Kunes on tariff changes, Clerq on frictionless payments, Lawrence on current state of EVs | Daily Dealer Live
About this episode
A deep dive into the latest automotive news featuring insights from industry leaders. General Motors plans to phase out Apple CarPlay and Android Auto in favor of proprietary systems, raising questions about user experience and data control. The IRS introduces new tax deductions for car loan interest, potentially boosting demand for U.S. vehicles. Lemonade Insurance proposes a low-cost plan for Tesla's full self-driving cars, betting on the safety of autonomous technology. Guests Scott Qunis and Alex Lawrence share perspectives on dealership operations, EV market dynamics, and the evolving landscape of automotive financing.
General Motors
"First update, General Motors says it's phasing out Apple CarPlay and Android Auto from its vehicles, electric, and gas powered as part of a broader industry shift toward in-house infotainment"
General Motors is a big car company in the U.S. that makes many different types of vehicles. They are changing how their cars connect to smartphones, which might affect how drivers use apps in their cars.
General Motors (GM) is a major American automotive corporation known for manufacturing vehicles under various brands, including Chevrolet, GMC, Buick, and Cadillac. The company is currently making changes to its infotainment systems by phasing out popular smartphone integration features.
Apple CarPlay
"First update, General Motors says it's phasing out Apple CarPlay and Android Auto from its vehicles, electric, and gas powered as part of a broader industry shift toward in-house infotainment"
Apple CarPlay is a system that lets you use your iPhone in your car. It shows your phone's apps on the car's screen, making it easier to use things like maps and music while driving.
Apple CarPlay is a smart interface that allows iPhone users to connect their devices to their car's infotainment system, enabling access to apps, navigation, and music through the car's display. GM's decision to phase it out indicates a shift towards proprietary systems.
Android Auto
"First update, General Motors says it's phasing out Apple CarPlay and Android Auto from its vehicles, electric, and gas powered as part of a broader industry shift toward in-house infotainment"
Android Auto is a system that lets you connect your Android phone to your car. It displays your phone's apps on the car's screen, so you can easily use things like navigation and music while driving.
Android Auto is similar to Apple CarPlay but designed for Android devices. It allows users to connect their Android smartphones to their car's infotainment system, providing access to apps and features directly from the car's display. GM's move away from it suggests a focus on developing their own systems.
infotainment
"First update, General Motors says it's phasing out Apple CarPlay and Android Auto from its vehicles, electric, and gas powered as part of a broader industry shift toward in-house infotainment"
Infotainment is the system in cars that provides entertainment and information, like music, navigation, and phone connections. Car companies are starting to make their own versions instead of using popular smartphone systems.
Infotainment refers to the integrated system in vehicles that combines entertainment and information delivery. It typically includes features like navigation, music playback, and smartphone connectivity. The shift towards in-house infotainment systems indicates a trend in the automotive industry to develop proprietary technologies.
Polestar
"Meanwhile, brands like Tesla, Rivian, and Polestar already use proprietary platforms..."
Polestar is a car brand that makes electric vehicles and is known for its stylish designs and high performance. It started as a performance division of Volvo.
Polestar is a Swedish automotive brand that focuses on high-performance electric vehicles. Originally a performance brand for Volvo, Polestar has evolved into a standalone brand offering models like the Polestar 2, which emphasizes sustainability and advanced technology.
Rivian
"Meanwhile, brands like Tesla, Rivian, and Polestar already use proprietary platforms..."
Rivian is a newer car company that makes electric trucks and SUVs. They aim to create vehicles that are great for outdoor adventures and are environmentally friendly.
Rivian is an American electric vehicle manufacturer known for producing electric trucks and SUVs, particularly the R1T pickup and R1S SUV. The company focuses on adventure-oriented electric vehicles and sustainable transportation.
Mercedes
"...even legacy players like BMW and Mercedes are limiting how much access Apple gets to their new systems."
Mercedes is a luxury car brand from Germany that makes high-end vehicles known for their comfort and advanced technology.
Mercedes-Benz is a German automotive brand known for luxury vehicles, buses, and trucks. The brand is recognized for its innovation, safety features, and high-performance models.
BMW
"...even legacy players like BMW and Mercedes are limiting how much access Apple gets to their new systems."
BMW is a well-known car company from Germany that makes luxury cars. They are famous for their sporty designs and high-quality engineering.
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 excellence and driving dynamics.
Lemonade
"...Lemonade. Yes, Lemonade. It's a tech-based insurance company that covers homes, cars, and even pets..."
Lemonade is a company that sells insurance for things like homes and cars. They use technology to make buying insurance easier and offer unique plans, like paying for insurance based on how much you drive.
Lemonade is a tech-based insurance company that offers various types of insurance, including for homes, cars, and pets. They utilize technology to streamline the insurance process and provide innovative coverage options, such as pay-per-mile insurance for vehicles.
full self-driving
"...insurance plan for Tesla's full self-driving vehicles. Making that autonomous technology, they're betting that autonomous..."
Full self-driving means a car can drive itself without anyone needing to control it. Companies like Tesla are working on this technology to make driving easier and safer.
Full self-driving refers to an advanced level of autonomous driving technology that allows a vehicle to navigate and operate without human intervention. This technology is being developed by various companies, including Tesla, and is intended to improve safety and convenience for drivers.
pay-per-mile insurance
"...letting tech Tesla owners activate Lemonade's pay-per-mile..."
Pay-per-mile insurance means you only pay for car insurance based on how much you drive. If you drive less, you pay less, which can save money for people who don't use their cars often.
Pay-per-mile insurance is a type of auto insurance where the cost is based on the number of miles driven. This model can be beneficial for drivers who do not use their vehicles frequently, as it can lower their insurance costs compared to traditional flat-rate policies.
Ford
"...with many other brands. Ford's now pushing mobile repair service to customers, customers homes for light repairs."
Ford is a well-known car company that makes many types of vehicles, like trucks and cars. They are famous for their technology and services in the automotive industry.
Ford is an American multinational automaker known for producing a wide range of vehicles, including trucks, SUVs, and cars. They are also recognized for their innovations in automotive technology and services.
GM
"...we're starting to see GM"
GM stands for General Motors, a big car company that makes many different types of vehicles under different brand names.
General Motors (GM) is one of the largest automobile manufacturers in the world, producing a variety of vehicles under several brands, including Chevrolet, GMC, Buick, and Cadillac.
mobile service
"...we got to sell them a membership for mobile service, but we'll see how it goes..."
Mobile service means that car repairs and maintenance can be done right where you are, like at your home or office, instead of having to go to a garage.
Mobile service refers to automotive repair and maintenance services that are provided at the customer's location rather than at a traditional service center. This can include oil changes, tire rotations, and other routine maintenance tasks.
Bright Drop
"...I had the opportunity to see the Bright Drop van that they've outfitted for that..."
Bright Drop is a company that makes electric delivery vans and vehicles. They are part of General Motors and focus on helping businesses with their delivery needs.
Bright Drop is a subsidiary of General Motors focused on electric commercial vehicles and logistics solutions. They aim to provide sustainable delivery options for businesses.
Jiffy Lube
"...the people making inroads into our industry in terms of the Jiffy Loobs and, and, and Walmart..."
Jiffy Lube is a place where you can quickly get your car's oil changed and other basic services done. They are known for being fast and convenient.
Jiffy Lube is a chain of automotive service centers that specializes in quick oil changes and routine maintenance. They are known for their fast service and convenience.
OEMs
"...you have a lot of OEMs across all your different locations, plus you're in the RV side..."
OEM means Original Equipment Manufacturer. It's the company that makes the parts for the cars, like Ford or Toyota.
OEM stands for Original Equipment Manufacturer, which refers to companies that produce parts and equipment that may be marketed by another manufacturer. In the automotive context, it typically refers to the car manufacturers themselves.
EVs
"...But as we're seeing on the EV front, you know, I do think the administration pushed EVs a little bit too hard..."
EVs are cars that run on electricity instead of gas. They are becoming more popular as people look for cleaner ways to drive.
EVs, or electric vehicles, are cars that are powered entirely by electricity instead of gasoline or diesel. They are part of a broader push towards sustainable transportation.
Toyota RAV4
"...er. They say, oh, let me see what the price on a RAV4 is there. They call their wife. Their wife's like..."
The Toyota RAV4 is a small SUV that's great for families because it has lots of space and is very dependable. People like it because it's easy to drive and can handle different types of weather. It's often mentioned because it's a smart choice for many drivers.
The Toyota RAV4 is a compact SUV that has gained popularity for its reliability, spacious interior, and versatility, making it a favorite among families and outdoor enthusiasts. It consistently ranks high in sales due to its balance of comfort, fuel efficiency, and safety features. The RAV4 is often discussed for its practicality and value in the crowded SUV market.
new car incentives
"...let's pull the thread of vehicles escalating in price and why. So what's gone up in value and what's driving that? Is it just with the rebates being gone now, just that new car is farther out of reach? Or what does cause those EVs to go up? Yeah, that's right. And, you know,..."
New car incentives are special offers that car companies give to help sell their cars. These can include discounts or cash back to make the cars cheaper for buyers.
New car incentives are discounts or rebates offered by manufacturers or dealers to encourage the purchase of new vehicles. These incentives can significantly affect the pricing and availability of new cars in the market.
rebate
"...what changes have you made since the rebate went away? Yeah, I mean, we are definitely trying to stock more under $20,000 cars without a rebate..."
A rebate is when you get some money back after buying a car, usually as a discount from the dealer or manufacturer to encourage you to buy.
A rebate is a partial refund to someone who has paid too much money for tax, rent, or a utility. In the automotive context, it often refers to a discount offered by manufacturers or dealers to incentivize purchases.
Tesla Model Xs
"like we just talked about. And then, you know, the grandest demand is still really steady for Rivians and Model X's and cars, again, that are kind of that upper price point. They always take longer to sell, but the margins are better. And so, you know, I think the biggest change for"
The Tesla Model S is a fancy electric car that doesn't need gas. It's known for being really fast and having cool technology, like being able to drive itself a little bit. People talk about it because it's changing how we think about cars and the environment.
The Tesla Model S is a luxury all-electric sedan known for its impressive performance, long range, and advanced technology features, including Autopilot. It has significantly influenced the automotive industry by popularizing electric vehicles and pushing other manufacturers to innovate in this space. The Model S is often discussed for its role in the shift towards sustainable transportation and its impact on the luxury car market.
Model X
"...the grandest demand is still really steady for Rivians and Model X's and cars, again, that are kind of that upper price point..."
The Model X is a large electric SUV made by Tesla. It has unique doors that open upwards and is packed with technology for safety and convenience.
The Tesla Model X is an all-electric SUV known for its distinctive falcon-wing doors, spacious interior, and advanced technology features. It offers impressive performance and a long electric range.
EV
"...the fact that replacing an EV is so blasted expensive, like all the components going into it, the battery..."
EV means electric vehicle. These cars run on electricity instead of gas, and if they get damaged, fixing them can be really costly, especially the battery.
EV stands for electric vehicle, which is a car that is powered entirely or partially by electricity instead of traditional gasoline or diesel fuel. The components of EVs, particularly the battery, can be expensive to replace, impacting overall repair costs.
combustion engine
"...to total an EV versus a combustion engine, Alex..."
A combustion engine is what most cars have; it runs on gas or diesel by burning fuel to create power. This is different from electric cars that use batteries.
A combustion engine is a type of engine that generates power through the burning of fuel, typically gasoline or diesel. This is in contrast to electric vehicles, which use electric motors powered by batteries.
Honda Civic
"remember the, the 020304 Civic DX is that you could just drive forever, right? So is mileage going to be less an issue and battery life?"
The Honda Civic DX is a version of the Civic that is known for being reliable and lasting a long time. Many people like it because it doesn't cost much to keep running.
The Honda Civic DX is a variant of the popular Civic model known for its reliability and efficiency. It's often appreciated for its longevity and low maintenance costs, making it a favorite among budget-conscious drivers.
warranty
"And we have a warranty, for example, that we offer that is unique to our business, that we're able to do some testing on the battery and the..."
A warranty is a promise from the car maker that they will fix or replace parts of the car if something goes wrong within a certain time. It gives buyers peace of mind about their purchase.
A warranty is a guarantee provided by the manufacturer or seller that promises to repair or replace a product if necessary within a specified period. In automotive contexts, it often covers parts and labor for repairs.
deductible
"...it's not a $10,000 warranty with the $250 deductible. So I'm not marketing that..."
A deductible is the amount you have to pay yourself before your insurance helps with the rest. For example, if you have a $250 deductible, you pay that amount first if something goes wrong.
A deductible is the amount of money a policyholder must pay out-of-pocket before an insurance company will cover the remaining costs. In this case, it refers to the cost the owner would pay before the warranty kicks in.
autonomous vehicles
"...there are a ton of autonomous vehicles running around."
Autonomous vehicles are cars that can drive themselves without anyone inside to control them. They use special technology to navigate and make decisions on the road.
Autonomous vehicles are cars or trucks that are capable of driving themselves without human intervention, using a combination of sensors, cameras, and artificial intelligence.
Waymo
"...there are a ton of autonomous vehicles running around. So you have the Waymo, which is Jaguar, I think, and it's got the big pod sitting on top."
Waymo is a company that makes self-driving cars. They use special technology to drive without a person inside.
Waymo is a self-driving technology company and a subsidiary of Alphabet Inc. It is known for developing autonomous vehicles, including those based on the Jaguar brand.
fully autonomous FSD
"...a lot of Teslas driving around with these towers on the top. And I think that's in prep for their fully autonomous FSD."
FSD means Full Self-Driving, which is a feature in Tesla cars that allows them to drive themselves without needing a driver. It's being improved and tested.
FSD stands for Full Self-Driving, a feature offered by Tesla that aims to enable full autonomous driving capabilities without human intervention. It is still under development and testing.
Nissan Leaf
"...There's Chevy Bolts that are doing well. The new leaf that's coming out, I think is interesting..."
The Nissan Leaf is an electric car made by Nissan. It's popular for being practical and good for driving around town without using gas.
The Nissan Leaf is one of the world's best-selling electric vehicles. It is designed for everyday use, offering a practical range and features suitable for city driving.
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