Gone is the iPod, Carvana in the News, & the VW Scout back as an EV

The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier

Digital Dealer may be wrapping up today, but the automotive industry has a full head of steam. For those that are iPod historians, we have a sad truth hitting the airwaves today. From things leaving to things coming back, we know that change is always in the air in the current market.

• Apple to Sunset the iPod for good
  • Released in 2001 and touted to hold up to 1,000 CD-quality songs on a device that fits in your pocket. By mid-2007, more than 100 million iPod devices had been sold.
  • Take Away: Not everything lasts forever. Even the greatest of inventions/innovations sometimes need to make way for future change and innovation.
• Carvana to freeze executive salaries and cut 2500 employees
  • The 2500 employees make up 12% of the company
  • The news comes just after Carvana closed the deal to acquire ADESA
  • “They have lost more than 50% since raising $1.25 billion in an equity offering last month.”
  • Employees taking to Twitter to talk about the seemingly cold way the company approached the cuts
  • Take Away: As dealers, our people are our greatest asset. Care for your people well and they will care for your business well
• Volkswagen is bringing back the Scout as an off-road EV brand

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Hosts: Paul J Daly and Kyle Mountsier
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