Crowdstrike outages impacting the auto industry Unclear how widespread this is at the moment, but hopefully will be solved by the weekend.
Car Dealership Guy
Online Audio and Video Media
Follow me for transparent insights into the car market | 460K+ followers on X | Featured in Apple News & NY Post
About us
Car Dealership Guy — the internet's viral auto market commentator and economy-whisperer — shares transparent insights into the car market. Get all my free car market insights at dealershipguy.com.
- Website
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dealershipguy.com
External link for Car Dealership Guy
- Industry
- Online Audio and Video Media
- Company size
- 2-10 employees
- Headquarters
- USA
- Type
- Privately Held
- Founded
- 2022
Locations
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Primary
USA, US
Employees at Car Dealership Guy
Updates
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Wild 30 days for the car industry: • CDK hack disrupts business for +50% of car dealers for weeks • Now? Crowdstrike outage threatens even more dealership operations coming into a busy weekend. Unclear how widespread this is at the moment. CrowdStrike claims it has identified and fixed the problem… but reports of outages are still hitting my inbox.
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Stock prices for publicly traded dealer groups are behaving unusually: Compared to the S&P 500, the average public dealer stock price has surged sharply over the last week. Why is this odd? Q2 earnings calls are imminent, and the recent CDK cyber attack disrupted business for over half of US dealerships, potentially leading to negative news. It will be interesting to see the full impact of the hack on public companies, including who was most exposed – and who wasn't. For more dealership insights, check out the Haig Report: https://lnkd.in/dNmbeFBZ (Data via CDG partner: Haig Partners #haigpartnerspartner)
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NEWS: Former President Trump and his running mate J.D. Vance, pledge to reverse EV policy… Plus, new car days' supply shoots up due to sales disruptions and recent estimates show public EV charging sites outnumbering gas stations by 2032… Today’s top 3 stories in automotive: 1. During the final night of the Republican National Convention (RNC), Trump promised to end Biden’s EV “mandate” on his first day as President… https://lnkd.in/gnhJr4EB 2. Although, month-over-month, inventory dropped by 200,000 units, the average day’s supply at the beginning of July was up 110% to 116 days… https://lnkd.in/gRWhgxVh 3. According to Bloomberg, 704 new fast-charging sites were completed throughout Q2, up 9% from the previous quarter… https://lnkd.in/gZxPXqaE Read today’s automotive news, brought to you by Bumper: https://lnkd.in/gFZMip7Y
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2025 will go down as a massive turning point in automotive history: • There are 36 *new* vehicle launches planned for the year • Over 50% of these launches are for *electric vehicles* … 50%! We’re about to witness a fascinating case study in supply and demand. More insights from Polk and S&P Global here: https://lnkd.in/g5UGZrjK (Data via CDG partner: S&P Global #spglobalpartner)
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Experts warn that EV lease deals may be undermining automaker revenue… Plus, the latest models to be affected by recalls and wholesale used vehicle prices reversed course from June so far this month… Today’s top 3 stories in automotive: 1. When recently leased EVs return to the market, prices may be too weak for automakers to recoup their initial discounts... https://lnkd.in/gTsGB_G7 2. In just the past week, almost 800,000 car owners across three car brands will be getting recall notices in the coming months… https://lnkd.in/gXr9Tb3S 3. Wholesale used car prices in July show further signs of slowing depreciation… https://lnkd.in/gVEX3KzJ Read today’s automotive news, brought to you by Bumper: https://lnkd.in/gbHypdpH
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Electric Vehicle Expert: The Inconvenient Truth About Electrification • Can the US power grid handle electrifying all cars? • EV tariff costing dealerships $100M /yr • Best automaker EV charging programs and much more! My conversation with Chris Nihan, President of EVready Energy is live! Stream it now - Apple: https://lnkd.in/e22GuXiy Spotify: https://lnkd.in/eYbSRr62 YouTube: https://lnkd.in/eS2NN6eV
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Controversial topic: Can the US electric grid handle the EV transition? Chris Nihan, President of EVready Energy, gives us his expert opinion: #evreadyenergypartner
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The economics of new car sales have reversed: And this chart shows exactly why. According to Lendbuzz : In July ’22, new vehicles were selling 8.6% *above* MSRP, on average. Today? Vehicle prices have reached pricing parity — even dipping below MSRP in March and May. And while this data represents only a piece of the entire new car market… It does highlight the extent to which new car sales have normalized. Because this IS normal. It’s not 2021 anymore, and the car industry needs to focus on more (!) than just inventory to drive profitability. Learn more about Lendbuzz: carguymedia.com/4cbf0nq (Data via CDG partner: Lendbuzz #lendbuzzpartner)
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Tesla Cybertruck sales race past F-150 Lightning in Q2… Plus, why the automotive industry finds itself in a perfect storm for repossessions and Penske adds $550 million in annual revenue with its latest acquisition. Today’s top 3 stories in automotive: 1. How Tesla’s Cybertruck sales stack up against the rival F-150 lightning… https://lnkd.in/gAubcnyb 2. Repossessions have increased 14% compared to before the pandemic. What’s behind the surge? https://lnkd.in/gbdQjJz9 3. Penske Automotive Group has purchased the world’s top-selling Ford dealership… https://lnkd.in/gddysPUW Read today’s automotive news, brought to you by Bumper: https://lnkd.in/g3tkKP4w