Secret To Setting Business Goals for 2024. Plus, Some Talk on The Car Market! Episode#793

In this episode, Nick discusses the challenges and limitations of electric vehicles (EVs) and the current state of the car market. He highlights the issues with battery technology, including reduced range in extreme temperatures and concerns about battery life. Nick also analyzes the used car market, noting a recent decline in prices, and discusses the oversupply and pricing manipulation in the new car market. Finally, he emphasizes the importance of analyzing the current year's performance before setting goals for the next year.

Battery technology for EVs still has limitations, including reduced range in extreme temperatures and concerns about battery life.

The used car market has seen a recent decline in prices, providing an opportunity for buyers.

The new car market is experiencing oversupply, but prices have not decreased accordingly, indicating pricing manipulation.

Before setting goals for the next year, it is crucial to analyze the current year's performance, including revenue, expenses, and marketing efforts.

Chapters

00:00 Introduction and Ford's EV Program

03:26 Challenges with Battery Technology and Consumer Adoption

08:44 Used Car Market and Pricing

13:47 New Car Market and Pricing

22:28 Analyzing the Current Year and Setting Goals for the Next Year