Nicholas Horan

„Tavares said the challenge for automakers was to sell EVs, whose production costs are 40% to 50% higher, at the same price as equivalent petrol models. This forces them to cut costs at every level of their operations, including supply chains and logistics. "You are going to see a huge shift of the supplier base. The sourcing will move from the Western world to the best cost countries," he said during the Bernstein Strategic Decisions conference. "The EV race has become a cost cutting race," he added. Tavares, the head of a company whose brands include Fiat and Peugeot said the EV transition was being held back by affordability, with customers reluctant to buy expensive EVs unless supported by governments through incentives. "The Western world consumer is telling the Western world government, okay, there is the global warming issue, fine, but if you don't help me, I will not help you," he said. Stellantis would continue to bet on multi-energy platforms -- those created for EVs but that can also underpin hybrid electric-petrol vehicles -- to retain flexibility in its ranges.“ #change #electromobility #electrification #automotivesuppliers #automotivemanufacturing Thanks for sharing, Matt Hannah

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Here is Automotive News' latest data-centric project: Top 100 U.S. dealership groups ranked by used-vehicle sales in 2023. https://lnkd.in/gNX3NkdD A special thanks to Mary Raetz and Heather Rowe of the Automotive News Research & Data Center, who compiled and sorted the Top 100 data and answered each data-related question I had during the writing process for this. This package also wouldn't be possible without a lot of other careful human effort, including contributions by AN's design, social media, web, multimedia, editing and copy editing teams. I'm especially glad for Amy Butters' careful reviews of the copy that went into this package. ICYMI: Read Gail Kachadourian Howe and Julie Walker's breakdown of the Top 150 dealership groups (by new-vehicle sales in 2023) here: https://lnkd.in/gT-kjdTk We're also looking to build out our list of retailers who sell only used vehicles. If you operate one, submit your contact information at the following link to receive a survey about it: https://lnkd.in/gWmj2zPN

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🚨 Automotive ID Fraud: The $619 Million Problem You Can't Ignore 🚗💳 We just got our hands on the IDScan 2024 Automotive Fraud Report, and the numbers are shocking. Here's what every dealership owner needs to know: 1️⃣ 4.15% of IDs scanned in automotive showed signs of fraud. That's 1 in 24 customers! 2️⃣ ID fraud cost our industry $619 MILLION in 2022 alone. 3️⃣ 79% of dealerships have experienced identity fraud-related vehicle loss. Are you one of them? 4️⃣ Most fraudulent IDs claim to be males aged 36-55. But here's the kicker - over half are from out-of-state! 5️⃣ October saw fraud rates DOUBLE the yearly average. Is your team ready for the next spike? 🤖 AI-generated fake IDs are the new frontier. But there's hope - 90% were caught by advanced verification systems. TAKEAWAY: The old ways of ID verification are dead. It's time to evolve or risk becoming another statistic. At QoreAI, we're obsessed with staying ahead of these trends. Our AI-powered identity verification doesn't just catch fakes - it adapts to new threats in real-time. How is your dealership combating ID fraud? Are you still relying on the "eyeball test," or have you embraced AI-driven solutions? Share your experiences below. Your insights could save a fellow dealer tens of thousands of dollars. 👇 Want to learn how QoreAI is revolutionizing automotive identity verification? DM us for a chat. Let's protect your dealership together. 🛡️ #AutomotiveFraud #IdentityVerification #DealershipSecurity #QoreAI

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80% of ADAS calibrations needed after collisions or vehicle repairs, and mandated by OEMs, are being skipped or overlooked. 

 That represents 37% of total repair costs and up to $1540 per repair. So it’s not just safety the industry is neglecting.
It's billions of dollars in overlooked revenue. As an industry, we have to collectively close the gap and ensure vital repairs aren’t overlooked.

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The automotive retail industry is known for long-held stereotypes about its workers and roles. To say it’s a misunderstood industry is an understatement at best. Nearly 2 million people were employed in the motor vehicle industry over the last 18 years, contributing to this multitrillion-dollar sector’s success, and dealerships are a big part of it. So, we surveyed 300 current dealership employees in the 2024 CDK Dealership Workplace Study to understand what level of job satisfaction and enthusiasm they’re experiencing, what motivates them, and what would make them leave. We also talked to 100 former dealership employees for their take on why they left the industry. There are surefire positive takeaways for store leadership, including a job satisfaction rate far higher than the national average. But there are also some signs of alarm around the types of benefits and pay that are missing the mark. The study digs into the likely factors such as benefits and compensation as well as other workplace issues related to expanding skills; diversity, equity and inclusion; and leadership impact, to name a few. It also uncovers which industries former auto retail employees transitioned to when they opted to leave the car lot for good. We share four key takeaways that address ways dealer leaders can shore up a loyal and long-term staff in order to build a successful and profitable business to meet customer needs and expectations that are top of mind for dealer owners everywhere right now. https://eb1x.co/aOddJtb

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"Most of them don’t include adequate measures to prevent misuse and keep drivers from losing focus on what’s happening on the road." - David Harkey, President of IIHS. IIHS's latest ratings on partial driving automation systems shed light on crucial safety concerns. Learn more about the findings here ⬇️ #IIHS #DrivingAutomation #AutoTech #RoadSafety

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Rebecca (Becky) Chernek knows car dealerships face revenue challenges, and the F in F&I is an untapped revenue potential area. With margins eroding, the F in F & I is one area that’s been untapped for revenue potential. Thanks, Becky for sharing your thoughts. Good news, Agora Data, Inc. is opening up this potential in subprime. Dealers don’t have to change their processes, just their thinking. Agora has made it incredibly easy for dealerships to add a revenue stream while ensuring compliance, legal, technology, and capital requirements are met. #autofinance #autofinancing #fintech #profitablefrowth #finance #automotive #dealers #captivefinance #revenue #agora #agoradata #subprime

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Collision is hard. Read this Case Study about how Opus IVS's collision support gave O’Hare Auto Body top-notch assistance that impressed its Lead ADAS/Scan Technician. You'll learn how O'Hare benefitted from using: CCC Integration, IVS 360, and ADAS calibrations. Download: https://loom.ly/qCS5cSs #collision #casestudy

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Incentives drive behavior within the parameters of affordability. In a need-based demand market like this, affordability trumps incentives. The Automotive Advisor Team helps dealers build inventory plans based on market-driven insights as well as the dealer’s specific inventory around their local market’s demand by price and segment. It's important to be cautious of overgeneralizations using historical automotive KPI performance trends that no longer fit as they once did in our new post-COVID auto market. Frank Knox Brian Kramer David Long

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🔥🚙 🚀Used Car Managers, General Managers, Dealer Principals, and Automotive Professionals 🚗🔥🚀 The auto industry is changing fast…DON’T GET LEFT BEHIND! This Friday, July 19th starting at 9AM EST/ 6AM PST... John Ellis, Brian Kramer, Tommy Gibbs, David Long, Vasilios Lambos, Jasen Rice, Brian Miller, and more of automotive’s brightest minds share the latest industry trends, sales strategies, and insider tips to ensure your dealership thrives in a competitive market. David Long’s All Things Used Cars. Jump in the conversation or be a 🪰on the wall like me! Either way, you'll walk away with profit-boosting insights to grow your bottom line immediately. 💰💲💵💪🤑 Look in the comments for a link to RSVP. You'll be texted a reminder once the room opens up. #AutomotiveIndustry #cardealers #usedcarsales #newcarsales

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Subscribe to JATO’s monthly Strategy & Innovation Newsletter, bringing the latest industry news round-up to your inbox. Find the latest edition here: https://hubs.li/Q02tLyZ00 #Automotive #AutomotiveNews #CarNews

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I'm writing a lot about EVs lately, but also still cover the regular old auto industry. Collision repair is actually probably a very interesting topic for my EV columns, as well. In any case, collision repair techs are marginally happier in their jobs than auto dealership service techs, this study finds. My story for Automotive News. #collisionrepair #autodealership #duckercarlisle #retailautomotive

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Don't let those tricky ADAS calibrations throw a curve into your process. We're here for you! We've got same day/next day pickup and delivery, the same OEM tools as the dealers, all the documentation you need...let us be your calibrations go-to! #ADAS #AVSC #calibrations #collisionrepair #sublet

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🚀 Diagnostic Trouble Codes (DTC) – A Guide For Automotive Professionals 🚀 The DTC extends for Diagnostic Trouble Code. DTC is an unique numerical value for each fault. This is nothing but also called fault code. Each ECU will have unique identifier for each fault. This is very important to learn DTC because of its vast use in every vehicles for diagnostic purpose. It will also help us in our daily life to know the problems early and fix it. So that we will not have any problem on the road or in some urgency time. So lets start this topic instead of waiting. For more details click the link below: 👇 https://lnkd.in/gVc2zWsM #AutomotiveDiagnostics #DiagnosticTroubleCodes #DTC #OBD #VehicleDiagnostics #AutoRepair #CarMaintenance #Mechanic #EngineDiagnostics #AutomotiveTechnology #CarRepair #AutomotiveIndustry #VehicleRepair #AutomotiveEngineering #OBDIIScanner #VehicleMaintenance #AutoTech #CarTroubleshooting #VehicleSystems #AutomotiveProfessionals

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As ADAS technology continues to evolve, it's becoming increasingly crucial for the automotive industry to address its impact on vehicle customization. A recent Wards Auto article by Brian Herron, CEO of Opus IVS, dives into the challenges posed by advanced driver-assistance systems (ADAS) and the need for collaboration within the industry. Key takeaways: 1️⃣ Standardized procedures and guidelines for vehicle customization are essential to ensure safety and compatibility with ADAS. 2️⃣ Cooperation between OEMs, aftermarket entities, and regulatory bodies is necessary to develop these standards. 3️⃣ Balancing consumer demands for customization with the complexities of ADAS requires innovative solutions. #vehiclecalibration #OpusIVS https://loom.ly/IX9byDM

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