Auto dealers face a business revolution as EVs gain market share

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.



a truck is parked on the side of a building: 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)


© (Duane Burleson / Associated Press)
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)

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

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

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 retailer incentives are counted.

I want them to know what distinguishes an electric car, I want them to talk about the rebates and other programs so they can line up the price points closer to that

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U.S. auto sales gain pace in September as demand recovers: JD Power, LMC

(Reuters) – The pace of U.S. auto sales is expected to rise 3.3% in September from the prior month, helped by strong consumer demand and the Labor Day holiday, industry consultants J.D. Power and LMC Automotive said on Friday.

The seasonally adjusted annual sales pace for September is expected to be 15.7 million vehicles, up from 15.2 million vehicles in August, but down from 17.3 million units a year earlier, the consultants said.

U.S. auto sales have bounced back since hitting a pandemic-fueled bottom in April, leading major automakers to ramp up production and boost weak inventories at dealerships.

However, rising COVID-19 cases in the U.S. states have increased the uncertainty over a speedy economic recovery.

“Lockdown measures are now fairly loose in many parts of the world, but a risk of the reintroduction of more restrictive and widespread measures certainly cannot be ruled out,” said Jeff Schuster, president of

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U.S. Auto Sales Gain Pace in September as Demand Recovers: JD Power, LMC | Investing News

(Reuters) – The pace of U.S. auto sales is expected to rise 3.3% in September from the prior month, helped by strong consumer demand and the Labor Day holiday, industry consultants J.D. Power and LMC Automotive said on Friday.

The seasonally adjusted annual sales pace for September is expected to be 15.7 million vehicles, up from 15.2 million vehicles in August, but down from 17.3 million units a year earlier, the consultants said.

U.S. auto sales have bounced back since hitting a pandemic-fueled bottom in April, leading major automakers to ramp up production and boost weak inventories at dealerships.

However, rising COVID-19 cases in the U.S. states have increased the uncertainty over a speedy economic recovery.

“Lockdown measures are now fairly loose in many parts of the world, but a risk of the reintroduction of more restrictive and widespread measures certainly cannot be ruled out,” said Jeff Schuster, president of

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Colorado new auto registrations struggle to gain traction

New vehicle registrations through the first eight months of 2020 were down 16.5% in Colorado compared to the same period last year, according to the “Colorado Auto Outlook” from the Colorado Automobile Dealers Association.

There were 139,717 vehicles registered through August of this year compared to 167,414 in the same period last year. Light truck registrations are down 11% so far this year, while car registrations are down 36.1%.

Showrooms are open, and online sales remain a popular option, but dealers continue to cope with inventory shortages and manufacturers who are pulling back on incentives, said CADA president Tim Jackson.

“The pandemic continues to restrain the U.S. economy and specifically disrupt auto sales. In Colorado, new vehicle registrations through August are still in negative territory, although the percentage of decline has improved from a month ago,” he said in comments accompanying the monthly report.

Last month, year-to-date registrations were down

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Sensex, Nifty rangebound; IT stocks gain, PSU banks under pressure






21 Sep 2020, 12:18:03 PM IST

Kotak Securities on Chemcon Speciality Chemicals IPO risk factors

>The Promoters and certain members of Promoter Group have filed an application for settlement with SEBI with respect to certain past non compliances with respect to their holding in a listed company, which was a member of Promoter Group, which if determined adversely may have a negative impact on operations, reputation and prospects.

>Super Scientific Works Private Limited (“SSWPL”), an entity qualifying as a Promoter Group entity of the Company, has lodged a formal complaint with SEBI against Naresh Vijaykumar Goyal, a Promoter Group member of the Company.

>Naresh Vijaykumar Goyal, a member of Promoter Group, has filed an appeal in relation to a criminal proceeding filed against him, which if determined adversely may have a negative impact on operations, reputation and prospects.

>The recent outbreak

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