U.S. proposes cuts to EV mileage ratings, GM doubles down on lithium mining, auto credit availability loosens

Inside Automotive 

Creative dealership marketing strategies that appeal to young customers — Kevin Frye
It’s crucial to engage with young consumers today as they are tomorrow’s buyers. On today’s Inside Automotive, we’re pleased to welcome back the Marketing Director at Jeff Wyler Automotive Family, Kevin Frye, to share his perspective on reaching young customers.. Watch the full segment here

Top stories

auto credit reportAuto credit accessibility improved slightly in March but continued to score lower compared to last year, according to a new Cox Automotive report. The research firm notes that the All-Loans Index grew from 98% to 98.2% over the last month, suggesting consumers were slightly more likely to be approved for an auto credit line. Read More

EV mileageTo achieve the government’s Corporate Average Fuel Economy, or CAFE, program requirements, the U.S. Energy Department, DOE, proposed lowering the mileage ratings for EVs. Which is a move that could compel other automakers to offer additional low-emission vehicles or upgrade current ones. Read More

GM Lithium EnergyXGeneral Motors has deepened its partnership with mining technology venture Energy Exploration Technologies Inc. (EnergyX) as it looks to establish a reliable lithium supply chain in the U.S. EnergyX uses direct lithium extraction (DLE), a process both companies say is more cost-effective and sustainable. Read More

EV sales decline, BMWDespite a decline in demand in the first quarter, BMW said it remains on track for slightly higher sales this year. Whereas, EV sales increased year-over-year to 64,647 vehicles, the automaker delivered 588,138 vehicles. However, BMW only saw its sales growth in the U.S. by 11.4% or 89,750 vehicles. Read More

For Dealers 

Petalite, petalite or castorite is an important mineral for obtaining lithium, battery industry, lithium source
Petalite, an important ore of lithium

Is there enough lithium? Why analysts are worried about the future of EVs
The transition to electric vehicles (EVs) is a major one for the auto industry and many analysts are concerned that we do not have enough of the necessary materials for it to be successful. This includes lithium, which is one of the most essential components of EVs. According to an assessment by the International Energy Agency (IEA), we may face lithium shortages by 2025 “unless sufficient investments are made to expand production.” Read More

4 worthwhile social selling methods for dealership sales staff
While social media platforms are pervasive in today’s society, using them effectively for business is equal parts art and science. This is especially true with car dealers that often underuse these potential gold mines. Read More

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Jaelyn Campbell
Jaelyn Campbell
Jaelyn Campbell is a staff writer/reporter for CBT News. She is a recent honors cum laude graduate with a BFA in Mass Media from Valdosta State University. Jaelyn is an enthusiastic creator with more than four years of experience in corporate communications, editing, broadcasting, and writing. Her articles in The Spectator, her hometown newspaper, changed how people perceive virtual reality. She connects her readers to the facts while providing them a voice to understand the challenges of being an entrepreneur in the digital world.

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