Top 100 Used Dealers, Tesla and China Deal on FSD, New EV Insight Report

The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier

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We’re starting out on the last few days of the month with a look at the Top 100 Used Car Dealers in the US. We also take a look at the potential of Tesla’s deal with China’s Baidu, and what it means for Full Self Driving. We’ll also review the latest Experian EV insights report.

• Following the Top 150 Dealer List, Automotive News has released their list of the Top 100 Used Dealer Groups.
  • The top 100 dealership groups collectively sold 3,215,702 used vehicles in 2023, marking a slight growth of 0.1 percent from the previous year, indicating a stable used vehicle market despite economic fluctuations.
  • Top 10: Lithia Motors Inc., AutoNation Inc., Penske Automotive Group Inc., Group 1 Automotive Inc., Sonic Automotive Inc., Asbury Automotive Group Inc., Hendrick Automotive Group, Morgan Auto Group, Ken Garff Automotive Group, NR Hudson Automotive Group.
  • The top 10 dealerships alone accounted for 51.3 percent of the total sales among the top 100 groups, highlighting the concentration of market power within a small number of players.
  • Acquisitions and expansions were common strategies among the top performers, as dealerships sought to increase their market footprint and capitalize on economies of scale.
  • GOING TO BE AT ASOTU CON: Lithia, AutoNation, Group 1, Walser, Zeigler, Ourisman, Rohrman, McGovern, Fox Motors, #1 Cochran, Pohanka, Germain, DGDG, Carter Myers, Sam Pack.
    
• Tesla and China’s largest search engine and map provider, Baidu have sealed a deal enabling Tesla's Full Self-Driving system to operate in China, leveraging Baidu's crucial mapping licenses for navigation on Chinese roads.
  • Baidu will provide Tesla with a mapping license essential for the operation of its Full Self-Driving technology on public roads in China, enhancing Tesla's navigation capabilities with lane-level precision.
  • This partnership not only allows Tesla to legally collect vital road data in China but also clears significant regulatory barriers, setting the stage for FSD's deployment in one of the world's largest automotive markets.
  • It remains unclear whether the data collected through this collaboration will be owned by Tesla or Baidu
  • The deal coincides with Tesla CEO Elon Musk's recent visit to China, where he met with Premier Li Qiang (Pronounced: Channg)to discuss further approvals needed for FSD's rollout and data transfer protocols.

• Experian has released their Q4 2023 Electric Vehicles Year in Review and we’ve pulled out some (maybe surprising) insights that help us make a little more sense of the EV landscape.
  • Electric vehicle registrations continue to climb, representing 8% of all new retail individual registrations in 2023, up from 6% in the previous year.
  • The Tesla Model Y and Model 3 lead the pack in EV sales, dominating the market with substantial shares of 36.8% and 19.6% respectively.
    • Top three makes 2022: Tesla, Ford, Chevy In 2023 Tesla, Chevy, Hyunda

Hosts: Paul J Daly and Kyle Mountsier
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