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Stellantis boosts profits, Tesla beats Toyota, Chevy Bolt returns

Inside Automotive

Streamlining title and registration for out-of-state sales — Kane McCord | Automotive Titling Company
Kane McCord joins Inside Automotive to discuss the title and registration process and the complexities of inter-state sales.Finalizing a vehicle’s title and registration has been streamlined as technology revolutionizes the industry. But with software from leading vendors, dealers today are able to conduct more of that process online, expanding their reach to customers beyond their state’s borders. On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Kane McCord, chief executive officer of Automotive Titling Company, a market leader in processing interstate title and registration, to discuss how dealerships can expand their markets with out-of-state sales. Watch full segment here.

Top Stories

Stellantis reported record-breaking earnings for the first half of 2023 thanks to rising demand, higher prices and stabilizing supply chains.

Stellantis reported record-breaking earnings for the first half of 2023, attributing the success to rising demand and stabilizing supply chains. Over the first six months of 2023, the automaker saw revenue grow 12% year-over-year to an all-time high of $109 billion. This resulted in a 37% increase in net profit, which ended June at $12.1 billion. In its report, Stellantis noted that market conditions had improved from 2022, allowing for higher sales volumes and faster shipments of supplies. Read More

The California New Car Dealers Association (CNCDA) has released its second quarter 2023 California Auto Outlook report, which displayed a record success for Tesla's two best-selling vehicles.

The California New Car Dealers Association (CNCDA) has released its second quarter 2023 California Auto Outlook report, which displayed a record success for Tesla’s two best-selling vehicles. According to data from CNCDA and projections from multiple partners, the increase in plug-in electric car sales, particularly all-electric car sales, has considerably outperformed the general market. California saw an 11.6% year-over-year increase in new light vehicle registrations during the first half of 2023, reaching 905,752 vehicles. Read More

Car buyers are warming up to electric vehicles but continue to cite affordability as a key obstacle to making the switch from gas.Car buyers are warming up to the electric vehicle segment but continue to cite affordability as a key obstacle to making the switch from gas. Low-income shoppers are especially likely to object to the higher price tags of electric vehicles. Autolist, an online search platform for new and used car deals, recently conducted a survey to find the primary roadblocks to EV adoption. Of the 3,100 car buyers who responded, 42% indicated that battery-powered cars were too expensive. Read More

CEO Mary Barra has confirmed that a next-generation version of the Chevrolet Bolt is in the works. Barra says the upcoming Bolt EV will be based on GM's Ultium battery and drive technology and will continue to deliver what customers have come to expect: affordability, range, and technology. 

CEO Mary Barra has confirmed that a next-generation version of the Chevrolet Bolt is in the works. Barra says the upcoming Bolt EV will be based on GM’s Ultium battery and drive technology and will continue to deliver what customers have come to expect: affordability, range, and technology. Using multiple Ultium and Ultifi technological advances will enable GM to bring the well-liked model back “on an accelerated timeline.” Read More

For Dealers

Mary Barra is a prime example of a C-suite executive who has utilized inclusive leadership practices to drive meaningful change.How GM CEO Mary Barra uses inclusive leadership to drive change
Mary Barra is undoubtedly one of the greatest female pioneers in the automotive industry and was deservedly inducted into the Automotive Hall of Fame in 2023. She began her automotive career in 1980 and worked her way up the ranks, eventually being named Chief Executive Officer of General Motors in 2014. Part of Barra’s success to date is her inclusive approach to leadership, and the way she operates can give other automotive professionals great insight into what leadership methods may work for them. Read More

Guidance and commitment to education from the dealership will make customers more comfortable switching and staying with EVs.Navigating roadblocks: overcoming customer objections when selling EVs
As electric vehicles continue rolling into inventory, dealerships play a pivotal role in selling these vehicles and educating potential buyers about the ins and outs of EV ownership. Yet, the transition toward EVs is not without its challenges. Dealerships are frequently faced with addressing common objections from consumers – range anxiety, concerns over charging infrastructure, perceived high upfront costs, and uncertainties around battery life. So, let’s investigate these objections and explore practical strategies your team can employ to satisfy and instill confidence in potential buyers. Read More

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