Haig: Buy-Sell Q&A: Future-proofing your dealership.Haig Partners: Buy-Sell Q&A: Where the Automotive M&A Market is heading.Experian: Three steps to adapting to constant change in automotive marketing.Experian: Evolving identity beyond the “who” to enable the “how”.Experian, GroundfTruth and Spectrum Reach: Dealership marketing: Navigating automotive advertising in a post-pandemic world.Easycare: The importance of benchmarking your reinsurance performance.Easycare: Reinventing the service contract for EVs.Cox: Transforming F&I for Automotive eCommerce.Cox: Transformation toward eCommerce in automotive retailing.Big Ass Fans: Reducing risk and productivity loss with Big Ass Fans & evaporative coolers.Ally: All Ears Podcast | practices you may incorporate into your F&I department.Ally: All Ears Podcast | Used Car Bubble.Ally All Ears Podcast | reducing friction in the purchase process.
Ally All Ears Podcast | building customer loyalty during challenging times.Ally All Ears Podcast Episode | The next evolution in virtual F&I.Acxiom: Acxiom VP on the intersection of analytics and car shoppers.Cox: Video | Cox VP on advancements in digital car buying for dealers and customers.NISSAN: 2022 Pathfinder and 2022 Frontier.Tesla also reported job cuts globally, in June, of up to 10 percent. Rivian's stock price is up about 30 percent to a close of $35.01 Tuesday since its early July announcement of improving production numbers and its late July announcement of job cuts. But Rivian also announced jobs cuts of 6 percent of its 14,000-person work force. Rivian Automotive, another California EV startup struggling with its production ramp-up, reported significantly higher production in the second quarter, at 4,401 vehicles compared with 2,553 in the previous quarter. Zacks, which estimates Lucid's second-quarter loss at 44 cents per share, said "continued spending on capacity expansion of its manufacturing facility in Arizona coupled with the opening of new retail and service locations have been escalating operating costs." "On the flip side, though, high operations expenses incurred by Lucid are likely to have played a spoilsport." "The company's deliveries in Q2 are likely to have increased significantly from the last reported quarter, which augurs well for revenue growth," said a note from Zacks Equity Research. Lucid's stock price closed 6.5 percent higher Tuesday at $19.73. is expected to report second-quarter revenue of $145 million and a loss of 36 cents per share, Reuters said, citing data by Refinitiv. In February, the Newark, Calif., startup reduced its forecast for 2022 production to a range of 12,000 to 14,000 vehicles - down 30 to 40 percent from its initial estimates of 20,000 Lucid has cited a lack of parts along with supplier quality issues for production constraints at its factory near Phoenix.
#LUCID CAR PRICE REGISTRATION#
Vehicle registration data from Experian tallied 827 Air registrations from January through May - the latest numbers available.
Lucid reported a $598 million operating loss in the first quarter and raised prices on all trims of the Air, which range from $89,050 for the Pure trim, including shipping, to $180,650 for the Grand Touring Performance. With over 30,000 reservations for its Air luxury sedan and just 360 deliveries in the first quarter, the electric vehicle maker's progress in ironing out supply issues is seen by analysts as an important indicator of its financial future. Lucid Motors faces pressure to show significant gains in its production ramp-up in its second-quarter earnings report that will come after the market close Wednesday.