ASOTU | More Than Cars on LinkedIn: #usedcars #automotivenews #cardealers #automotiveindustry #oem (2024)

ASOTU | More Than Cars

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Quick update on the auto market: Cox Automotive Inc. notes a solid sales month with 1.5 million used cars leaving lots, up 5% from last year — (can anyone say, tax season boost?!)The average used car went for $25,540.Even though that's a MOM increase, it's 4% cheaper than last year.And while overall used car supply is up 6% YOY, finding a used car under $15K is still tough, with a 33-day supply. Major brands like Ford Motor Company, Chevrolet, Toyota Motor Corporation, American Honda Motor Company, Inc., and Nissan Motor Corporation are leading the pack and accounting for nearly half of all sales...at an average price of $23,089, which is 9% under the overall average!! 👊 Read our full deep dive for more commentary: https://lnkd.in/eH-q44nj__#usedcars #automotivenews #cardealers #automotiveindustry #oem

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  • ASOTU | More Than Cars

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    ASOTU CON is a must-attend for dealers seeking to navigate the evolving landscape of automotive sales. It's an event where the spirit of unity fuels progress and learning, and where each handshake has the potential to unlock new pathways to success.Highlighted by our keynote speaker, Will Guidara, who authored and embodies 'Unreasonable Hospitality' - he will unpack how applying that mindset and method will help dealers not just survive, but thrive by exceeding customer expectations during the consumer journey. Attendees can expect to....Stay ahead of the curve:The automotive industry is constantly evolving. ASOTU CON provides essential insights into the latest trends, technologies, and consumer behaviors, helping dealers adapt and stay competitive.Learn from the best:The event features industry leaders who share their expertise on topics like digital transformation, customer experience optimization, and tackling challenges like EV sales. These sessions offer actionable takeaways you can implement immediately.Network and collaborate:ASOTU CON promotes organic networking, fostering connections with other dealers, industry experts, and potential partners. These relationships can lead to valuable collaborations and growth opportunities.Shape the future:Your voice matters! ASOTU CON allows you to actively participate in conversations that shape the industry's direction, ensuring your needs and concerns are considered.Break down stigmas:The conference works to change outdated perceptions of car dealerships, emphasizing transparency, authenticity, and community focus.Find solutions:Carefully selected exhibitors and sponsors showcase innovative products and services designed to solve the challenges modern dealerships face.It's a dynamic, ongoing conversation where every lesson is a step towards understanding and exceeding modern consumer expectations!!Here, learning goes hand-in-hand with experience, forming a holistic approach to automotive excellencePlus, we’ll also be hosting a Women of Color Automotive Network (WOCAN) breakfast/meet-up, The MARYLAND AUTOMOBILE DEALERS ASSOCIATION INC Annual Meeting, a Pitch Tank, Podcast Stage, an epic after party and even a car giveaway!Join the Movement: ASOTU CON is your ticket to not just keeping up but leading the pack. Be there in Baltimore, MD this May 14-17th!asotucon.com/tickets___#cardealers #carbusiness #automotiveindustry #dealers #auto #asotucon

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  • ASOTU | More Than Cars

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    If ya wanna be where other dealers are, it’s the Automotive State of the Union Conference. Yall are showing up in strong numbers on the list!! We love being with our dealer community, dealers love meeting other dealers…(…and of course we know our vendor collaborators love being with them too lol). So what are ya waiting for? Come join a couple hundred of your DEALER pals and industry folks in a fun, conversational, unique setting.Let’s get to having more than conversations folks…less than 3 weeks away 🔥👊🚗>> asotucon.com <<——-#automotiveindustry #cardealers #oem #dealerships #auto #carsales

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    Force Marketing has joined the Automotive State of the Union Conference as collaborators! 😎 Force is reshaping how auto dealers connect with customers, evolving from a direct mail agency to a full-service digital powerhouse over 15 years. They offer a slick mix of personalized messaging and cutting-edge marketing tools that enhance the entire consumer lifecycle. Their key solutions—like DRIVE® Dynamic Video, ATOM® Lifecycle Marketing, and the RECAPTURE® Program—help dealers deliver consistent, customized messages throughout the customer journey.From catching lost shoppers to boosting customer retention and even acquiring new inventory, Force Marketing gives dealerships the clarity needed with data-driven strategies and advanced tech. It’s all about smarter marketing that scales, engages, and converts, streamlining operations and amplifying reach in the automotive world with them. They're not just changing how to reach consumers through personalized messaging, they're changing the way consumers shop and then buy with a new kind of automotive marketing. 💪 Get ready to meet them this May 14-17th in Baltimore, MD!>> https://www.asotucon.com <<___#automotiveindustry #automotivemarketing #consumerlifecycle #cardealers #dealerships

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  • ASOTU | More Than Cars

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    When your keynote speaker immediately knows your his people by the shirt and mission you wear...you know you've picked the right one 😎 Love people more than you love.......cars, insurance policies, real estate, etc. Focus on the people, the profits will come 👊 Be there in person this May 14-17th in Baltimore, MD to learn from Will Guidara LIVE on the main stage at the Automotive State of the Union Conference! >> https://www.asotucon.com << _____#automotiveindustry #cardealers #unreasonablehospitality #dealerships #peoplefirst

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  • ASOTU | More Than Cars

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    Dive into the latest in fixed ops hiring and training with our panel discussion, "Real-Time Strategies for Fixed Ops Hiring and Training" with industry innovators as they unpack cutting-edge recruitment tactics and development strategies essential for today's automotive industry. We'll have Dan Shine, Senior Editor of Automotive News moderating the panelists: Liza Borches, President/CEO of Carter Myers Automotive, Patrice Banks, Founder of Girls Auto Clinic, and Adam Robinson, Co-founder/CEO of Hireology 🔥 (Before you read more, let it really sink in who we just mentioned and what experience they'll be bringing to the stage... 👀 sheesh!!!) From them, participants will learn how to attract, hire, and retain skilled professionals while keeping your team engaged and ahead of the curve. Key Takeaways:-Cutting-edge recruitment tactics tailored to the current job market.-Best practices for onboarding and training that accelerate team productivity and morale.-Strategies for fostering a workplace that promotes growth, learning, and retention.So don't miss out on transforming your fixed ops dept/hiring with the best practices that top dealerships are using right now! Tickets still on sale, but we've only got a little less than 3 weeks to go, so don't wait! >> https://www.asotucon.com <<___#automotiveindustry #automotive #cardealers #hiring #fixedops #carservice

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    Man, we've even got Caitlin Clark representing for team ASOTU CON 24 🤣 Who else is ready to get some slam dunk ideas and conversations going?!Time is ticking...just under 3 weeks away, so don't delay! https://www.asotucon.com____#automotiveindustry #cardealers #automotive #dealerships #auto

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  • ASOTU | More Than Cars

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    Brian Sorrell brings over 30 years of experience in automotive retail to his VP role at The Presidio Group and he'll be sharing his insights on the main stage at the Automotive State of the Union! (Fun fact: Did you know The Presidio Group has done 270+ Transactions with $18.0+ Billion in Automotive alone? 👊 )With a rich background that includes leading financial operations for large dealership groups and spearheading M&A activities, Brian is a wealth of knowledge for dealers looking to navigate the complex financial landscape.Before Presidio, he held significant roles at Greenway Automotive, Prime Automotive Group, and Asbury Automotive Group giving him an edge into understanding dealer needs. During the main stage panel he'll be on "Should I Stay Or Should I Go? How To Balance Valuation, Profitability, and Legacy," where dealers will gain valuable insights from Brian and other leading M&A experts, on how to handle dealership transitions effectively, key tactics in market valuation, strategic planning, and the sales process. This discussion will provide strategies for maximizing financial outcomes while maintaining a respect for legacy, and his extensive background in financial operations and mergers / acquisitions will be key.Come join the conversation to ensure you'll know how to navigate transitions profitably and honorably in this ever-changing automotive market.Tickets are still on sale, but don't delay - they are moving QUICK! >> https://www.asotucon.com <<---#automotiveindustry #cardealers #dealerships #automotive #mergers #acquisitions

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  • ASOTU | More Than Cars

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    It’s the last Friday of the month as we pay tribute to a Ford leader who broke the mold. We also talk about a hot debate over legacy OEMs flirting with DTC models as well as consumer luxury purchases going on the rise. https://lnkd.in/evJJMKAFThis morning we pay tribute to Don Petersen, a transformative leader who guided Ford through a critical phase in the 1980s.-Petersen, who passed away at 97 on Wednesday was at his home near Detroit in Bloomfield Hills, Mich., his niece Laura Peterson told Automotive News in an email., was celebrated for prioritizing quality and innovation, dramatically boosting Ford's market share and profitability.-Under his leadership, Ford introduced influential designs like the aerodynamic Taurus and Mercury Sable, shifting industry standards towards more customer-focused products.-He was known for fostering a collaborative workplace, which contrasted sharply with the autocratic styles of previous Ford executives. But at times was also said to have had some passionate outbursts. -Petersen also spearheaded strategic acquisitions, notably purchasing a controlling stake in Hertz and increasing Ford's investment in Mazda, which significantly expanded Ford's global footprint and technological capabilities.https://lnkd.in/eB9xp4ipA recent Automotive News editorial is highliging a hot topic we’ll be discussing with the President’s of NADA and several State ATA’s on the main stage at ASOTU CON. -Dealer associations are lobbying against direct sales models for new brands like VW Group’s Scout and Honda’s Afeela, pushing for adherence to traditional franchise systems amidst a slowdown in EV market growth.-Tensions rise as dealers threaten to withhold service and parts for brands pursuing direct sales, fearing the impacts on their business model and the established relationships with legacy automakers.-The advertisem*nt by state dealer associations in Automotive News underscores a significant industry rift, as they urge legacy automakers to reconsider direct sales strategies that could bypass traditional dealerships.-"We believe there is a difference between a brand recently born and one seeded, nourished and grown under the protective arm of a legacy automaker," emphasizes the importance of maintaining traditional retail models for established brands.https://lnkd.in/eCh83UK5Despite economic inflation, the U.S. luxury goods market has seen a substantial 86% increase in purchase intent from 2021 to 2024, according to YouGov's latest survey.-The survey reveals that 26% of respondents are likely to buy luxury items within the next year, a significant rise from 14% three years prior.

    Paying Tribute to Peterson, Dealer v. Direct, More Luxury Please www.linkedin.com

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  • ASOTU | More Than Cars

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    ON-SITE hotel rooms at the for the Automotive State of the Union Conference are officially, SOLD OUT. But we got you on close-by, local options with great rates still, here 👇 https://lnkd.in/e-xbHDgvWe kept pushing the venue for more, but that's all they have! If you still haven't gotten your tickets, there's still a little time but we're pacing to likely sell out of those too....so don't wait if you're on the fence 😉 >> https://www.asotucon.com << ___#automotiveindustry #asotucon #automotive #dealerships #cardealers

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  • ASOTU | More Than Cars

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    Once you realize you're in a supportive community, you do whatever you can to support that community.This episode features Nick Askew, a man of diverse backgrounds from music to car sales, who is now making waves in the auto retail industry as the Founder and CEO of Space Auto. Nick's journey is a fascinating blend of creative pursuits and entrepreneurial spirit, evidenced by his innovative approach to digital retailing in the automotive sector. His company, Space Auto, challenges traditional sales methods by integrating technology to enhance both customer and dealer experiences, advocating for a more human-centered approach in car sales.Listeners will be captivated by Nick's personal narrative, which includes turning life's unexpected turns into stepping stones for his career. Starting from his early days in a band to an unexpected entry into car sales, and eventually leading to his pioneering work at Space Auto, Nick's story is a testament to the power of embracing change and pursuing passion over security.Timestamped Takeaways:0:00 Intro with Paul J Daly, Kyle Mountsier and Michael Cirillo2:07 The meaning of "I Hold Gross"4:33 From Band To Car Sales7:01 Why Nick Loves Car Sales9:31 The Decision To Start Space Auto22:06 Space Auto's Philosophy and VisionLearn more about Space Auto: https://space.auto/Nick Askew is the Founder & CEO of Space Autohttps://lnkd.in/g5Hu38Wyhttps://space.auto/

    For The Sake of Retail Auto with Nick Askew |.Auto Collabs www.linkedin.com

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ASOTU | More Than Cars on LinkedIn: #usedcars #automotivenews #cardealers #automotiveindustry #oem (2024)
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