#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
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.
Automotive media is experiencing a shift towards more transparency and embracing social media platforms.
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.
The Impact of EVs and Supply Shortages
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, particularly in the zero to five-year-old category, is leading to higher valuations and increased competition among dealers. In the future, automotive media is expected to continue evolving, with more transparency and a focus on providing valuable insights and information to consumers and industry professionals. Social media platforms are playing a crucial role in increasing transparency and engaging with the audience. The automotive industry is also facing challenges with software-defined vehicles and the integration of AI into cars.
The Changing Landscape of Automotive Media
Automotive media is experiencing a shift towards more transparency and embracing social media platforms. The industry has seen a democratization of information, with social media eliminating gatekeepers and providing direct access to consumers and industry professionals. The media landscape is evolving to meet the changing needs and preferences of the audience, with a focus on providing valuable insights and engaging content. Conferences and events play a role in bringing industry professionals together and fostering collaboration. The future of automotive media will likely involve a continued focus on transparency, adaptation to new technologies, and a commitment to providing valuable and reliable information.
The Evolution of Dealerships and Automotive Stocks
Dealerships are facing challenges and uncertainties, particularly with the rise of EV sales and supply shortages. The impact of EVs on dealership models and the changing dynamics of car ownership are still uncertain. Automotive stocks have seen fluctuations, with some publicly traded auto groups reaching all-time highs and focusing on profitability and growth. The future of dealerships will likely involve a focus on local markets, profitability, and adapting to changing consumer demands. The industry is constantly evolving, and the role of dealerships and automotive stocks will continue to evolve with new technologies and market trends.
The Future of Automotive Industry
The automotive industry is undergoing significant changes, including the rise of EV sales, supply shortages, and advancements in technology. The future is uncertain, with questions about the profitability of EVs, the impact on dealerships, and changing ownership models. Transparency and information sharing are becoming more important in automotive media, with social media platforms providing access to valuable insights and engaging content. The industry is adapting to new technologies and market trends, with a focus on providing transparency, profitability, and meeting consumer demands. The future of the automotive industry will likely involve continued evolution and adaptation to emerging technologies and market dynamics.