Best stocks in the automotive industry

I'm staying away from these EV companies. Old school me is struggling to appreciate the stock market's desire to value things that aren't as tangible. Ford sells a lot more cars than Rivian and Tesla. And if Trump gets his way we are on track for cheaper gas again... V8 power please!!!
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ChatGPT - This is pretty awesome :)

Uncle Joe sees the world differently...
With self publishing being the cornerstone of SMB's, here's a 1st pass at AI creating a:

LinkedIn Professional Image Assessment​

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Professional Background​

Technology CEO/Founder in automotive software (FRIKINtech) and digital community leadership (DealerRefresh). Strong focus on improving dealer-customer relationships through technology solutions.

Assessment Purpose​

Enhance executive presence to build trust with automotive dealers and technology partners.

Overall Score: 72/100​

Industry Alignment (28/40)
  • Attire: 12/20 (Polo lacks executive presence)
  • Professional polish: 7/10
  • Industry styling: 9/10
Technical Quality (29/40)
  • Lighting: 10/15 (Overhead shadows)
  • Camera/framing: 12/15
  • Background: 7/10 (Car interior lacks distinction)
Brand Consistency (15/20)
  • Role alignment: 7/10
  • Profile cohesion: 8/10

Critical Priority Changes​

  1. Professional Wardrobe Update
  • Brooks Brothers Sport Coat ($498)
  • Custom dress shirts, 3-pack ($285)
  • Timeline: 1 week
  1. Professional Headshot Session
  • Executive package with top photographer ($650)
  • Indoor/outdoor options
  • Timeline: 2 weeks
  1. Lighting Equipment
  • Ring light with stand ($89)
  • Portable LED panel ($129)
  • Timeline: Immediate

Implementation Timeline​

Immediate
  • Order lighting equipment
  • Schedule photographer
  • Book wardrobe consultation
Short-term
  • Complete wardrobe updates
  • Professional photo session
  • Update all social platforms
Long-term
  • Quarterly wardrobe refresh
  • Bi-annual photo updates

Budget Overview​

Essential: $1,650
  • Professional photography
  • Basic lighting
  • Core wardrobe pieces
Full Enhancement: $2,500
  • Complete wardrobe refresh
  • Premium lighting setup
  • Quarterly touch-up sessions

Hey Alex. The good news is your 72 score was wayyy better than @todd.smith's 59 ;-)
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Vehicle Valuations vs Actual Sales Prices??

We let the vendors put a carrot in front of us with the "ratings" .... and we played along. How stupid are we?

Side note -- for a couple of the major metro markets I work in, there are dealers that do the whole "price includes a $x,xxx finance discount". Basically the price is only valid if you finance with the dealer. Have seen up to $2,000 in "finance discount". Then you have some dealers that do the the whole hard adds == "Price does not include dealer added accessories" .. blah blah blah.

Both these types of non-transparent price in these markets, and where pricing is used for the "algorithm", makes those fair/good/great ratings not worth anything .... if they were even worth anything before.



View attachment 9261
Speaking of (indirectly), has anyone seen any updates on the FTC CARS Rule?
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Vehicle Valuations vs Actual Sales Prices??

We let the vendors put a carrot in front of us with the "ratings" .... and we played along. How stupid are we?

Side note -- for a couple of the major metro markets I work in, there are dealers that do the whole "price includes a $x,xxx finance discount". Basically the price is only valid if you finance with the dealer. Have seen up to $2,000 in "finance discount". Then you have some dealers that do the the whole hard adds == "Price does not include dealer added accessories" .. blah blah blah.

Both these types of non-transparent price in these markets, and where pricing is used for the "algorithm", makes those fair/good/great ratings not worth anything .... if they were even worth anything before.



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Small town dealer, tips and tricks?

I am a merchandising guy, here we go... https://www.titanchevy.com/

#1) Play to your strengths, be real, be small and personal. You are a local craft beer & coffee shop, not a budweiser filled super market.

Fake backgrounding triggers some shoppers to think you photoshop all pics. (It only pleases dealer decision makers)
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Move your "Just Arrived" to the bottom of the SRP
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The Window Sticker link is LOST
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Vehicle Valuations vs Actual Sales Prices??

I am currently working for a smaller independent dealer and haven't been in the industry for too long, however I was just curious on some of the opinions and thoughts from veterans who have been in the space for awhile and have seen it evolve over the years. Is it even possible anymore to consistently sell cars at the NADA (or comparable) retail values anymore?
I just get the vibe from my short experience that these third party lead sites such as cargurus (especially), carfax, etc are in the business of increasingly overcharging dealers while creating a space where they push prices down in order to secure more visitors to their site. For example I am trying to sell one of my personal car through our dealership and while NADA values the clean retail at about $31,500, cargurus deems $28,500 a "fair" price and a "Good" price is closer to $25.5-27k. I find it crazy how something isn't even considered a "Great" deal until is is priced at $7k under an NADA value.
Is there a way anyone here has been able to break this cycle and are able to sell cars for what they are actually worth? As from my point of view it seems like these third party sites are creating, for a lack of better words, crabs in a barrel sentiment where dealers have to source increasingly cheaper inventory to compete and are conditioned to be content with ever decreasing margins on their units as the sites push for lower prices to benefit their own metrics rather than the benefit of dealers who keep their business operational in the first place. This probably came off more of a rant than I would like it to, however I am genuinely interested on others sentiment and perspective on this and all discussion to this thread is much appreciated. Thank you and I look forward to hearing others stances on this!
Welcome to Dealer Refresh.

I want to be sure to answer your question before I end up on a rant myself.

There are certain vehicles that easily sell for JD Power Retail Book. There are certain vehicles that consistently sell for more than that book number. And of course, there are certain vehicles that won't bring close to Retail Book.

Without telling you that it is a vehicle to vehicle thing, my general observation is that price point is a big factor in determining which category vehicles fall in. Anything under $10,000 consistently brings 15%-20% over retail. Form $10,000-$17,500?? falls from 10% over to even book. Anything over $30,000 consistently brings 10%-20% below retail. In between will fall from even book to below book as the price approaches that $30K

Example is a 24 Camry with 25K miles that we recently sold. We priced it at $28,500 to get anyone to look at it. We sold it for $28,500. It had a JD Power Retail Book value of $32,575. So it sold for $4,000 under book. That all sound terrible. The rest of the story...this was a very clean and nicely equipped car. ROUGH Trade was $24,200. We paid $23,130 for this vehicle.

The moral to the story is that JD Power is no longer a good tool for buying inventory. It is a good tool for selling and financing. When we are looking for inventory, we look at Car Gurus and CarFax to figure out what we have to price the vehicle in order to make it go away.

Hang in there and ask lots of questions.

Best stocks in the automotive industry

Eric, Rivian has my eye.
Recent news: Rivian Receives $6.6B Loan Approval to Build EV Production Facility

It's on sale. IPO'd $130, $170 high. Now at $12's
View attachment 9251

Rivian Receives $6.6B Loan Approval to Build EV Production Facility
Nov 27, 202410:20 EST
Rivian Automotive, Inc. RIVN has got conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to develop its electric vehicle (EV) production plant in Georgia. The announcement followed the inauguration of President-elect Donald Trump, who is anticipated to reverse many EV-friendly policies established by the Biden administration.

The Georgia facility, set to manufacture Rivian’s smaller and more affordable R2 SUVs and R3 crossovers, is expected to begin operations in 2028. However, Rivian has faced production challenges, including parts shortages and cost-cutting measures, which led to a temporary pause in the plant’s construction earlier this year. To conserve funds and expedite the R2’s production, Rivian plans to start building the R2 at its Normal, IL, plant in 2026, where it currently produces its R1S SUVs and R1T pickup trucks.

Per RJ Scaringe, CEO of Rivian, the loan would allow Rivian to expand its U.S. manufacturing capacity for its competitively priced R2 and R3 models, prioritizing capability and affordability. The company must meet technical, legal, environmental and financial requirements to secure the loan. Per sources, as part of the loan’s conditions, Rivian will not oppose unionization efforts at the Georgia facility, though unionization is not guaranteed. The company aims to finalize the loan agreement before the Trump administration assumes office.

This funding comes from the Advanced Technology Vehicles Manufacturing loan program, which has supported companies like Tesla, Ford and General Motors. RIVN had previously estimated the Georgia plant’s cost at $5 billion. The loan comprises $6 billion in principal and $600 million in capitalized interest.

The announcement follows Rivian’s recent $5.8 billion investment from Volkswagen as part of a joint technology venture. Despite the funding, Rivian faces significant challenges, including scaling production, heightened competition, high capital costs and the potential loss of EV tax credits under Trump’s administration. In 2022, RIVN secured $1.5 billion in state and local incentives for the Georgia facility and an additional $827 million for expanding its Illinois plant.
Yes, you know what's happening here. This is a gift right now.

Best stocks in the automotive industry

  • LI
  • NIO
  • RIVN
  • LCID
  • TSLA
Eric, Rivian has my eye.
Recent news: Rivian Receives $6.6B Loan Approval to Build EV Production Facility

It's on sale. IPO'd $130, $170 high. Now at $12's
1732896723624.png

Rivian Receives $6.6B Loan Approval to Build EV Production Facility
Nov 27, 202410:20 EST
Rivian Automotive, Inc. RIVN has got conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to develop its electric vehicle (EV) production plant in Georgia. The announcement followed the inauguration of President-elect Donald Trump, who is anticipated to reverse many EV-friendly policies established by the Biden administration.

The Georgia facility, set to manufacture Rivian’s smaller and more affordable R2 SUVs and R3 crossovers, is expected to begin operations in 2028. However, Rivian has faced production challenges, including parts shortages and cost-cutting measures, which led to a temporary pause in the plant’s construction earlier this year. To conserve funds and expedite the R2’s production, Rivian plans to start building the R2 at its Normal, IL, plant in 2026, where it currently produces its R1S SUVs and R1T pickup trucks.

Per RJ Scaringe, CEO of Rivian, the loan would allow Rivian to expand its U.S. manufacturing capacity for its competitively priced R2 and R3 models, prioritizing capability and affordability. The company must meet technical, legal, environmental and financial requirements to secure the loan. Per sources, as part of the loan’s conditions, Rivian will not oppose unionization efforts at the Georgia facility, though unionization is not guaranteed. The company aims to finalize the loan agreement before the Trump administration assumes office.

This funding comes from the Advanced Technology Vehicles Manufacturing loan program, which has supported companies like Tesla, Ford and General Motors. RIVN had previously estimated the Georgia plant’s cost at $5 billion. The loan comprises $6 billion in principal and $600 million in capitalized interest.

The announcement follows Rivian’s recent $5.8 billion investment from Volkswagen as part of a joint technology venture. Despite the funding, Rivian faces significant challenges, including scaling production, heightened competition, high capital costs and the potential loss of EV tax credits under Trump’s administration. In 2022, RIVN secured $1.5 billion in state and local incentives for the Georgia facility and an additional $827 million for expanding its Illinois plant.
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AI Shopping + Car Dealerships

AI Car Shopping Assistants​

Core Transformation​

AI assistants eliminate manual research effort, delivering transaction-ready buyers to dealerships. This transforms dealers from information/negotiation centers into product delivery hubs, enabling higher sales volume with optimized staffing.


1. Research Aggregation & Organization​

Shopper Benefit:
No more "Google pogo-sticking" between sites - AI assistant automatically harvests and refines personalized information
Dealer Impact:
Higher quality leads as buyers arrive research-complete, dramatically reducing staff time per transaction


2. Smart Vehicle Discovery​

Shopper Benefit:
Personal AI assistant continuously matches preferences against market inventory
Dealer Impact:
Higher conversion rates as inventory shown only to matched, qualified buyers in active purchase mode


3. Trade-In Optimization​

Shopper Benefit:
Real-time, multi-source valuation creates confidence in trade-in value
Dealer Impact:
Faster transaction cycles with pre-qualified trades increases possible deals per day


4. Total Cost Analysis​

Shopper Benefit:
Clear understanding of ownership costs including payments, insurance, maintenance
Dealer Impact:
Pre-qualified buyers with realistic budget expectations enable more efficient transactions


5. Streamlined Purchase Execution​

Shopper Benefit:
95% reduction in paperwork time through automated document processing
Dealer Impact:
Minimal negotiation and automated processing enables dramatic increase in transactions per staff member


Key Result: AI assistants handle the heavy lifting of research and qualification, delivering informed buyers ready to focus on product rather than process. This enables dealers to significantly increase sales volume while optimizing staff levels.
CopyRetry

AI Shopping + Car Dealerships

a personalized app for car shopping will likely pop up soon
My 2017 Design Challenge: "How would you destroy AutoTrader?"
Shopper facing Concept Mockup: Click Here

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Your Car Buying Assistant.
  • Glide learns about you then goes out to the Internet and brings you back money saving ideas! The more you use Glide, the smarter Glide gets.
SHOP FOR YOUR NEW CAR... ANONYMOUSLY
  • Glide shops for you at Car Makers, Car Dealers, Banks, AutoTrader, Kelly Blue Book and more! Next, Glide organizes it all for you and keeps you aware of price changes.
You'll love Glide so much! It'll even fill out your paper work in the dealership!

p.s. It's a MOCKUP, be nice ;-)

CDPs will be as inaccurate as CRMs

I have a friend that does BDC Consulting. She told me that the first thing she does when she goes into a dealership is go through the workflows that are set up in their CRM System. Over half of these CRMs have never had any workflows set up. They are in their "out of the box" state and were never properly taken through an Onboarding Process.
Guarantee this hasn't changed. When we were installing the Dealer.com/DealerTrack CRM, from 2012 to 2015, I don't recall hearing about a single store that didn't want to use our prebuilt workflows. Only a very small handful had made adjustments to the flows that were installed in their last CRM. This was hundreds of dealerships.

Right @john.quinn?

The workflows I built as a dealer were only changed a few years ago. I had been gone for over a decade before I noticed some of my old templates stopped hitting my inbox.
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CDPs will be as inaccurate as CRMs

I've seen it from both sides. Some partners aren't great for dealers at all and only are in it for themselves. Some partners are great for dealers but bad actor dealers try to use them looking for an 'easy button' to sell more cars etc. What I've personally seen is the bad actors lack the ability to put processes in place or lack the change management to use the tool given to them.

You can buy any fancy tool off the shelf to help build a boat. But if you don't know how to use it properly the boat isn't going to float.

Sometimes the tool is too progressive or complicated and the usage can get lost in translation. Whose fault is this? The vendor for making a complex tool or dealer who hired inflexible management unwilling to learn new skills?

My gut is most new tools being developed are technologically outpacing a lot of traditional dealerships ability to process them. As I know you've learned, being complacent and not asking questions isn't going to cut it these days.
Speaking to CRM specifically, that technology has been outpacing dealerships for quite some time.

I have a friend that does BDC Consulting. She told me that the first thing she does when she goes into a dealership is go through the workflows that are set up in their CRM System. Over half of these CRMs have never had any workflows set up. They are in their "out of the box" state and were never properly taken through an Onboarding Process. I asked her why she thought that was. Her response was right along the lines of what we are discussing here......they are complex systems and very difficult to set up unless you have a dedicated person that can do it. This discussion was about 5 years ago.
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Modified CRM Round Robin

Elead, vin, and socket all do this now. just limit the number of leads per person. on a round robin delivery. sales people 1 and 2 get 300 leads each 3 and 4 get 200 each and 5 gets 100. Simple.

personally i think they shouldn't have leads since they cant keep up with the follow-up. but that's another story
Round Robin between 1-5 equally until 5 gets to 100, so everyone evenly splits the first 500.
Round Robin between 1-4 equally until 3 & 4 get to 200, so 1-4 evenly split leads 501-900.
Round Robin equally between 1 & 2 for the remainder of the month.

While you say that it is simple, it won't work (in my opinion).

Modified CRM Round Robin

Elead, vin, and socket all do this now. just limit the number of leads per person. on a round robin delivery. sales people 1 and 2 get 300 leads each 3 and 4 get 200 each and 5 gets 100. Simple.

personally i think they shouldn't have leads since they cant keep up with the follow-up. but that's another story
There is a different approach for BDC vs Internet Sales Teams vs Cradle to Grave Salespeople. BDCs with an effective auto-dialer and workflow system can take north of 100 to 200 leads in a month no problem. Internet Sales Teams being fed from that BDC should be able to take up to 75 but general sales people who are taking lot-ups, phone ups, and cradle to grave web leads should be capped at the 45 web lead range, IMO.
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