On this episode of Inside Automotive, anchor Shyann Malone sits down with Kevin Tynan, senior automotive analyst for Bloomberg Intelligence, to dive into the hard-hitting headlines that are rippling throughout the industry. From Monterey Car Week to the looming United Auto Workers (UAW) strike, their discussion provides a glimpse into the automotive sector today.
Tynan has over 20 years of experience in investment research and is one of the original members of the Bloomberg Intelligence team. His career began at Argus Research, where he analyzed global automotive sectors. He has also been recognized by both The Financial Times and Forbes for his predictive accuracy. He earned a B.S. in Business Economics from Saint Anselm College and holds an MBA in Finance from St. John’s University.
Key takeaways
1. Tynan shares his experience attending the Monterey Car Week, highlighting the passion he saw for vintage, exotic, and collectible cars.
2. Tynan discusses the resurgence of 80s-era vehicles at Monterey Car Week, like the Mazda RX seven, Lamborghini Kosh, Datsun 280s, Toyota Supers, and Mitsubishi 3000 GT.
3. Malone and Tynan touch on the transformation of the automotive industry and theorize what type of vehicles and technology car buyers want in the coming decades.
4. The pair discuss the electric vehicle (EV) transition, noting how car makers are perceived more as tech companies. Tynan also expresses some skepticism about whether or not these companies can sustain high valuations long-term.
5. In light of the looming strike from the UAW, Tynan explores the balance of power between unions and automakers. The UAW seeks better compensation, and given the limited supply of cars, the likelihood of a strike and its subsequent effects on the industry could be enormous.
"I think we're kind of getting to the point where maybe demand [for electric vehicles] is flagging a little bit. There's a little bit of oversaturation in terms of the product that's out there, and the early adopters are out, or bought their second and third ones. And really the middle of the bell curve hasn't really gotten there yet as far as demand." — Kevin Tynan
