Car Pro Radio Show March 7 26 Hour 1
About this episode
Jerry Reynolds and Todd Chambliss dive into the current car market, highlighting strong March incentives and high used car values despite plentiful new inventory. They share insider dealer tactics, especially how bad weather can lead to better deals. Listener calls cover topics like valuing a well-maintained Lexus LS460L and advice on hybrid small SUVs, with Jerry recommending the reliable Toyota RAV4 for its comfort and longevity. The show also features a classic car contest and Jerry's original song honoring American troops.
Car Pro Radio Show March 7 26 Hour 1
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dealer inventory
"So if you put that decision off, spring market, dealers are ready. Dealers got inventory. They got too much inventory actually."
Dealer inventory is the number of cars a car seller has ready to sell. If they have too many, they might lower prices to sell them faster.
Dealer inventory refers to the stock of new and used vehicles that a car dealership has available for sale. Inventory levels can affect pricing and sales strategies.
used car value
"They got too much inventory actually. Use car value still sky high. Watch the auction this week."
Used car value is how much money a used car is worth when you want to buy or sell it. It changes depending on how many cars are available and how many people want to buy them.
Used car value refers to the market price or worth of a pre-owned vehicle, which can fluctuate based on supply, demand, incentives on new cars, and other market factors.
car auction
"Watch the auction this week. I was so surprised. I thought because the incentives were so good on new cars that typically lowers the prices of used cars as dealers at the auction buying inventory are scared that a used car is going to be about the same price as a new car"
A car auction is like a big sale where people bid money to buy cars. Dealers often buy used cars there to sell later.
Car auctions are events where dealers and sometimes the public buy and sell vehicles, often used cars, in a bidding format. Auction prices can influence retail prices and inventory levels at dealerships.
new car incentives
"because the incentives were so good on new cars that typically lowers the prices of used cars as dealers at the auction buying inventory are scared that a used car is going to be about the same price as a new car because the incentives right didn't slow prices down on used cars one bit."
New car incentives are deals or discounts that car makers or sellers offer to make new cars cheaper or easier to buy. These deals can also change how much used cars cost.
New car incentives are discounts, rebates, or special financing offers provided by manufacturers or dealers to encourage the purchase of new vehicles. These incentives can affect the pricing and demand for both new and used cars.
electric cars
"didn't slow prices down on used cars one bit. In fact, even electric cars were up this past week and they've been on the they've been in the cellar for a while."
Electric cars run on batteries and electricity instead of gas. Their prices can go up or down depending on how many people want them and other deals.
Electric cars are vehicles powered entirely or primarily by electric motors using energy stored in batteries, rather than internal combustion engines. Their market prices can be influenced by factors like incentives, demand, and supply.
dealership markup
""Don't let anybody leave without buying a car. Yeah. And that's that's the internal conversation they have.""
Dealership markup is when a car dealer charges more money than the official price for a car, usually to make extra profit.
Dealership markup refers to the additional amount a dealership adds to the manufacturer's suggested retail price (MSRP) of a car, often to increase profit margins especially during high demand.
spiff money
""Yeah. You know, I always had some spiff money. Spiffs were what we handed out cash wise to the people who were there on Saturday and ourselves people when they sold the car,""
Spiff money is extra cash that car salespeople get as a reward when they sell a car. It helps encourage them to work harder.
Spiff money refers to cash bonuses or incentives given to salespeople as a reward for selling cars or meeting sales targets. These are often used by dealerships to motivate their sales staff.
online car buying process
""But I would encourage you to start the deal online. Go through my website, carpro.com. Talk to one of my dealers online or by phone... when you go into the dealership, they have the car pulled up in a drive spot ready for you to drive.""
Buying a car online means you do most of the work on the internet first, like finding the car and talking to the dealer, so when you visit the dealership, everything is ready and faster.
The online car buying process involves starting the purchase online by researching, contacting dealers, and arranging details before visiting the dealership. This can streamline the buying experience and reduce time spent at the dealership.
Lexus LS460L
"Now he tells me that this car he's got in this garage is an LS460L, the deep green Lexus. Oh, wow. And it's been in its garage just whole life to 2009."
The Lexus LS460L is a fancy car that is longer than the regular version, giving more room in the back seat. The 2009 version has a strong engine and lots of nice features for comfort.
The Lexus LS460L is a luxury sedan from Lexus, known for its long wheelbase (denoted by the 'L') which offers more rear passenger space. The 2009 model is part of the fourth generation LS series, featuring a V8 engine and advanced luxury features.
vehicle depreciation
"He's told me that it's only worth about 40,000. So he wants to know if he wants to sell it or if I want the car. I don't want him to get ripped off."
Vehicle depreciation means a car becomes worth less money as it gets older and is used more, even if it is taken care of well.
Vehicle depreciation is the loss of a car's value over time due to factors like age, mileage, and market demand. Even well-maintained cars lose value as they get older.
classic value
"Well, but it has no classic value or anything like that. No, no. And it won't. They were too plentiful."
Classic value means how much a car is worth as a special or collectible car, usually because it is rare or old and people want to keep it.
Classic value refers to the collectible or investment worth of a car, often increasing over time due to rarity, historical significance, or desirability among enthusiasts.
hybrid
"I've been thinking about buying a new car and you've influenced me to go towards the hybrid, which I've never even been in. So I'm going to have to do a test drive."
A hybrid car uses both gas and electricity to help it go farther on less fuel. It can switch between the two to save gas and pollute less.
A hybrid vehicle combines a traditional internal combustion engine with an electric motor to improve fuel efficiency and reduce emissions. The electric motor can assist the engine or power the car at low speeds.
Subaru Crosstrek
"The ones I've kind of narrowed it down in my head are the Tucson hybrid limited, the Subaru Crosstrek and the Toyota RAV4."
The Subaru Crosstrek is a small SUV that comes with all-wheel drive, which helps it drive better on rough roads or in bad weather. It's a good choice if you want a car that can handle different types of roads.
The Subaru Crosstrek is a subcompact crossover SUV known for its standard all-wheel drive, rugged styling, and versatility. It is popular among buyers looking for a small SUV with off-road capability and good fuel economy.
Hyundai Tucson Hybrid Limited
"The ones I've kind of narrowed it down in my head are the Tucson hybrid limited, the Subaru Crosstrek and the Toyota RAV4. ... The Tucson hybrid has been super. The Sportage from Hyundai has been great. But they're all so new that I can't tell you with certainty..."
The Hyundai Tucson Hybrid Limited is a small SUV that uses both gas and electric power to save fuel. The Limited version has extra features that make it more comfortable and nicer to drive.
The Hyundai Tucson Hybrid Limited is a variant of the Tucson compact SUV equipped with a hybrid powertrain that combines a gasoline engine with electric motors for improved fuel efficiency. The Limited trim typically includes more features and options compared to base models.
Chevrolet Equinox
"I only have one request. I've been in a 2018 Chevy Equinox and I like the ride and it's a good ride. And I don't want to be jostled around. I'm too old."
The 2018 Chevrolet Equinox is a small SUV that many people like because it drives smoothly and has plenty of space inside. It comes with different engine choices to suit different needs.
The 2018 Chevrolet Equinox is a compact SUV known for its comfortable ride and spacious interior. It is a popular choice in the segment and offers a range of engine options including turbocharged four-cylinder engines.
Toyota RAV4
"...rid limited, the Subaru Crosstrek and the Toyota RAV4. I only have one request. I've been in a 2018 Che..."
The Toyota RAV4 is a small SUV that lots of people buy because it lasts a long time and doesn’t use too much gas. The hybrid model uses both gas and electricity to help save fuel. It’s safe, comfortable, and good for families or anyone who needs a reliable car.
The Toyota RAV4 is one of the best-selling compact SUVs globally, known for its durability, fuel efficiency, and strong resale value. The hybrid version is especially popular for combining performance with excellent fuel economy. It is often highlighted for its advanced safety features and comfortable interior, making it a top choice in its segment.
Honda Crv
"...AV4. So far, they've been great. The Hondas, the Honda CRV hybrid has been great. The Tucson hybrid has been..."
The Honda CR-V is a small SUV that many people like because it’s easy to drive, has plenty of space, and doesn’t use too much gas. The hybrid version uses both gas and electricity to help save fuel, so it’s good if you want to spend less on gas. It’s a popular car for families and everyday use.
The Honda CR-V is a compact crossover SUV known for its reliability, spacious interior, and fuel efficiency, especially in its hybrid variant. It is often praised for its smooth ride and advanced safety features, making it a popular choice for families and daily commuting. The hybrid model enhances fuel economy without sacrificing performance, which is why it is frequently discussed in the context of efficient SUVs.
Kia Sportage
"...been great. The Tucson hybrid has been super. The Sportage from Hyundai has been great. But they're all so ..."
The Kia Sportage is a small SUV that many people like because it’s comfortable and has nice features like a touchscreen and good music system. It looks good and doesn’t cost too much compared to other cars. Newer models are better and don’t have many problems.
The Kia Sportage is a compact SUV that offers a comfortable ride, modern technology, and good value for money. It is appreciated for its stylish design and user-friendly infotainment system. While it is generally reliable, some older models had minor issues, but recent versions have improved significantly.
electric car battery
"So I'm looking at an electric car. I've got a gas car. And typically I buy usually used cars that are least returned because most of them have their upkeep down the car because the dealership has paid for it. Now, I was called electric car, so because basically you're buying the battery. Does a higher mileage than electric car mean anything or not?"
Electric cars use big batteries to store power instead of gas. How much the car has been driven can affect the battery's condition.
The electric car battery is the main energy storage component in electric vehicles, providing power to the electric motor. Battery health and mileage affect the vehicle's range and value.
electric car lease returns
"we know we've got 300,000 electric cars coming off lease this year. I had a story in my newsletter just two weeks ago, 300,000 electric cars coming on to the market. That's going to drive prices down even further than they already are."
When people finish renting electric cars for a few years, they return them. This means more used electric cars are for sale, which can make prices go down.
Electric car lease returns refer to electric vehicles coming back to the market after lease periods end, increasing used electric vehicle availability and potentially lowering prices.
history report
"The thing that I would pay the most attention to is the history report. I would not want an electric car that had been in an accident."
A history report is like a report card for a car that tells you if it has been in accidents or had problems before. It helps you decide if the car is safe to buy.
A history report provides detailed information about a vehicle's past, including accidents, title status, and maintenance records. It is especially important when buying used cars to assess potential risks.
Chevrolet Silverado
"new $93,000 2025 Silverado and he thought it would be a good idea to go onto Facebook and sell it to the marketplace there."
The Chevrolet Silverado is a big truck used for carrying heavy stuff or towing. The 2025 version is the newest one with modern features.
The Chevrolet Silverado is a full-size pickup truck known for its capability and popularity in the American truck market. The 2025 model refers to the latest generation with updated features and technology.
Honda Ridgeline
"My question is I've had my past two cars have been on the ridgelines. And my first one was 2008. I got 268,000 miles before I traded it in."
The Honda Ridgeline is a smaller truck that feels more like a car to drive. The 2008 one is an older model that many people find reliable.
The Honda Ridgeline is a mid-size pickup truck known for its car-like ride and innovative features. The 2008 model is from the first generation, praised for reliability and comfort.
fuel economy standards
"We don't know yet, Bill. What the president signed into law was some new fuel economy standards. And then specifically, you know, to get rid of the start, stop system because everybody hates it,"
Fuel economy standards are rules that make sure cars use less gas to help the environment. Car makers have to follow these rules when they build cars.
Fuel economy standards are government regulations that set minimum efficiency requirements for vehicles to reduce fuel consumption and emissions. They influence automotive design and technology adoption.
start-stop system
""when you start talking about not including start stop on a car, there's a lot of engineering that has to be done. And they've got all these parts that they want, they don't want to just throw away. So they're going to keep building them for a while. I start my car, I turn off the start stop system, it's in two really quick motions and boom, boom, it's off.""
A start-stop system turns off your car's engine when you stop at a light to save gas, then starts it again when you go. You can turn it off if you don't want it to do that.
The start-stop system automatically shuts off the engine when the vehicle is stopped to save fuel and reduce emissions, then restarts it when the driver releases the brake or engages the clutch. It can usually be turned off manually if the driver prefers.
Toyota Highlander
""Mark who in Houston went to Fred has Toyota world looking for a 2026 Highlander hybrid. He was doing this. He had a 2021 Highlander, but he wanted to go and look at the Highlander for next year is going to be going all electric, he said of course. So he was trying to decide between that and the Palisade, the 2026 Palisade hybrid. So he went to two of your dealerships there and of course he ended up with the Highlander hybrid and Fred has Toyota world.""
The Toyota Highlander Hybrid is a family SUV that uses both gas and electric power to save fuel and help the environment. The 2026 version is a newer model that still uses this hybrid system.
The Toyota Highlander Hybrid is a midsize SUV that combines a gasoline engine with electric motors to improve fuel efficiency and reduce emissions. The 2026 model is expected to continue offering hybrid powertrains, with future versions possibly moving toward full electric.
Hyundai Palisade
""he was trying to decide between that and the Palisade, the 2026 Palisade hybrid. So he went to two of your dealerships there and of course he ended up with the Highlander hybrid and Fred has Toyota world.""
The Hyundai Palisade Hybrid is a big SUV that uses both gas and electric power to save fuel. The 2026 model is a newer version with this technology.
The Hyundai Palisade Hybrid is a large SUV that combines a gasoline engine with electric motors to improve fuel economy and reduce emissions. The 2026 model is a future version that may offer updated hybrid technology.
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