If you are a dealer, the agency model may seem unattractive at first glance.

75% of dealers say that OEMs have not provided enough information about the new model, features and transition period. Another 66% think agency compensation is unfair.

But at the same time, discounts will increase by up to 30% by 2025. This price competition will result in an average loss of revenue of $600,000 per dealer per year.

In contrast dealers operating

under the genuine agency model could see a 10-12% increase in company value.

This is because the agency model offers reduced financial risk. You don’t have to worry about competing with other dealers of the same brand on price.

Plus, you’ll be able to focus on building cell phone database relationships. By spending less time on administrative tasks, you’ll have more time to build customer loyalty.

surprising changes

Electric car sales surpassed 10 million units in 2022, representing a 55% growth over 2021. However, in 2023, consumer interest in electric rick morrison ceo vehicles has plateaued rather than increased.

Does that mean we should stop advertising electric vehicles?

Google search trend for “electric vehicle” over the past 12 months
Source: Google

Several countries are taking unprecedented steps to encourage EV adoption. The U.S. plans to increase the number of EV manufacturing aol email list plants from 9 to 41 by 2029. The European Union has committed to selling only zero-emission cars by 2035.