Car Pro Radio Show February 28 26 Hour 1
About this episode
Jerry Reynolds and Todd Chambliss celebrate 24 years of The CarPro Show while discussing end-of-month car buying advantages, including better pricing and dealer incentives. They highlight how dealers and lenders push for volume at month-end, making it a great time to negotiate. A caller raises concerns about car data tracking and privacy, prompting Jerry to explain how automakers collect and sell driver data, and how consumers can limit it by carefully navigating vehicle consent screens. Jerry also offers practical car-buying advice tailored to budget and retirement plans, recommending models like the Toyota Corolla and Mazda 3.
Car Pro Radio Show February 28 26 Hour 1
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trade-in values
"trade in values go up, even the lenders are more lenient at the end of the month."
Trade-in values are how much money a car dealer will give you for your old car when you want to buy a new one. Sometimes, the dealer will pay more for your car to make it easier for you to get a new one.
Trade-in values refer to the amount of money a dealer offers you for your current vehicle when you trade it in towards the purchase of another car. These values can fluctuate based on market demand, timing, and dealer incentives.
dealership objectives
"So yeah, they are, they've got numbers to hit too. I mean, the whole auto industry is, is based on objectives. Did you get the dealers get an objective from the factory?"
Dealership objectives are goals that car dealers try to reach, like selling a certain number of cars each month. When dealers want to meet these goals, they might offer better prices or deals to customers.
Dealership objectives are sales targets or goals set by manufacturers or corporate offices that dealers aim to meet within a specific timeframe. These objectives influence dealer behavior, such as offering better deals or being more flexible with financing.
data tracking
"But I've been reading a lot of information about, there's a lot of cars that do data tracking, and they gather this data on, data on you, and then they sell it."
Some cars collect information about how you drive and use the car. This info can sometimes be shared or sold to other companies.
Data tracking in cars refers to the collection of information about vehicle usage, driver behavior, and other metrics through onboard systems. This data can be used by manufacturers or third parties for various purposes, including improving services or targeted advertising.
car spying
""about is your car spying on you? And as I got deeper into it and was writing it, I learned more and more and more about it. They're all doing it and they're selling the information.""
Some cars can secretly collect information about where you go and how you drive, then send that information to the car company or others. This is called car spying.
Car spying refers to the practice where modern vehicles collect data about their usage, location, and driver behavior, often transmitting this information to manufacturers or third parties. This data can be used for various purposes including improving services, targeted advertising, or even sold to other companies.
LexisNexis
"And it's all reported to a company called Lexus Nexus, which has been around forever."
LexisNexis is a company that gathers lots of information and shares it with car companies so they can learn about things without doing all the work themselves.
LexisNexis is a company that collects and aggregates data from various sources, including automotive information, to provide reports and insights to businesses such as car manufacturers.
Meekham auction
""And this particular one is going on the block in March at the Meekham auction in Glendale,""
It's a place where people sell cars and car stuff by bidding, like a big car sale event.
An auction event where cars and automotive memorabilia are sold, often attracting enthusiasts and collectors.
invasion of privacy
"he alleges and is actually able to prove that the data that they collected from him in his words were an invasion of privacy."
Invasion of privacy means someone is getting your personal information without your permission, which can be against the law.
Invasion of privacy refers to the unauthorized collection or use of personal data, which can be a legal issue especially when data is collected from vehicles without clear consent.
arbitration
"the judge ruled that they, that the lawsuit could not go forward, that he had to arbitrate with them because when he clicked I accept, he accepted those terms."
Arbitration is a way to solve problems without going to court, where a neutral person helps decide who is right.
Arbitration is a legal process where disputes are resolved outside of court by a neutral third party, often used in contracts to avoid lawsuits.
Honda Fit
"It might have to be sedan. I have a Honda fit right now and I have 10,000 or 60,000 miles on it..."
The Honda Fit EV is a small car that runs only on electricity, so it doesn't use gas and doesn't pollute the air. It's good for city driving because it can go a decent distance on a single charge and has a roomy inside for its size. People talk about it when thinking about cars that are better for the environment.
The Honda Fit EV is an all-electric version of the popular Honda Fit subcompact car, offering zero emissions and a practical urban driving range. It was one of the early electric vehicles from Honda, notable for combining the Fit's versatile interior with electric powertrain technology. This car might be discussed in the context of efficient, eco-friendly transportation options.
Toyota Corolla
"I would tell you to look at the Toyota Corolla if you're trying to be price conscious."
The Toyota Corolla is a small car that many people buy because it is cheap to buy and easy to keep running well.
The Toyota Corolla is a compact car known for its reliability, fuel efficiency, and affordability, making it a popular choice for budget-conscious buyers worldwide.
Mazda 3
"At Metro Mazda Mesquite, look at the Mazda 3. Now that car comes in a hatchback or a sedan."
The Mazda 3 is a small car that you can get with either a back door that opens up like a small SUV or a traditional trunk, and it drives nicely.
The Mazda 3 is a compact car available in both hatchback and sedan body styles, praised for its sporty handling, stylish design, and quality interior.
hatchback
"Now that car comes in a hatchback or a sedan. So it just depends on if you want a trunk or if you don't want a trunk."
A hatchback is a type of car where the back door opens up to let you put things inside, like a small door on the back of the car.
A hatchback is a car body style featuring a rear door that swings upward, providing access to the cargo area, often combining passenger and cargo space.
sedan
"Now that car comes in a hatchback or a sedan. So it just depends on if you want a trunk or if you don't want a trunk."
A sedan is a type of car that has a separate back part called a trunk where you can put your stuff, and it usually has four doors.
A sedan is a car body style with a separate enclosed trunk distinct from the passenger compartment, typically with four doors.
Toyota Corolla Cross
"And while you're at Freeman Toyota, look at the Corolla Cross. That's actually, they call it an SUV and it is."
The Toyota Corolla Cross is a small SUV that is made using the same basic parts as the Toyota Corolla car, so it is reliable but looks more like a small SUV.
The Toyota Corolla Cross is a subcompact SUV built on the Toyota Corolla's platform, combining the Corolla's reliability with SUV styling and higher ride height.
car chassis
"It's just it's built on the Corolla chassis, which is fine because Corolla has been a great car for decades."
The chassis is like the frame or skeleton of a car that holds everything together, like the body and the engine.
A car chassis is the structural framework of a vehicle that supports the body and mechanical components, essentially the car's skeleton.
Toyota Tacoma
"I'm using looking for a used car, a Toyota Tacoma. I want it to be fairly new. So I've seen two. So I go on to the websites and I see these vehicles."
The Toyota Tacoma is a type of truck that is good for carrying things and driving on rough roads. Many people like it because it lasts a long time and holds its value well.
The Toyota Tacoma is a midsize pickup truck known for its reliability, off-road capability, and strong resale value. It is popular among buyers looking for a durable and practical truck for both work and recreational use.
OnStar
"It's like on-star. If the vehicle gets stolen, you can go to your phone and locate your vehicle."
OnStar is a service that helps you find your car if it's stolen and can call for help in emergencies. You can use your phone to see where your car is and get help if needed.
OnStar is a subscription-based communications, in-vehicle security, and emergency services feature offered by General Motors. It allows vehicle owners to locate their car remotely, receive emergency assistance, and access other connected services via their phone or the vehicle's system.
EV
"In this week's newsletter, an interesting thing, especially if you were thinking of doing something with your EV, here's a bit of advice that Jerry gives you, probably should do something sooner than later."
An EV is a car that runs on electricity instead of gas, so it uses batteries and electric motors to move.
EV stands for electric vehicle, which is a car powered entirely or primarily by electricity instead of gasoline or diesel fuel.
used EVs
"There's an extended forecast that here's the headline. Your extended forecast, flash flooding of used EVs. Nice weather imagery on that, by the way."
Used EVs are electric cars that someone else owned before you. When buying one, it's important to check the battery and how well it works.
Used EVs are electric vehicles that have been previously owned and are now available on the used car market. Their value and condition can be affected by factors like battery health and market demand.
leasing
"And I hope anybody with an EV was listening the 1000 times I said, if you're going to get an EV, lease it. Yes. And those people are going to be able to just hand them the keys and walk away."
Leasing a car is like renting it for a few years. You pay money every month and then give the car back when you're done.
Leasing a car means you pay to use it for a set period without owning it, often with lower monthly payments than buying. At lease end, you return the car instead of selling it.
Kia Sportage
"Instead I got a Kia Sportage plug-in hybrid this week. Nothing wrong with a Kia Sportage hybrid. No it's a plug-in hybrid."
The Kia Sportage plug-in hybrid is a small SUV that uses both gas and electricity to help it go farther and save fuel. It can drive some distance using only electricity before using gas.
The Kia Sportage plug-in hybrid is a compact SUV that combines a gasoline engine with an electric motor and a rechargeable battery, allowing it to drive on electric power alone for short distances before switching to hybrid mode.
Ford Escape
"I presently have a 2017 Ford Escape with 110,000 miles on it."
The Ford Escape is a small SUV made by Ford. The 2017 version is a popular model that many people use for everyday driving.
The Ford Escape is a compact crossover SUV produced by Ford. The 2017 model is part of the third generation, known for its versatility and available with various powertrains.
electric car movement
"And I think it probably got wrapped up in the electric car movement at one time and they slated it to go away"
The electric car movement means car makers are making more cars that run on electricity instead of gas to help the environment.
The electric car movement refers to the automotive industry's shift towards producing and promoting electric vehicles (EVs) as alternatives to traditional internal combustion engine cars, driven by environmental concerns and regulations.
resale value
"resale value is out the window anyway. So I think it's a really good choice for you"
Resale value is how much money you can get if you sell your car later on. It usually goes down as the car gets older.
Resale value refers to the amount of money a car can be sold for after its initial purchase, often influenced by factors like age, condition, and market demand.
Lexus
"who was looking for a GX550 and went to Park Place Lexus Grapevine."
Lexus is a company that makes fancy cars and SUVs that are comfortable and last a long time.
Lexus is the luxury vehicle division of Toyota, known for producing reliable and well-appointed cars and SUVs with a focus on comfort and technology.
Lexus GX
"So they're so stacked up on GX's people wanting those things all over the country."
The Lexus GX is a fancy SUV that can drive off-road and has lots of nice features inside. It's a bit like a tough truck but more comfortable and stylish.
The Lexus GX is a luxury mid-size SUV known for its off-road capability combined with premium features. It is built on a truck-based platform and shares some components with the Toyota Land Cruiser Prado.
Lexus GX
""He says over the years he has bought from you an accurate TL through you. A Lexus GX460. I had one of those.""
The Lexus GX460 is a fancy SUV that can go off-road and has a comfortable inside. It has a strong engine and is good for both city and rough roads.
The Lexus GX460 is a luxury midsize SUV known for its off-road capability and refined interior. It is built on a truck-based platform and offers a V8 engine, combining luxury with ruggedness.
Ford Expedition
""A BMW X5, a Ford truck, a Ford Expedition,""
The Ford Expedition is a big SUV that can carry lots of people and stuff. It can pull heavy trailers and is good for families or work.
The Ford Expedition is a full-size SUV known for its spacious interior, strong towing capability, and family-friendly features. It is built on a truck chassis and often used for heavy-duty tasks.
BMW X5
""A BMW X5, a Ford truck, a Ford Expedition,""
The BMW X5 is a fancy SUV that drives well and is comfortable for passengers. It comes with different engine choices and is good for everyday use.
The BMW X5 is a luxury midsize SUV that combines sporty driving dynamics with utility and comfort. It is one of BMW's most popular models and offers various engine options including turbocharged inline-sixes and V8s.
Toyota Sequoia
"a Toyota Sequoia, a 25-4 rudder, and now the GX550."
The Toyota Sequoia is a big SUV that can carry lots of people and stuff. It has a strong engine and can drive off-road, making it good for families and adventures.
The Toyota Sequoia is a full-size SUV known for its spacious interior, strong V8 engine options, and off-road capability. It is a popular choice for families needing a large, reliable vehicle.
Kia Telluride
"That's Patterson store for a brand new Telluride."
The Kia Telluride is a medium-sized SUV that is roomy and looks nice. Many people like it because it is a good deal for what you get.
The Kia Telluride is a midsize SUV praised for its spacious interior, upscale design, and value for money. It has become popular for families and daily driving.
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