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How Steve Greenfield Wants to Change the Dealer’s Game Through Automotive Innovation
Each year, before the NADA Show, the Lighthouse Awards are presented by PCG Companies to executives who are influencing automotive innovation. This year, Brian Pasch and his team at PCG Companies chose Steve Greenfield, his CEO and founder of Automotive Ventures, for the award. On this episode of Inside Automotive, Greenfield and Pasch join host Jim Fitzpatrick to discuss the future of the award and his Automotive Ventures. watch the full segment here.
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Bank of America analysts shared the stance that recent price cuts to Tesla’s car lineup are likely to lead to higher sales this year. Tesla recently grabbed the headlines after the company began slashing prices on its vehicle lineup. The price cuts are expected to boost the company’s orders for electric vehicles. read more
Reuters reported that Ashok Elswamy, Tesla’s director of Autopilot software, testified that a video showing Tesla’s self-driving car was actually shown in 2016. Automakers have faced a series of challenges to their self-driving claims since the beginning of last December. California legislators have rules banning brands from using the term “fully self-driving” in their communications with the public. read more
Virginia Governor Glenn Youngkin, a rumored Republican presidential candidate, has rejected Michigan and Virginia’s demands to invest in a Ford battery plant. The core reason Youngkin canceled his Battery project was his opposition to the involvement of Chinese partners. “Ford is an iconic American company, but it has become clear that this proposal will be a front for the Chinese Communist Party,” Youngkin spokesman Macauley Porter said in an email to the Richman Times Dispatch. read more
Monthly US retail sales fell 1.1% in December, despite a slight but notable improvement in inflation and pricing. The end of 2022 was a stressful time for Americans as consumer finance tightened after two years of economic headwinds. Economists correctly predicted a decline in retail sales, but the news remains a disappointment for many who were hoping the market would rebound. read more
for dealers
Technology takes the guesswork out of car payments
What about monthly payments? This is a question on the mind of nearly every car shopper, and it’s important to answer it accurately when making a sale. Change can be difficult for an industry that has been entrenched in hands-on processes for decades. But like it or not, technology is reinventing the automotive world end-to-end, and with that change comes better internal systems and an enhanced customer buying experience. read more
How to make dealer safety training less boring and confusing
A difficult aspect of running a business is safety training, and this is especially true for car dealerships. Many dealers are quite successful in many ways, but some believe that safety training could be improved to help their business be better protected from accidents and injuries.However, if training is boring Let’s look at some ways to make safety training less boring and more effective for everyone involved. read more
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