering cars faster than a pit stop, and AI’s gunning for your job (or at least the repetitive parts).
Read the full digest @ Daily.ASOTU.com.
Midnight in New Orleans
You ready?
We’re excited to spotlight NADA Show 2025, the place to be this January if you're looking to elevate your dealership.
The Expo brings together over 500 companies and thousands of products, services, and solutions—all curated to help you stay ahead in this fast-paced industry. It's your chance to connect with trusted providers, shop new vendors, and discover real, actionable solutions for every corner of your business, from Fixed Ops to Digital Marketing.
Catch us at the Ernest N. Morial Convention Center in New Orleans, January 23-26, and let’s start 2025 with the insights and tools that matter most.
🚀 Stocks Keep Climbing
giphy
With the U.S. election in the rearview, markets have surged in a record-breaking post-election jump as investors anticipate favorable economic shifts.
Market Rally — Stocks saw an unprecedented post-election rally, supported by the Republican sweep of the Presidency, Senate, and likely the House. Tax cuts and deregulation could fuel economic growth and corporate profits, so no complaints from Wall Street here.
S&P’s Continued Momentum — The S&P 500 has hit 50 record highs this year, including three since the election. Earnings growth is projected to accelerate from 9% this year to 14% in 2025.
Edward Jones / FactSet
Car buyers are still feeling the pinch from auto loan rates that sit stubbornly at near-record highs. J.D. Power’s 2024 U.S. Consumer Financing Satisfaction Study shows a growing number of financially vulnerable customers, adding urgency for lenders to provide more flexible options.
Rising Financial Vulnerability — Among mass market loan customers, 11% more are now classified as financially vulnerable since 2021, while the financially healthy group has dropped by 13%. Only 1% of the vulnerable segment can cover six months of expenses.
Top-Ranked Lenders — Ford Credit ranks highest among mass market lenders at 669, while Lincoln Automotive Financial Services leads premium lenders with a satisfaction score of 722.
J.D. Power
New-vehicle prices in the U.S. saw modest gains in October, with an average transaction price of $48,623 (up 1.7% from last year). Rising incentives and market competition are adding pressure as automakers close out 2024.
Incentive Surge — October incentives climbed to 7.7% of ATP, up from 7.2% in September and over 60% higher than a year ago, as automakers intensify efforts to attract buyers.
Segment Trends — ATPs diverged across key segments, with full-size pickup truck prices down 1.3% YOY to $65,389. Compact SUVs, averaging $36,769, held steady, while midsize SUV prices reached $48,977, within 1% of the industry average.
Cox Automotive
AROUND THE ASOTU-VERSE
🗓️ Coming Soon
⚜️ January 23-26th, 2025 — NADA Show in New Orleans.
🦀 May 13-16th, 2025 — ASOTU CON in Baltimore, Maryland.
🥊 Quick Hits: Meta, Crypto, and the Wolfman
🔁 Today in History: FAST, Ford, and Xbox
1965: Craig Breedlove breaks 600 MPH. ⏩️
1977: The 100,000,000th Ford. 🥳
2001: Microsoft launches the Xbox game console. 🎮️
Thanks for reading, friend! Did you play the original Xbox? I (Chris) did. I stayed up all night once playing Morrowind. IYKYK.
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