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Welcome to Wednesday as we dig into the 2024 Cars.com American-Made Index, revealing the most American cars. We also dig into a McKinsey survey showing how crucial smartphone integration is for car buyers and take a pass at the U.S. Surgeon General Vivek Murthy's proposal for social media warning labels to protect young people's mental health.
Show Notes with links:
- The 2024 Cars.com American-Made Index reveals the most American-made cars with this year bringing some surprise shifts to the top ten
- The index is determined by five key criteria to ensure a comprehensive assessment of a vehicle's domestic production impact: assembly location, percentage of U.S. and Canadian parts, origin of engines, origin of transmissions, and the U.S. manufacturing workforce.
- For the third year in a row, the most American car is the Tesla Model Y, but Tesla's other models have seen a drop in rankings due to Tesla's workforce calculations
- The top ten are Tesla Model Y, Honda Passport, Volkswagen ID.4, Tesla Model S, Honda Odyssey, Honda Ridgeline, Toyota Camry, Jeep Gladiator, Tesla Model X, Lexus TX
- GM doesn’t show up on the list until #23 with the Colorado and Ford is on the bench until #31 with the Mustang
- A recent survey indicates that 56% of in-market shoppers prefer American-made vehicles, with many willing to pay more to support domestic jobs
- A recent McKinsey & Co. survey reveals that a third of car buyers would refuse to purchase a vehicle without Apple CarPlay or Android Auto, underscoring the importance of smartphone integration.
- 30% of EV buyers and 35% of ICE buyers globally consider smartphone integration essential.
- In the U.S., 25% of EV buyers and 38% of gasoline vehicle buyers feel the same.
- Some buyers are willing to pay extra for smartphone integration: 17% of ICE and nearly 30% of EV buyers.
- Automakers are wary of ceding the infotainment experience to tech companies, focusing on developing native systems.
- Kevin Laczkowski of McKinsey stated plainly, “If an OEM moves away from seamless smartphone integration, obviously that's a risk.”
- U.S. Surgeon General Vivek Murthy has proposed mandatory warning labels on social media platforms to highlight their potential mental health risks to young people.
- Murthy cites studies showing social media increases anxiety and depression in teens.
- Teenagers spend nearly five hours daily on social media, doubling mental health risks.
- Lawmakers and youth advocates have long criticized social media for harming children.
- Murthy urges Congress to legislate warning labels, stating, "The mental health crisis among young people is an emergency."
- Vivek told CNN, “I put forward this call for a warning because I think it’s essential that parents know what we now know, which is that there are si
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