Car Dealership Guy Podcast

#9 Why we still have vehicle shortages, new and used car price predictions, when we’ll get back to normal & that time CDG bought 50 Chevys at auction | Jonathan Smoke, Chief Economist, Cox Automotive

May 12, 2023

51:54

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Episode notes

Introduction

2min

The Predictability of Wholesale Use Vehicle Values

2min

How I Got to Where I Am Today

5min

The Impact of the Pandemic on the Car Business

2min

The Importance of Data in the Industry

3min

The Future of Car Prices

3min

The Disconnect Between Supply and Demand

2min

The Rise of the Domestic Brands

4min

The Supply and Demand of Domestic and Asian Brands

3min

10.

Normalization of Vehicle Prices

2min

11.

The Normalization of the Use Car Market

2min

12.

How Dealers Are Responding to a Limited Market

2min

13.

The Challenges of Diversifying Your Business

2min

14.

The Future of the Used Car Market

4min

15.

The Man-High Index Is Up 2% Year Over Year in December

2min

16.

The Advantages of Buying a Used Car

2min

17.

Elon Musk's Take on Electric Vehicles

3min

18.

Electric Vehicle Value Retention Is Stronger Today Than It Was Five Years Ago

2min

19.

Tesla's Price Cuts Have Consequences

2min

20.

The Economy and the Auto Market

3min

21.

How to Be a Successful Twitter Influencer

2min

In this episode, I'm speaking with Jonathan Smoke, Chief Economist at Cox Automotive.

(00:00) Intro

(00:51) Our unique market environment

(04:12) Jonathan's background

(08:45) The Great Digitization

(11:46) That time CDG bought 50 Chevys at auction

(13:40) Are we in a K-shaped recovery?

(18:45) Domestic vs International supply constraints

(26:00) When do we get back to 2019 price levels?

(33:45) Forecasting new vs used car prices

(38:19) Advising a new car buyer

(41:42) Jonathan's take on EVs

(47:38) DJ Smoke's recommended listening

You can find Jonathan here:

Twitter @SmokeonCars

Smoke on Cars insights at Cox Automotive

This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Check out dealershipguy.com for more and follow me on Twitter @GuyDealership!

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Car Dealership Guy Podcast

#9 Why we still have vehicle shortages, new and used car price predictions, when we’ll get back to normal & that time CDG bought 50 Chevys at auction | Jonathan Smoke, Chief Economist, Cox Automotive

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