Kramer in a Driverless Car, Jim Farley Pod, Exchanges approach bear market

The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier

With Paul on the ground at VeeCon, we hear from him and invite Brian Kramer to the show. We are talking cars with ghosts (seemingly), a new podcast to listen to, and how markets are impacting dealers.

• Brian Kramer shared a video in a driverless car
  • Technology by Qubis
  • Kramer stated use cases like
    • Delivering rental cars
    • Chase cars for vehicle drop off
    • Retrieving vehicles from storage lots
  • Take Away: You may not have an army of driverless cars in your area sometime soon, but preparing for potential business opportunities is a best practice.
• Jim Farley, Ford CEO, to host a Spotify podcast
  • Drive with Jim Farley
  • Guests include: ​​Tom Brady, Dax Shepard, Harley Davidson CEO Jochen Zeitz, YouTuber Emelia Hartford, The Duke of Richmond and Patrice Banks.
  • “Spotify is footing the bill for putting the show together, and it's sponsored by customer-relationship software giant Salesforce.”
  • “Auto executives are stepping further into the spotlight to build and burnish their personal brand, and ideally boost their company's share price.”
  • Take Away: Never underestimate the power of personal brand on a company brand. Think about your dealership and how the brand of those in the store can impact profitability.
• Stock exchanges on pace for bear market
  • Glenview Trust CIO Bill Stone wrote. “For the first time in the post-Covid period, retailers have been stuck with some excess inventories. Costs due to inflation are also taking their toll on their earnings.”
  • “The S&P 500 fell 0.6% on Thursday and is now about 19% below a record closing high set in early January. This would be the first bear market — defined by many on Wall Street as a 20% drop from a high — since the pandemic decline of March 2020.”
  • Futures may have gotten a boost after China overnight cut a key benchmark rate for mortgages as Covid shutdowns hit the economy.
  • Take Away: With consumer sentiment waning, interest rates rising, and markets continuing to turn down, a consistent and complete used car inventory strategy is a must for any operator. Now is not the time to be sitting on bloat aged inventory.

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Hosts: Paul J Daly and Kyle Mountsier
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