Special Guest Steve Greenfield, ?s on Dealer’s Minds, & Salvaged Teslas

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Welcome to a packed Friday of conversation with our good friend Steve Greenfield. Just before All Things Used Cars on Clubhouse, we are talking about the recent installment of the Auto Intel Report, a partnership for EV battery reports, and lightly damaged Teslas headed to the salvage yard.

• The newest installment of the Automotive Ventures monthly Auto Intel Report is out and it is centered around the conversation with top dealer group leaders at NADA
  • Questions Dealers, OEMs, and Allied partners should be asking themselves
  • A lot around SPOC (Single Point of Contact), EV future, and People strategies
  • An introduction to Pete Batten, Partner at the newly formed Auto Market Insights

• Recently, Automotive Ventures’ portfolio company Recurrent announced their partnership with Experian to give dealers a packaged opportunity to provide EV insights to customers.
  • “Our new alliance with Recurrent ensures data attributes unique to EVs are easily accessible for all parties whether looking to buy or sell a used EV—which is essential knowledge in today’s evolving market,” said John Gray, Experian’s president of automotive, North America.
  • Autocheck subscriptions now have an available add on of the Recurrent reports

• Insurance companies are increasingly deciding to write off low-mileage Teslas because they are too expensive to fix, according to a new report from Reuters.
  • Recent salvage auction listings showed that the "vast majority" of the 120 Model Y vehicles listed had less than 10,000 miles on them, insured by names like State Farm, Geico, and Progressive.
  • For example, a $61,000 2022 Model Y Long Range EV was in a front collision and would have cost more than $50,000 to fix had the insurer approved the repair.
  • The average Tesla owner with a good driving history and good credit will pay about $2040 a year for a Model Y and as much as $3044 for a Model X. The average cost to insure a Model 3 is almost 30 percent higher than the national average for car insurance, according to Nerdwallet.

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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