Car buyers stretch budgets, Canada slaps tariffs on Chinese EVs, Tesla wins key court battle

Hey everyone. Eye-opening edition of the CDG Podcast just went live.

Mark Pomella is a real estate expert and the Vice President at SAB Capital who discusses:

— The $30 billion market hiding within dealerships.
— How private equity values car lots.
— Dealership real estate tax hacks.

You can stream the full episode now on YouTube, Spotify, or Apple.

— CDG

1. Why car buyers are maxing out their budgets

Car buyers are defying the odds, stretching their budgets to the limit for their dream vehicles.

By the numbers: Despite elevated prices and interest rates, nearly 57% of consumers are willing to pay the maximum they can — prioritizing features and value over cost.

While younger generations are more cautious, many buyers are prepared to invest in their vehicles as consumer confidence grows … Read more

2. Trade tensions escalate as Canada slaps EV tariffs on China

Driving the news: Canada is stepping up pressure on Chinese-made EVs, joining the U.S. and E.U. with hefty tariffs. This week, Canada announced a 100% tariff on Chinese EVs and a 25% tariff on steel and aluminum imports, echoing concerns over unfair subsidies.

This move, aimed at protecting domestic industries, extends to Tesla and other major Chinese exporters.

While the E.U. recently softened its stance on Tesla, Canada’s decision adds to the growing global trade tensions surrounding Chinese-made EVs … Read more

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3. Tesla's direct-sales battle reignited in Louisiana

Tesla's fight to sell directly to consumers in Louisiana is back on.

What’s happening: A federal appeals court has overturned the dismissal of the company's lawsuit, challenging the state's franchise laws.

The victory could further disrupt the traditional dealership model and pave the way for other EV brands to use the direct-to-consumer sales model in the future … Read more

• Labor Day strategies for dealers to move more inventory.

• Feds to reexamine permit for Hyundai's $7.6 billion EV plant in Georgia.

• Volkswagen China is spending lots of time at Xpeng to make new EVs.

• Infiniti plans to overhaul its utility lineup in the next few years.

• Toyota and BMW to upgrade fuel cell alliance.

Thanks for reading everyone.

— CDG