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Car Dealership Guy Podcast

#22 Gatekeepers of Automotive media, Carvana avoiding bankruptcy, Integrating AI into your car, Making EV batteries obsolete, CDG’s announcement for 2024 | Cliff Banks, Founder, The Banks Report

Aug 11, 2023
58:01

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The rise of EV sales brings uncertainties about their impact on the industry and potential changes in car ownership models.
  • The decline in supply of used cars is leading to higher valuations and increased competition among dealers.

Deep dives

The Future of Carvana and EV Sales

Carvana's future is uncertain, with questions about their ability to sell cars profitably and potential bankruptcy. EV sales are seen as a potential driving force for the automotive industry, but the big question is whether customers will buy into the EV market. The supply of used cars is declining, leading to higher valuations and increased competition. The automotive industry is also facing challenges with software-defined vehicles and the integration of AI into cars. Automotive media is evolving, with social media platforms playing a significant role in providing transparency and information to consumers and industry professionals. The future of the automotive industry is likely to involve more transparency, changes in car ownership models, and the increasing influence of social media and technology.

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