12 min
Jolting EV Repairs, Masters Degree In Auto, Mc’D’s New Idea The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
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- Business
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It’s a new week, meaning new opportunities in the retail auto industry. Today we’re covering why EVs cost more to repair than ICE vehicles, Northwood University’s new Master’s Degree, and McDonald’s new restaurant spinoff.
Electric vehicles (EVs) are proving costly to repair after accidents, surprising many owners with high bills and extended repair times.
A recent Wall Street Journal article said that repairs for EVs are generally more expensive than gas vehicles due to the need for more replacement parts, complexity, and fewer specialized repair shops.On average, EVs cost $6,587 to repair post-collision, versus $4,215 for traditional vehicles, with insurance premiums also being higher for EV owners ($357/month for EVs vs. $248/month for ICE).Special considerations like lithium-ion battery risks and the use of exotic materials like aluminum in EVs add to repair costs and complexity.According Scott MacFiggen’s neighbor backed into his R1T pickup truck last summer, he faced a $22,000 repair bill and 2½ months wait, reflecting a common trend among EV owners.Despite current challenges, signs point to potential cost reductions as spare parts supply increases and more repair shops gain expertise.“People are used to hearing that EVs have fewer parts than a combustion vehicle, but that is not the case in collision repair,” - Marc Fredman, Chief Strategy Officer, CCC Intelligent Solutions.
Our friends at Northwood University are launching a first-ever specialized Master of Science in Organizational Leadership, which will provide in-depth exploration of auto industry-specific challenges and leadership skills.
Features automotive-focused readings and cases, interactive and experiential learning scenariosFrom the Auto Remarketing article: The program, designed for participants with diverse auto industry experiences, offers a path for graduates of Northwood’s automotive marketing management and automotive aftermarket management programs, creating “a unified and comprehensive educational journey,” Northwood said in a news release.Flexible 24 month online format w classes starting on Jan 15th.
McDonald's is further unveiling CosMc's, a secretive new restaurant spinoff, stirring intrigue and speculation in the fast-food industry and from one influential tik-tocker
Based on a little-known McDonaldland character from the late '80s, CosMc's aims to blend McDonald's core essence with a distinct personality.The first presumed location is in Bolingbrook, Illinois, where a retro-style building and multiple drive-thru lanes can now be seen, hinting at a focus on quick service.Social media buzz suggests a shift towards McCafe-style offerings over traditional fast food, potentially challenging Starbucks.McDonald's has kept details under wraps, planning to reveal more during its investor day conference.Hosts: Paul J Daly and Kyle Mountsier
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JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
Read our most recent email at: https://www.asotu.com/media/push-back-email
Shoot us a Text.
It’s a new week, meaning new opportunities in the retail auto industry. Today we’re covering why EVs cost more to repair than ICE vehicles, Northwood University’s new Master’s Degree, and McDonald’s new restaurant spinoff.
Electric vehicles (EVs) are proving costly to repair after accidents, surprising many owners with high bills and extended repair times.
A recent Wall Street Journal article said that repairs for EVs are generally more expensive than gas vehicles due to the need for more replacement parts, complexity, and fewer specialized repair shops.On average, EVs cost $6,587 to repair post-collision, versus $4,215 for traditional vehicles, with insurance premiums also being higher for EV owners ($357/month for EVs vs. $248/month for ICE).Special considerations like lithium-ion battery risks and the use of exotic materials like aluminum in EVs add to repair costs and complexity.According Scott MacFiggen’s neighbor backed into his R1T pickup truck last summer, he faced a $22,000 repair bill and 2½ months wait, reflecting a common trend among EV owners.Despite current challenges, signs point to potential cost reductions as spare parts supply increases and more repair shops gain expertise.“People are used to hearing that EVs have fewer parts than a combustion vehicle, but that is not the case in collision repair,” - Marc Fredman, Chief Strategy Officer, CCC Intelligent Solutions.
Our friends at Northwood University are launching a first-ever specialized Master of Science in Organizational Leadership, which will provide in-depth exploration of auto industry-specific challenges and leadership skills.
Features automotive-focused readings and cases, interactive and experiential learning scenariosFrom the Auto Remarketing article: The program, designed for participants with diverse auto industry experiences, offers a path for graduates of Northwood’s automotive marketing management and automotive aftermarket management programs, creating “a unified and comprehensive educational journey,” Northwood said in a news release.Flexible 24 month online format w classes starting on Jan 15th.
McDonald's is further unveiling CosMc's, a secretive new restaurant spinoff, stirring intrigue and speculation in the fast-food industry and from one influential tik-tocker
Based on a little-known McDonaldland character from the late '80s, CosMc's aims to blend McDonald's core essence with a distinct personality.The first presumed location is in Bolingbrook, Illinois, where a retro-style building and multiple drive-thru lanes can now be seen, hinting at a focus on quick service.Social media buzz suggests a shift towards McCafe-style offerings over traditional fast food, potentially challenging Starbucks.McDonald's has kept details under wraps, planning to reveal more during its investor day conference.Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/
JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
Read our most recent email at: https://www.asotu.com/media/push-back-email
12 min