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- 🚗 Wholesale Prices Dip, TikTok's Ticking Clock & More
🚗 Wholesale Prices Dip, TikTok's Ticking Clock & More
🚙 National Cheeseburger Day + Latest Auto News in 3 Mins!
TOGETHER WITH
Welcome to Wednesday, Friend!
Our favorite seasons poll yesterday ended up closer than we anticipated. We’ve narrowed it down, but now we gotta know…
Which season is the ultimate winner? |
Keep Pushing Back
-Paul, Kyle, Chris & Kristi
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Today's Email
🫰 Make it Snappy: Wholesale Prices, SUVs, and Plant Closures
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We got the news and you got a world to conquer, so we will keep it shortt:
Wholesale Prices Dip: Used vehicle prices dropped by 0.2% in early September, with SUVs, midsize cars, and pickups taking a hit year-over-year. Inventory supply rose to 26 days, easing pressure slightly. Improved consumer sentiment could signal a rebound, but dealers should remain cautious.
Global Car Market Shift: Traditional cars are still holding strong worldwide. Europe’s best-sellers list has mostly cars, not SUVs, while BEVs are expected to reach a 20-24% market share in the EU by 2025, driven by new affordable models.
Stellantis Plant Closures: Stellantis CEO emphasizes proactive steps to avoid plant closures like Volkswagen's. Audi's Brussels plant, however, faces potential closure, triggering concerns over job security and market shifts.
If you’re after a little more context for these stories and three more, click here for today’s full auto news digest on Daily.ASOTU.com. (Read Time: 4 mins 6 secs)
📈 How Lexus of Lehigh Valley Became a Dealership Without Walls
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Lexus of Lehigh Valley completely transformed their sales process with Upstart Auto Retail’s connected online and in-store digital retailing platform, offering customers a single point of contact and the option to buy cars remotely.
The result? A 160% jump in PVR, an 80% close rate, and one of the best CSI scores in the Northeast.
“Without Upstart Auto Retail, she wouldn’t have been able to realize such great success so quickly. The tool eradicates the need to be taught how to structure a deal. It happens in front of you; all you have to do is plug in the information,” said Mike Anderson, Owner at the Rikess Group.
Read the full story from Upstart here.
👻 A New Car Scam Haunts Businesses and Buyers
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Scammers are getting savvier, and dealerships are more frequently being caught in the crosshairs.
A recent video exposed a sophisticated car scam targeting both buyers and businesses. Scammers are hijacking dealership names and creating fake listings, convincing shoppers to wire thousands for cars they’ll never receive.
The result? Furious customers, trashed reputations, and businesses scrambling to repair the damage.
Learn how these scams work and, more importantly, how dealerships can protect themselves. Read the full breakdown here.
🕰️ TikTok’s Ticking Clock
TikTok faces a looming U.S. ban as concerns over data privacy and potential Chinese government influence spark a heated legal battle. The case centers around free speech rights, with TikTok arguing that a ban would violate its 170 million American users' First Amendment protections.
The U.S. government, however, cites national security risks tied to TikTok's parent company, ByteDance. With divestiture deemed "unfeasible" by TikTok, the court’s decision could set a precedent affecting global media access and foreign-owned apps.
Click here to read the full article. (Read time 2 mins 19 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 Wheelhouse: TODAY
An all new episode of the Wheelhouse is coming out today!
Join us as Daniel Govaer uncovers where dealers are missing out on Hispanic marketing, the current state of the automotive market, and more.
Quick Hits: Grimace, Apnea, and Eavesdropping
The New York Mets unveiled a commemorative purple seat in section 302 to honor Grimace. 💜
Apple Watch gains FDA approval for sleep apnea detection, using its accelerometer to identify breathing disturbances, aiding early diagnosis for millions of users. 😴
A recently filed U.S. Patent reveals that Ford is developing a controversial technology designed to deliver in-car ads by eavesdropping on conversations between passengers. 👂
Today in History
1789: The first U.S. loan is made to pay the salaries of the President and Congress. 🏛️
1837: Charles Lewis Tiffany and John B. Young co-found a "stationery and fancy goods emporium" in NYC, later renamed as "Tiffany & Co." 💍
2004: BMW releases the 1 Series. 🥇
Thanks for reading! Here’s your friendly reminder that It’s National Cheeseburger Day, so no need to figure out what’s to do for lunch today. You’re welcome. 🍔
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