Pub. 4 2022 Issue 1

In November 2021, electric vehicle mania was in full swing on Wall Street. Rivian’s stock price hit over $170 per share, resulting in a market cap well over $100 billion. This young electric vehicle automaker was worth close to the combined value of Ford and GM, despite having delivered only a few hundred vehicles. Lucid, another EV automaker with only a few hundred vehicles delivered, was not far behind with a market cap of nearly $100 billion. And Tesla hit a stock price of over $1,200 per share, making it a $1 trillion company and Elon Musk the richest man in the world.

Download the full 8-page report by clicking the image or link below.  http://california-new-car-dealer.thenewslinkgroup.org/wp-content/uploads/2022/04/Cal-Covering-4Q-21-1.pdf

2022 Officers and Directors John Oh Chairman Lexus of Westminster Tony Toohey Vice Chairman Auburn Toyota Hilary Haron Secretary-Treasurer Haron Jaguar Land Rover Mark Normandin Immediate Past Chairman Normandin Chrysler Jeep Dodge RAM Fiat Rick Niello, Jr. Region I Vice President The Niello Company Jessie Dosanjh Region II Vice-President Dublin Buick GMC Ted Nicholas Region

Communication within your dealership can make a world of difference for your customers, your employees, and your staff. Even if you believe your dealership is great at communicating inside and out, improvement is always possible.

Consumer interest in electric vehicles (EVs) is at an all-time high, and it’s important for car dealers to be prepared. Those shopping for a new EV will likely come to the showroom with more questions than answers, and the complementary tools featured at ElectricForAll.org can be used by new car dealers to help their customers through the EV buying process.

This month, CNCDA hosted its annual Dealer Day event – back in person – in Sacramento for the first time in over two years. I would like to give a huge “thank you” to everyone that attended and participated in the day’s events – it truly makes a difference and has set the stage for our efforts this year. We’d also like to thank our sponsors, vendors, and partners who helped make this event possible. For those who were able to attend, this year’s event more than made up for lost time.

We are only several months into 2022, and already this year is one for the books. With an unprecedented effort to eliminate PAGA, a historic election year that will change the legislature for years to come, and a full slate of legislative battles, CNCDA is in overdrive to seize the opportunities in front of us.