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Dealerships Selling Like Hotcakes, Bright Drop To Hit $1B, Dominos Gets Charged

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Manage episode 347643583 series 2988189
Innhold levert av ASOTU. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av ASOTU eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

It’s a magnificent Monday to be in the car business as we warm up those turkey ovens and those Black Friday deals. Today we discuss private sector buy/sells, GM’s Bright Drop reaching $1B, and Domino’s EV delivery strategy.

  • The Dealership buy/sell transaction count reached 178 through the first half of 2022 which is a 19% jump from 150 in 2021 yet the total number of stores which traded hands was down.
    • Private acquisitions drove the purchasing momentum as the publics’ activity was down by almost half
    • Alan Haig, president of Haig Partners, said while the publics' acquisition activity remains high compared with the period before the coronavirus pandemic, it is below last year's first-half pace.
    • Haig and others expect the publics to continue purchasing given their aggressive revenue targets.
    • Record blue-sky is also a factor although earnings have seemed to plateau according to Haig
    • Dealers and firms expect acquisition activity to pick up as we approach end of year "We're going to continue to see a lot of activity by private buyers," Haig said. "They have more cash flow than they've ever had in their careers."
  • GM’s last mile delivery company, BrightDrop shared that it is poised to reach $1B in sales in the year 2023 which would make it one of the fastest companies in history to ever reach that figure within 3 years.
    • Has over 25,000 reservations and letters of intent from Walmart, Hertz, FedEx and Verizon — and already has vehicles on the road making deliveries today
    • In Sept the released their Trace Grocery E-cart and early adopter Kroger to deploy the boxy carts that can carry 350lbs of groceries w/temp controls that keep food safe for up to 4 hours and can be brought outside directly for customer pickup after digital verification
    • “We’re a tech startup with a subscription-based product offering that’s backed by a global powerhouse — this puts us in a league of our own,” said Travis Katz, BrightDrop president and CEO.
    • BrightDrop is tracking $10B in sales at a 20% margin by 2030
  • Domino’s Pizza is investing in a fleet of new Chevy Bolt’s in an effort to add delivery drivers to its ranks, cut emissions, save money, and of course, deliver more hot pizzas.
    • Will be securing 800 units to serve 37 company owned stores and hundreds of franchisees. Units will start hitting the road this month as they will have the largest EV fleet in the pizza industry
    • Hiring and retaining delivery drivers has been a challenge for the industry and providing the vehicle opens up the labor pool to those who don’t have their own vehicle
    • Unlike Papa Johns and Pizza Hut, Dominos fulfills all of its deliveries in an effort to maintain quality
    • Dominos cites rapid recovery of costs due to lack of fuel and maintenance expenses

Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/

JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Read our most recent email at: https://www.asotu.com/media/push-back-email

  continue reading

699 episoder

Artwork
iconDel
 
Manage episode 347643583 series 2988189
Innhold levert av ASOTU. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av ASOTU eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

It’s a magnificent Monday to be in the car business as we warm up those turkey ovens and those Black Friday deals. Today we discuss private sector buy/sells, GM’s Bright Drop reaching $1B, and Domino’s EV delivery strategy.

  • The Dealership buy/sell transaction count reached 178 through the first half of 2022 which is a 19% jump from 150 in 2021 yet the total number of stores which traded hands was down.
    • Private acquisitions drove the purchasing momentum as the publics’ activity was down by almost half
    • Alan Haig, president of Haig Partners, said while the publics' acquisition activity remains high compared with the period before the coronavirus pandemic, it is below last year's first-half pace.
    • Haig and others expect the publics to continue purchasing given their aggressive revenue targets.
    • Record blue-sky is also a factor although earnings have seemed to plateau according to Haig
    • Dealers and firms expect acquisition activity to pick up as we approach end of year "We're going to continue to see a lot of activity by private buyers," Haig said. "They have more cash flow than they've ever had in their careers."
  • GM’s last mile delivery company, BrightDrop shared that it is poised to reach $1B in sales in the year 2023 which would make it one of the fastest companies in history to ever reach that figure within 3 years.
    • Has over 25,000 reservations and letters of intent from Walmart, Hertz, FedEx and Verizon — and already has vehicles on the road making deliveries today
    • In Sept the released their Trace Grocery E-cart and early adopter Kroger to deploy the boxy carts that can carry 350lbs of groceries w/temp controls that keep food safe for up to 4 hours and can be brought outside directly for customer pickup after digital verification
    • “We’re a tech startup with a subscription-based product offering that’s backed by a global powerhouse — this puts us in a league of our own,” said Travis Katz, BrightDrop president and CEO.
    • BrightDrop is tracking $10B in sales at a 20% margin by 2030
  • Domino’s Pizza is investing in a fleet of new Chevy Bolt’s in an effort to add delivery drivers to its ranks, cut emissions, save money, and of course, deliver more hot pizzas.
    • Will be securing 800 units to serve 37 company owned stores and hundreds of franchisees. Units will start hitting the road this month as they will have the largest EV fleet in the pizza industry
    • Hiring and retaining delivery drivers has been a challenge for the industry and providing the vehicle opens up the labor pool to those who don’t have their own vehicle
    • Unlike Papa Johns and Pizza Hut, Dominos fulfills all of its deliveries in an effort to maintain quality
    • Dominos cites rapid recovery of costs due to lack of fuel and maintenance expenses

Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/

JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Read our most recent email at: https://www.asotu.com/media/push-back-email

  continue reading

699 episoder

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