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- 🚗 Strike Over, But More to Come?
🚗 Strike Over, But More to Come?
🚙 Toyota's Delay, Tesla's Crown, and Rivian's Dip
TOGETHER WITH
Ready or not, it’s Monday, Friend!
Today, we’ve got some news from Rivian, Toyota, and Tesla. A pretty phenomenal webinar replay (if we do say so ourselves), and a dive into the news from the longshoremen’s strike-ending tentative contract.
Check it all out and then register for More Than Cars Episode 4 @ Mohawk Chevrolet. We can’t wait to enjoy the livestream premiere with you!
Keep Pushing Back
-Paul, Kyle, Chris & Kristi
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Today's Email
🫰 Makin’ it Snappy: Rivian, Toyota, and Tesla
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Rivian Slashes 2024 Production Forecast
Rivian’s facing a significant supply chain disruption, cutting their production target to 47,000-49,000 vehicles for the year. Q3 deliveries fell short, but the company is banking on a $5 billion Volkswagen partnership and future lower-cost models to stay in the game.
Toyota Delays U.S.-Made Electric SUVs
Toyota has pushed back the launch of its electric SUVs to mid-2026 due to “slowing EV demand.” Meanwhile, GM and Hyundai are gaining ground with strong EV sales.
Tesla Takes the EV Crown
Tesla’s back on top, delivering 462,890 vehicles in Q3 and beating out BYD in global EV sales. But, can they hold onto the crown with their aging lineup?
Read the full digest for more insights and what these trends mean for your dealership! (Read Time: 4 min 2 sec)
📽️ Missed the live webinar? Catch the replay now!
In partnership with Wikimotive, ASOTU invites our auto dealer community to revisit this vital 30-minute session designed to elevate your dealership’s success.
Join Paul J Daly, Kyle Mountsier, and industry leader Zach Billings as they dive deep into the essential connection between effective marketing and streamlined store operations.
During the session, you’ll learn:
Synchronize for Success: Discover why aligning your marketing efforts with store processes is crucial for long-term growth.
Leverage SEO: Understand how SEO can serve as the cornerstone of your marketing strategy.
Strategic Partnerships: Learn how the right marketing collaborations can drive real, measurable results.
Plus, hear insights into how top-performing dealerships are positioning themselves to capture 40% of projected market growth by 2025.
Don’t miss the chance to equip your dealership with actionable strategies for success. Watch the replay now!
🚢 The Longshoremen Strike: What You Need to Know
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Dockworkers representing the International Longshoremen’s Association (ILA) went on strike earlier this week, halting operations at 36 East and Gulf Coast ports.
The key issue? Wages and automation. Workers demanded a 77% wage increase over six years, while the United States Maritime Alliance (USMX) countered with a 50% offer. After a three-day strike, both sides reached a tentative deal that includes a 62% wage hike over six years.
While the strike is suspended, the bigger issue—automation—remains unresolved, with negotiations extended until January 2025. If no deal is reached by then, another strike could be on the horizon, which could further impact supply chains, inflation, and the U.S. economy.
For now, ports are back up and running, but the pressure's on for a long-term solution.
👉 Read the full article here. (Read Time: 4 min 41 sec)
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.
🎬 More Than Cars: Episode 4
Join us for the premiere of our latest episode of More Than Cars on November 13th at 1:00pm EST featuring the incredible team at Mohawk Chevrolet!
🥊 Quick Hits: TikTok, Reports, and Cocktails
Texas sued TikTok for violating children's privacy by sharing personal data without consent, seeking penalties under the SCOPE Act for failing to protect minors. 🔭
Yields rise after strong ISM services report. Dollar consolidates ahead of US jobs data. Europe steady after inflation drop. Oil extends gains amid Middle East concerns. 📈
Trending "cortisol cocktails" aren’t backed by evidence for stress or weight loss. While the drink has hydrating benefits, experts recommend balanced nutrition, exercise, and sleep for managing cortisol levels effectively. 🍸️
🔁 Today in History: Model T, Postwar, and Barry Bonds
1913: Model T moving assembly line starts 🏭️
1945: The first postwar Cadillacs ☮️
2001: Barry Bonds hits his final home run of the season creating a new record breaking 73 home runs in one season against Dennis Springer of the Los Angeles Dodgers. ⚾️
Thanks for reading, friend! Do good, be well.
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