Amazon is officially in the online car sales business.
Speaker AAccording to TechCrunch, Amazon expanded Monday into online car sales with the launch of Amazon Autos, an e commerce business that lets customers find, order, and buy new cars, trucks, and SUVs from dealerships.
Speaker AAmazon is kicking off the new endeavor with Hyundai.
Speaker AHyundai.
Speaker AI never say that.
Speaker ARight.
Speaker AHyundai.
Speaker BHyundai.
Speaker BI don't know.
Speaker AIn 48.
Speaker BHyundai.
Speaker BI don't think so, but Hyundai.
Speaker BI think Hyundai.
Speaker AWe're gonna have to, like, cut a clip of us trying to say this because it is ridiculous.
Speaker AI.
Speaker AI want to say Hyundai, but it's not.
Speaker ARight.
Speaker AOkay.
Speaker AAnyway, yeah, 48 U.S.
Speaker Acities now, including Atlanta, Boston, Chicago, L.A.
Speaker Anew York.
Speaker AAnd the launch comes more than a year since the e commerce giant announced plans to start selling vehicles on its website in the second half of 2024.
Speaker AAmazon Autos will function in many ways like the rest of the broader Amazon e commerce ecosystem.
Speaker AShoppers will be able to search for available vehicles from participating dealers by model, trim, color, and features.
Speaker ANotably, customers will also be able to secure financing and e sign paperwork via the Amazon Auto site.
Speaker AOnce the payment is finalized, customers can schedule when to pick up their vehicle from that dealership.
Speaker AChris, could you ever see yourself buying a Hyundai or any other car from Amazon?
Speaker BDouble down on the joke.
Speaker BI love it.
Speaker BAll right.
Speaker BYes, I actually could.
Speaker BI actually could see myself doing this.
Speaker BI.
Speaker BOkay, Yeah, I think this.
Speaker BI 100.
Speaker BI think this is pretty freaking sweet.
Speaker BI think it's a great move by Amazon.
Speaker BI don't.
Speaker BDid you try it out yet?
Speaker BDid you go on the site?
Speaker BYeah, yeah, yeah, yeah.
Speaker BI can't wait to hear what you thought.
Speaker BBut I thought it was.
Speaker BI thought it was pretty darn good.
Speaker BI mean, it'll coordinate financing for you.
Speaker BThe pricing is transparent.
Speaker BYou can see all the features of the car you're buying.
Speaker BAnd you can schedule the pickup, too, at the dealership.
Speaker BSo.
Speaker BAnd the other part about it, and which you talked about in the headline, read it.
Speaker BIt works just like Amazon's garden variety marketplace.
Speaker BAnd so for that reason, I love it.
Speaker BI think it's great.
Speaker BAnd once there's more inventory than just Hyundai, look out, Ann.
Speaker BI mean, that's what's so great about this.
Speaker BLike, you know, if they get this off the ground, it's just going to keep rolling.
Speaker BBut the thing I really love about it, Ann, and this is the thing I really like, and this, the last point I'll make on this is, you know, who spends a lot of money on advertising?
Speaker AOh, yeah.
Speaker AYes.
Speaker BThe car companies.
Speaker BRight?
Speaker AYeah.
Speaker BCar companies.
Speaker BAnd to this day, the car companies via Amazon's traditional online portal have not spent any money on advertising.
Speaker BSo, you know, and so why shouldn't ads exist in the same way they have traditionally existed on Amazon for cars?
Speaker BAnd so this is a big, big play when you combine the fact that consumers can shop this way, but also Amazon could get significantly more advertising revenue from this play too.
Speaker BSo.
Speaker BSo net.
Speaker BNet.
Speaker BI'm in.
Speaker BI'm in love with Amazon Auto.
Speaker BAnne.
Speaker AYeah, I didn't even really, I don't know how I didn't think about the advertising angle, but that's huge.
Speaker AI mean, when I was in advertising the car, like having an auto client was like the biggest deal on, like you had to have an auto client to sustain an entire agency.
Speaker ASo I think, yeah, that's massive.
Speaker AI agree.
Speaker AI love this too.
Speaker ABut I came at it from the customer experience.
Speaker AAnd actually what I thought the coolest part of this was, Chris, is the Rufus integration.
Speaker ALike how you can use Genai now because that's to me that's like the logical process of going through.
Speaker ALike I'm looking for an suv.
Speaker AI need to have five seats because I have three kids and two whatever.
Speaker ALike all those questions that you typically would be searching on your own, you know, spending hours doing or talking to a car salesperson to kind of get to the right car for your family.
Speaker ALike now that can all be done on the Amazon platform.
Speaker AAnd it brings in the advertising eagle that you're talking about too.
Speaker ALike what, what an even better opportunity for some of these car companies to start targeting or serving up know their cars in that moment when you're really looking at it or being able to pull unique features.
Speaker ASo I that, that alone, to me it was like, that's really cool.
Speaker APlus I've said this a million times, like the car buying experience needs to be disrupted.
Speaker AI've purchased two cars in the last five years.
Speaker ALike there's no re.
Speaker AThere's, there's not even haggling on price anymore.
Speaker AIt's just like, this is the price.
Speaker AIt's all stupid stuff, like warranty stuff and all kinds of things that you take hours of your life that you're never going to get back.
Speaker AAnd like that stuff is out of the way.
Speaker AYou just go, you pick up the car and you're done.
Speaker AAnd I love this.
Speaker AI love it.
Speaker BYeah, that's a great point.
Speaker BYeah, I'd rather sit in front of my computer doing all that stuff than sit in, right in the office of some sales guy or finance guy while he prints out everything on a dot matrix printer and I gotta wait for him to do everything.
Speaker BYeah.
Speaker BThe other point I bring up about the ads and too, which I think is really interesting, is for new cars, particularly personalized ads do not exist in the automotive world.
Speaker BLike, they don't.
Speaker BLike, that's not something that we as consumers get served up.
Speaker BSo now when I think about that and the potential here, this just, this gets really big, really big, really fast in my mind.