Joe Kyriakoza

🚗💡 Today's #AutoBuzz highlights industry shifts: VW speeds up its development process, Accenture expands its automotive tech with AOX acquisition, and Mazda fine-tunes its EV strategy for the U.S. market. #autonews #autotrends #automotiveindustry #carshipping

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The ARA - Automotive Remarketing Alliance will hold an #EVwebinar on Dec. 11 titled “Post-Biden #EVPolicies and #EVMarket Impact,” to help professionals in the #automotiveremarketing industry and #usedvehiclemarket understand the evolving #electricvehicle (#EV) landscape in the wake of post-Biden administration policies on #electricvehicles. Scott Case of Recurrent will present. https://loom.ly/BdtS5sI

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NEWS: Dealer profits are down 33.4% YoY, despite stable revenues… Plus, used car sales bounce back in July, pushing days’ supply down, and EV registrations heat up during an industry-wide cooldown… Today’s top 3 stories in automotive: 1. Researchers say dealers need to readjust their spending levels… https://lnkd.in/g9UTAmpz 2. 0-to-2-year-old cars captured more sales last month, raising the average listing price… https://lnkd.in/g4jnVzV7 3. In June, while overall vehicle registrations declined, EVs bucked the trend… https://lnkd.in/gBYvpPjz Read today’s automotive news, brought to you by Auto Hauler Exchange: https://lnkd.in/gD6aD5fA

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🚗📰 Catch today's AutoBuzz highlights: Volkswagen invests $5 billion in Rivian, Ally Financial reports a revenue surge, and Americans strongly advocate for control over their vehicle data. Stay updated with the latest auto industry trends! #automotivenews #automotiveindustry

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Curious about the future of female talent in the automotive industry? In a recent interview with just-auto.com | The automotive industry news & information site, our own Irene Castelanotti Bravo, Marketing Director for the International business, shares her insights on National Girls in Automotive Day and the role women play in this evolving sector. Read the full article to discover how we're addressing industry challenges and promoting inclusive apprenticeship schemes to empower the next generation of female talent: National Girls in Automotive Day: Highlighting the female contribution and opportunity - Just Auto (just-auto.com) #NationalGirlsInAutomotiveDay #WomenInAutomotive #DiversityAndInclusion #Solera #Autodata #AutomotiveIndustry

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The sales impact of the CDK Global DMS hack is starting to take shape… Plus, several car models are saying goodbye in 2024 and 2026, and new questions raised over GM's 1 million EV production target… Today’s top 3 stories in automotive: 1. CDK cyberattack bites — dealers chase estimated $1 billion in lost sales… https://lnkd.in/gTmCwxCt 2. Muscle cars and family haulers are getting the axe in 2024-2025…but why? https://lnkd.in/gAGK-CT7 3. GM is the latest in a series of automakers forced to reset EV goals… https://lnkd.in/gQGzSnUa Read today’s automotive news, brought to you by Bumper: https://lnkd.in/gPvVuFwX

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NEWS: Less than 33% of dealers are happy with their data insights… Plus, Toyota is under major scrutiny ahead of this week’s earnings call and the Detroit 3 are being forced to make tough decisions about their EV ambitions… Today’s top 3 stories in automotive: 1. A new study from Cox Automotive Inc. looks at how dealers can start getting the real benefits of data-driven insights… https://lnkd.in/gP4XkDV6 2. The cracks are beginning to show in Toyota's once-impenetrable armor… https://lnkd.in/g52Rcp4B 3. OEMs are following the money and retooling their EV plans as the early adopter phase approaches its end… https://lnkd.in/gBb_pfaA Read today’s automotive news, brought to you by Auto Hauler Exchange: https://lnkd.in/gQjTScYZ

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Harsh reality: Nearly half of all dealers (41%) are “not confident at all” in their automakers EV strategy, according to CDK Global. But it’s not due to politics or charging stations… It was concern over not offering the right powertrains to match consumer demand. And while dealers are struggling to sell pure EVs there is good news… Automakers are finally listening – and one of the ways they are listening is by bringing more hybrids into the mix. Check out CDK Global’s full article on current dealer sentiment: https://lnkd.in/g5X73SHT (Data via CDG partner: CDK Global #cdkglobalpartner)

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The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. https://lnkd.in/epqrikXF

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With 2024 ending strong at 16M new vehicle sales (+2%), 2025 is set to hit 16.3M sales, the third year of growth, alongside 20.1M used car sales. EVs will jump to 25% of market share, fueled by 15 new models and expanding infrastructure. Affordability will improve with easing loan rates and higher inventories, while omnichannel retailing drives record buyer satisfaction (75%). Chief Economist Jonathan Smoke credits a "Goldilocks economy" for the industry's momentum, signaling a positive year ahead. #AutomotiveIndustry #EVTrends #CarSales

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Thank you, Urvaksh Karkaria and Automotive News, for the opportunity to contribute. Alan Haig shares insights and perspectives into Nissan Motor Corporation and the drop in its dealership profits compared to the current market. "..average dealership profitability industrywide dropped about 30 percent in the first half of the year, with Nissan and Stellantis dealers taking the biggest hits. The article also examines dealers' opinions on whether Nissan Motor Corporation should reduce the number of dealerships. "Those interviewed said the brand should have up to 40 percent fewer dealerships." Alan shared that trimming the network would "dramatically improve" profits for the remaining stores, as exampled by other automakers, such as General Motors and Ford Motor Company. However, he also said that we do not see evidence that Nissan is offering anything to get the dealers to close because it is uncertain if Nissan has the money to do it. In addition, Alan said that we do expect a shakeout in the Nissan dealer network, with some larger, diversified retailers looking to offload a weaker franchise and focus their investments on stronger, more profitable brands. This creates an opportunity for newer, less-capitalized dealers to buy those Nissan stores because they're affordable and have the potential to improve financially in the years ahead. - Alan concluded by saying, "It's a win-win. Larger dealers shed money-losing stores, and smaller dealers have the opportunity to grow." https://lnkd.in/eMPWEWBq #Nissan #DealershipProfits #HaigPartners #HaigReport #DealershipValues

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