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01:37
It's noon here in Ventner City, New Jersey
01:39
in our nation's capital, Washington, D.C.
01:44
And this is Car Edge Live for Wednesday, September 3rd
01:48
with your hosts, me, Ray, in Ventner City, New Jersey
01:55
Well, he's still in Washington, D.C.,
01:58
at least until he gets on a train later today
02:00
to head to the big city, a city so nice
02:03
they named it twice, New York, New York, ladies
02:06
and gentlemen, how are you today, Zach?
02:09
I'm really excited to be here, Dad.
02:11
Wednesday, September 3rd.
02:12
Thank you everyone for tuning in
02:13
and spending some of your day with me and my dad
02:16
with Car Edge Live.
02:18
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02:47
Dad, the story I wanted to cover this morning
02:48
are price increases for new vehicles
02:51
even though customers are out there saying,
02:53
eh, I don't think we can afford these things.
02:56
That being said, we did get August sales data
02:58
and it is surprisingly robust.
03:00
So we're going to start here, Dad.
03:01
First things first, Subaru.
03:03
Been raising prices like crazy.
03:05
2026 Subaru Forester Wilderness price increase
03:11
Nissan's also increasing the price of the kicks.
03:14
Lincoln Navigator, however, Dad,
03:15
year-over-year getting a price decline.
03:18
The Dodge Charger EV getting a price increase as well.
03:22
The Daytona getting a price decrease.
03:24
So you've got a little bit of a mix here,
03:25
although if I go to page two,
03:27
Audi has increased pricing of their vehicles.
03:29
Chevy increased in the pricing of their Equinox EV.
03:32
There are many, many, many vehicles, Dad.
03:34
Obviously the Toyota vehicles,
03:36
like we've covered in the past,
03:37
not going up that much.
03:38
Many vehicles in the new 26 model year
03:41
seeing their prices go up significantly,
03:43
even though customers, at least the folks we talk to,
03:45
say they can't afford it.
03:47
What's going on here?
03:47
How are they doing these price increases?
03:49
But people say they can't afford them,
03:51
but sales are actually up.
03:52
It doesn't make sense.
03:54
It does if you realize
03:55
who they're trying to sell cars to.
03:59
You have heard me say this before
04:00
and I will say it yet again.
04:02
There is a huge chasm between the haves and the have-nots
04:06
and your automobile manufacturers today
04:09
are only concerned with the haves
04:11
and they could care less about the have-nots.
04:15
What's available for the have-nots
04:17
will be Robo Taxis in major metropolitan areas,
04:21
Uber and Lyft, and otherwise,
04:25
the well-heeled customers that are out there
04:27
that are still buying cars
04:29
and helping to grow the automotive market
04:32
will just continue to do that.
04:34
They will continue to buy and shop
04:37
as if there is nothing wrong
04:40
when obviously the vast majority,
04:43
say 83 to 85% of the population
04:46
feels like they can't participate.
04:48
It is, it is a divided country in many, many ways,
04:53
but financially when it comes to automobiles,
04:57
these manufacturers are only concerned with those who have
05:00
and could care less about those who have not.
05:03
We're just starting to get the August data, Dad,
05:05
for sales that happened last month
05:07
and it is interesting to see here.
05:08
Ford sales are up, Hyundai Genesis sales are up,
05:12
Kia sales were up, Mazda sales were up actually,
05:15
or excuse me, these sales are up
05:17
for the first eight months of the year,
05:18
but when we look on the month of Mazda sales
05:20
were actually down year over year for the month of May,
05:22
but for the most part, Dad,
05:23
it's actually a very rosy picture,
05:24
especially when you look at this year compared to last.
05:27
Like these automakers for the year
05:29
are selling more cars on average.
05:32
These three reporting automakers
05:33
are up 7.7% in terms of sales year over year
05:37
for the first eight months of this year.
05:39
So it's hard for me to reconcile what you're saying,
05:41
which is like, sure, there's the haves and the have nots,
05:44
the haves can afford to buy and lease cars,
05:46
the have nots are driving around
05:48
and there's robo taxis, ubers and lifts.
05:50
These automakers have all for the most part
05:53
Again, I just referenced some of the upcoming price increases
05:56
with the new model year changeover,
05:58
yet their sales are still going up.
05:59
We've been saying this forever
06:01
that we would expect sales to go down.
06:02
And yes, when you do look just at August,
06:04
Mazda sales were down 7.6% year over year,
06:06
but still for the whole year, they're up 3.5%.
06:09
So it's hard for me to reconcile
06:11
what you and I have been talking about for so long,
06:13
which is eventually the well runs dry.
06:15
There's not enough well-healed customers
06:17
to sustain this industry,
06:19
but the automakers just keep proving us wrong.
06:22
Well, that's because there's enough people
06:26
in the 15% of the population
06:28
that can afford to buy a new car
06:31
that 15% of the population is large enough
06:35
to sustain the industry.
06:38
The key words that you said before
06:40
is that many of these manufacturers have gone up market.
06:45
One of the things we talked about yesterday with Mazda,
06:48
where they have intentionally increased the vehicles
06:54
for sale in the range of the CX-50, CX-70 and CX-90,
06:59
because well, those have greater profit margins
07:02
for both the dealer and Mazda manufacturing.
07:06
And well, they need those profit margins
07:09
to help offset added costs that they have incurred today.
07:13
So what seems to be hard to reconcile isn't in my mind.
07:20
I think if you did a man on the street interview,
07:24
you would find that many, many, many, many people
07:28
are very content either with the car that they already have
07:34
or with utilizing public transportation
07:36
or other forms of transportation to get around.
07:42
I'm just, that 15% of the population
07:46
is substantial enough to allow the automobile manufacturers
07:54
to expect to sell somewhere in the neighborhood
07:56
16 million new vehicles this year.
08:00
Is that a big deal?
08:01
Won't 16 million new vehicles?
08:04
Well, yeah, they sold about,
08:05
well, 16 million new vehicles the year before.
08:08
And well, the year before, I mean, the number of sales
08:13
is relatively stagnant over the last 50 years.
08:17
The population has not remained stagnant
08:21
over the last 50 years.
08:23
So all that indicates to me
08:26
is that the manufacturers understand
08:29
there's only a small percentage of the population
08:32
that can actually afford to buy their new cars.
08:35
And they are just catering to them.
08:38
And those who can't, those who find it more difficult,
08:42
they're gonna have to do something other
08:45
than buy a new car.
08:46
And so when you go back that 50 years
08:49
and you see what was being sold new car-wise
08:53
50 years ago and what's being sold new car-wise this year,
08:57
it is evident to me.
08:59
Just, you know, it's as plain as day
09:04
that what manufacturers consider to be well-healed customers
09:09
and well-healed customers to manufacturers
09:11
might be $100,000 and above income levels.
09:16
That's enough, that's enough.
09:20
Now we are seeing, dad, relatively high incentives,
09:23
although they're actually down a little bit month over month,
09:26
but up just to touch $38 year over year.
09:29
So manufacturers are maybe feeling a little bit of pressure.
09:32
That's a bit of a stretch.
09:33
Incentives average $3,105 in August,
09:37
down $7 from July, up $38 year over year.
09:40
So like that's another thing I look at here
09:43
to maybe, you know, counterbalance what you're saying,
09:45
which is, okay, they're only trying to accommodate
09:47
those that make six figures or more.
09:49
But when we see incentives go up, that's usually, you know,
09:52
because the vehicles aren't selling,
09:53
they have to lower the prices.
09:55
But we used to see incentives significantly higher
09:57
than this, way over $3,000, $4,000, $5,000, $6,000.
10:01
So unfortunately it's like flat,
10:04
which is better than down, but it's not up,
10:06
which is what we would need to see.
10:08
That would really indicate, okay,
10:09
there's some weakness in the market,
10:10
manufacturers are having to step up.
10:12
They are on EVs, which is a totally different story,
10:15
but when it comes to overall,
10:17
incentives are kind of flat, unfortunately.
10:20
I think incentives are kind of flat.
10:22
Sales so far in the June, July, August timeframe
10:29
are down somewhat compared to the first quarter of the year
10:32
or the second quarter of the year.
10:35
But they are not as down as what many pundits
10:40
had predicted it would be.
10:43
I just think that that speaks volumes
10:49
about those who can and those who can seem to.
10:54
Regardless of the payments being
10:58
the average new car payment today
11:00
being $750 a month, regardless of the fact
11:05
that almost 20% of all new loans for new vehicles today
11:11
are for 84 months or more,
11:14
regardless of those factors,
11:18
forgetting the fact that insurance
11:20
has gone up dramatically, maintenance has gone up.
11:26
Regardless of all that, the people who have money
11:30
feels if they can still participate.
11:33
The people that have less money
11:35
are struggling to participate.
11:38
It has never been more evident to me
11:44
that they're basically two Americas,
11:47
one who can afford to buy goods and services
11:51
and the other who struggles to buy goods and services.
11:56
And that's exacerbated here in the auto industry
11:59
when you're talking about the average transaction price
12:01
of new cars close to 50 grand
12:02
and average transaction price for used cars
12:04
north of $25,000 both have gone up significantly
12:07
over the past few years.
12:09
Yes, so it is just,
12:12
it's a microcosm of what this country has become.
12:19
And for those of us, and I will include myself
12:23
as part of those of us who can afford these things,
12:29
it's, you know, for us, it's okay.
12:33
So things are a little more expensive
12:35
but we can still afford things.
12:37
For most of the people in this country, it is,
12:41
my God, things are more expensive.
12:43
We don't know how we're gonna be able
12:44
to put enough food on the table
12:46
or be able to pay the rent to keep a roof over our heads.
12:51
It is really two Americas.
12:56
And, you know, it's unfortunate
13:01
but I feel okay because I'm in that part of America
13:05
that's surviving nicely at the moment.
13:08
Evidently, Pops, you've got your lease
13:10
but you obviously chose a Mazda CX-30.
13:12
You're leasing it, it's under $350 a month
13:15
that you're spending.
13:16
$374, it's under $400.
13:18
Yeah, I mean people say, well, how can you get it?
13:21
It was pretty easy, you know, to get a vehicle
13:24
under $400 a month because I didn't need to be
13:30
to have the biggest, most extravagant,
13:33
most luxurious vehicle out there.
13:37
You know, I got what I needed.
13:40
You know how I joke and I say,
13:43
my Mazda CX-30 is basically like a Nissan XTERRA
13:48
in the sense that it's got everything I need
13:51
and nothing I don't.
13:52
And for those of you old enough
13:53
to remember the Nissan XTERRA,
13:56
their tagline was, it's got everything you need,
14:00
And you know, sometimes in life,
14:04
you should just be willing to get by with what you need
14:07
and not what you don't.
14:08
I hear you loud and clear
14:09
and the fact that we see automakers continue
14:11
to increase their prices, their MSRPs,
14:14
I think we'll just continue
14:15
to put more pressure on this market.
14:16
And eventually, who knows, I've been saying this
14:19
for years, maybe I'm wrong, maybe we're wrong.
14:22
Be thrilled, it would be humbled if we're wrong.
14:26
That being said, eventually you're going to ostracize
14:28
so many people that want to buy vehicles from you
14:30
that eventually you're going to need to cater to them again.
14:34
You would expect we would see that, but it hasn't happened.
14:36
You would think and you know,
14:41
do I like admitting that we've been wrong?
14:44
Absolutely, I hate to admit that,
14:45
but it's obvious at this point in time,
14:49
after the last four or five years
14:53
that as difficult as it has been
14:56
for the vast majority of Americans,
14:59
the manufacturers have honed in
15:02
on the people who can do things
15:05
and they are content to just sell cars to those people.
15:10
Now, at some point in the future,
15:13
could we be proven right?
15:15
I don't know, maybe I'll be alive at that time.
15:20
So it's just, it would seem it stands
15:26
the reason that something has to change, saying that,
15:29
and then, but they've proven over the last four or five years,
15:33
it don't, and that's not correct English
15:37
and I apologize for that, but you know,
15:39
it's obvious that it doesn't seem to have to change.
15:42
Yeah, let's jump to the chat, Dad.
15:45
We've had some really thoughtful contributions
15:46
coming from Mark, thank you.
15:49
As of September 2025, Tesla Q2 sales deliveries,
15:52
384,122 vehicles, production 410,244 vehicles,
15:58
inventory low and depleting Model Y L sold out
16:02
for September long range, maybe sold out for September.
16:05
I feel like Tesla has done really well
16:06
with some of their vehicles and really poorly obviously
16:09
with like the Cybertruck drones.
16:10
The Cybertruck, yeah, the Cybertruck did not turn out
16:13
to be the vehicle that they thought it was going to be
16:18
as far as sales volume.
16:21
But has Tesla done a good job of creating a market
16:26
for their other vehicles?
16:29
They have, you know, when you consider the fact
16:31
that sedans are a dying breed in this country,
16:36
and well, you know, I'm pretty sure a lot
16:39
of those Teslas are sedans.
16:43
So apparently there is a market if you're marketing them
16:49
correctly if you've created an interest in them.
16:53
So, yeah, give Tesla their flowers for, you know,
16:59
trying to maintain their space in the market.
17:04
You know, obviously their percentages are down
17:10
as far as the percentage of the market that they own.
17:13
That's declined dramatically,
17:15
but that's because there's so many more players
17:19
Yeah, let's come here from Andrew.
17:20
Thank you, Andrew, for the kind contribution.
17:22
One of the complaints, excuse me,
17:24
I hear from the truck community
17:25
as trucks now are only luxury trims, high cost.
17:29
Nothing wrong with a luxury trim,
17:30
but give us a base trim for strictly work vehicles
17:33
This is another thing that we've seen the automakers
17:35
do, so not only do we have MSRPs going up model year
17:39
over model year, we also have
17:40
what we've called trim flation.
17:42
Just getting rid of the entry level options
17:44
and producing fewer of them.
17:45
We saw this actually to a degree yesterday, Dad,
17:48
It's not only trim flation, it's just model deflation.
17:51
Like they're making, that was the big story yesterday.
17:53
They're producing fewer of their entry level options
17:56
and more of their more expensive vehicles.
17:58
So yeah, I think Andrew's spot on, Dad,
18:00
you want to go out there and buy a new car.
18:01
Good luck finding base level things,
18:04
entry level things within any model
18:06
or maker model category.
18:09
These manufacturers have made the strategic decision
18:11
to only make Platinum's, King Ranch's, you know.
18:14
What was the Ram one, Tungsten, Tungsten trim?
18:18
I, you know, it's, you know, more and more.
18:20
Know what your vehicle needs before it needs it.
18:23
Visit your Cadillac Certified Service Center
18:25
and ask for a multi-point vehicle inspection.
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Plus, with the winter ready service event,
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18:39
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18:45
Multi-point vehicle inspections vary
18:47
by participating dealer.
18:50
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18:53
you know having a trusted partner
18:55
makes all the difference.
18:57
That's why hands down you count on Granger
18:59
for auto reordering.
19:01
With on time restocks, your team will have
19:03
the cut resistant gloves they need
19:05
at the start of their shift.
19:06
And you can end your day knowing
19:08
they've got safety well in hand.
19:11
Call 1-800-GRANGER, click Granger.com
19:15
Granger for the ones who get it done.
19:20
When you look at some of the Cadillacs
19:23
and the Yukon's and all the big ASSUVs,
19:29
and you look at the price points, okay?
19:32
And the price points are like $80,000 and above
19:39
Okay, that shows you right there
19:41
that they are just catering to that one group
19:46
And it's that one group that can afford
19:50
those luxury trucks and those luxury SUVs.
19:54
And they are uninterested in buying
19:57
any of those vehicles if they are not fully equipped
20:01
and the ultimate in luxury.
20:05
So it just reinforces what we said earlier
20:10
in the program that the manufacturers have realized
20:13
who their buyers are.
20:15
And they are catering to the buyers.
20:19
We know when you look at sales stats,
20:23
we know that the lower priced, less well-equipped vehicles
20:29
sell slower than the higher priced, higher equipped vehicles.
20:38
So I know from when I was still in retail automotive
20:43
that you didn't carry a lot of the entry level vehicles.
20:49
And when you did, oftentimes they sat
20:53
because people always seem to want more
20:56
than what it is they really need.
20:59
One of the things that they taught us early in selling.
21:06
And I would recommend this to customers out there.
21:10
One of the things that was taught to salespeople
21:13
was always start a customer on the least expensive
21:19
vehicle you have and let them say,
21:23
no, I need more equipment and they will walk themselves up
21:28
to the more expensive models
21:30
because they don't wanna do without.
21:33
And what they're gonna do without are things
21:35
that they probably aren't gonna utilize anyway.
21:39
And I would suggest for a customer out there
21:44
that that's how you should start.
21:46
Start at the lowest possible end of the spectrum
21:50
and say, yeah, I think I can get by with,
21:54
you know, a modest amount of accessories in the vehicle.
22:00
But most Americans we want more than we need.
22:06
And for whatever reason, maybe it's to impress
22:10
our neighbors, I don't know.
22:12
But for whatever reason, we are willing to spend more
22:17
for things that we don't really need
22:19
because, well, it speaks volumes about us and who we are.
22:24
A little bit of a live experiment
22:25
that I'm over here on the Car Edge Car Search.
22:27
And what I wanna show everyone is
22:28
when you actually use the Car Edge Car Search,
22:31
there's this little blurb that pops up at the top.
22:34
And I wanna read this really quickly.
22:36
In 2025, it's more important than ever before
22:38
to keep up with car price trends as the market changes.
22:41
In Scottsdale, Arizona, the average used car sells
22:43
for $33,355 while the average new car sells
22:53
And I'm just looking now, I put in Hyundai new,
22:56
$55,900 MSRP on an IONIQ 5.
23:00
It's the limited trim.
23:01
Next to though, so here's a good moment,
23:03
an SCL trim Hyundai Elantra with a $25,000 MSRP,
23:07
let's keep scrolling down, $51,048,000, $55,900,
23:12
$74 freaking $1,000 for a Hyundai, Dad.
23:17
There is something wrong in the world
23:20
when there's a $74,000 Hyundai.
23:25
I'm sorry, there just is.
23:29
You shouldn't be able to have Hyundai
23:32
and $74,000 in the same sentence.
23:36
You just shouldn't, in my opinion.
23:40
This to be clear is also not scripted, like this is live.
23:43
I just put in my old zip code
23:44
where I grew up, 85254.
23:46
Let's keep scrolling down here, $58,000, $43,000, $56,000,
23:50
$33,000, so here we go.
23:51
We've got a Tucson at the SCL trim
23:53
and I added $6,000, $47,000, $57,000.
23:56
I mean, $68,000 for a Hyundai.
23:59
This is folks, I mean, here we go finally,
24:02
bottom of the page of two venues under $25,000, $26,000.
24:06
This is just an example, just put in Hyundai, let's do,
24:08
I don't know, you wanna go somewhere else
24:10
in the country, Dad, where you wanna go?
24:11
Well, you know, Scottsdale's obviously pretty well-heeled
24:16
and so apparently the prices of cars are,
24:25
Go to a place like Tucson, Arizona,
24:29
which realistically is not quite as wealthy an area
24:36
as say Scottsdale might be.
24:39
All right, so give me a second, I just chose,
24:41
I got Veil, Veil, Arizona, Dad, down there near Tucson,
24:44
but look at this, the average vehicle transaction prices
24:46
are similar, but let's scroll down, here we go.
24:50
$25,000, $24,000, $25,000, $24,000, $25,000.
24:54
Yay, yay, this is what I would expect to see.
24:58
And then obviously a couple here in the 40s and 50s,
25:00
but this is more what I would expect to see, Dad,
25:02
when I search for a Hyundai.
25:04
Now do, I don't know, where do you wanna go?
25:09
Do you wanna go to the middle of the country, Dallas, Texas?
25:12
Sure, let's go to Dallas, give me one second.
25:15
Let me get a zip code here.
25:17
You get a zip code, I'll have a zip.
25:20
You get a zip, I'll get a zip.
25:23
All right, Copel, Texas.
25:25
I think that's pretty close to Dallas, let's see.
25:27
I'll take your word for it.
25:28
One second, we can all double check together.
25:31
Come join me over on Google Maps, Copel.
25:34
Yeah, man, it's just a suburb of Dallas.
25:36
There's Dallas, there's Copel.
25:38
That's quite a ways from, but that's okay, you.
25:41
Okay, you wanna get closer to Dallas, we'll get closer.
25:43
Yeah, let's get closer to Dallas.
25:45
All right, how about Highland Park, this area?
25:47
Oh yeah, Highland Park.
25:49
I need a zip code, folks, I need a zip code.
25:53
What's the zip code of Highland Park, Texas?
25:54
Highland Park, zip code, bear with me.
25:58
Okay, here we go, ready?
26:01
Come back over here.
26:03
There we go, now we're in Dallas, Texas.
26:05
Let's just start with these stats up here at the top.
26:07
The average used car in Dallas, Texas right now
26:10
is selling for $34,861.
26:14
The average new car in Dallas, Texas right now,
26:16
which must be inflated by truck prices, must be $64,915.
26:21
There's a 153 days supply of new cars
26:25
and a 174 days supply of used cars
26:28
in Dallas, Texas right now, let's scroll down.
26:31
Santa Fe calligraphy, this is gonna be your highest trim level.
26:34
XRT, not one of your lowest trim levels.
26:37
Price points, Dad, for Hyundai here,
26:39
seeming fairly reasonable.
26:40
I haven't seen anything of this range yet.
26:43
The fact that new vehicle average transaction prices
26:48
for both new and used are higher in the Dallas area
26:50
than Scottsdale is pretty impressive.
26:53
Here's what I wanna do though,
26:54
I wanna go to Ford really quickly
26:55
and I anticipate seeing a lot of expensive pickup trucks,
26:58
$60,000 expensive, $47,000 not that expensive,
27:01
$32,000 for an escape,
27:03
that's a great price, Maverick at under 40.
27:05
I mean, Dad, these prices actually
27:07
are fairly surprising to me,
27:08
I would anticipate seeing higher, if I'm being honest.
27:12
Yeah, and you know what you might find there,
27:15
that those lower priced ones
27:17
don't sell as quickly as the much higher priced ones.
27:20
That's the dichotomy of all this,
27:21
that's the challenge of all this
27:23
is like the higher priced stuff
27:24
is actually flying off the shelves.
27:27
Justifying the behavior of the automakers
27:28
to the point we started the show on,
27:30
which is the raising prices for the new model year
27:33
and then the cheaper stuff, the less equipped stuff,
27:35
even though people are asking for it,
27:37
they're not buying it.
27:37
So it's just confounding, man, absolutely confounding.
27:41
It is, it is something that for the life of me,
27:46
I don't understand and I think I prove that
27:50
to the listening public on a daily basis.
27:53
Let's come here down from Bruce.
27:56
I just wrapped up negotiating out the door price
27:58
on Toyota Tacoma Limited at $52,000,
28:01
which is basically the invoice price.
28:03
Thanks so much for all your advice and training.
28:06
Absolutely love that, Bruce.
28:07
Thank you so much for sharing that.
28:09
Friendly reminder folks that back on the caredge.com website,
28:12
when you are using the car search
28:14
if you have car edge insights,
28:15
you can actually get the invoice price
28:17
for any new vehicle.
28:18
So you can see here this 2025 Ford F-150 XLT
28:22
as an MSRP of $60,035
28:25
and an invoice price of $56,132.
28:29
The target discount range is the expected dealer discount
28:32
that you should be negotiating for as well.
28:34
You can also get the window sticker, the buyer's guide,
28:36
all that fun stuff.
28:38
Actually, let's just see really quickly, 140 days supply.
28:41
You also get access to that information.
28:42
So really good stuff and congratulations to Bruce.
28:47
Dad, I had one more story I wanted to cover.
28:49
That being said, Rich is getting our attention here
28:52
We appreciate the kind contribution, Rich.
28:55
Pops, I know you sold, I know you know your cars,
28:58
but did you know about this one?
28:59
The 1939 gram shark nose.
29:02
I have nuclear, I'm gonna Google it, but.
29:04
Well, there'd be no reason for you to know
29:08
and I can honestly say there was no reason for me to know.
29:13
And Rich, let me say this.
29:17
I don't really know a lot about cars.
29:19
You know, here I am, I'm a car guy.
29:22
I've owned a lot of cars.
29:23
I've appraised a lot of cars.
29:25
I've driven a lot of cars.
29:27
And for the most part, I hate cars.
29:35
Cars were means to an end for me.
29:38
That's how I made my living.
29:40
But it didn't mean that I, I was so unenamored with cars
29:46
that when there were auto shows,
29:49
nobody would fight more than I would
29:52
not to have to go to one.
29:55
You know, I walked around cars in a showroom every day.
29:59
I didn't need to go to a big convention center
30:02
to walk around more cars on my time off.
30:05
I could care less about most cars.
30:10
What I care about is the pricing of automobiles
30:15
and how to make it easier for people
30:19
to get a reasonable deal when they're trying to buy one
30:24
because the way the system is set up,
30:28
it pretty much means that you ain't gonna get a good deal
30:33
because, well, you don't know what a good deal is
30:35
and you don't know what all the tricks of the trade are
30:40
at the dealerships that they utilize to see to it
30:42
that they maximize their profits
30:45
instead of minimizing them.
30:47
Yeah, so passionate about helping y'all
30:49
but not making the most of it.
30:50
You know, the cars, there is only one car
30:55
that I have ever driven that I was so enamored with
31:01
that I would really overpay if I had enough money
31:05
that I would really overpay for to get.
31:08
And that was the Audi RS6 Avant, I believe it was.
31:14
That was like, just to me,
31:17
the most amazing automobile in the way it rode,
31:20
the way it handled, and just everything about it.
31:24
But for the most part, I really could care less.
31:28
Pops, we talked about it a little bit yesterday,
31:30
some of these automakers who are writing off
31:32
to their decision to have produced electric vehicles
31:35
and now realizing it's not going to work.
31:36
I don't know if you saw this.
31:38
Now, Pulsar takes $739 million hit
31:45
on Dauer Outlook for electric crossover.
31:47
They're writing off the Pulsar 3 crossover.
31:52
And it's going to cost them $739 million
31:56
is what they're writing down here.
31:58
Wow, I did not see that.
32:01
And, you know, is the reason for that
32:05
because sales are somewhat flat for EVs in North America
32:10
or is it because sales for EVs are somewhat flat globally?
32:17
Or that there's just so much competition
32:19
with EVs out there today that it's harder and harder
32:24
for these manufacturers who are building EVs
32:28
to be able to make it a profitable venture.
32:34
I know I read today that EVs are going to be
32:38
I read today were, you know, Acura and Honda,
32:44
they're going to go in more into hybrid vehicles
32:50
as opposed to full battery electric vehicles
32:53
as they put it as a bridge to get us to EVs, you know.
32:59
And personally, I've been trying to help build that bridge
33:04
probably for four or five years now saying,
33:07
I don't think you can take a substantial enough
33:11
of the buyers out there from ICE
33:15
to directly to EV in the numbers that you need
33:21
and that in order to get people acquainted with the idea
33:25
and to become okay with the idea,
33:29
you need to build that bridge.
33:31
And in my mind, that bridge was hybrids
33:34
and plug-in hybrids.
33:37
To get people there.
33:39
And so many of these manufacturers
33:42
are looking at that today and going,
33:44
man, we should have done something along the lines
33:47
that Toyota had been doing
33:49
as opposed to what we had been doing.
33:51
There's also a story this morning, Dad,
33:53
breaking from General Motors,
33:55
their stopping production of the GMC Hummer EV
33:57
in Cadillac Escalade IQ.
34:00
That starts started yesterday.
34:02
Laboration set to restart on October 6th.
34:04
360 workers affected.
34:06
GM says it's a standard move
34:08
to quote align production with demand.
34:11
So there's another example of electric vehicles
34:13
that were being produced
34:14
that are now being paused for at least a month
34:16
from General Motors
34:17
because there's not the demand to sustain it.
34:19
So Polestar, previously Volvo,
34:22
Polestar writing down a $739 million loss
34:25
in General Motors pivoting away
34:26
from producing the Cadillac IQ
34:29
and the Hummer GMC EV.
34:31
So really interesting stuff there
34:33
when it comes to turn in a ship
34:35
that was headed in one direction,
34:36
turned it in another into your point Toyota
34:38
looks like the smartest person in the room
34:39
because they didn't go all in on electric vehicles.
34:41
And that's the one that they did,
34:42
the wheels fell off anyway.
34:43
So it was not the deal.
34:45
God, just the wheels on the EVs just fall off.
34:53
Yeah, I mean, that was what,
34:54
that was the recall that they had for the BMW.
34:56
Yeah, the need it was.
34:59
Folks, if we can help you out with anything,
35:00
a friendly reminder, caredge.com.
35:02
Shop new, shop used,
35:04
the tools that I was demonstrating earlier in the show,
35:06
our free research center,
35:07
tracking what your vehicle's worth,
35:09
insurance, warranties, our AI negotiator.
35:11
Folks, there's so much you can do,
35:13
including our car buying services as well.
35:15
Back on caredge.com,
35:17
please check it out,
35:18
continue to share caredge with family, friends
35:20
and everyone in between.
35:22
We appreciate those that support the business
35:24
we've been building for almost six years now,
35:26
it'll be six years in December.
35:29
May I say you sound a little nasally, young man.
35:32
I am a little nasally, a little flammie.
35:34
I don't know what's going on, but I feel good.
35:36
Okay, well, as long as you feel good,
35:38
then maybe the cold that you're getting won't feel as bad
35:42
when it really catches on fully.
35:46
Because it sounds like you're getting a cold.
35:48
I've got to have marathon in 11 days.
35:51
So as long as I'm healthy for that,
35:53
as long as I'm healthy for that.
35:56
I want to run a personal best.
35:57
I'm trying to run in 90 minutes,
35:58
so I need to be care again.
36:02
I don't want to be there for it, but I can't wait.
36:05
I've got a factor coming home the day before.
36:09
We're back tomorrow, folks, with more Car Edge Live.
36:11
Tune in, 12 p.m. Eastern, 9 a.m. Pacific Dad.
36:14
Enjoy the afternoon.
36:15
You know, I see it from New York tomorrow.
36:17
Yeah, I love you as well.
36:18
Have a safe train travels to New York.
36:23
I believe you're taking the Ocella today.
36:26
Yeah, 150, I think, is my train.
36:28
Well, you keep me posted
36:31
as to how the new...
36:33
I'm not on one of the new trains.
36:36
They were so expensive to get on one of the new trains,
36:38
so I just old train.
36:40
Well, yeah, old train's good enough.
36:41
Yeah, no, I get it.
36:43
Hopefully, I'm on one of the new trains.
36:45
We'll find out when I come down to DC next Tuesday.
36:50
All right, Pops, love you.
36:55
This winter, know what your vehicle needs
36:57
before it needs it.
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37:41
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37:43
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37:46
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