Shoot us a Text.
Welcome to Wednesday as we talk about welcoming our new Vroomates into the fold. We also cover a new BlackBook integration of EVs as well as Tesla’s plans for a low cost EV and Apples downgraded plans for its high cost EV.
Check out our Dear Vroom Employees Post
Show Notes with links:
- Black Book, a leading provider of vehicle valuations and analytics, introduces Battery Adjusted Values for EVs.The new valuation system incorporates battery condition adjustments, collaborating with Recurrent, a renowned EV analytics provider.
- Battery Adjusted Values apply an increase or decrease to VIN-specific valuations based on individual battery data, addressing the gap in evaluating used EVs with traditional metrics.
- Jared Kalfus, Black Book's president, emphasized the significance of this advancement: "While electric vehicles are still vehicles, a single component – the battery – has never played such a significant role in a used vehicle’s value."
- Initially available on Black Book’s Cherry mobile app, the system will expand across the Black Book portfolio, offering comprehensive access to all customers.
- Tesla has officially announced its plans to start production of a new mass-market EV, codenamed "Redwood," by mid-2025l
- The "Redwood" project aims for a compact crossover model, expanding Tesla's reach into more budget-friendly markets.
- Tesla's initiative challenges traditional gasoline-powered cars and inexpensive EVs, like those from China's BYD, which recently surpassed Tesla in global sales and are rumored to be coming to the US in the next 24 months.
- Production forecasts include 10,000 vehicles per week, beginning in June 2025, and a price point in the $25k range
- Musk's ambition reflects in his statement: "Both the design of the products and manufacturing techniques are head and shoulders above anything else that is present in the industry."
- Originally announced 10 years ago, Apple's long-awaited electric car project, Titan, has shifted gears (ironic pun intended), aiming for a more conventional electric car launch by 2028
- Leadership shifts and strategic realignments, now focus the project on a more realistic electric car with basic driver-assistance features.
- Originally targeting fully autonomous vehicles, Apple recalibrated to a Level 2+ system, akin to Tesla’s Autopilot, requiring driver alertness and control.
- Despite skepticism among some executives, the electric car, potentially priced around $100,000, represents Apple's foray into the lucrative EV market.
- The project's ambition is to deliver a vehicle with distinctive design, safety, and user interface, contrasting with its earlier vision of a driverless car.
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.
Get the Daily Push Back email at https://www.asotu.com/
JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
