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6/15-Smartbrief 6/17/2021 NAAA SmartBrief June 15, 2021 Keeping you informed with industry news SIGN UP ⋅ SHARE NEWS & TRENDS Chip-challenged car sales pull down US retail sales The ongoing semiconductor shortage and consequent shortage of new cars and sales led the way as overall US retail sales fell 1.3% in May from the month before, the Commerce Department reported. Sales at car dealerships were down 3.7% for the month. Full Story: ABC News (6/15) Hyundai Motor wants to star in autos and chips The Hyundai Motor Group, which has struggled with obtaining critical components for its automotive manufacturing operations, is mobilizing its Hyundai Mobis unit to design the microchips the conglomerate needs, after acquiring Hyundai Autron's semiconductor business late last year. Hyundai Mobis plans to partner with DB HiTek Co. and Key Foundry Co. to develop a chip supply chain for making microcontrollers and power management chips for Hyundai and Kia vehicles. Full Story: Pulse by Maeil Business Newspaper (South Korea) (6/15), Pulse by Maeil Business Newspaper (South Korea) (6/15) Perfect storm of factors jacking up used-car prices A Manheim index that charts wholesale prices for used cars reveals a 48% jump in May from a year before, all attributable to a confluence of shortages and rising demand. Pandemic shutdowns, a lack of semiconductors and supply chain interruptions cut into auto production and led to an estimated 1.43 million-vehicle production shortfall in Q1 even as consumer demand picked up, putting a big premium on used vehicles and straining dealer inventories. Full Story: Cars (6/15) G-7 set 2050 target for net-zero emissions BBC (free registration) (6/14) Lordstown Motors CEO, CFO quit; future "is in jeopardy" Investor's Business Daily (6/14) Gigasolar gets $36M from Foxconn unit to develop EV materials Reuters (6/15) EVs and hybrids to top 70% of Chinese new car market by 2030 CNBC (6/15) TECHNOLOGY Researchers in energetic pursuit of a better battery Better batteries are essential to the future of electric vehicles, and researchers are focusing both on short-term improvements in charging capacity and range as well as the longer term. Ultimately, this will require solving the highly complex problem of creating a solid-state battery that eliminates the liquid electrolytes now used in lithium-ion batteries. Full Story: Forbes (tiered subscription model) (6/14) https://www2.smartbrief.com/servlet/encodeServlet?issueid=39B8BB34-C361-49EF-B767-78C4438736CD&sid=15cdd1a9-53c3-46d0-af32-c630cf7262ad 1/3 6/17/2021 NAAA SmartBrief BUSINESS & SALES OPERATIONS What sales teams need to know about managing change Successful change management calls for sales leaders to believe in what they're doing, listen to concerns and get everyone on the same page, writes LinkedIn sales executive Catherine O'Connor Hurley. "If everyone is doing something different, it's nearly impossible to isolate what's working, let alone replicate, iterate on, and scale those successes," Hurley writes. Full Story: Chief Executive (6/10) Government financial assistance is still available Now that the second round of the Paycheck Protection Program has ended, small-business owners may need to rely on nonbank sources of funding, writes Rohit Arora, co-founder of Biz2Credit. Government programs like the COVID-19 Economic Injury Disaster Loans can provide relief, as well as the Shuttered Venue Operators Grant program, and even the National Institutes of Health provides grants, Arora writes. Full Story: Forbes (tiered subscription model) (6/14) OFF THE BLOCK Talbot-Lago a rare example of French style Only two out of the four 1948 Talbot-Lago T26 Record Sport Cabriolets still exist, and one of the two notable for its Figoni et Falaschi coachwork is coming up for auction in August. The sleek and powerful example of French styling fell on hard times soon after its debut but has since been restored twice and is now in concours condition. Full Story: The Classic Cars Journal (6/14) NAAA NEWS Celebrate Good Times At The NAAA Convention The big announcement is here, don't miss Kool & The Gang in concert at the NAAA Convention. Get ready for some Big Fun and Celebration all in the Spirit Of The Boogie. (Kool and the Gang Show/YouTube) America's Auto Auction Dallas Hosts Auctioneer Training America's AA Dallas was honored to host and participate in America's Auction Academy's Auctioneer Training Course. The Academy provides training on the Auction Chant and how to operate an auction business. America's AA looks forward to seeing the future auctioneers back in their lanes soon. If it weren't for the last minute, nothing would get done. Rita Mae Brown, writer, screenwriter June is Pride Month https://www2.smartbrief.com/servlet/encodeServlet?issueid=39B8BB34-C361-49EF-B767-78C4438736CD&sid=15cdd1a9-53c3-46d0-af32-c630cf7262ad 2/3.
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