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šŸ”„ Stellantis Shake-Up, Tariff Buzz, and the Secret to Boosting Sales

The Dealer's Edge is the unfair advantage newsletter of high performing dealerships - consumed in 15 minutes, delivered monthly and powered by Autocorp.ai

First off, welcome to the very first issue of The Dealerā€™s Edge! šŸš—āœØ Weā€™re seriously pumped to have you along for the ride. Whether youā€™re here to score some quick news, tips or just enjoy a good laugh over a morning brew, weā€™ve got you covered. And the best part? You can soak it all up in 15 minutes or lessā€”because we know youā€™ve got deals to close and coffee to drink.

Alright, enough introā€”letā€™s hit the gas and dive in! šŸš¦

 šŸšØ Featured Story

Stellantis CEO Resignation and Its Impact on the Automotive Landscape

In a surprising turn of events, Carlos Tavares, CEO of Stellantisā€”the parent company of brands like Jeep, Peugeot, and CitroĆ«nā€”has stepped down amid declining sales and strategic disagreements with the board. This leadership change introduces uncertainty for dealerships associated with Stellantis brands, as the company navigates challenges such as overcapacity, increased competition, and the transition to electric vehicles.

Key Points:

  • Leadership Transition: Tavaresā€™ resignation follows a significant drop in Stellantisā€™ market value and internal conflicts over strategic direction. An interim executive committee, led by Chairman John Elkann, will manage operations while the search for a new CEO is underway.

  • Operational Challenges: The company faces overcapacity and excessive inventory in the U.S., sluggish global demand, and heightened competition from Chinese automakers. These issues have led to a 45% year-to-date drop in shares and a forecasted cash burn of up to ā‚¬10 billion.

  • Regulatory Pressures: Stellantis has criticized the UKā€™s Zero Emission Vehicle (ZEV) Mandate, which aims to limit petrol and diesel vehicle sales by 2035, arguing it harms their business model. The company is also adapting to electrification rules, leading to halted EV production and potential plant closures due to declining demand.

Implications for Dealerships:

  • Inventory Management: Dealerships may experience delays in vehicle deliveries and should prepare for potential shifts in model availability.

  • Customer Communication: Proactively inform customers about possible changes in vehicle offerings and delivery timelines to maintain trust and transparency.

  • Strategic Planning: Stay informed about Stellantisā€™ restructuring plans to adapt sales and marketing strategies accordingly.

šŸ“° Shifts in Canadaā€™s Auto Industry

Ontario Plays Offense Against Tariffs

Ontario has rolled out a $10M ad blitz to smooth over cross-border trade with the U.S. Why? To tackle those looming tariffs on Canadian imports. Whatā€™s good for Ontario is good for your dealership!

Factory Frenzy: Manufacturing Hits a 21-Month High

Canadaā€™s manufacturing is in overdrive, thanks to surging domestic demand. Translation: You might see inventory move faster and buyers itching for locally built rides.

Quick Stat: 85% of car buyers now start their journey onlineā€”ensure your digital presence is optimized.

 āœØ Quick Tips for Dealership Success

šŸš€ Sales Hack: Leverage Local Loyalty

Promote Canadian-built cars to capitalize on customersā€™ pride in supporting the domestic economy. Add signage or social media posts highlighting ā€œMade in Canadaā€ models

šŸ“¢ Marketing Hack: Build Tariff-Smart Campaigns

Use targeted messaging that emphasizes stable pricing. Include phrases like ā€œNo surprise feesā€”just upfront value!ā€ in your ad campaigns to ease customer concerns about economic uncertainty.

šŸ“– Pro Tip: Use these Free Marketing Campaign Templates to create quick, professional campaigns.

šŸ”§ Tech Hack: Simplify Financing with AVAā„¢ Credit

Use AVAā„¢ Credit to pre-qualify customers instantly using soft pull credit check technology powered by Equifax. Share the benefits in your email campaigns or on your websiteā€™s lead forms to attract and convert more buyers.

šŸ“– Learn more about AVAā„¢ Credit here.

šŸ¤£ Fun Corner: Because Youā€™ve Earned a Smile

ā€œDid You Know?ā€

The Toyota Prius just snagged the title of 2024 Canadian Car of the Year. Who says hybrids canā€™t be cool?

Lucy Hale Prius GIF by BuzzFeed

Meme of the Month:

ā€œThat face you make when a customer says, ā€˜Iā€™ll sleep on itā€™ā€¦ and you know theyā€™re ghosting forever.ā€

Wait Goodbye GIF by Silicon Valley

šŸŽ Free Resource Of The Month

A Dealers Guide To Combatting Automotive Fraud

Shady deals, nefarious players, cars gone off the lot. Nobody likes fraud, but itā€™s present in the automotive industry like never before! With that in mind, we put together a resource book on how to spot scammers, identify sneaky sales tricks, and how to spot fraud online. Get the free guide and we guarantee youā€™ll be well equipped to combat fraud ASAP!

šŸŽ¤ Upcoming Events

2025 NADA Show

Jan 23-26 | Ernest N. Morial Convention Center | New Orleans

NADA Show is four full days of outstanding education, emerging trends and networking opportunities for all areas of your dealership.

2025 Automotive Finance Canada

Feb 11th | Metro Toronto Convention Centre | Toronto

Automotive Finance Canada brings together lenders, insurers, and technology providers to advance the sector. The focus will be on fraud, digital transformation, regulatory road blocks, and adapting to consumer online behaviors, the summit offers next generation insights and solutions. Attendees will share and debate trends that are poised to shape the industryā€™s future.

2025 Canadian International AutoShow

Feb 14 - 23 | Metro Toronto Convention Center | Toronto

With exclusive news, content, and prizing, AutoShow+ is not only your ultimate Show companion, but Canadaā€™s total automotive experience right at your fingertips!

šŸ˜ Goodies From The Autocorp.ai Team

From the video archives - 2024 Talk Auto Panel Discussion

From the blog

Social Selling Secrets For Car Dealers: Winning Leads Before they Walk Through Your Door

Complimentary to the earlier piece, people are doing more research when it comes to buying their next car, which adds another layer of service for dealers to provide, in a competitive landscape. The key to winning leads now? Trust and reliability. 

This doesnā€™t mean spamming people's social feeds with ads and posts, rather building meaningful relationships online through high quality content aimed at providing information, preemptively answering frequently asked questions, and occasionally showcasing a bit of personality so they know the people behind the social posts.

šŸ Final Lap: Your November Wrap-Up

Thanks for cruising through this monthā€™s newsletter! If youā€™ve got questions, feedback, or just want to share your favorite meme, just hit the button belowā€”weā€™d love to hear from you.

Until next time,

The Dealers Edge and Autocorp.ai Team

P.S. Share this with your teamā€”insights are better when shared! šŸš—āœØ