COX Used Vehicle Report Surprise, Charging Charges Forward, Technology & Empathy From Pepsi

The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier

Thursday is charging ahead as we talk about yesterday’s COX Used Vehicle report. We also talk about some big moves in EV charging networks, as well as PepsiCo’s solution for keeping employees happy and stable.

• Yesterday's Cox Used vehicle report surprised more than a few folks in the industry as wholesale used prices increased 1.5% from January and days supply of Retail and Wholesale Days’ Supply
  • Below Normal in Mid-January down to 48 days as opposed to 55 days in December and 60 days YoY
  • Consumer sentiment has risen 8% to 64.6%
  • Four of eight major segments saw price increases compared to December, with gains from 0.7% to 2.8%.

• There is some forward moving energy in the EV charger business this week as several companies see big moves
  • Over the last several days DC fast charger maker Tritium announced its single largest order ever, over 1,000 fast chargers, from petroleum company BP
  • This is the second order from BP which ordered just under 1000 last time and will be placing the chargers across the US, Europe, and Australia
  • Not to be outdone, Shell announced yesterday its acquisition of EV Charging firm, Volta for $169M, who installs chargers with large media screens at public locations such as grocery stores, office buildings and theme parks
  • The company was struggling with cash due to its rapid expansion. Shell will also continue to provide additional cash for growth.
  • Meanwhile, Seattle is struggling with ev charger theft…at least the copper. 8 stations of a 15 station network have been hit since march, some of them twice.
    
• In a tight labor market where employee retention is more important than ever, PepsiCo is finding great success as they leveraging technology and empathy to improve the lives of their workers…and it’s working
  • Steven Williams, PepsiCO N/A CEO “I used to think, I want to keep my employees safe, go to work and come home like they came in,” said Mr. Williams. “That’s not enough anymore. You have to do that and be concerned with their overall well being … People are different today than they were three years ago.”

Hosts: Paul J Daly and Kyle Mountsier
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