Tag: dealers

Auto dealers face a business revolution as EVs gain market share

It was a Friday morning, and eight members of the sales staff at Felix Chevrolet were gathered around the table for a weekly seminar led by Darryl Holter, the boss of the venerable downtown Los Angeles dealership.

This may be one of the more unusual educational efforts in Southern California. The students get weekly reading assignments, on which they’re quizzed, just as in regular schools. But the topic is unusual: how to sell customers on electric cars.

The working-class Latinos who make up Felix’s core market haven’t been early adopters of novel products such as EVs. The obstacles include the perception that EVs as more expensive than conventional cars — that’s true, before government and retailer incentives are counted.

They’re also skimpier on range. While a gasoline car can run 350 miles or more on a single fillup, EVs generally

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Column: Auto dealers face a business revolution as EVs gain market share | Money

Dealers say they’re willing to sell whatever consumers want to buy. But they also say that consumer preferences reflect dynamic factors in the marketplace, including the price of gasoline, and that the auto industry hasn’t been especially skilled at anticipating those factors.

“When gas prices went up, everyone wanted compacts,” Holter recalls. “Then when they stopped going up anymore, we were stuck with all this inventory.”

Dealers may also be wary of EVs because they know that the advanced vehicles are destined to upend their traditional business model.

“Very few dealers make money selling new cars,” says Howard Drake, the owner of Casa Automotive Group — which includes Casa de Cadillac and Subaru, GMC and Buick dealerships, all in Sherman Oaks. “You make all your margin fixing cars” — that is, through repair and warranty service.

The maintenance costs of EVs are as much as one-third lower than those of

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Auto dealers face a business disruption as EVs are poised to gain market share

A Chevrolet Bolt, the company's electric vehicle, is fitted with a battery at a GM assembly plant in Michigan. Automakers are preparing for a sea change in consumer acceptance of EVs. <span class="copyright">(Duane Burleson / Associated Press)</span>
A Chevrolet Bolt, the company’s electric vehicle, is fitted with a battery at a GM assembly plant in Michigan. Automakers are preparing for a sea change in consumer acceptance of EVs. (Duane Burleson / Associated Press)

It was Friday morning, and eight members of the sales staff at Felix Chevrolet were gathered around the table for a weekly seminar led by Darryl Holter, the boss of the venerable downtown Los Angeles dealership.

This may be one of the more unusual educational efforts in Southern California. The students get weekly reading assignments, on which they’re quizzed, just as in regular schools. But the topic is unusual: how to sell customers on electric cars.

The working-class Latinos who make up Felix’s core market haven’t been early adopters of novel products such as EVs. The obstacles include the perception that EVs as more expensive than conventional cars — that’s true, before government and

Read More

Who are the distributors, traders and dealers of Exploration and Production Software Market? Fortune Business Insights

The MarketWatch News Department was not involved in the creation of this content.

Sep 23, 2020 (The Expresswire) —
Exploration and production software will assist oil and mining industry for software solutions and services says Fortune Business Insights in a report titled “Exploration and Production Software”Market Size, Share and Global Trend by Technology (Premise, Cloud-based, Managed) Software, By Applications (Risk Management Mapping, Seismic Amplitude Analysis, Portfolio Aggregation, others), By Industry Vertical (Oil and Gas, Mine and Metallurgy, Others) and Geography Forecast till 2026”. According to the World Economic Forum report, in 2018, investment done by major players for digitalization in the oil and gas industry is likely to reach a value of US $1.6 Tn to US $2.5 Tn by 2026

Request a Sample Copy of the Global Market Research Report:https://www.fortunebusinessinsights.com/enquiry/sample/exploration-and-production-software-market-100226

Utilization Of Digitalized Technology Will Contribute to Market Growth

Digitalization in the oil and mining industry comprises of

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Who are the distributors, traders and dealers of Intellectual Property Software Market? Fortune Business Insights

The MarketWatch News Department was not involved in the creation of this content.

Sep 22, 2020 (The Expresswire) —
Fortune Business Insights predicts that the rising emphasis of companies towards protecting intellectual assets will drive the global intellectual property software market in their new study. The study is titled “Intellectual Property Software”Market Size, Share and Global Trend by Deployment (On-premises and Cloud-based solutions), By Services (Development and Implementation Services, Consulting Services, and Maintenance and Support Services), By Applications (Patent Management, Trademark Management and others), By Industry Vertical (Healthcare, Electronics and others) and Geography Forecast till 2026.

Request a Sample Copy of the Global Market Research Report:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/intellectual-property-software-market-100330

Top Players List:

  • TORViC Technologies Inc.
  • Innography Inc.
  • LexisNexis
  • Clarivate Analytics
  • IPfolio
  • Wellspring Worldwide
  • XLPAT
  • Ambercite
  • IP Checkups, Inc.
  • Aistemos Limited
  • Alibaba Group

Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market

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