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Fixed Ops Friday w/ Carlstedt, Spenst, and Lloyd + Breaking News w/ Andy Wright | Daily Dealer Live

Fixed Ops Friday w/ Carlstedt, Spenst, and Lloyd + Breaking News w/ Andy Wright | Daily Dealer Live

Car Dealership Guy Podcast Mar 20, 2026 70 min
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About this episode

The episode dives into pressing issues in automotive retail including FTC warnings on dealer advertising practices, rising EV interest, and challenges in fixed operations. Guests Andy Wright discusses Cox Automotive's decision to cut data access to VinQ, sparking debate on tech control and dealer impact. Ryan Carlstead shares how Willis Automotive Group is elevating service culture with a 'turn it up to 11' approach, focusing on guest care and tech recruitment. Darren Spenst exposes costly billing drift in dealer vendor contracts, while Wes Lloyd highlights multi-brand service management and video inspections boosting customer trust. The conversation blends industry news, operational insights, and strategies for dealer success in 2026.

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Technical Too Afraid to Ask
Company

Federal Trade Commission (FTC)

"And what a sales environment we're in this March of 2026, week before last the FTC sent warning letters to 97 dealer groups across the country over concerns that advertised prices don't reflect what customers are actually paying."

The FTC is a government group that makes sure businesses, like car dealers, are honest about their prices and don't trick customers.

Concept

advertised price transparency

"I'm your host Sam Dark and thanks for choosing to be here on this Friday, March the 20th. And what a sales environment we're in this March of 2026, week before last the FTC sent warning letters to 97 dealer groups across the country over concerns that advertised prices don't reflect what customers are actually paying."

Advertised price transparency means showing the real price of a car, including all extra fees, so customers know exactly what they will pay. The government is making sure dealers do this fairly.

Term

dock fees

"Fees like dock fees that have baited this past week in auto circles has been robust. For example, in states where dock fees vary widely from $90 to hundreds of dollars."

Dock fees are extra charges dealers add to the price of a car to cover shipping costs from the factory. These fees can be different depending on where you live and might not always be shown upfront.

Concept

federal vs state regulations

"And there's some states where dock fee disclosures on state rules are supposedly prohibited altogether. So which supersedes federal rule, state rule, who's right, who's wrong?"

Sometimes the rules from the federal government and the state government don't match. This can make it confusing for car dealers about which rules to follow when showing prices.

Term

OEM rebates

"And then what about my zip code based OEM rebates? There are many questions this week across the retail automotive landscape."

OEM rebates are money discounts from the car company to help you pay less when buying a car. Sometimes these discounts change depending on where you live.

Company

NADA

"NADA President Mike Stanton is meeting with the FTC next week representing dealer's interests. NADA is then doing a dealer webinar with a senior FTC attorney on Monday, April 6th to demystify a little bit of this Monday, April 6th, 1pm Eastern."

NADA is a group that helps car dealers by speaking for them and giving them advice. They also work with government agencies to make sure dealers are treated fairly.

Term

Federal Reserve benchmark rate

"Up first this week, the Federal Reserve held its benchmark rate steady at 3.5% to 3.75%. And for dealers, that means, as you know, the environment you've been navigating doesn't get any time, it doesn't get easier anytime soon."

The Federal Reserve sets a key interest rate that makes borrowing money more or less expensive. When this rate is high, it costs more to get a car loan, which can make buying cars harder.

Term

financing costs

"And for dealers, that means, as you know, the environment you've been navigating doesn't get any time, it doesn't get easier anytime soon. Financing costs stay elevated, affordability stays tight, and most buyers are affected with this payment sensitive and lower credit customers who are already stretched."

When you borrow money to buy a car, you have to pay extra money called interest. If this interest is high, your monthly payments go up and it can be harder to afford a car.

Term

incentives

"Dealers aren't leaning harder on incentives, rates of venture in longer terms just to keep payments manageable, especially on new vehicles where prices are still historically high."

Car companies sometimes offer deals or discounts to help people buy cars. These deals make the car cheaper or the payments smaller.

Term

inflation

"but between the Iran conflict pushing oil prices up and inflation still running warm, even that timeline is not guaranteed."

Inflation means things get more expensive over time. When prices go up, it can cost more to buy cars and other things.

Term

rate hike

"markets this afternoon seem to be suggesting a rate hike. The markets seem to be preparing for that."

A rate hike means the government makes borrowing money more expensive. This can make car loans cost more and slow down buying.

Term

EV consideration

"Next up today, Edmunds is out with another week of data showing EV consideration continuing to climb alongside gas prices. Electrified vehicles hit 23.8% of all vehicle research on their platform for the week of March 9th through the 15th."

EV consideration means how many people are looking at or thinking about electric cars when they shop for a vehicle.

Term

electrified vehicles

"Electrified vehicles hit 23.8% of all vehicle research on their platform for the week of March 9th through the 15th."

Electrified vehicles are cars that use electricity to help them run. Some run only on electricity, others use a mix of gas and electricity.

Term

battery electric vehicles

"Most of that gain was driven by battery electric vehicles specifically, not just hybrids."

Battery electric vehicles run only on electricity from batteries and don’t use gas. You plug them in to charge, and they don’t pollute like regular cars.

Term

hybrids

"Most of that gain was driven by battery electric vehicles specifically, not just hybrids."

Hybrids use both gas and electricity to help save fuel. They can run on either or both to go farther and use less gas.

Concept

brand loyalty

"Sticking with consumer behavior next up today, S&P Global is out with data showing industry brand loyalty fell to about 51% in 2025 while conquest volume rose for the fourth consecutive year and defections are approaching 4 million households."

Brand loyalty means people keep buying cars from the same company. When it goes down, more people are trying different car brands.

Concept

conquest volume

"S&P Global is out with data showing industry brand loyalty fell to about 51% in 2025 while conquest volume rose for the fourth consecutive year and defections are approaching 4 million households."

Conquest volume means how many people buy cars from a new brand instead of their old one. It shows which brands are winning new customers.

Concept

defections

"Defections are approaching 4 million households. That means nearly half of all owners who came back to market last year switched brands."

Defections happen when people stop buying from their usual car brand and choose a different one instead.

Company

Cox Automotive

"This just in this morning, Cox Automotive is ending its licensing agreements for Mannheim Market Report and Kelly Bluebook data within the VINQ platform this effective March 31st."

Cox Automotive is a big company that helps car dealers and buyers with things like auctions and car information.

Company

Mannheim Market Report

"Cox Automotive is ending its licensing agreements for Mannheim Market Report and Kelly Bluebook data within the VINQ platform this effective March 31st."

The Mannheim Market Report shows how much used cars are selling for at big auctions, helping dealers know prices.

Company

Kelly Bluebook

"Cox Automotive is ending its licensing agreements for Mannheim Market Report and Kelly Bluebook data within the VINQ platform this effective March 31st."

Kelly Bluebook helps people find out how much cars are worth when buying or selling.

Company

VINQ

"That means native access to both indexes goes away inside the tool, though dealers can still reach them through the direct links. VINQ says they're replacing it with an AI-driven predictive market report launching April 1st focused on forward-looking wholesale projections rather than"

VINQ is a tool that helps car dealers see prices and market info for cars they want to buy or sell.

Concept

AI-driven predictive market report

"VINQ says they're replacing it with an AI-driven predictive market report launching April 1st focused on forward-looking wholesale projections rather than"

This report uses smart computer programs to guess how car prices will change in the future, helping dealers decide when to buy or sell cars.

Concept

vehicle valuation guides

"beat Cox's technology as it relates to MMR and Kelly Bluebook. VinQ's saying predictive data beats historical benchmarks like MMR. Does the industry actually buy that yet or is there still heavy attachment to those old guides?"

These guides help people figure out how much a used car is worth by looking at past sales and market prices.

Concept

historical data

"One can certainly draw any kind of inference they want out of looking at historical data, and the same goes for looking at forward-looking data points."

Historical data is information about what happened before, like old car prices. It helps dealers see patterns but doesn’t always tell what will happen next.

Company

Willis Automotive Group

"Fixed Operations at Willis Automotive Group. Thanks for being on and joining the show."

Willis Automotive Group is a company that owns and runs car dealerships where people buy and service cars.

Concept

fixed operations

""I'm the executive vice president of fixed operations, so all the service parts, collision, detail, our business development center, all of those departments roll up to me.""

Fixed operations means the part of a car dealership that fixes cars and sells parts. They help keep cars running well and make money by doing repairs and maintenance.

Brand

Lexus

"So you run five different brands. You've got Infiniti, Lexus, Nissan, Cadillac, Chevy."

Lexus is a brand that makes fancy cars and SUVs. It's part of Toyota and is known for being reliable and comfortable.

Brand

Infiniti

"So you run five different brands. You've got Infiniti, Lexus, Nissan, Cadillac, Chevy."

Infiniti is a brand that makes fancy cars with lots of features. It's part of the Nissan company and focuses on luxury vehicles.

Brand

Chevrolet

"So you run five different brands. You've got Infiniti, Lexus, Nissan, Cadillac, Chevy."

Chevrolet is a big car company from America that makes many types of vehicles like trucks, SUVs, and regular cars.

Brand

Cadillac

"So you run five different brands. You've got Infiniti, Lexus, Nissan, Cadillac, Chevy."

Cadillac is a brand that makes fancy American cars and SUVs, focusing on luxury and comfort.

Brand

Nissan

"So you run five different brands. You've got Infiniti, Lexus, Nissan, Cadillac, Chevy."

Nissan is a company that makes many kinds of cars, from regular ones to electric and sporty cars.

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