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Car Dealership Guy Podcast
#103 CDG Market Update: Are inventory levels back to the “new-normal”, Record levels of negative equity, VW drops a $5 Billion bombshell | Jessica Caldwell, Head of Insights at Edmunds
Jul 23, 2024
Jessica Caldwell, Head of Insights at Edmunds, discusses market inventory levels, negative equity records, VW's $5 billion investment in Rivian, and the impact of CDK hack. Topics include APRs, record high borrowers with $1,000+ payments, and the challenges of negative equity in the automotive industry.
50:28
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Quick takeaways
- Automotive market sees shift towards SUVs, sedan segments decline, risk management through partnerships and EV exploration.
- CDK software outages impact sales with SAR decline, dealers adapt to manual processes amid service operation challenges.
Deep dives
Industry Transition to SUVs amid Product Line Changes
The automotive industry is witnessing a shift towards SUVs as traditional sedan segments decline. Automakers like Nissan and Stellantis are undergoing product renaissance, with possible models like the Ultima facing discontinuation. Companies navigate risks by seeking partnerships for investments and exploring EV market potentials.
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Discover
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