In this episode of the Used Car News Podcast, host Jeffrey Bellant speaks with John Coles, Vice President of Data Science and Analytics for ACV, about the current trends in the used car market. They discuss the impact of supply and demand on vehicle values, particularly focusing on gas, electric, and hybrid vehicles. The conversation also highlights the strategies independent dealers are employing to acquire inventory and the importance of data analysis in understanding market dynamics. Additionally, insights from the NAAA Convention are shared, emphasizing the evolution of the auto auction industry and the challenges faced by dealers.

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Chapters

00:00 Navigating the Used Car Market
01:23 Supply and Demand Trends in Vehicles
10:27 Strategies for Independent Dealers
15:37 Understanding Market Basket Analysis
23:09 Insights from the NAAA Convention

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In this podcast episode, Jeffery Bellant and Kirsten Von Busch discuss the latest Automotive Consumer Trends and Analysis Report, focusing on generational insights in automotive purchases. They explore how different generations approach car buying, the implications for dealers, and the trends in electric vehicle registrations. The conversation highlights the importance of understanding consumer behavior and adapting marketing strategies accordingly, especially in a competitive used car market.

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Chapters

00:00 Introduction to Automotive Consumer Trends
01:22 Generational Insights in Automotive Purchases
10:10 Market Trends and Implications for Dealers
17:28 Future of Electric Vehicles and Generational Shifts
21:30 Conclusion and Resources for Dealers

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Brendan Jones, owner of Ready Motors and a state lawmaker, shares his journey in the car dealership business and politics. He discusses how his family got into the car business and the challenges they faced. Jones also talks about his experience in the state legislature and the importance of small businesses and car dealerships in the community. He highlights the role of associations in advocating for the industry and the need for effective implementation of laws and regulations. Jones emphasizes the positive impact car dealers have on their communities and the importance of good government for the industry.

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Chapters

00:00 Introduction
00:53 Brendan Jones' Background in the Car Dealership Business
07:34 Brendan Jones' Entry into State Legislature
11:24 The Experience of Serving in the State Legislature
13:19 The Importance of Associations in Advocating for Car Dealerships
14:40 Challenges in Implementing Laws and Regulations
19:18 The Positive Impact of Car Dealerships in the Community
23:26 The Role of Associations in Advocating for Car Dealerships
24:36 The Importance of Effective Implementation of Laws and Regulations
25:28 Advocacy Efforts by NIADA
25:54 Conclusion

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Competition is fierce in the used car arena, so how can you ensure that your pre-owned inventory stands above the rest? Success starts with the quality of your leads. AutoTrader for Independence offers products that help drive high-quality leads for independent dealers like you. In this episode of the Used Car News Podcast, host Jeffrey Belant interviews Aaron Hancock, the director of product management for automotive at Lead Venture. They discuss various topics, including the impact of the CDK Global ransomware attack, the changing marketplace, the transition to digital, the importance of security training, and the role of artificial intelligence in the automotive industry.

Read this months issue here.

Chapters

00:00 Introduction
01:23 The Impact of the CDK Global Ransomware Attack
04:44 The Changing Marketplace and the Transition to Digital
08:00 Meeting Consumer Expectations for Online Car Buying
09:29 Adapting Processes and Communication Methods
12:51 The Role of DMS in the Automotive Industry
15:06 The Importance of Reputation Management
19:10 The Rapid Pace of Technology Changes and the Role of AI
21:34 Educating and Supporting Dealers in the Digital Transformation
24:18 New Products and Innovations in the Automotive Industry
27:36 Conclusion

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On this episode of Used Car News, Jeff Balant sits down to talk with Ignite Consulting to talk about the recent hacking that affected the car industry and safeguard rules. Plus much more.

Steve Levine is an auto finance lawyer with 30 years of experience helping and protecting car dealers and finance companies. He is an owner and chief legal and compliance officer of Ignite Consulting Partners, which offers compliance, operational and best practices guidance and training.

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In this episode of Used Car News, Jeff Ballant talks with Tom Kondrat the Global Lead of Advanced Analytics from Urban Science on the electric vehicle transition we're currently in. This is an episode of all you need to know about the future of electric vehicles and how this affect the used car industry.

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On this episode of Used Car News, Jeffrey Ballant sits down to talk with Director of Industry Analytics for CarGurus, Kevin Roberts to discuss CarGurus' quarterly review, EV cars and upgrades amongst other important topics on used cars.

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On this episode of Used Car News, Jeffrey Ballant talks with full time coach Joe Miller about his ventures in the auto industry and his business "Awareness To Action Coaching" on how to be a better manager. Find out more at Joe@AZACoach.com

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