Manufacturers and suppliers face a struggling dealership sales network as the effects of the coronavirus pandemic continue to ripple across the United States.  The pandemic will likely cause an uptick in dealer terminations, forcing manufacturers and suppliers to navigate state dealership laws in the process. Part of a series, this article focuses on the issue of dealer performance.  In recent years, both courts and regulatory bodies have made it increasingly difficult to terminate a dealership…
Dealers are combating supply chain issues, economic uncertainty, and consumers’ concerns about in person shopping.  So what are car dealers, a historically face-to-face industry, supposed to do?  As Dashboard Insights shared earlier this year, Innovation was likely to be the key to success or at least survival. Car and Driver described the changes to car buying during the pandemic as “The Enlightenment.”  These changes include online negotiations and even solo test…
There can be many impediments to buying a new vehicle. COVID has certainly created a wide variety of barriers to the manufacturing and sale of a new vehicle.  Supply chain disruptions and distressed supplies, emergency orders inhibiting the ability to meet in person, not to mention the general recession across the United States and the world.  Add a new one for the industry to deal with: low inventory. Yes, vehicle inventory has dropped to…
In the months and years leading up to the COVID 19 pandemic, media outlets around the world projected the end of personal car ownership and the waning days of pizza delivery drivers. In the not so distant future, personal vehicles would be replaced by a fleet of self-driving cars, hailed by phone or virtual assistant. The consumer could sit in the back seat, working, sleeping, or otherwise entertaining themselves while the car drives down the…
As Electric / Autonomous Vehicle (E/AV) technologies continue to gain traction, E/AV companies are increasingly vying for funding in order to accelerate the rate of innovation. To stand-out amongst their peers and attract investors, E/AV companies should consider a deliberate schedule for filing patent applications. A patent portfolio is a key asset owned by the company and is often highlighted to investors as an indication of a company’s innovativeness and robust research and development pipeline.…
The United States–Mexico–Canada Agreement’s (USMCA) de minimis provision allows a small percentage of outside-of-North America originating inputs that do not meet the applicable tariff shift, to be used in a qualifying USMCA good. USCMA increased the de minimis threshold from NAFTA’s 7%, to 10%. This is, through the current de minimis provision, a good shall be considered USMCA originating even when it fails to qualify as such under the relevant Rule of Origin, as long as…
It is not difficult to find a headline about home sales booming during the pandemic. More Space, Please: Home Sales Booming Despite Pandemic, Recession; New Yorkers Are Fleeing To the Suburbs: ‘The Demand Is Insane’ (paywall); Roanoke Home Sales Increase Amid Pandemic; Dayton Home Sales Prices See Nearly 10% Jump; Home Sales Up During Pandemic; etc. No, dear reader, you have not stumbled onto a real estate blog. Home sales, in…
Europe hit a milestone in July—and no, it was not related to COVID-19 statistics. Electric vehicle (EV) car sales in Europe hit 500k in the first half of the year, outpacing China’s EV sales for the first time since 2015. Analysts say the EV sales are driving Europe’s automotive recovery. China sold 486k in the same time period, and Chinese EV manufacturer Nio reported triple second quarter sales in Q2 2020 versus…
No industry has been immune to the pandemic, and it has certainly had a significant impact on Autonomous Vehicle (AV) Research and Development. AV companies have laid-off workers, delayed testing, and postponed the launch of some vehicles. The following are some of the top negative impacts of the pandemic on the AV industry: Two ride sharing companies each laid-off about 20% of their workforce, and an autonomous vehicle joint venture laid off about 10%
An unexpected issue faced by property & casualty insurers during the COVID-19 pandemic has been premium refunds to policyholders – especially on personal auto policies. The refunds and rebates are justified by substantial reductions in auto claims and losses because of less driving as people have sheltered at home and as stores and restaurants have remained closed or with restricted operations. Beginning in late March, shortly after stay-at-home orders were widely imposed nationwide, many insurers…