15 min
Dealers Window Shopping, Honda’s Strong Showing, Snap Snubs Social The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
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- Business
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Welcome to Wednesday as we talk about the positive Dealer outlook toward acquisitions. We also cover Honda and Sony’s strong showing at CES, as well as some direct jabs at social media platforms from Snap’s CEO.
Despite profit concerns, over 75% of dealership group leaders express eagerness to expand their holdings, according to the Presidio Group’s Q3 Dealer survey. Presidio Group's survey reveals that nearly 79% of dealership leaders aim to acquire more stores in the next year, even as 11% consider selling with a majority foreseeing a dip in both profitability and dealership values, influenced by factors like higher interest rates and potential recession risks.Toyota, Lexus, and Porsche top the list of most desirable brands for store ownership, while expectations for domestic brands' values are less optimistic.Dealers prioritize enhancing their portfolio with preferred brands and building ROI as key motivators for acquiring new stores.Honda's CES showcase unveils the Saloon and Space-Hub electric concepts, marking a significant shift towards electrification with its new "Honda 0 Series."Honda's 0 Series, including the Saloon and Space-Hub, embraces a "Thin, Light, and Wise" design principle, representing a departure from traditional EV constraints.The Saloon features a sleek, sporty design with advanced steer-by-wire and motion control systems, while the Space-Hub offers a flexible, minivan-like space.Accompanying these concepts is a revamped "H" logo, symbolizing Honda's commitment to the evolving mobility landscape.The ‘o’ series will feature unique E-Axles and high-density batteries, focusing on efficient power delivery and reduced charging times.
Honda didn’t stop there as it also released a new version of it’s Afeela BEV in its collaboration with SonyThe updated Afeela prototype features traditional sideview mirrors, more substantial headlights, and a redesigned charging port and rear bumper.241-hp electric motors on each axle, all-wheel drive performance, Boasting a 91.0 kWh lithium-ion battery, Afeela supports DC charging up to 150 kW and AC charging at 11 kW, with range details yet to be released.Virtual and Real Launch: Set to be included in Gran Turismo 7 this year for virtual driving, Afeela orders will open in 2025, with a starting price around $45,000 anticipatedEvan Spiegel, Snap CEO, declares "Social Media is Dead" in an internal memo, focusing on Snapchat's future beyond smartphones and criticizing rivals for their shortcomings.Spiegel's memo, following stagnant revenue and layoffs, emphasizes a shift towards augmented reality and improved performance for users and advertisers.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.
Welcome to Wednesday as we talk about the positive Dealer outlook toward acquisitions. We also cover Honda and Sony’s strong showing at CES, as well as some direct jabs at social media platforms from Snap’s CEO.
Despite profit concerns, over 75% of dealership group leaders express eagerness to expand their holdings, according to the Presidio Group’s Q3 Dealer survey. Presidio Group's survey reveals that nearly 79% of dealership leaders aim to acquire more stores in the next year, even as 11% consider selling with a majority foreseeing a dip in both profitability and dealership values, influenced by factors like higher interest rates and potential recession risks.Toyota, Lexus, and Porsche top the list of most desirable brands for store ownership, while expectations for domestic brands' values are less optimistic.Dealers prioritize enhancing their portfolio with preferred brands and building ROI as key motivators for acquiring new stores.Honda's CES showcase unveils the Saloon and Space-Hub electric concepts, marking a significant shift towards electrification with its new "Honda 0 Series."Honda's 0 Series, including the Saloon and Space-Hub, embraces a "Thin, Light, and Wise" design principle, representing a departure from traditional EV constraints.The Saloon features a sleek, sporty design with advanced steer-by-wire and motion control systems, while the Space-Hub offers a flexible, minivan-like space.Accompanying these concepts is a revamped "H" logo, symbolizing Honda's commitment to the evolving mobility landscape.The ‘o’ series will feature unique E-Axles and high-density batteries, focusing on efficient power delivery and reduced charging times.
Honda didn’t stop there as it also released a new version of it’s Afeela BEV in its collaboration with SonyThe updated Afeela prototype features traditional sideview mirrors, more substantial headlights, and a redesigned charging port and rear bumper.241-hp electric motors on each axle, all-wheel drive performance, Boasting a 91.0 kWh lithium-ion battery, Afeela supports DC charging up to 150 kW and AC charging at 11 kW, with range details yet to be released.Virtual and Real Launch: Set to be included in Gran Turismo 7 this year for virtual driving, Afeela orders will open in 2025, with a starting price around $45,000 anticipatedEvan Spiegel, Snap CEO, declares "Social Media is Dead" in an internal memo, focusing on Snapchat's future beyond smartphones and criticizing rivals for their shortcomings.Spiegel's memo, following stagnant revenue and layoffs, emphasizes a shift towards augmented reality and improved performance for users and advertisers.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
15 min