Used Car Dealer Podcast

In this episode of the Used Car Dealer Podcast, Zach interviews Dennis McGinn of Rapid Recon. They discuss the best practices for dealership recon, potential impact of right to repair and recall disclosure-related bills on recon management, and other timely topics.Some of the questions asked include:Q) Can you talk about your background as an executive at HP and what led you to start Rapid Recon?Q) What does Rapid Recon do for dealers, and how has the product evolved since the early days?Q) Can you tell us about the culture you have built at Rapid Recon and how former users have become employees?Q) What has stuck with you the most about building a first-in-category company like Rapid Recon, and what were some of the initial challenges?Q) Can you discuss your latest book, "Strategic T2L - Connect to What You Expect," and what the most significant takeaways are?Q) What do dealers most often misunderstand about recon, including franchise, and what are the common mistakes your team has observed pre-implementation of RR?Q) What are the top three best dealership recon practices from over a decade of time in the recon software space?Q) What are your thoughts on the right to repair and recall disclosure-related bills being discussed in Washington and their potential impact on recon management for dealers?Q) What are the differences and opportunities with the recon of EV vehicles?Q) If you were a used car dealer looking to scale your business, at what point (ex. vehicles sold per month or on lot) should you consider recon software?Q) Lastly, can you give us an idea of what's coming down the pipeline from Rapid Recon for 2023?Listen to our other podcast episodes: https://www.sellyautomotive.com/podcastTranscribe of this podcast - https://blog.sellyautomotive.com/blog/dennismcginn2023

In this episode of the Used Car Dealer Podcast, Zach interviews Adam Crowell of ComplyNet. They discuss the importance of FTC Safeguard compliance for used car dealers, the proposed rules by CFPB and FTC, safety recalls and non-proper disclosure for dealers, and advice on how to get started with compliance.Some of the questions asked include:Q) Talk about your background on the legal side of automotive and what you guys do for dealers at ComplyNet? Q) What's most important for dealers to understand about FTC Safeguard? Q) What would be a couple examples for context purposes of the technical or admin things that used car dealers might have to do to be in compliance?Q) What's your opinion on the belief held by some dealers that they are not at risk of getting into trouble with FTC Safeguard and other compliance considerations?Q) What were some of your observations as dealers tried to comprehend FTC Safeguard and put into place measures for the Dec 9th deadline (which is now extended until June)? Q) Talk about new proposed rules by CFPB and FTC, which impact used car dealers, especially BHPH? Q) Talk about safety recalls and non-proper disclosure for dealers? Is this another big focus for enforcement coming forward? Q) If you were a used car dealer, thinking about the upcoming June deadline, what advice would you have to get started in moving toward FTC Safeguard compliance? Q) Lastly, Adam, what’s coming down the pipeline from the ComplyNet for 2023?Listen to our other podcast episodes: https://www.sellyautomotive.com/podcastTranscribe of this podcast - https://blog.sellyautomotive.com/blog/adamcrowell2023

In this episode of the Used Car Dealer Podcast, Zach interviews Melanie Wilson, newly appointed CEO of NIADA. They discuss the latest initiatives with NIADA, her new role as CEO, and more! Some of the questions asked include:Q) Tell us a little bit about yourself, how you got into NIADA as well as the auto business.Q) Congrats on the new role, tell us about the interim CEO role of NIADA and what it means for members? Q) What unique insight are you bringing over from your CFO experience to the new interim CEO role? Q) Tell us about some of the big NIADA initiatives for 2023?  Q) What was most surprising in our industry during 2022?Q) What are your predictions for 2023 for the used car marketplace?Q) This year's 2023 NIADA expo is being held in Las Vegas at the amazing Wynn Hotel, tell us about it? Q) Is there anything exciting you want to announce or plug NIADA related?Listen to our other podcast episodes: Used Car Dealer Podcast | Selly Automotive CRMTranscribe of this podcast - Interview w/ Melanie Wilson of NIADA (sellyautomotive.com)

In this episode of the Used Car Dealer Podcast, Zach interviews Keith and Chris McCrone of Dealer 101 recorded LIVE at Used Car Week in San Diego, CA. They discuss training dealers just getting into the business, continuing education for dealerships, challenges as well as opportunities in 2023, and other timely content for used car dealers. Please note because this podcast is recorded live, you may hear slight conference noise in the background.Some of the questions asked include:Q) Chris, tell us, as an icebreaker, how you got started in the car business? Q) What made you start Dealer 101, and what does it do (for audience short pitch/background)? Q) Through training hundreds of car dealers, what are your suggestions for someone just getting into the business (new license training)?Q) So, what do you do on the continued education side (ex., Auction course) at Dealer 101 for used car dealers? Q) Follow Up - Any interesting observations on the market in 2022?  Q) What will be your biggest initiatives next year (as a training school) when it comes to topics that directly impact used car dealerships? Q) Futures question, what are your thoughts on EV vehicles and their impact on the traditional dealership model? Q) What are your predictions for 2023 for the used car marketplace?Q) Talk about what you are starting to build on the YouTube front? Q) Lastly, is anything exciting you want to announce or plug Dealer 101 related? Listen to our other podcast episodes: Used Car Dealer Podcast | Selly Automotive CRMTranscribe of this podcast: Interview w/ the Dealer 101 Team at Used Car Week (sellyautomotive.com)

In this episode of the Used Car Dealer Podcast, Zach interviews Bob Voltmann, CEO of NIADA. They discuss the big focuses of NIADA for 2023, predictions on the used car marketplace, and the upcoming NABD Super Forum (https://bhphsuperforum.com) November 9th, 2022.Some of the questions asked include:Q) What came out of the NIADA National Policy Conference 2022? Q) What did you learn about what makes Washington move to get new policies in place for organizations like TIA or the NIADA?Q) What is the NABD Super Forum and why should BHPH dealers attend?Q) Any interesting observations specifically on the BHPH market in 2022 from your lens at NIADA?Q) What are NIADA big focuses for 2023?Q) Any predictions for Q4 in terms of the used car marketplace or going into early next year Q1?Q) What sort of impact do you think the rising energy cost has on the automotive ecosystem, especially on the energy side?Q) Anything you want to announce about the NIADA that's upcoming? Listen to our other podcast episodes: https://www.sellyautomotive.com/podcastTranscribe of this podcast - https://blog.sellyautomotive.com/blog/interviewbobvnov2022

In this episode of the Used Car Dealer Podcast, Zach interviews Melinda Zabritski, Senior Director of Automotive Financial Solutions at Experian. They discuss the average loan amount growth, credit union auto finance market share, and her speaking engagement at the upcoming NABD Super Forum.Some of the questions asked include:Q) So, as an ice breaker, Melinda, talk about what brought you into the auto credit space? Q) Discuss the average loan amount growth, and what that means for the industry? Q) What’s happening with the credit union auto finance market share? Q) Are prime consumers opting for used vehicles, and why? Q) Talk about the average loan terms growing, and what that means for the industry? Q) Future’s question, what new trends and changes do you see over the next 5-10 years coming to the auto credit side of the industry? Q) So, what is your speaking engagement at the upcoming NABD Super Forum focused on, and why should BHPH dealers attend this session?Q) Lastly, is there anything exciting you want to announce or plug Experian related? Listen to our other podcast episodes: https://www.sellyautomotive.com/podcastTranscribe of this podcast - https://blog.sellyautomotive.com/blog/interviewmelindazabritski2022State of the Automotive Finance Market Report - https://www.experian.com/automotive/auto-credit-webinar-formExperian Automotive Quarterly Trends Report - https://www.experian.com/automotive/auto-quarterly-trends

In this episode of the Used Car Dealer Podcast, Zach interviews Wendy Rinehart, the executive director of the OIADA (Ohio Independent Auto Dealer Association). They discuss the used car marketplace, the importance of IADAs, the upcoming Ohio convention, and more! Some of the questions asked include: Q) So Wendy, I wanted to start with an ice breaker, you mentioned to me, that you made, two big business mistakes before 18, what were they? Q) So how did you get into the auto business, and eventually to running OIADA? Q) What’s it been like as a female leader in the auto business? Q) Why should a used car dealer join their state IADA? Q) What's unique about the OIADA, and the way you run your independent dealer association? Q) How have you been helping Ohio dealers through some of the challenges the pandemic has brought on? Q) 2022 has been another roller coaster of a year for the auto industry, talk to me about what you observed from your lens at the OIADA?Q) What are your thoughts on online dealers like Carvana or Vroom and their model; there’s been a lot of market pressure recently on these public companies? Q) Futures question, what are your thoughts on digital retail, and its role with used car dealerships?Q) What's all the interesting things coming down the pipeline for OIADA?Q) Lastly, anything exciting you want to announce or mention about the upcoming show this October?Listen to our other podcast episodes: https://www.sellyautomotive.com/podcastTranscribe of this podcast - https://blog.sellyautomotive.com/blog/interview-w/-wendy-rinehart-of-oiada

In this episode of the Used Car Dealer Podcast, Zach interviews Bob Voltmann, the CEO of NIADA, the largest national used car association in the United States. They discuss the used car marketplace, NIADA updates in Washington, the most recent convention, and more! Some of the questions asked include: Q) So let’s get started and for those of us listening talk about what your first year and a half as CEO of NIADA have been like, what have you learned? Q) Follow Up - Any learnings from the TIA (Transportation Intermediaries Association) you have implemented with NIADA? Q) 2022 has been another roller coaster of a year for the auto industry, talk to me about what you observed from your lens at the NIADA?Q) What are your biggest initiatives this year (as an association) when it comes to issues that directly impact used car dealerships? Q) What are your thoughts on online dealers like Carvana or Vroom and their model; there’s been a lot of market pressure recently on these companies? Q) Futures question, what are your thoughts on digital retail, and its role with used car dealerships?Q) What are your predictions for the rest of 2022 and what’s coming down the pipeline for the used car industry? Q) Lastly, anything exciting you want to announce or mention about the NIADA (ex BHPH event later this year)?Listen to our other podcast episodes: https://www.sellyautomotive.com/podcastTranscribe of this podcast - https://blog.sellyautomotive.com/blog/2022-interview-w/-bob-voltmann-ceo-of-the-niada

In this episode of the Used Car Dealer Podcast, Zach interviews Bob Hollenshead, the CEO & Founder of Accu-Trade, one of the largest used car wholesalers in the United States, and a serial entrepreneur. Zach and Bob discuss the current used car market wholesale conditions, Carvana, and the future outlook of the used car marketplace. Some of the questions asked include: 1) So, Bob, we still have a supply chain challenge this year, what has been your view of this 2022 used car marketplace thus far and where are we headed? 2) During the pandemic many dealers started leveraging online wholesale platforms, do you see dealers starting to come back to physical auctions as mask + early COVID restrictions are gone? What are your thoughts longer term on online versus being physically at an auction lane?  3) What are your thoughts on Carvana acquiring the physical auction assets of Adessa from KAR? What’s this mean for used car dealers? 4) If you are a small to mid-size used car dealer listening to this podcast, what advice would you give them in terms of how they should think about buying and holding used inventory right now? 5) One of the popular features of a Vroom or a Carvana website/digital retail experience is the, ”sell us your car” feature where you enter a VIN or DL plate number and they give you an instant cash offer. When we last spoke you told me you invented this concept at a previous company (Buybook). Talk about the importance of having this on your dealer website as many used car dealers do not? How has this technology evolved over the past couple years?Listen to our other podcast episodes: https://www.sellyautomotive.com/podcastTranscribe of this podcast - https://blog.sellyautomotive.com/blog/interview-with-bob-hollenshead-on-wholesale-market-carvana-acquisition-of-adesa-and-more

In this episode, Zach Klempf interviews Chip Perry, CEO of A2Z Sync (Former CEO of Autotrader & TrueCar) on: the "One Person Sales Model': current used car market conditions; and what excited Chip to join A2Z Sync. Some of the questions asked include: Q) Major news outlets have been covering the high inventory prices, inventory shortage, rising price of gasoline, rental cars at an all time high, what has been your view of these economic challenges for dealers from your lens?Q) In several of the recent speaking engagements/podcasts you’ve done, I’ve heard you talk about the one-person sales model, why does this make sense for the modern car buying experience?Q) So with your product, you have basically combined all the F&I technology, credit functionality, of several platforms into a single tool, talk to me about the process of developing A2Z Sync and working with early dealership customers?Q) What advice would you give to a smaller dealer operator in this tough market with fierce competition like Carmax, Carvana, and larger groups?Q) What are your predictions for the used car marketplace for the rest of 2022?Case Studies from A2Z Sync - https://a2zsync.com/case-studies/case-studies/Listen to our other podcast episodes: https://www.sellyautomotive.com/podcastTranscribe of this podcast - https://blog.sellyautomotive.com/blog/chip-perry-ceo-of-a2zsync