I am in Shanghai to attend press days at Auto China, and last night I attended a press event for a new brand that Chinese automaker Geely recently launched. Like many new entrants into the auto business these days, LYNK & CO, the brand, says it will recreate the auto buying experience into a kinder, gentler thing. Read about its ideas on retailing vehicles in this week’s issue.
Also, this week, I look at the impact of rising interest rates on both vehicle sales and dealership valuations. Though consumer behavior may not be changed much in the short term, rates are set to rise gradually over a few years. Don’t be like the frog in a slowly heating pot of water. Understand how the rise in rates could impact you before that impact occurs.
We also have Transaction News.