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Show Notes with links:
Paul J Daly: 0:02
All right, we're doing it October 7. Nice full week. It is October 7, right?
Kyle Mountsier: 0:07
Yeah, I'm just on the wrong side.
Paul J Daly: 0:09
You looked at me funny. To do it himself. He showed up. That's a great way to start a Monday. If you haven't listened for a while. It is not a reason that I would get the date wrong, but I was pretty particular about putting it in the show notes today live stream. Kyle slept into the other side. I didn't realize it, but I was just looking at his face and I'm like, What did I do? That was
Kyle Mountsier: 0:34
so good, though, because the timing was sublime, because that normally would be my face when you're like, it's Thursday, October, it's
Paul J Daly: 0:42
actually Tuesday. Well, look, it sounds like we're ready for a week. Let's get let's get it out. Let's get it out in the beginning. We hope everybody had a great weekend. Sally was beautiful in a lot of areas. Just sun was out shining, people selling, people doing things. So that was kind of nice. We were living life in upstate here,
Kyle Mountsier: 1:01
man, thing in Nashville, it was so good. Yeah, yeah.
Paul J Daly: 1:05
I know there's a lot. I think just, you know, everything's kind of a light in October, you know, even with the sports scene, right? NFL playoffs in the MLB, the Savannah, bananas announced their world tour.
Kyle Mountsier: 1:18
I know, oh, they're coming to Nashville again. I'm
Paul J Daly: 1:20
like, please, 2 million people this year, a lot more parks, including a few NFL stadiums. So,
Kyle Mountsier: 1:25
yeah, some big stuff, and I'm messing around, you know,
Paul J Daly: 1:29
we'll get into some news and things. But we had an amazing webinar. Exact billings of wikimotive. This is the first time we've done content together. We've known them for a long time, but it was just an awesome, awesome conversation about how to get your marketing strategy and your in store process like together. We touched on a lot of areas. You can still get the recording. How do you do that? Homepage still
Kyle Mountsier: 1:51
Yep, homepage. So.com scroll down recording. Or head over to LinkedIn. You can scroll down. It's like the third post on our LinkedIn. Not good. You know? It was
Paul J Daly: 1:59
good. It was good. A few other things coming up, more than cars. Episode Four is releasing on November 13. So this is where we went to Mohawk, Chevrolet in just north of Albany, New York. Thanks to our friends at UVI for helping making this one possible. And I'll tell you what talk about, a team environment as we're watching and going through the edits like this is truly a team that operates like a team. There's a lot of sports throwback because we got a lot of athletes in there. We try some trick shots. Talk about their hit series the office. We get Grace Kerber on. And I think the outtakes might be one of the most entertaining parts, just when people think it's a great show, and then the outtakes hits you, any secrets? But I think what do we have right now? You can there's no sign up. I guess you could go to LinkedIn, our LinkedIn page. It's
Kyle Mountsier: 2:49
mainly LinkedIn page. There's an event right there, and just sign up, say you're coming. Yeah. So
Paul J Daly: 2:54
there's one way to figure out and stay on top of everything we're doing. If you didn't get on the email asotu com, get the email, and then you'll see all this, the links to all the things will be in there. But if not like and you like LinkedIn, follow the page on LinkedIn. Click events, go there, be there. Just get the email. Fam, just to get the email, because we're doing a lot these days. Yeah. What else? Anything else we need to talk about? Talk about, think that's all the stuff. Some news, okay, yes, setting up to be another sporty week as natural disasters like Hurricane Helene became very more, much more frequent, it seems. And with Hurricane Milton now facing down, Florida's Gulf Coast, insurance companies are reassessing their risk models. Auto Dealerships in particular, facing some unique challenges and protecting high value inventory managing insurance costs in the aftermath of the storms. Andrew Hoffman, professor of the University of Michigan, says these decisions will likely reflect trends, not just isolated instances like Helene, basically Helene. He noted dealerships may need to additional implement additional stormproofing measures if they want insurance coverage at all, and their total economic losses from Helene right now projected to be 225 billion. What? What? Including that's quarter of a trillion, including business disruption and infrastructure damage. Meanwhile, some dealerships are banding together to help those affected. Our friends in North Carolina, the Jim Ellis group in Georgia launched a relief campaign collecting essential supplies like you know, the toiletries, canned goods, food, formula, baby formula for Helene X impacted residents just next door right there in Carolinas, the group partnered with a vendor filled a 36 foot trailer with supplies, and They plan to make additional runs as recovery efforts continue. So man, it is like, wow.
Kyle Mountsier: 4:45
I'm just like, I'm always and continually proud of the effort the dealers put in to help each other, to help communities like it just doesn't get said enough. We'll say it till we're blue in the face, till everyone gets it. It always happens. And it continually will, um. Obviously Milton headed for the the West Coast again, of like just praying that thing just dies down somehow.
Paul J Daly: 5:12
I know as of right now, it's set to make landfall Wednesday night, or three count out of three right now. Yeah. Wow.
Kyle Mountsier: 5:21
So just Yeah, no, no crazy stuff there. Obviously, I'm sure all of Florida is paying attention. But if you're not give you peeps a heads up down there, in Fort Lauderdale, Tampa area, we know a lot of people down there. We actually have some staff down there. So yeah, we
Paul J Daly: 5:37
do at Christy. And don't want to forget too. Still in the North Carolina area. If you have a need, or know of a need and need some more attention to it. Please. We don't want to forget that there's so many people still in just so such a bad situation there. So we don't want to forget that. As you know, the rest of the world keeps spinning. Make sure you send us an email at crew, C, R, E, W, at asotu com, so we can help get as much attention and help to the areas that need it most. All
Kyle Mountsier: 6:02
right, real quick, before we go to the next story, I have an interjectory story only because we were just talking about insurance, and this is, this is like, I'm just going to throw this out there because it's, I think it's insider knowledge that I'm not even sure if I'm supposed to have. But I have a buddy that works for Geico that said they no longer will be supporting cyber truck as a vehicle that they will insure. So just like, so random anecdote about insurance, because we were just talking about, I have nowhere else to talk about it, but like, they just like, Nah, fam, we out on that business. We don't know how to fix that thing.
Paul J Daly: 6:38
Who knows what it's gonna cost? Like, total, total, that's an interesting one. Yeah, you really hear that on a single vehicle, right? It's wild, all right. That cyber truck business, uh, speaking of swooping in for all that business charging. How you, but you and I have been putting this concept into the universe for a very, very, very long time, taking it out there. Iona is taking EV charging to the next level with the opening of its first I like this rechargery. It's that just feels right. It's, of course, in APEX, North Carolina, offering ultra fast chargers and customer friendly amenity amenities. Apex is like, you know, in the Research Triangle, they call it Ayana is backed by eight major automakers, including BMW, GM, Honda, Hyundai, Mercedes, stellantis and Toyota. And its first rechargery will feature 10 fast chargers capable of 400 kilowatts, serving both CCS and NACS users not a bummer. They had to build that other one in there, like just for a little legacy. The Apex site, once an old gas station, symbolizes the transition from fossil fuels to electric EV infrastructure. So you can have a lounge, Wi Fi, food, coffee. We'll see how good the coffee is. Outdoor spaces, pet friendly spaces, places for drivers to relax while they're charging. And they plan to build, get this 30,000 fast EV chargers across the US by the year you know your friend and mine, do we still have it? There she goes. There's Kendall. She was on the series, morning show the we knew, or when sound right?
Kyle Mountsier: 8:25
Look, 30,000 still won't serve everyone. But this is what I'm excited about, and I'm this is what's cool. Like, if you harken back to what Starbucks did to coffee and to the coffee meetup, right? Like, imagine that EV charging has a cultural implication to the way we engage with people, the way we meet up, the way we take a coffee break for 30 minutes to charge the car right,
Paul J Daly: 8:51
like something else. I mean, take a minute for you. Just take a minute and a minute like trip. Maybe the
Kyle Mountsier: 8:59
charger forces you just slow down just a little bit. I don't know. I'm just thinking, I Hey, it
Paul J Daly: 9:04
definitely, it seems like they're trying to give them a reason to slow down,
Kyle Mountsier: 9:07
right? You know, I'm totally okay with it, like I again, going back to every single thing, every single person in retail should be considering that there's a subset of customers that will spend more time with you. Yep, given the right reasons. So
Paul J Daly: 9:21
the amenities are right. I bet you sell some EVs from this place. If the place is nice enough, why not? People will go there.
Kyle Mountsier: 9:27
Option, little trade in tool, little appraisal person sitting right fight over that one with all those
Paul J Daly: 9:32
manufacturers involved. I wonder if it's like stellantis is in this mix, but still, Lance is obviously, obviously have some issues right now. Yeah, I wonder what the looks like, and stellantis is trying to get Reno to save them. I
Kyle Mountsier: 9:43
mean, oh yeah, they're
Paul J Daly: 9:45
like, we'll talk as another story, speaking about another day, as in tomorrow
Kyle Mountsier: 9:49
and savings tomorrow and savings, all right, October, Amazon's prime Big Deal days, right? Because, you know,
Paul J Daly: 9:58
they gotta have that like every. I'm like, Yeah, well, now it feels
Kyle Mountsier: 10:01
like it introduces unexpected holiday sales. Items such as chainsaws give me some as the company seeks to expand the holiday shopping earlier, other retailers like WalMart and Lowe's are obviously joining in with October deals, offering steep discounts across various categories. The event is being seen as a strategic move to encourage Prime members to spend more and clear out less popular Prime Day items like camping gear, yard tools and chainsaws. So from from July. So a survey by Optimove insights found that 67% of shoppers expect to feel overwhelmed by holiday marketing messages by November one, especially with so many sales happening at once. Sky canvases, cannabis retail analysts at eMarketer said there's a risk of holiday marketing fatigue. I feel like I'm already there.
Paul J Daly: 10:53
I feel like I'm there too. We were just talking the other week about how when you went into Lowe's and Home Depot, like they didn't even pretend to wait like, we're gonna let, like, here's the
Kyle Mountsier: 11:05
snow, it's gonna get
Paul J Daly: 11:06
spun out with the snow blowers and everything else that could potentially be grouped into the last four months of the others, they just put it all out. And you and I were talking about maybe trying to get ahead, like, get those early retail dollars, because there's a push. I didn't even realize Amazon was having another Prime Day right now. But you try to think about the competitive marketplace heating up, and you're like, the early dollars are the most valuable ones, because with the economic uncertainty and all that, like, get people to spend the money as much as they can. Give them your best shot now. But you know it we're all in for it another you know, 10 weeks of email inbox offers obliteration. Like, do I buy the thing? Now, I think the reality is there are very few deals, and consumers know this. There are very few deals that you have to wait for. Yep, because it is. It's
Kyle Mountsier: 11:52
like, it's like a bloodbath. Someone's always competing for that dollar on that product somewhere, right? And that's just, that's the point,
Paul J Daly: 11:58
the same way with cars. Think about that for a second, I
Kyle Mountsier: 12:01
think so. Yeah, it feels like it. And if you're willing to escape your like mile radius, right? Someone's always competing for that sale. Yeah, that's, that's, that's something to like consider as a retailer like your your consumer is now willing to go outside the radius even more often, because they recognize that everybody's always competing on the dollar, yeah, for the sale.
Paul J Daly: 12:27
So can people do it? You know, people are more and more comfortable with shipping a car, yeah? That makes sense. It's, I mean, it's, it's tough, because we've talked to dealers who have been like, you know, that's great, but I want a customer that I can service, that will come back in the store. But if you're trying to flip inventory, move inventory ring, the cash register on the back end of the deal, I mean, it's, it's a different game than it was 10 years ago. Totally different game. Oh, my goodness. Well, look, it's not a different game today. The same game, right? You go out, you take care of the people. You take care of your people. They take care of your customers, and that cycle keeps going around. Look. Get some done today. We will see you here tomorrow. You.