Feeling Lucky or Unlucky, HSBC and Retail Auto in the Metaverse, Consumers Pushing Back on Pricing

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On this St. Patrick’s Day there are plenty of folks feeling both lucky and unlucky. Today we talk about the big ASOTU announcement at NADA, the first Retail Auto transaction in the Metaverse, big banking enters the sandbox, and ask the question “Are consumers reaching their limits with inflation?”. 

• ASOTU is now the only Dealer Owned Media Publisher in Automotive
• ASOTU Investor Brian Kramer is about to execute the first Metaverse Auto transaction in Naples Florida
• HSBC enters “the sandbox”
  • Bought a plot and will be focused on sports, and gaming
  • SAND token jumped 11% on the news
  • JP Morgan entered last month also in Decentraland
  • Expect $8T metaverse value in China alone
• Toyota cuts April’s production schedule by 150,000 to be more realistic with expectations
  • “By doing this, we will establish healthy workplace environments that place the highest priority on safety and quality, rather than exceeding the capacities of facilities, pushing people to their limits, and making do through overtime work,” Toyota, the world’s largest automaker, said.
• Fed Raised rates .25, stocks surged and retreated a bit in this morning’s futures
• Inflation price hikes reaching the limits of shopper willingness to keep spending
  • Macy’s tried to raise prices on mattresses and shoppers pushed back
  • Bella Dahl, clothing brand raised prices on t-shirts and then rolled it back as sales fell. Chief brand officer, Steven Millman said there was a revolt. If we go any higher, we’ll do half the sales. 
  • Retail sales are up 17.7% but mostly due to inflation pricing
  • 43% of consumers surveyed say they will be delaying purchasing if prices go up any more

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Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.

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