The most informed & connected source for analysis & insight about the automotive retail industry.
Detroit, MI
Joined July 2013
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The Banks Report retweeted
Grab a coffee and take 15 to watch the Monthly Industry Update video from the Cox Automotive Economic and Industry Insights team. Find out the latest on new and used sales, inventory and pricing, plus the Q2 Cox Automotive Dealer Sentiment Index. bit.ly/43RdC51
The Banks Report retweeted
Colorado’s first Ford dealer literally wrote the book on sales: bit.ly/3lHXm5G #NADACenturyAward
The Banks Report retweeted
Tomorrow, @Ford will confirm Q4 and FY22 earnings. Rival @GM turned in strong results earlier this week, will Ford follow?? U.S. sales last quarter were less than stellar, but ATPs were high and incentive low. As a preview, here's the topline numbers: bit.ly/3WWnsPh
The Banks Report retweeted
Doubling down on Cruise & autonomous -- apparently, GM knows something the rest of us don't. Great Q&A session with Jamie Butters @MittenHawk
.@GM CEO @mtbarra sat down with AN Executive Editor Jamie Butters (@MittenHawk) at an event hosted by the Automotive Press Association today in Detroit.
Barra spoke about:
▶️: GM’s investments in EVs.
▶️: @Cruise expanding its robotaxi service.
▶️: Upcoming UAW negotiations.
The Banks Report retweeted
When will majority of vehicles on the road be EV? According to @samabuelsamid — way beyond 2040. With 290M vehicles currently on road, it’s going to take a long, long time to replace 50% with EVs. Sam says maybe 10% by 2030. #ChicagoDrivesElectric
#MAMA2022FR
#MAMAELECTRIC22 – at Oakbrook Terrace, IL
The Banks Report retweeted
Is the auto industry seeing demand erosion? @Lebeaucarnews breaks down the latest numbers:
The Banks Report retweeted
.@BoschGlobal announced that they will be building a new hydrogen fuel cell plant in South Carolina. @Lebeaucarnews reports:
The Banks Report retweeted
Scott Painter announces latest venture -NextCar. For now, the NextCar website is a placeholder with only a press release
He is rumored to be putting together a SPAC to acquire Fair (which is now a used-vehicle leasing platform), along with other firms. NXCR.com
The Banks Report retweeted
On the surface, carmakers have staged a remarkable pandemic recovery. But within the walls of U.S. car plants, it's anything but normal trib.al/AQSGifO
The Banks Report retweeted
COVID revelations continue as #automotive dealers accelerate change using remote retailing strategies. In fact, you could say that more retailers are like Carvana than ever before....except these dealers are profitable!
linkedin.com/pulse/what-auto…
#digitalretailing #autodealers
The Banks Report retweeted
Breaking: @Ford says it's suspending vehicle and engine production at its manufacturing sites in continental Europe effective Thursday.
Says sites will be down "for a number of weeks."
The Banks Report retweeted
Ricart's speech is focusing heavily on disruption and how dealers have been forced to evolve. He said they'll continue to do so in 2020.
"We'll meet disruption at the door and no matter what the name is, we'll answer it."
The Banks Report retweeted
The GM strike has now been over longer than it lasted, but dealers are having big problems with replacement parts--that will continue into the New Year. We'll have the story with @AfternoonsWWJ If you're having issues, email me at [email protected] @WWJ950
The Banks Report retweeted
UAW says there will be no action tonite on possible strike by GM. Nothing will be decided until after the UAW GM council meets tomorrow. We're live @wwj950
The Banks Report retweeted
Another board nomination extension for @carsdotcom $Cars. This time to August 6th. And no announcement on annual meeting date or location. No update on sales process other than, "ongoing with multiple parties."
The Banks Report retweeted
We’re co-organizing The Marketplace Conference on 3/27 in SF and invite marketplace founders, execs, and investors. Transport speakers inc @Lyft, @Rollick, @SpotHero, and partners from @autotechvc, @BatteryVentures, @gcvp, @NEA, @NFXGuild, @sequoia, etc. marketplaceconf.com/
The Banks Report retweeted
We thank the @HoustonChron for covering our Q2 financial results and our launch of the Val-U-Line brand!
houstonchronicle.com/busines…
The Banks Report retweeted
Teardown Guru Finds Good, Bad in Tesla Model 3 Construction
bit.ly/2HtvCgd #TeslaModel3 #TeslaMotors @MunroAssociates
