Still A Seller’s Market, German EV Race, Will SXSW Ever Really Return?

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Today we ask the question, “With the dealership selling frenzy that happened in 2021, is it possible for 2022 to beat it?” We also talk about the Giga-opening in Berlin and what it means for the EV race in Europe, as well as the closing of this years SXSW festival and whether or not it will ever return to its former glory. 

• Acquisition condition outlook very favorable in 2022
  • 2021 totals - 376 transactions for 673 stores
  • 2022 so far - 52 transactions for 78 stores
  • “Key conditions making the market ripe for consolidation — high profits, rising store values and retirement-ready owners, for instance — appear to be sticking around for now, dealership brokers and retail consultants say.”
  • Erin Kerrigan - “"If you had asked me in December, I would have expected the buy-sell market to be around the same level as 2021," Kerrigan told Automotive News at the NADA Show here. "But based on the first two months of this year, I think the buy-sell market of '22 will be more active than '21, which I didn't think I would say.”
  • Alan Haig - "The deals in our pipeline indicate that this is going to be as good a year in terms of the number of rooftops, but even better in terms of the value that our clients are getting for their businesses,"

• Tesla to deliver the first 30 vehicles from its new Berlin-Brandenburg Model Y Performance (63,990 euros ($70,334) with a 514 km (320 miles) range)
  • 3000 of the 12000 workers have been hired
  • JPMorgan forecast that the factory would produce around 54,000 cars in 2022, increasing to 280,000 in 2023 and 500,000 by 2025
  • Currently VW dominates the EV space w 25% market share to Teslas 13% and has 95k EV orders
  • VW is “...is planning a new 2 billion euro EV plant alongside its Wolfsburg factory and six battery plants across Europe”

• SXSW is a wrap and all the rage were NFTs and Crypto…big surprise!  Will the show ever return to its former glory?
• This guy real world jumped a Tesla on an LA Street

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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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