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Autoline After Hours

AAH #711 - Bob Lutz Talks GM, Ford and Stellantis

Sep 20, 2024
Join auto industry icon Bob Lutz, a former top executive, alongside automotive experts Jack Keebler, Gary Vasilash, and journalist John McElroy. They dive into the pivotal shifts in the auto world, focusing on the transition to electric vehicles and the hurdles major players like GM and Ford face. The panel also discusses the impact of global competitors and the necessity for bold leadership in an evolving market. With insights into hiring practices and the future of SUVs and trucks, this conversation is a must-listen for auto enthusiasts!
01:02:28

Podcast summary created with Snipd AI

Quick takeaways

  • The automotive industry is grappling with post-pandemic challenges, including rising dealer inventories and a growing consumer aversion to higher prices.
  • The shift towards electric vehicles is complicated by economic realities and environmental concerns, despite regulations pushing automakers towards electrification.

Deep dives

Current Automotive Industry Challenges

The automotive industry is currently facing significant challenges, primarily stemming from the impact of COVID-19 on sales, which remain below pre-pandemic levels. As dealer inventories increase and consumer resistance to rising prices grows, incentives are on the rise, particularly as leasing options return to pre-pandemic levels. The average lease rate has risen to approximately 25%, indicating that many consumers may be struggling with traditional financing. This trend raises concerns about the future profitability of manufacturers, as existing residual values used for leasing estimations become less reliable in a cooling market.

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