{"version":"1.0.0","episode":{"title":"CarCast+Edmunds - The status of the car market and the rise of negative equity on car loans.","url":"http://getcarcurious.com/episodes/carcast-edmunds-the-status-of-the-car-market-and-the-rise-of-negative-equity-on-car-loans","audioUrl":"https://pdrl.fm/b6740f/pscrb.fm/rss/p/mgln.ai/e/1385/injector.simplecastaudio.com/f087831d-3f1f-401d-a940-d781bc925bb0/episodes/8281e049-f164-4ac5-bd61-c1991c044c62/audio/128/default.mp3?aid=rss_feed&awCollectionId=f087831d-3f1f-401d-a940-d781bc925bb0&awEpisodeId=8281e049-f164-4ac5-bd61-c1991c044c62&feed=SBbml57i","description":"Follow @motorator\nFollow @weaveroncars\nFollow @edmunds\nPresented by Bravago Beverages Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising."},"annotations":[{"startTime":175.5,"endTime":184.8,"type":"car","title":"Jaguar Type 00","image":"https://upload.wikimedia.org/wikipedia/commons/1/1a/1953_Jaguar_C-Type_Chassis_XKC051.jpg","quote":"...what we figured out a couple of weeks ago was that Alistair's in line for a Jaguar Type 00. That long nose, very interesting. It's got him enamored. I like it.","canonicalId":"car:jaguar-type-00","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Jaguar Type 00 is a concept car that showcases Jaguar's design and engineering capabilities. It features a long nose design that has captivated many enthusiasts.","simplifiedExplanation":"The Jaguar Type 00 is a special car from Jaguar with a unique long nose design. It's a concept car, which means it's not a regular model you can buy, and it's quite expensive, around $150,000.","imageAttribution":"Calreyn88 (CC BY-SA 4.0)"}},{"startTime":175.54,"endTime":184.66,"type":"car","title":"Jaguar Type","image":"https://upload.wikimedia.org/wikipedia/commons/e/e5/1956JaguarD-TypeLongNose.jpg","quote":"...e of weeks ago was that Alistair's in line  for a Jaguar Type 00. That long nose, very interesting. It's got hi...","canonicalId":"car:jaguar-type","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Jaguar is a luxury car brand known for its stylish design and high-performance vehicles. The brand has a rich heritage and is often discussed for its blend of elegance and sportiness, appealing to those who appreciate luxury and performance.","simplifiedExplanation":"Jaguar is a fancy car brand that makes beautiful and fast cars. People often talk about Jaguars because they are seen as luxurious and fun to drive.","imageAttribution":"Brian Snelson (CC BY 2.0)"}},{"startTime":200.44,"endTime":206.1,"type":"car","title":"Genesis GV60","url":"/cars/genesis/gv60","image":"https://upload.wikimedia.org/wikipedia/commons/9/9f/Genesis_GV60_1X7A5753.jpg","quote":"It's not a lateral move to go from the little Genesis EV, the GV60 you have to the Jaguar","canonicalId":"car:genesis:gv60","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Genesis GV60 is an electric SUV that represents Genesis's entry into the EV market, showcasing luxury features and advanced technology.","simplifiedExplanation":"The Genesis GV60 is a luxury electric SUV made by Genesis, which is a brand known for its high-end vehicles. It's designed to be stylish and packed with modern technology.","imageAttribution":"Alexander Migl (CC BY-SA 4.0)"}},{"startTime":270.3,"endTime":274.3,"type":"term","title":"tariffs","url":"/glossary/tariffs","quote":"...the big question that a lot of consumers had was, what are tariffs going to do to prices? And if we look back to the beginning of the second quarter...","canonicalId":"term:tariffs","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Tariffs are taxes imposed on imported goods, which can affect the prices of vehicles in the auto industry. When tariffs are introduced, manufacturers may raise prices to cover the additional costs, leading to higher prices for consumers.","simplifiedExplanation":"Tariffs are extra costs added to imported cars. If a country charges tariffs on cars, it can make those cars more expensive for buyers."}},{"startTime":292.0,"endTime":295.64,"type":"term","title":"scarcity","url":"/glossary/scarcity","quote":"...it's going to have the, you know, it's going to be a scarcity...","canonicalId":"term:scarcity","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Scarcity refers to a situation where demand for a product exceeds its supply. In the context of the auto industry, scarcity can lead to higher prices and limited availability of vehicles.","simplifiedExplanation":"Scarcity means there aren't enough cars for everyone who wants to buy one. This can make prices go up because more people are trying to buy fewer cars."}},{"startTime":372.5,"endTime":377.3,"type":"term","title":"destination charge","url":"/glossary/destination-charge","quote":"...we are seeing price increases are our destination charges. So not necessarily as significant as vehicle prices, but those, you know, if you ask people, you probably think the average destination charge is like $700 and it's actually closer to $2,000 now...","canonicalId":"term:destination-charge","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A destination charge is a fee that manufacturers add to the price of a vehicle to cover the cost of transporting it from the factory to the dealership. This charge can vary significantly and is often overlooked by buyers when budgeting for a new car.","simplifiedExplanation":"A destination charge is an extra fee that car companies add to the price of a car to pay for shipping it to the dealership. It's important to know this fee when you're looking at car prices."}},{"startTime":393.9,"endTime":399.9,"type":"term","title":"MSRP","url":"/glossary/msrp","quote":"...not necessarily reflected in the MSRP. So that's I think if you're a shopper out there, like look vigil, like look visually at some of the smaller...","canonicalId":"term:msrp","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"MSRP stands for Manufacturer's Suggested Retail Price, which is the price that the manufacturer recommends that retailers sell a vehicle for. It's important for consumers to understand this price as it serves as a baseline for negotiations and comparisons.","simplifiedExplanation":"MSRP is the price that car makers suggest dealers sell their cars for. It's a starting point for how much you might expect to pay when buying a car."}},{"startTime":423.9,"endTime":428.3,"type":"brand","title":"Porsche","url":"/glossary/porsche","quote":"...we've seen some brands, I think like Porsche is a good example where they've been quite transparent and prices have just gone up. But that said, a kind of rarefied end of the market...","canonicalId":"brand:porsche","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Porsche is a renowned German automotive manufacturer known for its high-performance sports cars and luxury vehicles. The brand is synonymous with quality engineering and iconic models like the Porsche 911.","simplifiedExplanation":"Porsche is a famous car brand from Germany that makes fast and luxurious cars. They are well-known for models like the Porsche 911, which is a sports car loved by many."}},{"startTime":694.8,"endTime":694.8,"type":"car","title":"Jeep Gladiator","url":"/cars/jeep/gladiator","image":"https://upload.wikimedia.org/wikipedia/commons/0/0b/Gobi_Jeep_gladiator_%28JT%29_on_W_Ann_Rd.jpg","quote":"Jeep Gladiators, 309 for a 39 month loan.","canonicalId":"car:jeep:gladiator","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Jeep Gladiator is a unique pickup truck that combines the off-road capabilities of a Jeep with the utility of a truck bed, making it versatile for various uses.","simplifiedExplanation":"The Jeep Gladiator is a pickup truck that can go off-road really well. It has a truck bed for carrying things, which makes it useful for different tasks.","imageAttribution":"Noah Wulf (CC BY-SA 3.0)"}},{"startTime":818.2,"endTime":822.9,"type":"term","title":"down payment","url":"/glossary/down-payment","quote":"...do you have to put $5,000 down? Do you have to put $4,000 down?...","canonicalId":"term:down-payment","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A down payment is an upfront payment made when purchasing or leasing a vehicle. It reduces the total amount financed and can affect monthly payments and loan terms.","simplifiedExplanation":"A down payment is the money you pay upfront when getting a car. It lowers the amount you need to borrow or finance."}},{"startTime":834.7,"endTime":834.7,"type":"car","title":"Ionic 5","image":"https://upload.wikimedia.org/wikipedia/commons/d/dc/%27Ionic_Villa%27%2C_Regent%27s_Park_-_geograph.org.uk_-_4735123.jpg","quote":"...the Ionic 5, like you had mentioned, $200 a month, $4,000 down...","canonicalId":"car:ionic-5","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Hyundai Ionic 5 is an all-electric compact crossover SUV that features a modern design and advanced technology. It is part of Hyundai's push into the electric vehicle market and offers various configurations to suit different needs.","simplifiedExplanation":"The Ionic 5 is an electric SUV made by Hyundai. It's designed to be stylish and high-tech, making it a popular choice for those looking to drive an electric vehicle.","imageAttribution":"Robin Webster  (CC BY-SA 2.0)"}},{"startTime":898.7,"endTime":903.0,"type":"term","title":"residual value","url":"/glossary/residual-values","quote":"...the residual value of that vehicle is going to be less than 30,000. So you're buying it for 40, you're taking that lifetime cost...","canonicalId":"term:residual-values","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Residual value refers to the estimated worth of a vehicle at the end of a lease or after a certain period of ownership. It helps consumers understand how much depreciation a car will experience over time, which can impact decisions on buying or leasing.","simplifiedExplanation":"Residual value is how much a car is expected to be worth after you’ve owned it for a while. It helps you know how much money you might lose when you sell or trade it in later."}},{"startTime":997.3,"endTime":1004.3,"type":"term","title":"EV","url":"/glossary/ev","quote":"...whether or not an EV is for you, some people definitely don't want to keep it fair enough. They just want to lease it...","canonicalId":"term:ev","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"EV stands for electric vehicle, which is a type of vehicle that is powered entirely or partially by electricity instead of gasoline or diesel. They are becoming increasingly popular due to their environmental benefits and advancements in technology.","simplifiedExplanation":"An EV, or electric vehicle, is a car that runs on electricity instead of gas. This means it doesn't produce exhaust fumes and can be better for the environment."}},{"startTime":1037.9,"endTime":1045.7,"type":"term","title":"driveline components","url":"/glossary/driveline-components","quote":"...the driveline components are different. There's no 30,000 miles of wear and tear...","canonicalId":"term:driveline-components","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Driveline components refer to the parts of a vehicle that transfer power from the engine to the wheels. In electric vehicles, these components differ from those in gasoline cars, as they often include electric motors and different types of transmissions.","simplifiedExplanation":"Driveline components are the parts that help the car move, connecting the engine to the wheels. In electric cars, these parts work differently than in regular gas cars."}},{"startTime":1058.1,"endTime":1060.0,"type":"term","title":"electric motors","url":"/glossary/electric-motor","quote":"on the engine. There's no engine. I mean, it's the electric motors and how well do they hold up. And maybe we don't have enough information on that yet.","canonicalId":"term:electric-motor","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Electric motors are devices that convert electrical energy into mechanical energy, commonly used in electric vehicles (EVs) to drive the wheels. They are known for their efficiency and instant torque delivery compared to internal combustion engines.","simplifiedExplanation":"Electric motors are parts that help electric cars move by turning electricity into motion. They work differently than regular car engines that run on gasoline."}},{"startTime":1083.8,"endTime":1086.0,"type":"term","title":"rear differential","url":"/glossary/rear-differential","quote":"there was no gear oil changes or anything like that, like on the rear differential, like none of that, because the, so many cars today, those components have like 100,000 mile intervals on maintenance.","canonicalId":"term:rear-differential","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The rear differential is a component in a vehicle's drivetrain that allows the rear wheels to rotate at different speeds, especially important when turning. It also helps distribute power from the engine to the wheels effectively.","simplifiedExplanation":"The rear differential is a part of your car that helps the back wheels turn at different speeds when you go around corners. It makes driving smoother and safer."}},{"startTime":1111.4,"endTime":1113.0,"type":"company","title":"Recurrent","url":"/glossary/recurrent","quote":"we have a company that we do a lot of work with called Recurrent, they have a lot of data on, on sort of battery life and","canonicalId":"company:recurrent","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Recurrent is a company that specializes in providing data and insights on electric vehicle battery life and performance. They analyze battery health and longevity, helping consumers make informed decisions about used electric vehicles.","simplifiedExplanation":"Recurrent is a company that studies electric car batteries to see how long they last and how well they work. They help people understand what to look for when buying a used electric car."}},{"startTime":1136.4,"endTime":1142.34,"type":"car","title":"Tesla Model","url":"/cars/tesla/model-y","image":"https://upload.wikimedia.org/wikipedia/commons/5/5c/Tesla_Model_Y_%282025%29_MYLE_Festival_2025_DSC_9565.jpg","quote":"...om like early  versions of the Nissan Leaf to the Tesla Model 3. 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It's designed to be easy to drive and has a decent range, so you can go far without needing to charge it often.","imageAttribution":"Dennis Elzinga (CC BY 2.0)"}},{"startTime":1152.9,"endTime":1158.1,"type":"term","title":"Apple CarPlay","url":"/glossary/apple-carplay","quote":"...decent technology over the air updates, Apple CarPlay, depending on the car.","canonicalId":"term:apple-carplay","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Apple CarPlay is a system that allows iPhone users to connect their devices to their car's infotainment system, enabling them to use apps, make calls, send messages, and access navigation features directly from the car's display.","simplifiedExplanation":"Apple CarPlay lets you use your iPhone in your car, so you can listen to music, get directions, and make calls using the car's screen."}},{"startTime":1202.1,"endTime":1213.6,"type":"term","title":"SUVs","url":"/glossary/suvs","quote":"...here we're looking at SUVs that you'd mentioned, Alistair. 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They are popular because they have a lot of space inside."}},{"startTime":1236.98,"endTime":1241.16,"type":"car","title":"Honda Odyssey","url":"/cars/honda/odyssey","image":"https://upload.wikimedia.org/wikipedia/commons/6/65/1996_Honda_Odyssey_RA1.jpg","quote":"...you think about the minivans out there, the Odyssey, you know, the Sienna, forgetting some of the other names...","canonicalId":"car:honda:odyssey","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Honda Odyssey is a popular minivan known for its spacious interior and family-friendly features. It's often praised for its reliability and versatility, making it a top choice for families.","simplifiedExplanation":"The Honda Odyssey is a minivan that many families choose because it has a lot of space and useful features. It's known for being dependable and good for everyday use.","imageAttribution":"TTTNIS (CC0)"}},{"startTime":1248.38,"endTime":1253.56,"type":"car","title":"Chrysler Pacifica","url":"/cars/chrysler/pacifica","image":"https://upload.wikimedia.org/wikipedia/commons/8/8d/%2707_Chrysler_Pacifica.jpg","quote":"...the only car Chrysler makes is the Pacifica...","canonicalId":"car:chrysler:pacifica","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Chrysler Pacifica is a versatile minivan that offers a range of features, including a hybrid variant. It is designed for families and emphasizes comfort and technology.","simplifiedExplanation":"The Chrysler Pacifica is a family minivan that has many features to make traveling easier and more comfortable. 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It's designed to be both practical and stylish for everyday use.","imageAttribution":"OSX (Public domain)"}},{"startTime":1335.3,"endTime":1340.5,"type":"car","title":"Chevy Spark","url":"/cars/chevrolet/spark","image":"https://upload.wikimedia.org/wikipedia/commons/e/e0/2011_Chevrolet_Spark_1.0_LS%2C_front_left%2C_06-23-2024.jpg","quote":"...vehicles like Chevy Spark or the Aveo. Sadly, no one really misses those cars too much...","canonicalId":"car:chevrolet:spark","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Chevy Spark is a subcompact car known for its affordability and small size, making it ideal for urban driving. However, it has struggled with popularity compared to larger vehicles.","simplifiedExplanation":"The Chevy Spark is a small, budget-friendly car that's easy to drive in the city. 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I...","canonicalId":"car:volkswagen:golf","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"Vauxford (CC BY-SA 4.0)"}},{"startTime":1492.14,"endTime":1497.88,"type":"car","title":"Hyundai Ioniq 5","url":"/cars/hyundai/ioniq-5","image":"https://upload.wikimedia.org/wikipedia/commons/4/4d/Hyundai_Ioniq_5.jpg","quote":"...cially in the  EV world, like we talked about the Ioniq 5, that's scaled up Mark II Golf when you look at t...","canonicalId":"car:hyundai:ioniq-5","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Hyundai Ioniq 5 is an all-electric compact crossover that has gained attention for its futuristic design and advanced technology. 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Do I want th...","canonicalId":"car:honda:civic","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Honda Civic is a compact car known for its reliability, fuel efficiency, and sporty design. It has been a staple in the automotive market for decades, appealing to a wide range of drivers, from young professionals to families.","simplifiedExplanation":"The Honda Civic is a small car that many people like because it's dependable and saves on gas. It's also fun to drive and comes in different styles, like a hatchback or sedan, making it a popular choice for many drivers.","imageAttribution":"MercurySable99 (CC BY-SA 4.0)"}},{"startTime":1552.36,"endTime":1560.74,"type":"car","title":"Hyundai Palisade","url":"/cars/hyundai/palisade","image":"https://upload.wikimedia.org/wikipedia/commons/c/c3/Hyundai_Palisade_Calligraphy_in_White_%28rear_left%29.jpg","quote":"...iving the, was it the Hyundai? Yeah, the Hyundai  Palisade. It was great. Hybrid, three-row. 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It's comfortable to drive and has nice features inside, making it a great choice for families or anyone who needs extra space.","imageAttribution":"Benespit (CC BY-SA 4.0)"}},{"startTime":1591.68,"endTime":1596.9,"type":"car","title":"Honda Accord","url":"/cars/honda/accord","image":"https://upload.wikimedia.org/wikipedia/commons/2/29/2007_Honda_Accord_Euro_R_with_Mugen_tuning_front.jpg","quote":"...look at the size of a Civic today versus  what an Accord was back in the day, that's not far off. So I do ...","canonicalId":"car:honda:accord","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Honda Accord is a midsize sedan that has been a favorite among consumers for its spacious interior, reliability, and strong performance. Over the years, it has evolved to include modern technology and safety features, making it a well-rounded choice for many drivers.","simplifiedExplanation":"The Honda Accord is a larger car that many people choose because it's roomy and dependable. It has a lot of modern features and is good for both commuting and family trips.","imageAttribution":"Throwawayacc222 (CC0)"}},{"startTime":2444.86,"endTime":2450.9,"type":"car","title":"Toyota Camry","url":"/cars/toyota/camry","image":"https://upload.wikimedia.org/wikipedia/commons/b/bc/%28USA-Massachusetts%29_Private_Toyota_Camry_NJ-Z22UKZ_rear_2024-06-06.jpg","quote":"...s a lot of money. You see crazy loans  for Toyota Camry. That's $55,000. A lot of times this is maybe Cam...","canonicalId":"car:toyota:camry","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota Camry is a midsize sedan known for its reliability, comfort, and fuel efficiency. It has been one of the best-selling cars in the U.S. for years, appealing to a wide range of drivers with its blend of practicality and performance.","simplifiedExplanation":"The Toyota Camry is a popular car that many people trust because it's reliable and gets good gas mileage. It's comfortable to drive and has enough space for passengers and luggage, making it a great everyday car.","imageAttribution":"S5A-0043 (CC BY 2.0)"}},{"startTime":3495.12,"endTime":3499.12,"type":"car","title":"Tesla Cybertruck","url":"/cars/tesla/cybertruck","image":"https://upload.wikimedia.org/wikipedia/commons/f/f5/2024_Tesla_Cybertruck_Foundation_Series_IMG_0576.jpg","quote":"...ide of all of this, Matt, is that you don't own a Cybertruck. I feel  like those owners definitely feel your s...","canonicalId":"car:tesla:cybertruck","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Tesla Cybertruck is an all-electric pickup truck that features a unique, angular design and promises impressive performance and utility. It represents Tesla's foray into the truck market, aiming to combine sustainability with rugged capability.","simplifiedExplanation":"The Tesla Cybertruck is a new electric truck that looks very different from regular trucks. It's designed to be tough and can do a lot of work while being better for the environment since it doesn't use gas.","imageAttribution":"Alexander-93 (CC BY-SA 4.0)"}},{"startTime":3561.8,"endTime":3566.82,"type":"car","title":"Ford Mustang","url":"/cars/ford/mustang","image":"https://upload.wikimedia.org/wikipedia/commons/1/13/1966_Ford_Mustang_coupe_white_001.jpg","quote":"...ve done it with various cars and trucks, Ford and Mustangs and stuff. Go ahead.  In my head, I go, okay, I g...","canonicalId":"car:ford:mustang","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Ford Mustang is an iconic American muscle car known for its powerful performance and distinctive styling. It has a rich history dating back to the 1960s and continues to be a symbol of freedom and speed in the automotive world.","simplifiedExplanation":"The Ford Mustang is a classic sports car that's famous for being fast and stylish. It's been around for a long time and is loved by many people who enjoy driving and the thrill of speed.","imageAttribution":"Hans-Jürgen Neubert (CC BY 4.0)"}}],"speakers":[{"id":"s1","name":"Bleav","role":"host"},{"id":"s2","name":"Carcast","role":"host"}],"transcripts":[{"url":"http://getcarcurious.com/episodes/carcast-edmunds-the-status-of-the-car-market-and-the-rise-of-negative-equity-on-car-loans/transcript.vtt","type":"text/vtt"}]}