insights INSIGHT Amazon's Car Venture
- Amazon now sells Hyundai vehicles online in 48 U.S. cities, acting as a middleman between customers and dealerships.
- This allows customers to finance, trade in, and arrange pickups via the Amazon app.
insights INSIGHT Dealership Dilemma
- Hyundai dealerships can opt into the Amazon program, potentially sacrificing some profit for increased volume.
- Dealers will monitor volume to decide if participating is beneficial.
question_answer ANECDOTE Limited Participation
- Asit Sharma explored buying a Hyundai on Amazon but found the nearest participating dealer was 54 miles away.
- This suggests that not all dealers have opted into the program.
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Get the appAs if everything weren’t already enough, Amazon now sells cars.
(00:14) Asit Sharma and Mary Long discuss:
- Disruptions to traditional car dealerships.
- Amazon’s next potential venture.
- The rise and fall of GM’s driverless ambitions.
Then, (18:40) Jim Gillies and Ricky Mulvey look at Aercap, an airline leasing company that sees debt as a “raw material.”
Companies discussed: AMZN, CVNA, HYMTF, GM, GOOG, GOOGL, AER
Host: Mary Long
Guests: Asit Sharma, Ricky Mulvey, Jim Gillies
Engineer: Rick Engdahl
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