M&M Maintains Strong Demand with 48,000 Monthly SUV Bookings; Order Book Hits 2.2 Lakh Units

Consistent High Demand for Mahindra SUVs

Despite the easing of the chip shortage, Mahindra & Mahindra (M&M) continues to experience robust demand for its popular Sports Utility Vehicles (SUVs). A senior company official revealed that the automaker has been consistently receiving around 48,000 bookings each month over the past few months.

Impressive Order Backlog and Low Cancellation Rates

Rajesh Jejurikar, ED and CEO of the Auto and Farm business at Mahindra & Mahindra, disclosed during the Q4 FY-24 earnings call that as of May 1st, the company has an order backlog of 2.20 lakh units, with a cancellation rate holding steady at a low 10 percent. This impressive backlog includes significant numbers for models like the XUV 3X0, Thar, XUV700, Bolero, and Scorpio-N.

Scaling Up Production Capacity

Jejurikar also highlighted that Mahindra has significantly increased its SUV production capacity, growing from 179,400 units per year to 459,000 units annually over the last five years. The company’s market share in SUV revenue has risen from 17.6 percent in FY20 to 20.4 percent in FY24. To meet the growing demand, Mahindra is ramping up its production capacity further, aiming to increase from 6 lakh units annually (49,000 units per month) to 8.64 lakh units per year (72,000 units per month) by the end of FY26.

Nio targets mass-market Chinese buyers with affordable Onvo brand

Nio has launched a new electric vehicle (EV) brand targeted at China’s cost-conscious middle-income consumers amid fierce competition in the world’s largest EV market.

The Shanghai-based carmaker said the L60 Onvo-branded SUV, which is equipped with an autonomous driving system, will take on Tesla’s bestselling Model Y. The carmaker enjoys an edge in production cost over its US rival.

Nio said deliveries of the new car will begin in September.

“Onvo vehicles will give family users the best experience at acceptable prices,” William Li, co-founder and CEO of Nio, said at a launch ceremony in Shanghai on Wednesday. “A balance between product experience and cost of building the vehicles will be struck.”

The entry-level version of the L60, which has a driving range of 555km, is priced at 219,900 yuan (US$30,454), 12 per cent lower than the basic edition of the Shanghai-made Model Y, which is priced at 249,900 yuan.

Tesla sold 456,394 units of the Model Y in mainland China last year, an increase of 44.8 per cent from 2022. It outsold all other SUVs, including its petrol-powered rivals, in the world’s biggest car market.

Nio said the new brand, known as Ledao in Chinese, is built for mainstream Chinese consumers with the aim of creating an enjoyable driving experience for families.

Currently, all cars under Nio’s namesake brand are priced at more than 300,000 yuan on the mainland. Nio-branded cars compete against the likes of BMW’s X5 and Audi’s Q7.

Unlike other EV makers that have been adjusting prices to bolster deliveries in the highly competitive market, Nio has avoided discounts, which Li said was a deliberate tactic to maintain its brand value.

Nio handed 15,620 vehicles to mainland customers in April, an increase of 134.6 per cent from a year earlier.

In the first four months of this year, the company sold 45,673 vehicles, 21.2 per cent more than a year earlier.

China’s EV sector, one of the main drivers of the economy, is expected to see sales growth of 20 per cent this year, compared with 37 per cent in 2023, according to a forecast by Fitch Ratings in November.

BYD, the world’s largest EV builder, fired the first salvo in the price war in February, slashing the prices of nearly all of its cars by 5 to 20 per cent to accelerate a transition from petrol vehicles to electric cars on the mainland.

Since then, the prices of 50 models across a range of brands have dropped by 10 per cent on average, Goldman Sachs said in a report last month.

Xpeng, another premium EV assembler in China, also plans to launch a mass-market brand to widen its customer base in a slowing market.

Models under this new brand will be fitted with autonomous driving systems and will be priced between 100,000 yuan and 150,000 yuan, He Xiaopeng, the Guangzhou-based carmaker’s co-founder and CEO, said in March.

Top Vehicle Dealerships in Longview, WA: Excellence in Automotive Retail

Securing Your Ideal Vehicle in Longview

When scouting for a new vehicle in Longview, WA, the choice of dealership is just as pivotal as the vehicle itself. Opt for a dealership renowned not only for its competitive pricing and diverse inventory but also for outstanding customer service. This guide highlights distinguished auto dealers in Longview, WA, known for their exceptional offerings and service.

Highlighted Car Models and Dealership Excellence

Navigating the auto market in Longview often poses more challenges in selecting a model than a dealership. As per the most recent data from April 2023, the Toyota Corolla leads in popularity due to its dependability and cost-effectiveness, with an average cost of $24,457. Close behind in demand are the durable Ford F-150 and the adaptable Toyota Tacoma, listed at $58,070 and $32,995, respectively. For enthusiasts of robust trucks, the Ram 1500 is a notable contender, priced at $63,698.

Prominent Longview Dealerships Showcasing Major Brands

Bud Clary Subaru, transitioning from a Chevrolet dealership in 1959, now showcases a vast array of Subaru among other brands, acclaimed for superior customer service and competitive rates. Eldon Robbins Auto Sales, with over four decades in the business, is celebrated for its premium pre-owned vehicles and economical pricing. Dick Hannah Toyota is noted for its community involvement and extensive selection of new and used Toyota models. Stirling Honda, established in 1975, continues to earn accolades for its stellar customer service and value in both new and used Honda vehicles.


Car Buying Tips for Longview Shoppers

  • Timing Your Purchase: The end of the month or quarter frequently sees dealers eager to fulfill sales quotas, potentially offering better deals.
  • Considering Insurance Costs: The price of insuring a vehicle can significantly vary, especially between models like the economical Toyota Corolla and the more substantial Ram 1500.
  • Comparative Shopping: To ensure you receive the best value, always compare offerings across several dealerships.

This guide is designed to streamline your vehicle purchasing experience in Longview, WA, spotlighting reputable dealerships and leading car models to assist you in making a knowledgeable choice that aligns with your financial and lifestyle needs.

Ford Is Using Artificial Intelligence To Train Its Dealership Staff

Ford University uses gamification to create an online experience that inspires dealership staff to use the system often.

Love or hate them, automobile dealerships aren’t going anywhere in the US. The strict dealership laws and the powerful dealer lobby behind them all but guarantee that the established brands won’t be able to offer direct-to-consumer sales anytime soon.

Meanwhile, the dealer’s job of understanding and explaining how the vehicles work has been getting more and more difficult as the tech inside the cars advances. Then add the fact that more and more alternative fuel vehicles are showing up on the lots in the form of battery electric vehicles (BEVs), plug-in hybrids (PHEVs), full hybrid electric vehicles (FHEV), and hybrid electric vehicles (HEV). You can quickly understand why dealers need more help and training than ever before.

Ford University online modules

Ford University online modules and lessons

(Full Disclosure: Ford provided flights and car service for my trip to Detroit to learn about Ford University)

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Ford thinks it has the answer to this: using technology to teach technology. Ford University is an all-new online training platform to help Ford dealers learn about new in-vehicle technology, understand electric vehicles and charging, and train to be better communicators.

While the platform isn’t designed specifically to teach electric vehicle content, it’s all in there and any other product information that dealers need is too.

EV training is a key area of focus for Ford University to help customers make an informed choice on what type of vehicle is right for them. We are launching 25 EV-focused training modules covering the fundamentals of EVs, home and public charging, test drives, EV service, and more. We will continue to add EV content as we expand Ford University. – Abby Vietor, Global Director of Dealer Training & Productivity / Head of Ford University

Ford University’s digital experience is different from any other online training system. It’s designed to look and feel more like a social media site—like YouTube, for instance—with recommended videos based on the individual’s previous search history and watched content. This is all designed to make dealership employees actually want to visit the site.

I spoke with Abby Vietor, Global Director of Dealer Training & Productivity / Head of Ford University, about how the system leverages AI to help improve employee communication skills. One way AI is utilized is with communication training skills. Employees are urged to record a short one—to two-minute video in which they introduce themselves, explain their role at the dealership, and then speak briefly about three different topics. Ford University

They are then scored on their performance and given specific details of what they did well and what they can improve on. The handful of press invited to this small event was all asked to use the system as a dealership employee would.

I scored a 78 and received a fair amount of feedback (all of which I agreed with) on how my presentation could have been improved. The system also explained what I did well, which is a good thing because everybody appreciates positive feedback as well as constructive criticism.

I was impressed at how the AI picked out specific words that I used to point out that they were effective and suggested words and terms that I could have included to improve my score.

Ford University app

Ford University app

There’s also a gamification aspect to Ford University that Vietor hopes will inspire users to engage more with the system. Every employee has their own account and earns points for watching instructional videos and participating in tasks. They also get to see their ranking among employees at other dealerships. The hope is that this will spark their competitiveness and inspire them to engage with the system more frequently to earn points.

There’s so much information about all the different Ford models that it’s impossible to remember everything without refresher courses. Employees can log into the system anytime they want, 24/7. There’s even a mobile app, so Ford University is always just a tap away.

I believe the key to Ford University’s success will be the dealership management and how they establish training requirements. Managers can also require staff to watch a certain number of training videos per week or month and view the employee’s scores in certain categories that they set up. For instance, if Ford pushes out a new version of its BlueCruise, the manager can offer a bonus to the employee with the highest BlueCruise proficiency scores, and they can also do that for the staff’s electric vehicle knowledge.

Is it enough?

I couldn’t poke around inside Ford University too much, but I requested the opportunity to do so in the future, and hopefully, I’ll be granted that chance. My concerns are: Is it enough to move the needle with regard to EV education at Ford’s dealerships?

General Motors has taken a different approach to electric vehicle training for its dealers and customers. It started an online EV education site called EV Live. EV Live is an interactive online platform where dealership employees can interact with an electric vehicle specialist in the EV Live studio to learn about not only GM’s specific EVs but EVs in general. The service is also open to the public—and not only GM customers. Anyone can log in and ask their EV-related questions.

I visited the EV Live studio last year and witnessed first-hand how the EV Live specialists answer questions through a live video feed, and I found it to be an effective training tool. Ford dealers need to up their game with EV knowledge because it hurts F-150 Lightning and Mustang Mach-E sales. This isn’t an easy task; I have first-hand experience with EV dealership training and understand the challenges. However, Ford has to figure it out, or it will continue to struggle to sell electric vehicles.

Ford University is taking on the dealer training task in its entirety, from learning modules to training sales staff on how to talk to customers. Is it too much for the average sales consultant to want to take on? Time will tell. I know how busy the sales floors are and how little spare time the client advisors have. I hope they find Ford University as engaging as management believes it will be, which will inspire them to log in frequently. There’s a lot of useful information in there, but leading the horse to the water is the easy part; getting them to watch hours and hours of training videos is, well, you know.

Ford Reduces EV Requirements for Dealers After Legal Setback

Ford Adjusts EV Dealer Program Requirements

Following a legal setback in Illinois, Ford Motor Company has revised its electric vehicle (EV) dealer certification program. The automaker is scaling back its earlier demands by reducing training costs and charger installation requirements for its dealers. Specifically, Ford’s top-tier “Certified Elite” dealers now need to install three Level 2 chargers instead of five, while the lower-tier “Certified” dealers are required to set up two Level 2 chargers instead of five.

Responding to Dealer Feedback and Market Challenges

Ford’s decision to ease its EV dealer requirements reflects its ongoing efforts to align with market realities and address dealer concerns. By cutting the cost of dealer training by up to $20,000 and postponing charger installation deadlines, Ford aims to make its EV program more accessible and manageable. This move comes amid broader industry challenges and evolving consumer preferences, underscoring Ford’s commitment to adapting its strategies based on feedback and market dynamics.

Charlie Clark Auto Group’s El Paso Dealership Earns Global Excellence Award

Prestigious Recognition for Charlie Clark Auto Group

Charlie Clark Auto Group has achieved a remarkable milestone as three of its dealerships, including the El Paso location, have been honored with the 2022 Global Award of Excellence by Nissan. This prestigious accolade recognizes the top 50 Nissan dealerships worldwide for exceptional performance in sales and customer satisfaction. Alongside their El Paso branch, the Charlie Clark dealerships in Brownsville and Harlingen were the only Texas representatives to receive this esteemed award.

Impact and Celebration

President and founder Charlie Clark expressed deep gratitude, emphasizing the crucial role of customer support in reaching this achievement. He highlighted the significance of having all three dealerships in the group recognized, calling it a historic accomplishment. The El Paso location, which marked its 6th anniversary this April, has particularly excelled, contributing to the group’s exceptional standing through high sales and unparalleled customer service.

Electric Vehicle Inventory Swells: Why Are Dealerships Overwhelmed with EVs?

The Current EV Supply Dilemma

Despite a surge in electric vehicle (EV) models and the growing hype surrounding them, dealerships are grappling with unprecedented inventories of EVs, with some facing up to four months’ worth of stock. This paradox arises even as Tesla continues to drive significant EV sales, while many new and traditional automakers struggle to attract buyers. Data from the first half of 2023 shows that while Tesla leads in sales, other brands like Lucid, Hyundai, and Nissan have not seen similar success, leaving many EVs languishing on dealership lots.

The Impact of Excess Inventory and Rising Affordability

The current EV market sees a 350% year-over-year increase in supply, translating to a 92-day inventory surplus compared to the ideal 45-day level. Factors such as the loss of U.S. tax credits for certain models and the higher price point of EVs contribute to this glut. However, this oversupply could benefit potential buyers, offering more room for negotiation and the possibility of better deals, especially as used EVs become more prevalent and range anxiety continues to diminish.