Dyjak/York on PARTS Act, Nens on Buyer Privacy, Johnson on EOS Gains | Daily Dealer Live
About this episode
Catalytic converter theft is a growing concern in the automotive industry, prompting discussions around the PART Act, which aims to establish federal regulations to combat this issue. Guests Charlie Jack from NADA and Greg York from Van York Auto Group share insights on the financial impact of these thefts and the importance of traceability. The episode also touches on AI's role in automotive advertising, the cooling auto insurance rates, and the implications of direct-to-consumer sales models, particularly with Volkswagen's Scout Motors. Additionally, Cheryl Nins discusses consumer privacy in vehicles and the need for dealers to protect customer data.
Mercedes-Benz
"...shares of Volkswagen, BMW, Mercedes-Benz and Stellanus all slid, showing how exposed..."
Mercedes-Benz is a famous luxury car brand from Germany, known for making high-quality and innovative cars.
Mercedes-Benz is a German automotive brand known for luxury vehicles, buses, and trucks. The brand is recognized for its innovation and high-quality engineering in the automotive industry.
BMW
"...shares of Volkswagen, BMW, Mercedes-Benz and Stellanus all slid, showing how exposed..."
BMW is a luxury car brand from Germany that makes high-performance cars and motorcycles, known for being fun to drive.
BMW, or Bayerische Motoren Werke, is a German luxury vehicle manufacturer known for its performance-oriented cars and motorcycles. The brand is recognized for its engineering and sporty driving dynamics.
PART Act
"So all right. First off, Charlie, would you tell us a little bit about what is the PART Act and why should dealers, why do we care about catalytic converter theft? What is the PART Act, Charlie?"
The PART Act is a law that helps deal with the problem of stolen catalytic converters, which are parts of cars that help reduce pollution. It aims to create rules to make it harder for thieves to steal these parts.
The PART Act is legislation aimed at addressing the issue of catalytic converter theft, particularly at the federal level. It seeks to create a framework to combat this growing problem, which has seen a significant increase during the pandemic.
catalytic converter theft
"...why do we care about catalytic converter theft? What is the PART Act, Charlie? Yeah. So the PART Act addresses catalytic converter theft at the federal level."
Catalytic converter theft is when someone steals a part from a car that helps clean the exhaust. This has become a big problem because these parts contain valuable metals that thieves can sell.
Catalytic converter theft refers to the illegal act of stealing the catalytic converter from a vehicle, which has become increasingly common due to the valuable metals contained within these components. The rise in such thefts has prompted legislative action like the PART Act.
exhaust system
"...Can they just cut off the catalytic converter and cost $2,500 or up to $4,000? Or do they completely destroy the exhaust system and get the manifold and get to that?..."
The exhaust system is the part of a car that helps remove gases produced by the engine and makes the car quieter. It includes several parts that work together to clean the air before it leaves the car.
The exhaust system is a series of components that directs exhaust gases away from the engine and reduces harmful emissions. It typically includes parts such as the exhaust manifold, catalytic converter, muffler, and exhaust pipes.
manifold
"...Or do they completely destroy the exhaust system and get the manifold and get to that? And then you're up to $5,000..."
The manifold is a part of the car that helps collect gases from the engine and sends them out through the exhaust system. It's important for making sure the engine runs well.
The manifold is a component in the exhaust system that collects exhaust gases from the engine cylinders and directs them into the exhaust system. It plays a crucial role in the efficiency of the engine's performance.
platinum
"...the precious metals that are included in catalytic converters that are really skyrocketing the price of these things. So platinum, palladium, rhodium."
Platinum is a valuable metal that is used in some car parts, including catalytic converters, to help clean the exhaust gases. Because it's worth a lot of money, it can be attractive for thieves.
Platinum is one of the precious metals used in catalytic converters to facilitate the chemical reactions that reduce harmful emissions. Its high value and demand in various industries contribute to its appeal for theft.
palladium
"...the precious metals that are included in catalytic converters that are really skyrocketing the price of these things. So platinum, palladium, rhodium."
Palladium is a valuable metal used in car parts like catalytic converters to help reduce pollution. Its high price makes it a target for thieves.
Palladium is another precious metal found in catalytic converters, playing a crucial role in the reduction of harmful emissions. Its rising market value has contributed to the increase in catalytic converter theft.
rhodium
"...the precious metals that are included in catalytic converters that are really skyrocketing the price of these things. So platinum, palladium, rhodium."
Rhodium is a very valuable metal that helps clean exhaust gases in cars. Because it's so expensive, it can be attractive for thieves to steal it from catalytic converters.
Rhodium is a rare and valuable precious metal used in catalytic converters for its effectiveness in reducing harmful emissions. Its high market value has made it a significant factor in the increase of catalytic converter theft.
VIN
"...you want a VIN, you want to make these catalytic converters traceable. So as soon as that employee's catalytic converter is stolen off a vehicle..."
A VIN, or Vehicle Identification Number, is a special number that helps identify a specific car. It's like a unique ID for each vehicle, containing details about the car's brand and features.
VIN stands for Vehicle Identification Number, a unique code assigned to every motor vehicle when it's manufactured. It serves as a vehicle's fingerprint, providing information about the car's make, model, year, and place of manufacture.
OEM
"...the sponsors drafted this bill, they wanted to make it as easy for OEMs to comply with as possible, right? So a lot of OEMs out there right now..."
OEM means Original Equipment Manufacturer. It's a term used for companies that make parts that are used in cars when they are first built. These parts are made to fit the car exactly as intended by the car maker.
OEM stands for Original Equipment Manufacturer, referring to companies that produce parts that are used in the original assembly of a vehicle. OEM parts are typically designed to meet the specifications of the vehicle manufacturer.
federal offense
"...it's a federal offense. Just giving them that traceable element..."
A federal offense is a serious crime that breaks national laws. These crimes are handled by federal authorities and can lead to harsher punishments than local crimes.
A federal offense is a crime that violates U.S. federal laws, as opposed to state laws. Such offenses are typically prosecuted by federal authorities and can carry more severe penalties than state crimes.
Porsche
"...headlights, especially from Porsches. And I'm also seeing thieves steal tow hooks if it's left on the car."
Porsche is a famous car brand that makes sports cars and luxury vehicles. Some of their parts, like headlights, can be stolen because they are expensive.
Porsche is a renowned German automotive manufacturer known for its high-performance sports cars and luxury vehicles. Models like the Porsche 911 and Porsche Cayenne are particularly popular, and their parts, including headlights, can be targets for theft due to their value.
tow hook
"...And I'm also seeing thieves steal tow hooks if it's left on the car. So I mean, anything I think the common element here in a lot of these thefts is anything that can easily be converted into cash quickly..."
A tow hook is a part of a car that helps it get pulled or towed when it can't drive on its own. Thieves sometimes steal them if they're left attached to the car.
A tow hook is a component attached to a vehicle that allows it to be towed. It's designed to provide a secure point for towing equipment to connect to the vehicle, making it easier to move a disabled car.
Hyundai Venue
"... actually doing on the day to day, just different venue. That's all. Well, senior manager legislative af..."
The Hyundai Venue is a small SUV that is easy to drive and park, making it great for city living. It has enough room for your stuff and is usually less expensive than bigger SUVs.
The Hyundai Venue is a subcompact SUV that offers a blend of style, practicality, and affordability. Launched in 2020, it targets urban drivers looking for a compact vehicle that is easy to maneuver while still providing ample cargo space.
Honda Odyssey
"...hat car the next day, all of a sudden your Honda Odyssey sounds like a race car and you're like, uh-oh. Y..."
The Honda Odyssey is a big family car that can carry a lot of people and their stuff. It's known for being comfortable and reliable, making it a great choice for parents who need to drive kids around.
The Honda Odyssey is a popular minivan known for its spacious interior, family-friendly features, and reliability. It has been a staple in the minivan market since its introduction in the mid-1990s, often praised for its comfort and practicality for families.
Ford Motor Company
"...and then I had a professor that encouraged me to interview with Ford Motor Company. And so I spent most of my career there calling on dealers all over the West Coast."
Ford Motor Company is one of the largest car manufacturers in the world, famous for making cars like the Mustang and F-150. They have been around for over a century and are known for innovation in the automotive field.
Ford Motor Company is an American multinational automaker founded by Henry Ford on June 16, 1903. It is known for its automobiles, trucks, and SUVs, and has a significant impact on the automotive industry.
Ford Fiesta
"...sband likes to call me the small car killer. The Ford Fiesta and the Ford EcoSport. But I don't think that was..."
Ford Ecosport
"...my husband likes to call me the small car killer. The Ford Fiesta and the Ford EcoSport. But I don't think that was just me."
The Ford EcoSport is a small SUV that offers more space than a regular car, making it good for families or those who need extra room. It's designed for both city and light off-road driving.
The Ford EcoSport is a subcompact SUV that was introduced in 2003, known for its compact size and versatility, making it suitable for both urban and outdoor adventures.
reconditioning prep fees
"...you have like reconditioning prep fees, this can be another fee that's on top of that. And so..."
Reconditioning prep fees are charges for getting a used car ready to sell. This includes fixing any issues and cleaning the car so it's in good shape for buyers.
Reconditioning prep fees refer to the costs associated with preparing a used vehicle for sale. This process may include repairs, cleaning, and inspections to ensure the car meets certain standards before being offered to customers.
Carfax report
"...it can also be like a car fax report. So on your vehicle display page, you can use our badge and then it's clickable where the consumer can see that that has already been done and cleared..."
A Carfax report is a document that tells you about a used car's history. It shows if the car has been in accidents, how many owners it had, and other important details to help you decide if it's a good buy.
A Carfax report is a vehicle history report that provides information about a car's past, including accidents, title status, service history, and ownership changes. It's commonly used by buyers to assess the condition and reliability of a used vehicle.
Stellantis
"What brands do you have, Josh? We represent GM Ford and Stellantis."
Stellantis is a big car company that includes many brands like Jeep and Dodge, created from a merger of two other companies.
Stellantis is a multinational automotive manufacturing corporation formed from the merger of Fiat Chrysler Automobiles and PSA Group, representing brands like Jeep, Dodge, and Peugeot.
Volkswagen Eos
"... into a couple of industry topics before we talk EOS. So how's business this January, 2026, Josh? You..."
The Volkswagen Eos is a small car that can turn into a convertible, meaning you can drive it with the top down on nice days. It's stylish and fun to drive, but it's not made anymore, so finding one might be a bit tricky.
The Volkswagen Eos is a compact convertible that combines the features of a coupe and a convertible, thanks to its retractable hardtop. Produced from 2006 to 2015, it is known for its stylish design and enjoyable driving experience.
GM
"...I think GM's got a great go to market strategy right now. Incredible product..."
GM stands for General Motors, a big car company that makes many popular brands like Chevrolet and Cadillac.
GM, or General Motors, is one of the largest automotive manufacturers in the world, known for brands like Chevrolet, GMC, Buick, and Cadillac.
Jeep Cherokee
"...the reintroduction of the Cherokee going forward. I think that's going to be a game changer..."
The Cherokee is a type of SUV made by Jeep, known for being good for both city driving and off-road adventures.
The Jeep Cherokee is a compact SUV known for its off-road capability and versatility, appealing to both urban and outdoor enthusiasts.
recalls
"...with their recalls this past year, a lot of groups have capitalized on that..."
Recalls happen when a car company asks people to bring their cars back for repairs because there might be a safety problem. It's important for keeping drivers safe.
A recall is a request to return a product, in this case, a vehicle, to the manufacturer for repair or replacement due to safety issues or defects. Recalls are often issued to ensure the safety of drivers and passengers.
mobile repair
"...mobile repair is a big deal. Ford put a ton of money in it. And with their recalls this past year..."
Mobile repair means that mechanics come to your location to fix your car instead of you having to drive to a shop. This is handy for quick repairs or recalls.
Mobile repair refers to automotive repair services that are provided at the customer's location rather than at a traditional repair shop. This service is particularly useful for recalls and minor repairs, enhancing convenience for vehicle owners.
Don Johnson Auto Group
"...you do mobile repair at your Don Johnson Auto Group? We have been doing mobile repair..."
Don Johnson Auto Group is a car dealership that sells and fixes cars. They also help with car repairs at people's homes.
Don Johnson Auto Group is an automotive dealership group that sells and services various vehicle brands. They may offer services like mobile repair, particularly for recalls.
EOS process
"...you and your group have engaged in the EOS process. We definitely want to talk about that..."
The EOS process is a way for businesses to work better together and reach their goals. It helps them organize their plans and improve how they operate.
The EOS process refers to the Entrepreneurial Operating System, a set of tools and concepts designed to help businesses improve their operations and achieve their goals. It focuses on vision, data, issues, process, traction, and people.
Scout
"...Scout just got approval in the state of Colorado to sell direct to consumer..."
Scout is a car brand that makes vehicles for people who like outdoor adventures. They are now allowed to sell their cars directly to customers.
Scout is an automotive brand that focuses on producing vehicles designed for outdoor and adventurous activities. They have recently gained approval to sell directly to consumers, which is a significant step for the brand.
Tesla
"some of the direct to consumer Tesla and others, you know, they don't spend the amount of money that some of the OEMs require of bigger facilities, right?"
Tesla is a car company that makes electric cars. They sell their cars directly to customers instead of through traditional dealerships.
Tesla is an American electric vehicle and clean energy company founded by Elon Musk and others. It is known for its innovative approach to car manufacturing and sales, particularly its direct-to-consumer model.
used car acquisition
"you know, use car acquisition is a huge topic is actually, you know what, the producers are telling me we're actually right here at time."
Used car acquisition is how dealerships get cars that have been owned before. They buy these cars to sell them again to customers.
Used car acquisition refers to the process of obtaining pre-owned vehicles, which can involve trade-ins, purchases from auctions, or direct purchases from consumers. It's a significant aspect of the automotive market, especially for dealerships.
general manager
"So they're going to kill me if I, if I go any, with this EOS process, just the last question, how do you define the right seat for a general manager?"
A general manager is the person in charge of running a car dealership. They make sure everything is working well and that customers are happy.
A general manager in the automotive context oversees the operations of a dealership, including sales, service, and customer relations. They are responsible for ensuring the dealership meets its financial goals and provides quality service.
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