The electric vehicle industry hit an important milestone earlier this year when one million electric vehicles were sold in the US. This showed the industry was on a roll, but there was another story playing out on the ground. With sales growth stalling, many dealers were left with an over-supply, which led to a disconnect […]
The Shifting Sands of EV Truck Deposits: Unpacking the Financial Risks for Dealers and the Broader Market Implications
The growing electric vehicle market, especially the much-anticipated electric truck market, is a complicated situation with consumer interest in future models forming a complex network of possible financial liability of automotive dealers. With buyers continuing to make numerous deposits on different types of electric trucks under development, a trend has been created that puts dealers […]
The Automotive Reckoning: Dealers Fight for Relevancy as ‘Teslafication’ Intensifies Amid Seismic Industry Shifts
The automotive sector is at a crossroads and it is struggling with changes so radical that they are redefining the car retailing landscape. What used to be a very physical, negotiating experience is now being subjected to enormous pressure by digital innovations and the inexorable onslaught of electric vehicles. This tectonic change has increased the […]