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Today we talk about Amazon’s latest inflation indicator that will hit sellers before buyers, Ram is charging into the EV pickup market with a real-talk, crowdsourced mentality, and GaryVee launches the second series of his popular VeeFriends NFT Project.
- Amazon to levy a 5% fuel and inflation fee on sellers for first time ever
- Commences April 28th for sellers who use Amazon to stow, pack, and deliver
- In January there was an average of 5.2% fee increase for sellers
- Currently Amazon takes a 34% cut of all merchant sales
- “In an email sent to merchants Wednesday, Amazon said it has made big investments since the start of the pandemic to meet surging demand. Those include doubling capacity, adding 750,000 employees and raising the average Amazon warehouse employee wage to $18 from $15.”
- And electrified Ram is coming in 2024
- The new design is being influenced and guided by the “Real Ram Talk” the company is gathering from customers on its site and at events
- Ram CEO Mike Koval says the company is leveraging it’s later than competitor release to its advantage to include and enhance features consumers want most
- Anyone can give feedback and view concept images on the “Ram Revolution” dedicated site
- Ram says it will have a full line of electrified model by, you guessed it, 2030
- Entrepreneur Gary Vaynerchuck’s NFT project, VeeFriends, launched series 2 of his record breaking project today.
- The project is eleven months old and has over half a Billion in sales
- Private Discord has over 350k members
- Initial floor was as low as .5 ETH (~2,000 USD). Current floor is ~12 Eth or ~36k USD
- Series 2 NFT’s are $995 and have limited availability. Series 1 holders get a Series 2 for free. Next in line are randomly selected members of the VeeFriends community who have the opportunity to purchase for 2 weeks ahead of the public mint.
- Series 1 issued 10,255 tokens, Series 2 will issue 55,555
Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.
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