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Scott talks with Sean Tucker from Kelley Blue Book about how Chinese cars are hurting the domestic auto market. Also Rea Hederman from the Buckeye Institute explain how climate activist are trying to raise your taxes. Finally Doug Hoffman describes a new bug that could lead to higher beef prices.See omnystudio.com/listener for privacy information.
Scott talks with Sean Tucker from Kelley Blue Book about how Chinese cars are hurting the domestic auto market. Also Rea Hederman from the Buckeye Institute explain how climate activist are trying to raise your taxes. Finally Doug Hoffman describes a new bug that could lead to higher beef prices.See omnystudio.com/listener for privacy information.
In this episode of the Used Car Dealer Podcast, Zach Klempf talks with Dan Ingle, President & COO of UsedCars.com, to discuss how affordability pressures are fueling a major shift from new to used vehicles and what dealers need to do to stay ahead in a tight inventory market. Drawing from his extensive automotive background, including leadership roles at Kelley Blue Book and AutoWeb, Dan shares practical strategies dealers can use heading into 2026. The conversation covers pricing vehicles to market, building consumer trust through stronger merchandising and vehicle history reports, and improving speed-to-lead and lead nurturing for shoppers transitioning from new to used. They also dive into inventory sourcing strategies across trade-ins, service drive, auctions, and direct-to-consumer channels, along with Dan's perspective on growing used EV demand and how dealers can better merchandise and position EV inventory for today's buyers. ⏱️ Key Questions & Timestamps 01:12 — Dan's career journey (PeopleFirst → KBB/Cox → AutoWeb turnaround → UsedCars.com) 03:39 — Why 1 in 3 shoppers are moving from new to used (affordability, rates, payments) 04:54 — Where shoppers are landing: segments, trims, and the $15K “unicorn” hunt 06:11 — Demand stays healthy… but confidence is down: need-based buying + what that signals 08:03 — What the new-to-used migration means for dealer strategy in 2026 (used mix + positioning) 09:52 — Dealer playbook: pricing to market, listing quality, VHR trust, and speed-to-lead/nurture 12:17 — Inventory flow update: off-lease returns, upside-down equity, and tight day supply 13:12 — Are we heading toward balance—or does affordability keep supply tight? 13:51 — Sourcing strategy: auctions vs trade-ins vs service lane vs direct-to-consumer channels 15:12 — Biggest inventory opportunity: late-model, clean, on-brand units (and why it matters) 15:48 — Used EVs: interest trends, impressions, and what conversion looks like so far 16:48 — Used EV buyer psychology: affordability tailwinds vs battery health concerns 17:58 — How to sell used EVs: pricing, training, range, trust signals, battery health + warranties 19:25 — Back half of 2026 outlook: merchandising opportunities + what Dan expects next 20:40 — Rapid fire: underrated segment to stock now (3–5-year sedans) 21:10 — Rapid fire: biggest dealer mistake right now (not “skating to where the puck is going”) 21:51 — Rapid fire: surprising data point (mid-April EV impressions doubled) Learn more about Usedcars.com: https://dealers.usedcars.com/?utm_source=used-car-dealer-podcast&utm_medium=podcast&utm_campaign=dan-ingle-interview&utm_content=youtube-description
Thirty years ago Beth Kobliner wrote the book that a generation of financial planners handed to their clients' kids. The core advice still holds. But the world around it has changed dramatically -- frictionless spending, gambling apps disguised as investment platforms, and a housing market where the average first-time buyer is now 40. Beth comes back to the basement with an updated edition of Get a Financial Life and a clear-eyed take on what's harder now, what's easier, and what was always just common sense.What You'll Walk Away WithWhy the shift to invisible, frictionless money has made spending harder to track -- and the two-week experiment that fixes it without turning into a second jobThe yours, mine, and ours account system for couples where one person saves and one person spends -- and why autonomy is the key to avoiding money resentmentWhy putting a price tag on your goals changes your spending behavior more than any budget ever willThe biggest mistake first-time home buyers make right now -- and the math on why a 10% down payment often beats waiting for 20%Used versus new car: the $20,000 gap that makes the decision simple -- and the negotiation script that puts you in control at the dealershipStudent loan reality check for 2026 -- what's changing by July, where to run the numbers, and who qualifies for public service loan forgiveness now that it's actually workingWhy paying off a 22% credit card is mathematically equivalent to earning 22% guaranteed -- and what that means for how you prioritize your moneyThe gambling platform statistic that should alarm every parent of a 20-something: 25% of Gen Z and millennials consider online gambling an investmentThe annuity conversation most advisors won't have honestly -- what they're actually selling, what the fees really cover, and the two use cases where they might actually make senseWhy an annuity inside an IRA is, in OG's words, an abomination -- and the three questions to ask before signing anythingWhy This Matters NowWhether you're in your 40s and wishing you'd read this at 22, or you're handing it to someone who just graduated, the fundamentals Beth laid out three decades ago are still the fastest path to financial stability. What's changed is the noise around them -- and the sophistication of the products and platforms designed to get in the way.From the BasementBeth Kobliner joins Joe and OG to walk through the 30th anniversary edition of Get a Financial Life -- covering homes, cars, student loans, debt, and the new financial traps that didn't exist in 1996. The headline segment digs into a CNBC piece on why retirees are thinking about annuities wrong, which turns into one of the more honest annuity conversations the basement has had. Doug arrives with Spice Girls trivia that everyone over 35 finds embarrassingly easy. The meatloaf debate breaks out at the end and resolves nothing.Resources MentionedGet a Financial Life by Beth Kobliner -- 30th anniversary edition available wherever books are soldBeth Kobliner -- bethkobliner.comstudentaid.gov -- loan simulator and repayment plan optionsEdmunds and Kelley Blue Book -- invoice price research before car negotiations; edmunds.com, kbb.comCARFAX -- used car history reports; carfax.comCarvana, Autotrader, CarGurus -- used car shopping platformsCNBC annuities article by Greg Iacurci -- linked at stackingbenjamins.comJP Morgan Guide to the Markets -- referenced in discussion; search "JP Morgan Guide to the Markets"Stacking Benjamins Newsletter (The 201) -- stackingbenjamins.com/201Stacking Benjamins Vault -- stackingbenjamins.com/vaultStacking Benjamins Meetups -- stackingbenjamins.com/meetupStacking Benjamins Community -- stackingbenjamins.com/basementSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The car market is shifting fast and few people have a better view of it than Erin Keating, Executive Analyst at Cox Automotive. You may not know the name Cox, but you've almost certainly used their products: Kelley Blue Book, AutoTrader, and Manheim Auctions are all under their roof, along with a treasure trove of data that spans everything from dealer inventory to EV battery remanufacturing. Craig Cole and co-host Sam Abuelsamid dig into what that data is actually showing right now. New EV sales are plateauing while used EVs are quietly surging. Roughly 30% of buyers who used to shop for new cars have disappeared from the market since 2018. And with the average transaction price hovering near $50,000, affordability is reshaping who buys what. Plus: do rising gas prices actually push hesitant buyers toward EVs, or is that assumption too simple?Chapters0:00 Introduction3:08 What Is Cox Automotive?6:15 Inside EV Battery Remanufacturing12:30 The Affordability Crisis in New Car Sales14:43 New EVs vs. Used EVs: A Split Market17:05 Which Automakers Are Winning & Losing21:01 Do Gas Prices Actually Drive EV Sales?25:20 Will Chinese Automakers Crack the US Market?32:35 Will Americans Give Up Full-Size Trucks?39:09 ConclusionsCheck out our Buyer's Guide at https://apps.greencars.com/buyers-guideVisit GreenCars on YouTube for EV and hybrid reviews and much more:https://www.youtube.com/@greencarshq Hosted on Acast. See acast.com/privacy for more information.
Consumer budget concerns are driving year-over-year surges in auto refinance applications, Strati Papageorge, senior vice president of product at PNC Financial, tells Auto Finance News in the latest episode of “The Auto Finance Roadmap” podcast.“Affordability is No. 1, the biggest reason that consumers are coming to us,” to refinance, he said. “It helps with monthly payment.”PNC reported a 60% YoY jump in auto refinance activity in 2025 and saw similar YoY growth in the first quarter of 2026, Papageorge says.OpenRoad Lending's refinance application volume surged 30% YoY in Q1 amid sustained new-vehicle price hikes and heightened consumer focus on affordability pressures. The average transaction price for a new vehicle rose 3.5% YoY to $49,275 in March, according to Kelley Blue Book data published April 9.“Even with incentives helping, I don't see transaction prices starting to come down anytime soon,” Papageorge says.Customers in better financial situations are also refinancing as “they want to pay less interest over the life of the loan and pay out their loan sooner,” he says.To address affordability, PNC expanded its financing to include older vehicle models and allows 84-month loan terms, he says.“We always try to balance longer terms with maintaining credit that's measured and balanced, so … we can help with monthly payments … while at the same time not getting too far out over our skis from a credit standpoint,” Papageorge says.PNC reported YoY declines across auto delinquencies in Q1, according to an AFN analysis of the lender's earnings supplement released April 15. Its auto outstandings rose 6.5% YoY to $16.3 billion.PNC was the 24th-largest auto lender by outstandings at yearend 2024, according to the latest Big Wheels rankings data.In this episode of “Weekly Wrap,” Auto Finance News Senior Associate Editor Aidan Bush and PNC's Strati Papageorge discuss increased refinance demand in auto finance and the major affordability pressures driving consumer behaviors.
The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
Shoot us a Text.Episode #1325: Cox Automotive makes a major AI acquisition, April sales show resilient demand under affordability pressure, and developers everywhere are racing to keep up with AI.Show Notes with links:Cox Automotive is doubling down on AI with its planned acquisition of Fullpath, signaling a major shift toward fully connected, data-driven retail. The move aims to help dealers turn fragmented data into smarter marketing and more personalized customer experiences.Fullpath specializes in stitching together years of CRM and DMS data into a single customer profile.The platform enables always-on, AI-driven campaigns with attribution from click to purchase.Cox plans to integrate this with assets like Autotrader and Kelley Blue Book shopper data.For dealers, this means less manual marketing and more automated, high-precision engagement.“Fullpath gives dealers the AI and data infrastructure they need to compete.” – Steve Rowley, Cox AutomotiveNew vehicle sales are holding steady—but the story underneath is all about pressure. April's forecast from JD Power shows demand staying resilient even as affordability challenges mount, with rising payments, growing negative equity, and increased incentives reshaping how dealers move metal.April new vehicle sales are projected at 1.36M units, down 7.3% year-over-year—but last year's numbers were inflated by tariff-driven pull-ahead demand.Average monthly payments hit a record $812, driven by declining trade-in equity and higher negative equity rates.Incentives are climbing again, averaging $3,141 per vehicle, with EV incentives still topping $10K per unit.Leasing is on the rise, now at 23.2%, as more customers return to the market after the pandemic gap.“Affordability continues to constrain the vehicle sales pace…” – Thomas King, JD PowerDevelopers are now spending hours each week learning new AI skills, turning upskilling into a required part of staying relevant in a rapidly evolving tech landscape.Many engineers are spending 5–20+ hours per week learning AI tools, courses, and concepts to keep up.AI is reshaping roles, with traditional engineering work shifting toward AI implementation and integration.The pressure is clear: adapt quickly or risk falling behind in the job market.Even tech leaders are dedicating significant time to experimenting with AI tools to stay ahead.“In order to keep up with everything that's coming out right now, you have to have no job.” – Jason Grad, CEO, MassiveJoin Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
In this episode, we sit down with Jordan Schiefer to talk about his journey from Out of Spec Studios to Kelley Blue Book (KBB), how he got his start, and what it's like creating automotive content at both an independent channel and a major brand.We dive into Jordan's story, including how he met Kyle Conner in Colorado and became part of Out of Spec during the early days when the channel still covered gas vehicles. His Mazda Miata wasn't just a passion project—it was also part of his very first video with Out of Spec.
Good news - Ohio is already among the most financially literate states in America... But the latest analysis from WalletHub reveals some trouble spots as well (at 14:29) --- The New York International Auto Show opens this weekend... We get a sneak peek at the latest in automotive technology from the managing editor of Kelley Blue Book (at 24:52) --- Around Town: Hope House is hosting their annual benefit auction later this month... Supporting programs that last year provided hope for 258 households in the community (at 43:14)
It is auto show season and this time we go to the floor of the New York City Auto show and talk to Sean Tucker, Managing Editor, Kelley Blue Book to get an update on all the latest and greatest vehicles at the show. Also, red light cameras lost a legal battle in Florida and Virginia could put speed limiters in convicted speeder cars. All that and more on the Driving You Crazy Podcast. Contact: https://www.denver7.com/traffic/driving-you-crazy 303-832-0217 or DrivingYouCrazyPodcast@Gmail.com Jayson: twitter.com/Denver7Traffic or www.facebook.com/JaysonLuberTrafficGuy WhatsApp: https://wa.me/17204028248 Instagram: https://www.instagram.com/denver7traffic Kelley Blue Book: https://www.kbb.com/ Sean Tucker: https://www.kbb.com/author/seantucker/ Production Notes: Open music: jazzyfrenchy by Bensound Close music: Latché Swing by Hungaria
When it comes to cars, the sticker price is just the beginning. Depreciation—the loss of value over time—can be one of the largest expenses of car ownership, and choosing a vehicle with strong resale value can save families hundreds or even thousands of dollars. Kelley Blue Book Managing Editor, Sean Tucker, explains which features and vehicle types tend to hold their value best, why resale considerations are important for smart budgeting, and how to make informed choices that pay off long after the purchase. Sean will also reveal the winners of the 2026 Best Resale Value Awards, which recognizes the cars most likely to retain their value during the first five years of ownership—helping families find vehicles that are both practical and financially smart. For more information visit: KBB.com
Hancock County Sheriff Michael Cortez recaps the first 'Choices and Challenges' session, held over the weekend at Findlay High School... Important discussions that are just getting started (at 15:05) --- To Your Health: What 92-million Americans who are taking statins to manage their cholesterol need to know about the side-effects of reduced CoQ10 levels as a result (at 26:16) --- Which of today's new cars will hold their value best as the used cars of tomorrow? The experts at Kelley Blue Book are out with their latest list (at 48:39)
The auto finance industry continues to navigate heightened economic uncertainty as the Iran war drives oil prices higher, adding pressure to consumers already facing elevated vehicle prices and borrowing costs. Crude oil prices surged above $100 per barrel to end last week amid fears of supply disruptions around the Strait of Hormuz, a critical route for roughly one-fifth of global oil shipments, according to market researcher Energy Aspects' data. The spike, which continued into today, pushed U.S. gasoline prices higher and increased volatility across financial markets. Higher fuel prices are adding to affordability challenges that have defined the auto market for much of the past year. The average new-vehicle transaction was $49,353 in February, while the average monthly payment for a new vehicle climbed to around $767, according to Kelley Blue Book data. Despite those pressures, credit activity remains steady. Subprime borrowers accounted for 15.3% of all vehicle loans in the fourth quarter of 2025, up from 14.5% a year earlier, as lenders seek to balance growth with risk management. At the same time, tax refunds are providing a temporary boost in demand, with the average refund expected to reach $3,742. Some lenders have reported 10% to 15% more loan applications than expected in the early weeks of tax filing. Meanwhile, capital markets remained active even as political tensions due to the Iran war widened credit spreads. Issuers continued to tap the asset-backed securities market, including Carvana, which issued a $1.1 billion prime auto ABS transaction and several securitizations by lenders seeking diversified funding. In this episode of “Weekly Wrap,” Auto Finance News Editor Amanda Harris, Deputy Editor Johnnie Martinez II, Senior Associate Editor Truth Headlam and Associate Editor Aidan Bush discuss top trends across macroeconomic dynamics, affordability, funding and powersports lending for the week ended March 13.
U.S. consumers looking for the least expensive new vehicle option are facing both bad and good news.The bad news is that the U.S. market no longer has a new vehicle with an average MSRP below $20,000. According to Kelley Blue Book, the all-but-gone Mitsubishi Mirage was the last hope. The good news is that the new cheapest car, the Nissan Versa, carries a fairly reasonable MSRP of $22,315. But the other bad news is that the Versa is dead.As Kelley points out, Nissan reportedly ended production of the Versa in December. Josh Clifton, senior product communications manager for the automaker, revealed to The Drive that the Versa died so Nissan's product strategy could live.#CarPrices, #AutoIndustry, #NissanVersa, #MitsubishiMirage, #KelleyBlueBook, #CoxAutomotive, #CarMarket, #NewCars, #AffordableCars, #AutomotiveNews, #CarBuyers, #CompactSUV, #VehicleMSRP, #CarInflation, #AutoTrends
Scott breaks down the social media addiction trial with attorney Jason Phillabaum. Also school psychologist Christine Miles explains if cell phone bans work to increase productivity in schools. Finally Brian Moody from Kelley Blue Book tells how lower emissions standards help the auto industry.
Scott breaks down the social media addiction trial with attorney Jason Phillabaum. Also school psychologist Christine Miles explains if cell phone bans work to increase productivity in schools. Finally Brian Moody from Kelley Blue Book tells how lower emissions standards help the auto industry.See omnystudio.com/listener for privacy information.
Scott breaks down the social media addiction trial with attorney Jason Phillabaum. Also school psychologist Christine Miles explains if cell phone bans work to increase productivity in schools. Finally Brian Moody from Kelley Blue Book tells how lower emissions standards help the auto industry.See omnystudio.com/listener for privacy information.
Brian Levitt, global market strategist at Invesco, says he is watching but not worried about geopolitics, the interest rate environment and more because the current business cycle is strong enough to continue through the year. Levitt entered the year with a mindset of rebalancing and diversifying to take advantage of areas like international investments and small-caps that have been underweighted in portfolios, and he says foreign stocks should benefit all year from weaker dollar conditions. Dollar strength is one of four key market signals — corporate bond spreads, transportation stocks and inflation expectations are the others — that he is watching right now as gauges of continued market and economic strength. Brian Moody, executive editor at Kelley Blue Book, discusses price trends among new cars — elevated, but stable — used cars and what consumers can do in an effort to get better prices no matter what they are buying. He also discusses Chuck's recent search for and purchase of a new car, and talks briefly about what he drives and why. Lester Jones, chief economist for the National Beer Wholesalers Association, discusses how the January 2026 Beer Purchasers Index doesn't show an end to the "beer recession," he was seeing in the numbers last fall, but it does show that sales have started to pick up from levels that had gotten ugly. That resurgence — a forward- looking indicator since it measures the sale of beer that will be available to the public in several months — could be a sign that economic consumption could be up in 2026, a phenomenon not just limited to beer.
Mainstream economists and environmentalists share something in common. Both tend to tout efficiency -- think better light bulbs -- as the solution to climate change and all our other environmental problems. But the little-understood Jevons Paradox intervenes to overwhelm any progress that comes from improved efficiency. We skewer the efficiency gains of electric vehicles, lighting, and plenty of other sectors, and we cover ideas for avoiding the efficiency trap, including unveiling our new political platform, which is sure to take the country by storm.Sources/Links/Notes:Jason Barlow, "EVs Have Gotten Too Powerful," Wired, September 19, 2025.Russ Heaps, "Heaviest Electric Vehicles of 2025," Kelley Blue Book, April 7, 2025.Wikipedia article on energy efficiency in transport that includes a table that compares many modes of transportWilliam Stanley Jevons, The Coal Question: An Inquiry concerning the Progress of the Nation, and the Probable Exhaustion of our Coal-mines (London: Macmillan and Co., 1866). 2nd edition, revised.Tomas Kloucek, "Darkness as an Endangered Species: Why Light Pollution Matters," Earth Bridge, June 11, 2025.Scenic America, "Billboards in the Sky: The Hidden Culprit Behind Light Pollution," July 30, 2025.Prepared Mind, "Welcome to the Great Unraveling (Tapestry Cloud Style Reweaving Polycrisis into Polyopportunity," June 20, 2025.2,000 Watt SocietyCalculate your ecological footprint.Related episode(s) of Crazy Town:Episode 3, "One Point Twenty-One Jigawatts"Episode 19, "I Can't Drive...
Auto dealers are expecting a strong tax season to spur a sales jolt early this year, but lenders and dealers are split on their full-year outlook amid rising vehicle prices and macroeconomic challenges facing consumers. Other factors that market participants are monitoring include how fluctuating interest rates and unemployment will affect consumer affordability and car sales. In fact, December 2025 sales were projected to fall 3.5% year over year to 1.4 million, according to Cox Automotive. Those figures will be released later this month. However, 2025 new-vehicle sales reached the best level in six years, according to a Cox Auto Dec. 17 report. Full-year sales were projected to increase 1.8% in 2025 compared with 2024, according to Kelley Blue Book estimates. At the same time, credit access improved in 2025 as fewer banks reported tightening their lending standards. The auto loan rejection rate, however, climbed 1 percentage point YoY in October 2025 to 15.2%. Still, retailers such as Tempe, Ariz.-based DriveTime are eyeing growth in 2026 as they navigate the changing auto landscape. Chief Executive Mary Leigh Phillips told Auto Finance News that DriveTime is eyeing double-digit growth across its subsidiaries. Tricolor effects Among the changes the auto industry will navigate in 2026 are the effects of Tricolor Auto's collapse, which is still playing out in court. At today's court hearing, backup servicer Vervent's responsibilities were outlined and permission was granted for Vervent to use Tricolor funds to pay collateral insurance protection and Texas seller-finance sales taxes. Read AFN's top 5 Tricolor stories in 2025. Listen as Auto Finance News Senior Associate Editor Truth Headlam and Associate Editor Aidan Bush unpack recent auto finance news and provide a look at the year ahead. Subscribe to “The Roadmap Podcast” on iTunes or Spotify or download the episode.
This week's America on the Road is a special episode for several reasons. Not only is it the 300th episode since AOTR was rejuvenated as a radio series and podcast, but it also features one of the most innovative musclecars Detroit has ever developed — the 2027 Dodge Charger Scat Pack equipped with the 550-hp SixPack turbocharged in-line six. For this special episode, host Jack Nerad welcomes guest co-host Matt DeLorenzo for a milestone edition packed with road tests, breaking news, and a deep-dive review of the biggest automotive stories of 2025.
Scott talks with Brian Moody from Kelley Blue Book about how the elimination of emission standards will help reduce costs for the auto industry. Also Commissioner Denise Driehaus explains how the Commission is trying to find ways to pay property owners their overdue tax rebates. Finally Andy Shafer from Allworth Financial looks at the current state of the market.
Scott talks with Brian Moody from Kelley Blue Book about how the elimination of emission standards will help reduce costs for the auto industry. Also Commissioner Denise Driehaus explains how the Commission is trying to find ways to pay property owners their overdue tax rebates. Finally Andy Shafer from Allworth Financial looks at the current state of the market.See omnystudio.com/listener for privacy information.
Scott talks with Brian Moody from Kelley Blue Book about how the elimination of emission standards will help reduce costs for the auto industry. Also Commissioner Denise Driehaus explains how the Commission is trying to find ways to pay property owners their overdue tax rebates. Finally Andy Shafer from Allworth Financial looks at the current state of the market.See omnystudio.com/listener for privacy information.
Scott talks with Brian Moody from Kelley Blue Book about how the elimination of emission standards will help reduce costs for the auto industry. Also Commissioner Denise Driehaus explains how the Commission is trying to find ways to pay property owners their overdue tax rebates. Finally Andy Shafer from Allworth Financial looks at the current state of the market.
The Los Angeles Auto Show is one of the year's best and this year is no exception. Joining me is Mike Danger, Senior Editor, with Kelley Blue Book from the floor of the show as we talk about the trends and new offerings at the show. That and wait until you hear what I found after Googling my name. All that and more on the Driving You Crazy Podcast. Contact: https://www.denver7.com/traffic/driving-you-crazy 303-832-0217 or DrivingYouCrazyPodcast@Gmail.com Jayson: twitter.com/Denver7Traffic or www.facebook.com/JaysonLuberTrafficGuy WhatsApp: https://wa.me/17204028248 Instagram: https://www.instagram.com/denver7traffic Mike Danger: https://www.instagram.com/danger.kbb/ Kelly Blue Book: https://www.kbb.com/ Production Notes: Open music: jazzyfrenchy by Bensound Close music: Latché Swing by Hungaria
In this sponsored episode of the Auto Remarketing Podcast, host Bill Zadeits joins with Elizabeth Stegall of Autotrader, Kelley Blue Book and ICO, and Bethany Johnson from vAuto to preview their Used Car Week workshop. Listen now and you'll get an early preview of their workshop: A 5-Point Plan to Optimize Used Vehicle Profitability.
Trying to decide between leasing or buying your next car? You're not alone—and there's a lot more to consider than just the monthly payment. In this episode of Merging Into Life, Zack Klapman is joined by Chris Hardesty, Senior Advice Editor at Kelley Blue Book and Autotrader, to unpack the financial, lifestyle, and long-term factors that come with car ownership in today's market.From building equity and managing depreciation to understanding car loan lengths, leasing fees, and how interest rates impact your total cost, Chris shares smart, real-world advice to help you make the best decision for you.
Choosing the right car for a teen driver is no easy task. Parents want something safe, reliable, and budget-friendly while teens focus on style and freedom. Finding the right balance is critical, especially as the U.S. Department of Transportation reveals that teen car crashes are the leading cause of death among 15- to 18-year-olds. Kelley Blue Book Executive Editor, Brian Moody will share expert tips to help families shop smart for their newest drivers. He'll also reveal which cars earned a spot on Kelley Blue Book's 2025 Best Cars for Teens list, highlighting the models that deliver safety, affordability, and peace of mind. Become a supporter of this podcast: https://www.spreaker.com/podcast/arroe-collins-unplugged-totally-uncut--994165/support.
Choosing the right car for a teen driver is no easy task. Parents want something safe, reliable, and budget-friendly while teens focus on style and freedom. Finding the right balance is critical, especially as the U.S. Department of Transportation reveals that teen car crashes are the leading cause of death among 15- to 18-year-olds. Kelley Blue Book Executive Editor, Brian Moody will share expert tips to help families shop smart for their newest drivers. He'll also reveal which cars earned a spot on Kelley Blue Book's 2025 Best Cars for Teens list, highlighting the models that deliver safety, affordability, and peace of mind. Become a supporter of this podcast: https://www.spreaker.com/podcast/arroe-collins-like-it-s-live--4113802/support.
Every solar array, battery system, and EV charger installed over the past decade will eventually need to be decommissioned. Yet there's no unifying system to handle that flow of materials—no operating system for the reverse supply chain that the circular economy depends on. While Americans recycle 97% of vehicles, we recycle less than 20% of electronics, leaving valuable critical minerals like lithium, cobalt, and gold to languish in warehouses or end up in landfills. The electronics embedded in our built environment represent the richest mining scene on Earth, yet we treat these refined materials as waste rather than the valuable resources they are. Meet Alexander Olesen, co-founder and CEO of Buckstop, an urban mining company launched in early 2025 to build what he calls "the intelligence layer for the circular economy." He previously founded Babylon Micro Farms, which develops distributed vertical farming systems, and he returns to Sustainability In Your Ear to share his new mission: creating a sustainable end-of-use solution for every electronic device on Earth.Buckstop took just three months to deploy its "algorithmic assay," a method of deconstructing finished goods into their raw materials and critical minerals at scale, something that wasn't possible to do efficiently before the advent of AI. The result: asset owners can now see the granular value of their deployed electronics in unprecedented detail. The scrap value of electronics typically yields only 1-5% recovery, but resale value can reach 20-30%. For Fortune 500 companies with billions in fixed assets, that circularity delta represents enormous value currently being destroyed.Olesen's approach draws directly from his decade-long experience as an OEM manufacturing vertical farming equipment with 1,200 unique components. "Why is there no comprehensive end-of-life solution for technology assets?" he asked. Every hardware entrepreneur he knew in renewables, robotics, and distributed systems faced the same problem. Buckstop's model draws inspiration from an unlikely source: Kelley Blue Book. "Kelley Blue Book was the data stream that formalized the aftermarket for vehicles," Olesen notes. Before that standardization, people would leave cars rusting by the roadside. Today, the automotive industry is the most circular industry on the planet. Olesen believes the same transformation is possible for the electronics industry. The platform currently focuses on renewable energy infrastructure—solar panels, batteries, inverters—but Buckstop's long-term vision extends to one day tracking all electronic assets. As Olesen puts it: "If you can't measure it, you can't improve it." That measurement is where circularity begins.You can learn more about Buckstop and access the beta assessment tool at buckstop.com.Subscribe to Sustainability In Your Ear on iTunesFollow Sustainability In Your Ear on Spreaker, iHeartRadio, or YouTube
The average price for a new car or truck is pretty eye-popping, exceeding $50,000 according to Kelley Blue Book. ABC's Jim Ryan tells us more.
Learn how to think about AI stocks and decide if now's the time to buy a car, including how to choose between 48- and 60-month loans. Are AI stocks in a bubble? Should you buy a car now or wait? Hosts Sean Pyles and Elizabeth Ayoola discuss AI-driven market euphoria and today's car-buying math to help you understand how to balance risk in your investments and make a cost-smart auto purchase. Joined by NerdWallet senior news writer Anna Helhoski and investing writer Sam Taube, they begin with a discussion of whether AI stock valuations resemble the late-'90s dot-com era, with tips and tricks on reading signals like index P/E ratios, building diversification beyond a single index fund, and using “lazy portfolios” or robo-advisors to stay balanced. Then, auto Nerd Shannon Bradley joins Sean and Elizabeth to discuss the 2025 car market and financing choices. They discuss what stable-but-high prices mean for timing a purchase (and how tariffs could push prices higher), how much to put down and when negotiation is realistic, and choosing between 48- vs 60-month terms if you expect to pay a loan off early. You'll also hear practical pointers on pre-qualification vs. pre-approval, checking Kelley Blue Book and Edmunds pricing, avoiding prepayment penalty surprises, and a reminder to consider tax implications if you plan to clear an auto loan with pension income. Mentioned in this episode: Lazy Portfolios: How to Diversify with Just a Few Funds Best Robo-Advisors: Top Picks for 2025 Car Shopping? The ‘Big, Beautiful Bill' May Change What You Pay Estimate your monthly car loan payment and total cost with NerdWallet's auto loan calculator. Adjust car price, term, rate and down payment to find the best fit for your budget. https://www.nerdwallet.com/calculator/auto-loan-calculator Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In their conversation, the Nerds discuss: AI bubble, Nvidia market cap, are AI stocks overvalued, Nasdaq 100 PE ratio, S&P 500 concentration, diversification strategy, lazy portfolio, robo-advisor comparison, bond allocation, international index fund, how to invest during AI boom, dot-com bubble vs AI, used car prices 2025, average new car price KBB, car tariffs impact on prices, is now a good time to buy a car, negotiating car price, Kelley Blue Book vs Edmunds, 48 vs 60 month auto loan, auto loan interest cost, prequalification vs preapproval, hard credit inquiry car loan, prepayment penalty auto loan, auto loan calculator, refinance auto loan rules, when to buy previous model year car, dealer incentives low APR, end of month car deals, pension to pay off car, car loan term strategy, tariffs and carmakers losses, Edmunds used car average price, S&P 500 exposure to AI, best Robo advisors list, and lazy portfolio examples. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of the Auto Remarketing Podcast, Bill Zadeits welcomes Elizabeth Stegall, Senior Director of Client Retention with Autotrader, Kelley Blue Book and ICO and Cody Gentry, AVP of Dealer Success with Autotrader and Kelley Blue Book. The executives breakdown high level and high interest findings for dealers from the latest Cox Automotive Whitepaper - Measuring Your Marketing That's Working.
Vehicles can get expensive. The average American spends approximately $12,000 on vehicle costs annually, according to the U.S. Bureau of Labor Statistics (2023). Are there ways to cut those costs and save a little money on expenses? Links: Research tools like Gas Buddy as an option to save money on gas purchases* Check out Triangle's competitive auto refinance rates Check out TCU University for financial education tips and resources! Follow us on Facebook, Instagram and Twitter! Learn more about Triangle Credit Union Transcript: Welcome to Money Tip Tuesday from the Making Money Personal podcast. This money tip outlines a few things you can do to reduce your vehicle expenses. With everything from gas to repairs to purchase and resale, owning a car can be expensive. Of course, the purchase price is worth noting, as well as your financing costs or interest. But what about maintenance and fuel efficiency? If you are searching for a vehicle, this provides insight into what to consider when making a purchase. If you already own a car, you may find some of these tips helpful in saving money over time. Tip 1: Be savvy, buy used. This can save you money right off the bat. You don't need to get an old vehicle; something 2-3 years old is fine. But compared to buying a new car, you could save yourself thousands off the price tag. A new vehicle can average around $47,000 according to Kelley Blue Book. However, due to depreciation, the same car can cost about half its original price in only a few years. The average price for a used car is around $26,000. If you buy a vehicle that's a few years old, you can save yourself a good chunk of change right off the bat and still get a good, reliable car. Tip 2: Get regular servicing. Tire rotation, regular oil changes, and even car washes can all help extend the life of your vehicle. Although these are all considered expenses, regular maintenance can save you quite a bit of money in the future because you're less likely to incur repair costs and it helps maintain the value of your car. It also extends the life of your vehicle, keeping you from having to buy another car every 7 years. Pay attention to your vehicle, budget for regular maintenance costs, and you'll pay less overall. Tip 3: Take control, perform repairs or maintenance yourself. If you're mechanically inclined, you may be able to do some of the work yourself. Some car servicing or repairs are easy enough to do yourself. You may not need to pay someone for servicing when you are just as likely to perform the job yourself. YouTube is an excellent resource for watching repair or service vehicles. You'll most likely be able to find a tutorial for your car and watch someone perform the repair. Just make sure you know what you're doing so you don't make a mistake that requires a professional to fix. Tip 4: Find ways to reduce your gas expenses. You can achieve this by purchasing a fuel-efficient vehicle, such as an electric car or a hybrid. If you are not looking to buy another vehicle, consider reducing the number of miles you travel. Consider staying home a little longer if you're usually on the go. You can also use an app like GasBuddy to search for the nearest gas stations and their prices, avoiding the need to drive across town to your favorite, low-cost station. Tip 5: Refinance your car payment. This is always a good option if you find your car payments are just too high. Shop around for low rates and try refinancing your car loan. This can save you a significant amount of money in expenses and reduce your monthly car payment. Triangle offers refinancing at competitive rates. Visit trianglecu.org to check the current rates and apply to refinance your vehicle. What did I miss? What are some other ways you save money on your car expenses? Let us know on social media. Share your tips and tricks. There may be someone else out there who could use the extra tips. Together, we can all save a little more. Vehicles can get expensive. The average American spends approximately $12,000 on vehicle costs annually, according to the U.S. Bureau of Labor Statistics (2023). Are there ways to cut those costs and save a little money on expenses? Thanks for listening to today's Money Tip Tuesday and be sure to check out our other tips and episodes on the Making Money Personal podcast. Have a great day! *The mention or use of the GasBuddy app in our materials is provided solely for informational purposes and does not constitute an endorsement or recommendation by Triangle Credit Union. We do not receive compensation or benefits from GasBuddy, and we are not affiliated with its developers or operators. Users are encouraged to independently evaluate the app and its features to determine its suitability for their needs. All trademarks and brand names are the property of their respective owners.
Why This Episode Is a Must-Listen Are classic cars just vintage machines, or rolling works of art? And are they a smart investment for the future? In "Classic Car Restorations: Reviving Automotive Legends," the Inspired Money panel explores how restoring classic cars is about passion, heritage, and innovation. Whether you're an investor, enthusiast, or simply curious about the intersection of culture and craftsmanship, this episode delivers powerful insights that will change the way you see collectible cars. Meet the Expert Panelists Matt DeLorenzo is a veteran automotive journalist and author with over 40 years of experience, having served as editor-in-chief at Road & Track and Autoweek, and as a senior editor at Automotive News and Kelley Blue Book. A founding juror of the North American Car of the Year awards, he has authored multiple books on iconic American vehicles, from the Corvette to the Dodge brand legacy. His next book, "Mercedes-AMG: Race-bred Performance" will go on sale this November. https://tightwadgarage.com Rupert Banner is a Senior Specialist at Gooding Christie's, bringing over 30 years of experience in the collector car auction industry, including senior roles at Bonhams, Christie's, and Sotheby's. Renowned for his global expertise, record-setting sales, and deep ties to the automotive community, he is a trusted authority on valuation, provenance, and the evolving international classic car market. https://www.goodingco.com Tamara Warren is the founder and CEO of Le Car, a Techstars-backed mobility platform and award-winning automotive journalist whose work has appeared in The New York Times, Car and Driver, Rolling Stone, and over 160 publications. A former transportation editor at The Verge and juror for World Car of the Year, she blends deep industry insight with cultural storytelling, sustainability advocacy, and a passion for automotive design and innovation. https://www.tamarawarren.com William Heynes is the founder of William Heynes Ltd, a world-renowned Jaguar preservation and restoration firm dedicated to early E-Types and rooted in the legacy of his grandfather, Bill Heynes, Jaguar's legendary Chief Engineer behind the iconic XK engine and Le Mans victories. Combining deep mechanical knowledge, period-correct craftsmanship, and a passion for originality, William leads a team committed to restoring Jaguar's most historic cars to concours-level authenticity. https://williamheynes.com Key Highlights: Restorations: Craft, Preservation, or Investment? William Heynes shared how true restoration is “about building the car for what it deserves,” not just tailoring it to the owner's preferences. At his shop, the ultimate goal is authenticity. Sometimes a restoration can involve thousands of hours and years to achieve original perfection. Market Trends and Smart Collecting Rupert Banner demystified current auction markets, noting a shift toward modern collectibles and younger buyers. He stresses the value of detailed provenance and emphasizes: “There is so much more value in just owning something and enjoying it... the car may be a conduit to new opportunities, relationships, and experiences.” Cars as a Reflection of Identity and Community Tamara Warren explored how classic cars are powerful symbols of personal legacy and social connection. "To be a collector is actually to be a steward of a legacy," she noted, highlighting the responsibility and joy of carrying forward the story of each car, brand, and community. The Future: Innovation Meets Heritage Matt DeLorenzo and the panel tackled the balance between preservation and modernization, think EV conversions, restomods, and the ethics of “continuation” models. As Matt put it: “Even if there's the rise of the self-driving car, people look at automobiles as a form of recreation... it's a lifestyle, it's a community that's not going to go anywhere.” Call-to-Action Here's your one assignment for the week: Find a car that has personal meaning to you, whether it's a car you grew up with, saw in a movie, or admired from afar, and dig into its story. Look it up, read about it, maybe even check the market. You might discover a connection that turns into a future project, or at the very least, a deeper appreciation for what makes these vehicles legendary. Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money
What happens when your car suffers hail damage or is declared a total loss—and your insurance company lowballs you on the payout? John Rush and guest Burke Payne from https://bpappraisalsllc.com break down the hidden truth about diminished value and how insurance companies routinely pay less than you deserve. Can you really fight back and win thousands more? What does it take to prove your car's true worth? Whether you're driving a daily vehicle or a classic ride, Burke shares how documentation, quarterly walkaround videos, and expert appraisals can mean the difference between getting shortchanged and getting what you're owed. Plus, don't miss Burke's live report from the National Street Rod Association show in Pueblo—over 2,000 cars expected! Could you be leaving thousands on the table after an accident? Burke Payne from BP Appraisals urges listeners not to settle with insurance companies until they've explored their full vehicle value—often getting clients $5,000 or more above the initial offer. Nationally certified and experienced in both daily drivers and classic cars, Burke's expertise carries legal weight in negotiations. Hosts John and Steve explain why Kelley Blue Book and NADA values are often misleading, and why thorough documentation—including quarterly video walkarounds of your car and home—can make or break your claim. When it comes to car culture, value matters—don't go into battle without a certified advocate in your corner. Find out more at https://fixitradio.com.
On today's show: Memorial Day racing recap; National Towing Safety Week; python hunting, plus part 1 of our visit with Brian Moody from Kelley Blue Book and AutoTrader.com. Informative automotive buffoonery from Concept One Pulley Systems, Brad's Bars and Tim's Auto Upholstery.
Learn how to keep calm and carry on with smart money moves and car buying plans amid tariffs, market swings, and rising prices. Should you buy a car now or wait — even if prices are expected to rise? How can you navigate the financial noise of today's economy without losing your cool? Hosts Sean Pyles and Elizabeth Ayoola discuss coping with economic uncertainty and the impact of tariffs on consumer behavior. Joined by NerdWallet data journalist and senior economist Elizabeth Renter, they explore how ongoing policy whiplash — from tariffs to spending bills — is fueling market volatility, price instability, and stress for financially savvy households. They share strategies for cutting through the noise, including setting boundaries on news consumption, sticking to the fundamentals of budgeting, and staying focused on what you can control. Then, Shannon Bradley, a NerdWallet authority on auto loans and car buying, joins Sean and Elizabeth to discuss whether now is a smart time to buy a car. They explore how rising tariffs, depleted inventory, and market unpredictability are reshaping the auto market. They also discuss when buying makes sense, how to tell if your current car is worth holding onto, and tools to assess financing tradeoffs. Plus: used car loan interest rates, prioritizing transportation in your budget, signs it's time to replace your car, and how to budget for future vehicle purchases. Use NerdWallet's free auto loan calculator to estimate a monthly car payment and total loan cost: https://www.nerdwallet.com/calculator/auto-loan-calculator In their conversation, the Nerds discuss: how tariffs affect car prices, economic uncertainty 2025, car prices and inflation, used car financing tips, emergency fund during inflation, average car payment 2025, best time to buy a car, auto loan calculator, how to deal with market volatility, economic stress coping strategies, when to replace your car, saving for a car down payment, impact of tariffs on economy, trade policy and car prices, high yield savings for emergencies, used car interest rates 2025, how to manage financial anxiety, budgeting during inflation, how to stay calm during economic turmoil, effects of tariffs on global trade, how to get a good deal on a car, Kelley Blue Book car value, how to plan for a recession, used car inventory shortage, when to shop for cars, employee pricing car deals, how to choose a car loan, and NerdWallet car buying tips. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices
Whether you're planning to buy a new or used vehicle, beprepared for sticker shock. According to Kelley Blue Book, the average new car sold for $48,600 in February. The average used car buyer paid $25,100. With so much money on the line, you really need to do your homework before driving off with a new set of wheels. In this episode: The 10 top picks and the latest reliabilityratings from Consumer Reports, advice for anyone considering an electric vehicle, and why used cars are going to cost more this year.Guests: Mike Quincy, Consumer Reports AutosIvan Drury, Director of Insights at EdmundsNot a Checkbook member? Sign up for a free 30-day trial to access all of our unbiased ratings.
In this sponsored episode of the Auto Remarketing Podcast, Jade Terreberry, Senior Director of Strategic Planning with Autotrader and Kelley Blue Book and Micah Tindor, Senior Director of Strategic Planning for KBB ICO share an inside look at their upcoming keynote session for the Auto Intel Summit, Apr 8-10. Jade and Micah walk us through the process and steps of finding more qualified shoppers, driving more sales and establishing lifetime value clients. Listen here to learn more and come meet Jade and Micah at AIS!
Today on CarEdge Live, Ray and Zach discuss the latest data from KBB on new car prices. Tune in to learn more!
The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
Shoot us a Text.The auto industry breathed a sigh of relief yesterday as it was announced that they will be exempt from the 25% tariffs on Mexican and Canadian goods. Plus, we're looking at the cars that hold their value the best, and Google's push towards AI search.Show Notes with links:The auto industry is temporarily relieved by a one-month exemption from the 25% tariffs on vehicles covered by the United States-Mexico-Canada Agreement (USMCA). President Trump granted the reprieve following requests from Ford, GM, and Stellantis, with the ultimate goal of shifting production to the U.S.The automotive provisions of the USMCA require that 75% of a vehicle's components be made in North America (up from 62.5% under NAFTA) to qualify for zero tariffs, and mandate that 40-45% of auto parts be made by workers earning at least $16 per hour, aiming to boost North American production and labor standards.Most automotive manufacturers comply with USMCA standards and The American Automotive Policy Council and automakers expressed gratitude for the temporary exemption.Suppliers remain concerned about long-term impacts, despite positive signs for USMCA-compliant parts.Dealers and industry experts view the exemption as part of a broader strategy to encourage domestic manufacturing, but uncertainty persists.“The damage has already been done. For an industry that operates in three- to five-year product cycles, this level of day-to-day uncertainty is debilitating.” — Glenn Stevens, Executive Director of MichAuto.Last week we covered the cars with the most depreciation, and now, Kelley Blue Book has announced its annual Best Resale Value Awards, highlighting the top performers of 2025.The top 10 vehicles are projected to retain an average of 58% of their original MSRP, compared to the market average of 44.6%.Toyota dominates the list, securing four of the top ten spots, including the #1 2025 Toyota Tacoma with a projected 64.1% resale value.The full top 10 list includes the 2025 Toyota GR Supra (53.7%), 2025 Porsche 911 (53.8%), 2025 Toyota RAV4 (53.9%), 2025 Honda CR-V (54.4%), 2025 Mercedes-Benz G-Class (56.6%), 2025 Ford Bronco (57.0%), 2025 Toyota 4Runner (60.0%), 2025 Toyota Tundra (60.9%), 2025 Chevrolet Corvette (61.0%), and 2025 Toyota Tacoma (64.1%).Google is accelerating its AI integration into search with a new feature called AI Mode, adding a chatbot-like experience directly to the core of Google Search.AI Mode, currently in testing, is only available to Google One AI Premium subscribers and must be enabled in the Labs section of Search.The feature offers a search-centric chatbot experience, delivering AI-generated answers directly from Google's search index with supporting links throughout.AI Mode uses the Gemini 2.0 model, aiming to improve Google's ability to handle more advanced queries while providing real-time data and web interaction.While concerns remain about Google's shift away from traditional website linking, Stein asserts that AI Overviews anHosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email
In this episode of the podcast, Zach sits down with Randy Kobat, President and CEO of Repair On Demand, a provider of innovative reconditioning solutions for dealerships. They discuss how reconditioning has become a critical factor in dealership success, the common inefficiencies that slow down the recon process, and how technology can help dealers cut turnaround time and maximize profitability. Randy shares lessons from his extensive background—leading brands like vAuto, Kelley Blue Book Instant Cash Offer, and HomeNet—along with key insights from his decade at Cox Automotive. They also touch on how EVs bring new challenges, such as battery diagnostics, and how a streamlined recon workflow can give dealers a competitive edge.Below are the main questions Zach asks Randy, along with approximate timestamps:Q) How did you get started in automotive tech, and what led you to your current role?Q) From scaling vAuto and Kelley Blue Book Instant Cash Offer, what lessons stand out for dealers today?Q) Why should dealers rethink how they manage their reconditioning process?Q) Where do you see the biggest inefficiencies in dealership recon right now?Q) How can dealers fix the communication breakdowns between sales, service, and third-party vendors?Q) What are the main financial and operational benefits of a streamlined recon process?Q) How does Repair On Demand help dealers eliminate recon inefficiencies?Q) Which innovations in recon technology are most exciting to you?Q) Any key takeaways from your time at Cox Automotive that you've brought to Repair On Demand?Q) With EVs on the rise, what new recon challenges do dealerships face (like battery diagnostics)?Q) What's next for Repair On Demand in the coming 12 to 24 months?Q) How can listeners reach out if they want to connect with you?Listen to more episodes here: https://www.sellyautomotive.com/podcastRead the full transcription: https://blog.sellyautomotive.com/blog/randy-kobat
Unless you live in an area with public transportation or walkable infrastructure, having a car is essential. Unfortunately, buying a vehicle can be quite an expensive and long process. Here are some tips to save money and cut down on stress when you go car shopping. Links: Shop now and get pricing at Edmunds, cars.com, and Kelley Blue Book Check out the vehicle history with Carfax Check out TCU University for more financial education tips and resources! Follow us on Facebook, Instagram and Twitter! Learn more about Triangle Credit Union Transcript: Welcome to Money Tip Tuesday from the Making Money Personal podcast. The first thing you'll want to do before you ever step foot in a dealership is to do your research. What kind of car do you want? What features are important to you? Once you have figured that out, look online for the average price of your dream vehicle. Websites like Edmunds, cars.com, and Kelley Blue Book will not only show you what a reasonable price is for the vehicle, but also where you can buy that vehicle for the best price. Another thing to consider while shopping for a car is its fuel efficiency. Vehicles with higher miles per gallon save you tons of money in the long run. If you live in an area with electric charging stations, consider buying an electric or hybrid vehicle to save even more on powering up your car. Buying a car used rather than new will save you thousands of dollars. The second a new car is driven off the dealership lot, it depreciates. Cars also depreciate over time, so you can use this to your advantage when looking for an affordable car. However, there are a couple of things to look out for when buying a used car. Check the history of the car. You can do this on websites like Carfax, which will tell you how many owners the car has had, if it's been in any accidents, and more. You should also check the mileage on the car; if it's high, that might cost more for repairs down the road. Before buying a used car, take it to a trusted mechanic to ensure nothing is wrong with it. See if you can negotiate the price. Some dealerships are willing to lower the price; just make sure to do your research first. If you notice anything wrong with the car you're planning on buying, bring it up with the salesperson. They might lower the price or offer to fix the issue. When shopping for a vehicle, it's especially critical to avoid impulse buying. Take your time to research the car you're interested in. Look up if the car has any known issues. If you're at the dealership, ask to test drive the car to get a feel for how it drives. If you do impulse buy, you're at risk of paying more than what the car is worth which can severely impact your financial stability. If there are any other tips or topics you'd like us to cover, let us know at tcupodcast@trianglecu.org. Also, remember to like and follow our Making Money Personal Facebook and Instagram to share your thoughts. Finally, remember to look for our sponsor, Triangle Credit Union, on Facebook and LinkedIn. Thanks for listening to today's Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast.
In this episode, we're pulling back the curtain on a financial hack so powerful, it could put an extra $2 million in your pocket. And it all starts with your next car purchase.
Which vehicles topped this year's Kelley Blue Book's, Best family Cars List? Mark interviews Brian Moody the Executive editor. Brian shares helpful car-shopping tips and plenty of great info!
In this engaging episode of the Millionaire Car Salesman podcast, host Sean V. Bradley converses with Angel Gross, part-owner of 144 Motors—an independent dealership in Goldsboro, North Carolina. With aspirations to significantly increase sales, Angel seeks Sean's expert advice on strategies to enhance traffic and conversion rates at her dealership! Tune in to hear Sean's insights on effective tactics for boosting dealership performance, including innovative approaches to marketing, inventory management, and building a strong referral network. This episode is packed with valuable takeaways for anyone in the automotive industry looking to drive more traffic and increase sales! Don't miss out on these expert tips that can transform your dealership's success! Key Takeaways Optimize Your Website: Ensure that your dealership's website is SEO-friendly and drives traffic directly to your Vehicle Display Pages (VDPs). Consider using a professional service specializing in automotive websites. Leads and Advertising: Consider online classifieds and third-party lead providers like AutoTrader, cars.com, and TrueCar, but be mindful of costs and the need for high-quality leads. Inventory Acquisition Strategy: Develop relationships with local businesses such as motorcycle dealerships, RV dealerships, and more, to acquire vehicles through trade-ins rather than just auctions. Referral Programs: Enhance your referral program to make it more enticing. Consider increasing payout amounts temporarily to stimulate immediate sales growth. Leveraging Social Media: Utilize platforms like Facebook Marketplace for free advertising and consider paid social media ads for more targeted reach and lead generation. About Angel Gross Angel Gross is the part-owner of 144 Motors, an independent automobile dealership located in Goldsboro, North Carolina. Angel manages various operational aspects of the dealership, including inventory management and sales strategies. With a strong determination to boost sales and enhance business performance, Angel seeks innovative approaches to attract more customers and drive growth within a highly competitive market. Resources Dealer Synergy & Bradley On Demand: The automotive industry's #1 training, tracking, testing, and certification platform and consulting & accountability firm. The Millionaire Car Salesman Facebook Group: Join the #1 Mastermind Group in the Automotive Industry! With over 28,000 members, gain access to successful automotive mentors & managers, the best industry practices, & collaborate with automotive professionals from around the WORLD! Join The Millionaire Car Salesman Facebook Group today! Win the Game of Googleopoly: Unlocking the secret strategy of search engines. The Millionaire Car Salesman Podcast is Proudly Sponsored By: Dealer Synergy: The #1 Automotive Sales Training, Consulting, and Accountability Firm in the industry! With over two decades of experience in building Internet Departments and BDCs, we have developed the most effective automotive Internet Sales, BDC, and CRM solutions. Our expertise in creating phone scripts, rebuttals, CRM action plans, strategies, and templates ensures that your dealership's tools and personnel reach their full potential. Bradley On Demand: The automotive sales industry's top Interactive Training, Tracking, Testing, and Certification Platform. Featuring LIVE Classes and over 9,000 training modules, our platform equips your dealership with everything needed to sell more cars, more often, and more profitably! Proven Strategies to Boost Sales in Independent Dealerships: Insights from Sean V. Bradley and Angel Gross Key Takeaways Diversify lead generation and acquisition strategies to combat slow traffic and sales. Leverage organic SEO and strategic partnerships to enhance visibility and customer flow. Invest in a robust referral network to generate consistent, high-quality leads. The Power of Diversification in Lead Generation Independent dealerships often face the challenge of attracting sufficient traffic and generating leads. For Angel Gross and her dealership, 144 Motors in Goldsboro, North Carolina, this is a pressing issue. With a goal of increasing their monthly sales from 8-10 units to 20, diversification in lead generation strategies becomes essential. Sean V. Bradley, president of Dealer Synergy, emphasizes the need for multiple avenues to generate business opportunities. "You need leads that, like, as someone your size, you need opportunities to do business," Bradley asserts. He highlights a comprehensive approach, suggesting online classifieds like Autotrader, Cars.com, CarGurus, Kelley Blue Book, and Edmunds. These platforms offer inventory-based opportunities by syndicating your listings, exploiting the SEO potential through Vehicle Display Pages (VDPs), and driving traffic directly to your dealership's website. However, Bradley also warns of the high costs associated with these services, which may not be cost-effective for smaller dealerships. For instance, Autotrader could charge up to $10,000 a month for their 'bells and whistles,' an investment that may be unrealistic for independent dealerships with limited budgets. Therefore, evaluating each service's cost-benefit ratio is crucial. The Strategic Use of Organic SEO and Partnerships In the digital age, having a robust online presence goes beyond just having a website. For 144 Motors, Bradley suggests focusing on making their digital footprint more effective through organic SEO and strategic content creation. He advises against over-reliance on paid Google Ads, which are not cost-effective given their low click-through rates. Bradley emphasizes, "You should have a website that is designed the right way for your small business… focused on organic search engine optimization." This involves optimizing content on the dealership's website, such as creating dedicated pages for special financing and bad credit solutions. These pages can significantly improve organic search rankings, making it easier for potential customers to find the dealership. Moreover, Bradley champions leveraging strategic partnerships with local businesses to enhance visibility and generate leads. Establishing relationships with motorcycle dealerships, RV dealerships, and power sports dealerships can create a mutually beneficial arrangement where both parties profit from referrals and trade-ins. For instance, dealerships might receive vehicles that motorcycle dealers do not want to keep, thus broadening their inventory without the high costs associated with auctions and transportation. Bradley states, "The auction is the worst thing for you guys." He explains that buying cars directly from local businesses or the public provides a more cost-effective and sustainable solution. By focusing on relationships and building a localized network, dealerships can secure better inventory while reducing operational costs. Building a Robust Referral Network Referral networks can be a game-changer for independent dealerships, creating a sustainable flow of high-quality leads. Bradley passionately believes in investing in a robust referral program that motivates individuals to bring potential buyers. "You have got to develop a referral network… I don't know if I'm going to break my neck for $200. But you're telling me I can make $700 by giving these people two deals?" Bradley's insight underscores the need for substantial financial incentives to compel potential referrers to actively participate in the program. To illustrate, Bradley suggests targeting individuals with significant social reach, such as bartenders, tattoo artists, waiters, and other local business employees who interact with numerous people daily. These individuals can act as ‘informants' who bridge the gap between the dealership and potential buyers. By offering higher referral fees, even on a temporary basis, dealerships can stimulate interest and increase the volume of qualified leads. Through diversification in lead generation, strategic SEO use, local partnerships, and a robust referral network, independent dealerships like 144 Motors can navigate slow sales periods and reach their sales goals. By integrating these approaches, the potential for sustainable growth and market presence becomes more attainable, ensuring the dealership's long-term success. Engaging in continuous assessment and adaptation of these strategies will keep the dealership ahead in a competitive market, driving consistent customer traffic and sales.
How I'm I supposed to live my life with a car that only goes 300 miles per charge when I might need to go to the dry cleaner 4 miles from my house?BONUS EPISODES available on Patreon (https://www.patreon.com/deniersplaybook) SOCIALS & MORE (https://linktr.ee/deniersplaybook) CREDITS Created by: Rollie Williams, Nicole Conlan & Ben BoultHosts: Rollie Williams & Nicole ConlanExecutive Producer: Ben Boult Producer: Gregory Haddock Editor: Brittany TerrellResearchers: Carly Rizzuto, Canute Haroldson & James CrugnaleArt: Jordan Doll Music: Tony Domenick Special thanks: The Civil Liberties Defense CenterSOURCESAllen, S. (2016, August 22). The horror of alligator attack on boy at Disney World resort is detailed in new reports. Los Angeles Times.Better Offline. (2024, May 8). Enron Musk ft. Ed Niedermeyer.Contributor, G. (2023, August 13). Are Electric Cars Really Cheaper To Own And Drive Than Gas Cars? CleanTechnica. Coren, M. (2023, August 8). 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