Ford Dealers Unite, Tech Downsizing, How Much Will Turkey Day Cost

The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier

This Tuesday we’re talking about state associations banding together to push back against Ford’s plan to separate EV and ICE dealers. We also talk about the broader layoffs being announced in the tech space, as well as a preview of how much this years Thanksgiving might cost.

• Dealer associations across the country are accusing Ford of overburdening their dealer body and breaking franchise laws in a joint letter from over 13 separate state associations in response Ford’s recent required investment of $500k to over $1M on facility upgrades, staff training and new sales standards in order to sell EVs.
• Several State association leaders including John Devlin of PAAA, Don Hall VADA, and Robert Glaser of NCADA all signed the provision as well as sending a separate letter on behalf of their states Dealers arguing the same
• Tim Hovik, chairman of Ford's National Dealer Council says the the company were aware of the state associations position and communicated they are still able to make changes while noting the dealer council is on board with the where things are heading but said the word ‘supportive’ might be too strong a word.

• Elon Musk’s Twitter layoffs weren’t an isolated event as the tech and startup sectors ready themselves for border layoffs as economic conditions are considering hiring policies to stay competitive and profitable
  • The Fed’s intention of raising the borrowing rates to more than 4% substantially changes the way businesses will operate. By comparison, in March 2020, interest rates were at around 0 to 0.25%. The access to cheap money enabled companies to go on a hiring binge
  • the company . The first broad scale layoffs in the companies history
• You can expect Thanksgiving food prices to be around 13.5% higher than they were in 2021, according to data company IRI, with the average cost rising to over $60.
  • One factor is the avian flu’s effect on turkey prices and a turkey shortage. The traditional Thanksgiving main dish is expected to cost $1.99/lb compared to $1.15/lb on average.
  • The cost of sides has increased by 18.8% and pies are up by 20.3%
  • Some relief is in sight, as Walmart announced they would offer \

Hosts: Paul J Daly and Kyle Mountsier
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