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ASOTU Stranded, Trade Convos in Service, Rate Cut, and Pumpkin Spice

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Manage episode 435768831 series 2988189
Contenuto fornito da ASOTU. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da ASOTU o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

Shoot us a Text.

It’s a great Friday to be in the car business as the ASOTU crew braves the trip home from a week of being on the ground with Dealers, OEMS, and Industry Partners at two separate events. Today we’re talking about some service lane trade data, a potential interest rate cut, and the pumpkin spice sign of the times.

Show Notes with links:

  • A new survey reveals that most dealerships aren't leveraging the service drive as a source of quality used vehicles by discussing trade-in options.
    • 60% of mass-market customers weren't asked about their vehicle's trade-in value during their service visit and 61% for luxury customers.
    • Only 24% of mass-market and 23% of luxury customers had trade-in conversations.
    • Daymond John on the three ways you interact with customers: “You can acquire, upsell, or make them buy more frequently.”

  • The Fed is widely expected to cut interest rates soon, but the big question is how much relief will come.
    • Fed Chair Jerome Powell will address inflation and potential rate cuts in his upcoming speech at Jackson Hole today.
    • The Fed has kept rates high since 2022 to cool inflation, but the market anticipates a rate cut in September, with a good chance for a 25-basis-point cut and a smaller chance of a 50-basis-point cut.
    • Powell remains data-driven, cautioning against cutting rates too soon to avoid reigniting inflation.
    • "This is not what an overheating economy looks like," says Fed's Austan Goolsbee, signaling a shift in economic conditions.

  • The ever-divisive Pumpkin Spice Latte is back, arriving earlier than ever this year, as Starbucks released its fall menu yesterday, sparking both joy and outrage.
    • The pumpkin spice latte has been a fall favorite since its debut in 2003, with 20 million sold annually.
    • Social media is buzzing with both excitement and frustration over the early release.
    • A 2022 study shows 55% of online pumpkin spice posts are positive, with 8% negative.

Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/

JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Read our most recent email at: https://www.asotu.com/media/push-back-email

  continue reading

840 episodi

Artwork
iconCondividi
 
Manage episode 435768831 series 2988189
Contenuto fornito da ASOTU. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da ASOTU o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

Shoot us a Text.

It’s a great Friday to be in the car business as the ASOTU crew braves the trip home from a week of being on the ground with Dealers, OEMS, and Industry Partners at two separate events. Today we’re talking about some service lane trade data, a potential interest rate cut, and the pumpkin spice sign of the times.

Show Notes with links:

  • A new survey reveals that most dealerships aren't leveraging the service drive as a source of quality used vehicles by discussing trade-in options.
    • 60% of mass-market customers weren't asked about their vehicle's trade-in value during their service visit and 61% for luxury customers.
    • Only 24% of mass-market and 23% of luxury customers had trade-in conversations.
    • Daymond John on the three ways you interact with customers: “You can acquire, upsell, or make them buy more frequently.”

  • The Fed is widely expected to cut interest rates soon, but the big question is how much relief will come.
    • Fed Chair Jerome Powell will address inflation and potential rate cuts in his upcoming speech at Jackson Hole today.
    • The Fed has kept rates high since 2022 to cool inflation, but the market anticipates a rate cut in September, with a good chance for a 25-basis-point cut and a smaller chance of a 50-basis-point cut.
    • Powell remains data-driven, cautioning against cutting rates too soon to avoid reigniting inflation.
    • "This is not what an overheating economy looks like," says Fed's Austan Goolsbee, signaling a shift in economic conditions.

  • The ever-divisive Pumpkin Spice Latte is back, arriving earlier than ever this year, as Starbucks released its fall menu yesterday, sparking both joy and outrage.
    • The pumpkin spice latte has been a fall favorite since its debut in 2003, with 20 million sold annually.
    • Social media is buzzing with both excitement and frustration over the early release.
    • A 2022 study shows 55% of online pumpkin spice posts are positive, with 8% negative.

Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/

JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Read our most recent email at: https://www.asotu.com/media/push-back-email

  continue reading

840 episodi

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