4.4 • 3K Ratings
🗓️ 11 December 2024
⏱️ 30 minutes
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0:00.0 | One car dealer revs up while another slows down. |
0:07.7 | You're listening to Motley Full Money. |
0:13.6 | I'm Mary Long, joined today by the illustrious Osset Sharma. |
0:17.5 | Asset, thanks for being here. |
0:19.4 | Mary, no one's called me illustrious since I put too much hair gel in my hair as like a 20-something. |
0:27.2 | So I appreciate that. |
0:28.8 | You know what? |
0:29.6 | I'm out here trying to help you out, gas you up a little bit. |
0:32.2 | We were talking about books before we started recording. |
0:34.4 | I feel like that puts another check in the illustrious box for you. |
0:38.6 | But I digress. I digress. I'll wear the lester proudly throughout the rest of the day. |
0:43.6 | There we go. That's not why we're here. That's not why we're here. No, we're here to talk about a lot of car stuff today. |
0:49.2 | We got news yesterday that Amazon has officially entered the car dealer business, or for now, specifically, |
0:55.6 | the Hyundai biz. In 48 U.S. cities, you will now be able to buy Hyundai vehicles off of Amazon |
1:01.2 | through participating dealers. So Amazon kind of acting as a middleman here. You'll also be |
1:06.0 | able to finance the car, arrange a pickup, and or trade in your old car all through the Amazon app. |
1:13.1 | More manufacturers are allegedly coming next year. Right off the bat, I can think of a bunch |
1:18.2 | of different players who are affected by this announcement. Let's maybe start with traditional |
1:22.9 | car dealerships. What do you think they are thinking right now? I think for them it's wait and see. So let's start |
1:30.4 | with traditional car dealerships that operate within the Hyundai. And I'm sorry, I pronounce this |
1:36.5 | differently than you, Mary, but I could very easily be wrong. It's just stuck in my head. Hyundai |
1:43.3 | dealerships, you get to opt into this program. I mean, |
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