Kristen Lingenfelter

An informative take on the U.S. EV market. Here’s a key point: “Remove the two-top-Teslas from the equation and the “average EV model” sells about 1,000 units a month. “ Mass producing niche vehicles is not the road to riches in the U.S. auto industry.

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You choose. We are building the topics for ASOTU CON 2025. What are we talking about? Why are we talking about it? Is there anything you have never heard talked about that we should source experts on? #conference #automotive #automotiveindustry #dealership #morethancars

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MOVE: Mobility Re-imagined is about partnerships. This investment between Volkswagen Group (VW) and Rivian, led by RJ Scaringe, underscores the evolving dynamics in the electric vehicle (EV) market. The deal represents a strategic effort by VW to align itself with faster-moving, tech-driven startups to gain a competitive edge in the rapidly evolving EV sector. Rivian’s strength lies in its innovative software and computing systems, which VW hopes to leverage as the traditional auto giant transitions from internal combustion engines to electric powertrains. For Rivian, this partnership brings a much-needed infusion of capital—$5.8 billion, up from the previously expected $5 billion—as well as the backing of a global automotive powerhouse that can help it scale operations. In exchange, VW will access Rivian’s cutting-edge technology, particularly its expertise in integrating software with hardware. This collaboration comes as automakers recognize the importance of making their vehicles highly connected and software-driven, much like smartphones. The move also highlights the contrasting strengths of the two companies: VW’s scale, engineering tradition, and manufacturing might versus Rivian’s agility and software expertise. With Tesla and #chineseautomakers setting the pace in the EV space, legacy automakers like VW are looking to outside partnerships to close the gap. This deal suggests that the future of the auto industry will likely be shaped by collaborations between traditional automakers and tech-savvy startups. It remains to be seen how effectively VW can integrate Rivian’s innovative culture into its own operations, which have historically been marked by self-reliance and a focus on engineering prowess.

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#Breaking - GM's best total quarter sales result since the fourth quarter of 2020. Read more: https://lnkd.in/eXDjvndT #generalmotors #autoindustry #automarket #news #ai #misinformation This article has been fact-checked by Oigetit ✅

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Sales Growing Across the Industry According to Latest SEMA Market Research ✅📈 The automotive specialty-equipment industry continues to see growth, strong demand, and less volatility this year, according to the new "SEMA State of the Industry--Spring 2024 Report," a biannual report focusing on the current business climate, key industry trends and metrics. The report is provided to SEMA members free of charge. A total of 48% of manufacturers reported an increase in company sales over the past year--an 8% increase compared to fall 2023. Distributors saw the largest sales shift, with 49% reporting an increase in sales, marking an 18% rise compared to last fall. Meanwhile, a majority of retailers (43%) reported that their sales remained steady. "Businesses across the board have continued to see improved sales growth, although rising costs remain a significant challenge across the industry," said SEMA Market Research Director Gavin Knapp. "Our research suggests that despite the price increases, companies are optimistic about their future sales and the growth of the specialty-equipment market in the next three to five years." Read more 🔗 https://brnw.ch/21wK4Zr

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Congrats to Group 1 Automotive CEO Daryl Kenningham! 2024 Automotive News All-Stars Public dealer: Daryl Kenningham CEO Group 1 Automotive (a sneak peek... just part of Daryl Kenningham's story) Daryl Kenningham championed Group 1 Automotive Inc.’s growth strategy in 2024. Under his leadership, the public auto retailer bought high-revenue stores while also divesting small and underperforming dealerships. In the first three quarters of 2024, Group 1 acquired more than 60 stores that it expects will generate about $3.9 billion in annual revenue, far surpassing the $1.1 billion in expected revenue acquired in 2023. “We grew the company by 25 percent through acquisition,” Kenningham told Automotive News. Kenningham and Group 1 closed the biggest deal of their year in the third quarter. The dealership group bought the U.K. retail operations of global automotive group Inchcape for $439 million. The public auto retailer expects the 54 dealerships in the transaction to generate $2.7 billion in annual revenue. Benjamin Richert Karen Hudson Mike Chan Steve Beasley Stephen Prather Jr Marvita McAlpin Steward Edward McKissic John Lukehart Judith Palacios Manny Laureano Shelley Prange Washburn Gwendolyn Holmes Baca Michael Roush Sebastian Olszewski Lindsay Casas Bob Neal Jon Zillioux Eric Sanchez Sr. David Fesmire Danih Davis Pete DeLongchamps Dan Shine Monica Leatherwood Danny Frayler Krista St.Romain Richard Blohm III Daniel McHenry Mike Sullivan Christine Scott Bj Young Kimberly Barta Mary Karyl Sweeney Christian U. Wendy Holdaway Springs Roy Boitnott Benson Chanthirath Deedra Muse Lyza Postell

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More primary market sources for automotive markets that can give manufacturing suppliers into the space better views on end of the value chain pull rates, inventory and challenges. #b2b #b2bmanufacturing #manufacturing #automotive #marketing #forecast

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At AutoTech: Detroit 2024 last month, Eyeris made headlines by winning two of the most sought-after awards in the #automotive industry: Automotive Tech Company of the Year and Automotive Product of the Year. The announcement came during the AutoTech Awards, organized by AutoTech: Events, on June 4th in Novi, Michigan. Modar Alaoui, founder and CEO of Eyeris, accepted the honors on behalf of the company. Read our complete analysis (link in the comments) on how Eyeris is pioneering a new concept known as "InCabin 2.0" and why this concept is increasingly important as the industry moves towards higher levels of automation and software-defined vehicles.

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This September's Sokal pick six consists of some automotive redesigns and the obvious rise of hybrids/EVs! Learn more about each headline at➡️https://hubs.li/Q02NY4PZ0 !💙 #automotivenews #carnews #autoheadlines #automotiveadvertising #caradvertising

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🔥🚘🚙 Used Car Managers, General Managers, Dealer Principals, and Automotive Professionals 🚙🚘🔥 Glenn Lundy shares his strategy to keep your used car inventory levels from getting out of whack. David Long’s All Things Used Cars... Every Friday starting at 9AM EST/6AM PST. Jump in the conversation or be a 🪰 on the wall like me! Either way, you'll walk away with profit-boosting insights and actionable strategies to grow your bottom line. 💰🤑💲 Look in the comments for a link to the full replay of Rethink Your Used Inventory. #automotive #autodealers #automotivemarketing #automotiveindustry #carbusiness #automotivesales #newcarsales #usedcarsales #usedcardealer

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Registrations of Tesla cars in California fell 24% in the second quarter, signaling mounting challenges for the electric-vehicle maker, according to a report by the California New Car Dealers Association (CNCDA). High interest rates and stiff competition has led to subdued demand for electric vehicles as consumers opt for less expensive hybrid cars. The Elon Musk-led electric vehicle maker's Model Y crossover continues to be the best-selling model in the state, but the automaker's market share in the first half of the year fell to 53.4% from 64.6% in the corresponding year-ago period. "Tesla's allure seems to be wearing off, signaling potential trouble for the direct-to-consumer manufacturer," the report said. #tesla #california #elonmusk Read more on Reuters - https://lnkd.in/gW_bSR72

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Ford's resilience is on full display as October's U.S. vehicle sales surge by 15.2%, signaling a strong recovery following the challenges posed by the 2023 union strike. With standout growth in truck sales (+29.2%) and continued emphasis on hybrid technology (+38.5%), Ford is not just bouncing back but strategically redefining its path forward. This impressive rebound outpaces industry growth and boosts market share, showcasing the power of innovation, adaptability, and teamwork in overcoming setbacks. As Ford navigates the evolving landscape of EVs and traditional combustion vehicles, what lessons can be learned from their approach? Let's explore. #Ford #AutomotiveIndustry #Innovation #SalesGrowth #Resilience https://lnkd.in/eAiJh7D2

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Find The Perfect Ride: A Comprehensive Guide to Choosing the Right RV Dealer: Trailer Source of Longmont, RV Sales Parts Service Embarking on the journey of purchasing an RV is an exciting venture, filled with dreams of adventure, exploration, and unforgettable experiences. However, the first step towards realizing that dream begins with selecting … Continue reading → #Automotive #Business #Services

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