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“Autocycle” and Other Trends

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Autocycle Update

We are frequently asked the question “How will the Elio be registered in my state?” The Elio will be registered as either an autocycle or a motorcycle. If you’ve been following the project, you know that our team has worked with state legislatures to ensure that Elio owners will not need to wear a helmet in their Elio and drive the Elio with their standard driver’s license. Here are two updated maps:

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In terms of the autocycle designation, at least 31 states have defined an “autocycle.” It is not necessary to have the “autocycle” designation in each state, however, we currently have two bills in Congress to make the autocycle designation federal. As we continue to make progress on the legislative front, we will keep you informed.

The True Impact of Manufacturing

It goes without saying that an American manufacturing renaissance can pay immediate dividends. An investment in the production of goods at home will inevitably improve the national economy. The creation of American jobs and goods can also have an enormous impact on smaller American cities as well and in a wide variety of ways. A headline from the Decatur Daily reads “Officials say area should see immediate benefits from auto plant.” The article points out that an auto plant will create local jobs, while also making the area more attractive to automotive suppliers, which will create even more new jobs. Additionally, the taxes generated by these new jobs will aid the growth of the community. At Elio Motors, we look forward to doing the same in Caddo Parrish, Louisiana.

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Auto Financing: Stuck in Neutral

The internet has left an indelible mark on the way we purchase just about anything. At the stroke of a finger, consumers can instantly compare prices and products and make sure they are making the most informed purchase.

According to Dealer Marketing Magazine, the automotive industry still has some work to do, especially when it comes to financing. “It’s been more than two decades since the last technology-driven shift in financing and lending behavior, back when the internet offered consumers the option (and power) of financing a vehicle online. Although much has changed, recent consumer experience surveys show that auto lending has stayed stuck in 2004, walking through sand traps of slow adoption and antiquated systems. It doesn’t take artificial intelligence to understand that we can do much better—that we must do better.”

The article recognizes that the automotive industry can use both digital and brick and mortar stores to best serve their customers. Ultimately, the best car buying experience utilizes both new technologies and tried and true dealerships. At Elio Motors, we plan on letting customers purchase and finance on their own terms. This will include online, at a kiosk at one of our retail centers, or through an informative and friendly Elio Motors representative.

 

 

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