Short excerpt from a YouTube video by Chris Collins proposing that auto manufacturers (e.g., Tesla, Ford, GM, Toyota) could gain a marketplace advantage by offering their own insurance bundled with vehicle purchases and servicing, leveraging parts/dealership networks and body shops to create a profit center and reduce purchase barriers tied to insurance costs.
What you're kind of insinuating is that the a lot of times barrier to purchasing a car is the insurance. Tesla has their finger on that. Yeah. Maybe Ford and GM and Toyota should start doing their own insurance. There is economies of scales with that. Right. Because you own the parts department and you could incentivize dealerships to have body shops. It could be a profit center for you and you could compete in the marketplace. So instead of going to Geico, somebody gets a Corolla and you're like, hey, do you want us to add in insurance for another whatever a month and it's just part of your payment?
