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Metaverse Madness w/Brian Kramer, New(er) EV Price Hikes, Banks Pushing Back

Author
More Than Cars Media Network
Published
Mon 21 Mar 2022
Episode Link
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This Monday we are waking up to a world where you can buy and sell a real life vehicle in the metaverse. Our very own Brian Kramer lets the team who executed the first transaction and we’re going to get into it. We also talk about some new EV price hikes as well as offer a little education on Banking and Defi…it’s not as boring or irrelevant as you might think.

  • Brian Kramer, GM of Germain Toyota of Naples executes first ever retail auto transaction in the metaverse
    • The Troublemakers are the first to report on this :) Was Kyle there? 
    • Check out the video here 
  • Let’s talk about EV price hikes
    • Tesla announced last week that the price of its model 3 is going up making its cheapest vehicle 48,190 Model 3
    • We talked 2 weeks ago about Rivian’s price hike debacle
    • Chinese EV maker Xpeng Inc announced Friday they, too, will be increasing prices on their EVs. Depending on the model, the increase will be between $1,500 and $3,000. 
    • Lucid is also in the game
  • Pendulum swings as interest hikes give Banks leverage over fintech
    • Zero interest rate environments provide big cash from investors struggling for basic yields into the fintech space putting Banks at a disadvantage
    • Now that standard rates are going up, Banks can leverage deposits as a cheaper form of liquidity for loans
    • Fintech companies like Affirm still have a strong value proposition because loans are short term and the money turns over faster and is often subsidized by the seller


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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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