Borches on Recent Acquisitions, Hales on Digital Retailing Wins | Daily Dealer Live
About this episode
A deep dive into the current automotive landscape featuring insights from Liza Borges, CEO of Carter Myers Automotive, and Jake Hales, Digital Operations Manager at GE Automotive. The episode discusses the impact of chip shortages on production, the rise of electric vehicle leasing, and the importance of digital retailing in today's market. Borges shares her experience with employee ownership and recent acquisitions, while Hales emphasizes the significance of personalized video communication in boosting sales. The conversation also touches on the challenges of government shutdowns and the evolving role of technology in dealerships.
Honda
"Honda has already sold production in its Mexico and the U.S. while Nissan and Mercedes warn they're running short on chips."
Honda is a car company from Japan that makes many popular vehicles, known for being dependable and well-designed.
Honda is a well-known Japanese automaker recognized for its reliable vehicles and innovative engineering. The company produces a range of cars, motorcycles, and power equipment.
Nissan
"Nissan and Mercedes warn they're running short on chips."
Nissan is another car company from Japan that makes various types of vehicles, including cars and trucks.
Nissan is a major Japanese automaker known for producing a wide range of vehicles, including sedans, SUVs, and electric cars. They are recognized for their innovation and performance.
Mercedes
"Nissan and Mercedes warn they're running short on chips."
Mercedes is a luxury car brand from Germany that makes high-end vehicles known for their quality and advanced features.
Mercedes-Benz is a luxury automotive brand known for its high-quality vehicles, advanced technology, and performance. The brand is part of the German company Daimler AG.
EV leasing
"A big driver was EV leasing. Nearly 60% of new EV loans last quarter releases as buyers rushed to take"
EV leasing means renting an electric car for a certain time instead of buying it. You pay monthly fees to use the car without owning it.
EV leasing refers to the practice of leasing electric vehicles instead of purchasing them outright. This allows consumers to drive a new car for a set period while making monthly payments.
General Motors
"General Motor says it'll launch an eyes-off hands-free system by 2028."
General Motors, often called GM, is a large car company in the United States. They are working on new technology that will allow cars to drive themselves without needing someone to control them.
General Motors is a major American automotive manufacturer known for producing a wide range of vehicles, including cars, trucks, and SUVs. They are actively developing autonomous driving technologies and have announced plans for a hands-free driving system by 2028.
NVIDIA
"Stellanus is teaming up with Uber and NVIDIA to expand its autonomous mobility program."
NVIDIA is a tech company that makes powerful computer chips. They help cars drive themselves by providing the technology needed for the cars to understand their surroundings.
NVIDIA is a technology company known for its graphics processing units (GPUs) and AI computing. They are involved in the development of autonomous vehicle technologies, providing the necessary computing power for self-driving systems.
level 4 autonomy
"Mercedes-Benz is working with NVIDIA 2, aiming for level 4 ready vehicles."
Level 4 autonomy means that a car can drive itself without needing a person to help it in certain places, like city streets, but it might still need a person in other situations.
Level 4 autonomy refers to a stage in self-driving technology where a vehicle can operate without human intervention in specific conditions or environments, such as urban areas or highways. However, it may still require human control in other situations.
Volkswagen
"Volkswagen plans to roll out its ID. BuzzRoboTaxi's on Uber's platform."
Volkswagen is a big car company from Germany that makes many different types of cars. They are planning to launch a self-driving taxi service using their new electric vehicle.
Volkswagen is a major German automotive manufacturer recognized for producing a wide range of vehicles, from economy cars to luxury models. They are planning to introduce their ID. Buzz RoboTaxi, which will operate on ride-hailing platforms.
RoboTaxi
"...I was astonished to see the number of RoboTaxi's and autonomous vehicles flooding their streets. Between the RoboTaxi and even Tesla with a huge tower on top,..."
RoboTaxis are self-driving cars that can take you places without needing a human driver. They're becoming more common in cities as technology improves.
RoboTaxis are autonomous vehicles designed to transport passengers without a human driver. They represent a significant shift in urban mobility and are part of the growing trend towards self-driving technology.
recall
"...Ford's recall troubles just keep stacking up. The automaker issued five new campaigns last week,..."
A recall means that a car company wants you to bring your car back because there might be a problem that could make it unsafe. They fix it for free.
A recall is a request to return a vehicle to the manufacturer due to safety issues or defects. It is an important safety measure to ensure that vehicles are safe for consumers.
Ford Broncos
"...ew campaigns last week, covering everything from Broncos and F-150s to Explorers and Lincoln's. The recall..."
Ford F150S
"Ford's recall troubles just keep stacking up. The automaker issued five new campaigns last week, covering everything from Broncos and F-150s to Explorers and Lincoln's. The recalls touch almost 475,000 of vehicles for issues ranging from seatbelts and moonroof clips to windshield"
Ford Explorers
"..., covering everything from Broncos and F-150s to Explorers and Lincoln's. The recalls touch almost 475,000 ..."
The Ford Explorer is a type of car called an SUV, which is bigger than a regular car and great for families because it has a lot of space inside. It's been around for a long time and is popular for its comfort and ability to handle different types of roads. Sometimes, there are safety issues that can affect many of these cars, which is why people talk about them.
The Ford Explorer is a mid-size SUV that has been a popular choice for families since its introduction in 1990. Known for its spacious interior and versatility, the Explorer has undergone several redesigns and updates, making it a significant player in the SUV market. Recent discussions may focus on recalls affecting a large number of units, highlighting the importance of safety and reliability in automotive purchases.
Ford Motor Company
"...Ford Motor Company is meeting at location 01, Lowell, Michigan. Do you know where Lowell, Michigan is, Yuli? Have you ever seen Lowell, Michigan? They're meeting at Lowell, Michigan to celebrate the 50 years ago..."
Ford Motor Company is a big car company in the United States that makes vehicles like trucks and cars. They are famous for making the Model T and have been around for over a century.
Ford Motor Company is an American multinational automaker founded by Henry Ford on June 16, 1903. It is known for its mass production of automobiles and is one of the largest and oldest car manufacturers in the world.
Ferrari
"...having gone from Ford to Ferrari, did you get that? Yeah. Ford to Ferrari and having it pay off with the latest action of a Ferrari store in the Chicagoland..."
Ferrari is a famous Italian car company that makes very fast and expensive sports cars. They are well-known for their racing history and iconic designs.
Ferrari is an Italian luxury sports car manufacturer founded by Enzo Ferrari in 1939. The brand is known for its high-performance vehicles and success in motorsport, particularly Formula 1.
Carter Myers Automotive
"...First up today, President and CEO of Virginia based Carter Myers Automotive, Liza Borges. Liza, welcome to the show."
Carter Myers Automotive is a group of car dealerships in Virginia that sells different car brands. They have been around for a long time and started as a Ford dealership.
Carter Myers Automotive is a dealership group based in Virginia, known for selling various automotive brands and providing automotive services. They have a long history in the automotive industry, starting as a Ford dealership.
open point
"...how on earth do you get a Honda open point? How does that work?..."
An 'open point' is a place where a car company decides it's okay to open a new dealership because they think there is enough demand for it.
An 'open point' refers to a location where a car manufacturer allows a new dealership to be established. This is often based on market demand and the manufacturer's strategy for distribution and sales.
Chryslers Sebring
"because that means I'm old. 25 years. Yeah, I sold my first car in 99. Nice. What brand was it? But you got to tell us that. Oh, my gosh, it was a Chrysler's Sebring. I remember it was convertible. So it was a fun car to sell, but I'm really glad I knew nothing"
The Chrysler Sebring Convertible is a small car that can have its roof folded down, so you can drive with the wind in your hair. It was made for many years and is remembered fondly by people who liked driving it in nice weather. It's a fun car that brings back memories for some people.
The Chrysler Sebring Convertible is a compact car that was produced from 1996 to 2010, known for its stylish design and affordable price point. It gained popularity for its convertible top, allowing drivers to enjoy an open-air experience, making it a nostalgic choice for many who remember the late 90s and early 2000s. Discussions about the Sebring often evoke memories of simpler times in automotive history.
Request an Explanation
Heard something you'd like explained? We'll add it to this episode.
Sign in to request explanations for terms you heard.
Want to learn more?
Browse our glossary for plain-English explanations of automotive terms, jargon, and concepts.
Help improve this episode
See something that's not quite right? Our annotations are AI-generated and can sometimes miss the mark. Click the flag icon on any annotation to suggest a correction.