Although many dealers may dread their arrival, electric vehicles have arrived, and more are coming. According to a recent Cox Auto study, dealerships and consumers have the same reservations regarding electric vehicles, mainly cost, battery life, and charging infrastructure.
These barriers are actually coming down pretty quickly, but auto manufacturers are doing a poor job of educating dealers about EVs, the study found. In turn, dealerships aren’t educating consumers. Most OEs are coming out with more EV models in the next few years. They better step up their education of, and cooperation with, dealerships if they hope to sell those EVs, the study suggests.
On to this week’s issue, which turns out to have a bit of a due diligence theme. First, Barry Bagus returns with an in-depth look at what due diligence is and why it is important to a smooth buy sell. He lists the key elements of a thorough due diligence process.
Then, Joe Aboyoun looks at the anatomy of a failed buy sell transaction. Issues from lack of manufacturer approval to environmental issues can scupper a deal. But thorough due diligence can help you avoid many of those pitfalls!
And, wait for it … Transaction News.