Welcome to the third episode of The Car Dealership Guy Market Update—Brought to you by Edmunds.
This segment is a monthly discussion with automotive industry experts and dealers about where our car market is today -- and where it may headed.
From insider-only dealership insights to macroeconomic trends, my goal is to make you smarter and more informed about the state of our car market in less than an hour.
Let's get into it!
This episode of the Car Dealership Guy Podcast is brought to you by:
Edmunds - Premier is a solution from Edmunds that connects you with in-market shoppers when, where, and how they want to connect. New customers get half off for 90 days when you sign up at https://edmu.in/3zNg82i
Car Dealership Guy News - The #1 source for concise and unbiased car industry news. Stay informed with the most relevant and interesting stories by visiting https://cdg.news
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Topics:
(00:00:00) - Intro
(00:01:34) - The state of the industry at the end of Q2 2024
(00:02:58) - The impact of the CDK hack on sales
(00:07:19) - Where are inventory levels?
(00:11:22) - What do you predict for incentives?
(00:18:56) - Brand performances
(00:29:07) - Market share by segment trends
(00:32:03) - The state of affordability
(00:33:37) - APRs
(00:35:29) - Record high borrowers paying over $1,000 per month and incentive spikes
(00:37:43) - Negative equity
(00:43:30) - Volkswagen x Rivian announcement
(00:46:24) - Outlook for the next three months
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