Inside Automotive
The right way to go from being a busy chief, to a productive one — Ed Roberts | Bozard Ford Lincoln
Ed Roberts, the Chief Operations Officer at Bozard Ford Lincoln, has launched his new ebook, Mile One: A Management Journey. All through his profession, Roberts has gained intensive expertise in varied management positions and has developed a deep understanding of what it takes to encourage and encourage individuals to attain their objectives. So on right this moment’s Inside Automotive, Roberts will stroll us via what readers can count on to remove from the brand new ebook. Watch full section right here.
Prime Tales
Talks between Detroit-Three automakers and the United Auto Staff union have accelerated since final week, in keeping with sources aware of the matter. Reuters on Thursday reported that contract negotiations with Stellantis had just lately change into extra “lively” from the previous weeks. Remarks from United Auto Staff president Shawn Fain corroborate this declare. Learn Extra
Automotive funds for brand new and used automobiles rose to all-time highs over the third quarter, in keeping with automotive knowledge agency Edmunds. The financial affect of the COVID pandemic has elevated the burden on shoppers throughout all industries. That is very true for automobile consumers, who proceed to face unaffordable costs and lack optimum financing choices. Annual share charges (APR) on used and new automotive funds reached all-time highs between July and September. Learn Extra
Based on Stellantis, the producer of Chrysler, Dodge, Jeep, Ram, and different automobiles, it noticed a 1% year-over-year decline in its U.S. third quarter gross sales. Following the second quarter, when the automaker reported its first uptick in U.S. gross sales in two years, the third quarter noticed one other decline in Stellantis’ greatest market. The United Auto Staff strike towards the transatlantic automaker and its crosstown rivals has had little impact on gross sales up to now as a result of Stellantis has among the highest quantities of stock. Learn Extra
Beginning in 2025, Toyota and LG Vitality Resolution (LGES) will work collectively to produce lithium-ion batteries to be used within the Japanese automaker’s electrical automobiles produced in the USA. The U.S. Inflation Discount Act, which inspired a tidal wave of investments in new EV battery crops in North America, catalyzed the Toyota-LGES announcement. The IRA and different U.S. laws give incentives to extend American manufacturing of EVs, batteries, and uncooked supplies. Learn Extra
For Sellers
Weekly roundup: UAW talks intensify, U.S. auto gross sales maintain regular, Ford unveils F-150 Lightning Flash
The Detroit-Three and the United Auto Staff union have ramped up their contract negotiations, as reported by sources and additional confirmed by Reuters. This growth unfolds amid a backdrop of constant automotive gross sales within the U.S., with Japanese automakers, particularly Honda and Toyota, exhibiting notable figures. In the meantime, rising electrical giants, Tesla and Rivian, present a glimpse into the EV market’s trajectory. Including to the combination, Ford publicizes its superior F-150 Lightning Flash, signaling additional innovation of their automobile lineup, and extra headlines to remain on prime of this week in automotive business information. Learn Extra
Video advertising methods that convert leads into gross sales
The important thing to success is changing leads into gross sales for automotive dealerships. And video advertising is likely one of the best methods to just do that. Based on a Vidyard examine, prospects are 64% extra seemingly to purchase after watching a video than those that didn’t watch it. Moreover, viewers are 85% extra seemingly to purchase a product after watching a video about it. So how will you use video advertising to transform leads who’ve already contacted you into reserving an appointment and finally a sale? Listed here are some suggestions. Learn Extra
Supply
Car payments rise, Stellantis sales decline, Toyota partners with LGES
