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This Friday is a blend of volatility and stability as we talk about the latest auto Intel report, EV pricing taking a big step forward by taking a big step backward, and which billionaires make the most impact.
- June Automotive Ventures Auto Intel Report paints volatile picture for startups but stability for Dealerships
- For startups, plan to pivot making the new goal “Default Alive”
- For Dealers, pent up demand of over 2.9M fleet units and 1.9M retail units paints a picture of stability
- A big question of whether or not OEMs will maintain production discipline remains
- Continually accelerated rate of change projected in Dealer / OEM model
- Take Away: First, isn’t it great to be in Retail Automotive? Second, don’t say Steve Greenfield didn’t warn you when it happens.
- Chevy Bolt prices cut to below 30k for first time ever
- ‘2023 Bolt EUV will start at $28,195 for the LT trim, compared with $34,495, while the Premier trim will start at $32,695, down from $38,995. All prices include shipping.’
- In a Wednesday statement, Chevy said "This change reflects our ongoing desire to make sure Bolt EV/EUV are competitive in the marketplace. As we've said, affordability has always been a priority for these vehicles,"
- Take Away: Just because the markets seem to be doing one thing, doesn’t mean you can’t focus on the issue at hand, in this case affordability, and find a way to make it happen
- LeBron hits $1B lifetime income according to Forbes With sale of his media company
- “The SpringHill Company, James’ media and entertainment company, announced today that it is selling a significant minority stake to a group of investors that includes RedBird Capital Partners, Fenway Sports Group, Nike and Epic Games at a valuation of about $725 million”
- Take Away: In retail automotive, you probably know more billionaires than you think. There is probably a much different ego scenario, and substantively more community impact. Just saying.
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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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