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Lessons From A Life In Car Sales

Lessons From A Life In Car Sales

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About this episode

Randy Press Grove shares insights from his 47-year career in car sales, discussing his book 'This Car Sucks,' which chronicles humorous and cautionary tales from the automotive industry. He highlights notable product failures, including the infamous Mazda MX-3, and emphasizes the importance of customer research before purchasing a vehicle. The conversation also touches on the evolving dealership landscape, the impact of online shopping, and the challenges dealers face with modern showroom requirements. With anecdotes and industry wisdom, Randy provides a unique insider perspective on the automotive sales world.

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Technical Too Afraid to Ask
Company

Kia

"...I was with Chrysler the first time they went broke and have done some successive tours, mostly in sales and dealer development with Mazda, Toyota, both here in Saudi Arabia, Kia, Hyundai, Volkswagen, Audi and Porsche."

Kia is a car company from South Korea that makes cars that are usually affordable and dependable. They have been getting more popular for their stylish designs.

Company

Audi

"...I was with Chrysler the first time they went broke and have done some successive tours, mostly in sales and dealer development with Mazda, Toyota, both here in Saudi Arabia, Kia, Hyundai, Volkswagen, Audi and Porsche."

Audi is a luxury car company from Germany that makes high-performance cars. They are part of the Volkswagen Group and focus on combining luxury with sporty features.

Company

Chrysler

"...I was with Chrysler the first time they went broke and have done some successive tours, mostly in sales and dealer development with Mazda, Toyota, both here in Saudi Arabia, Kia, Hyundai, Volkswagen, Audi and Porsche."

Chrysler is a car company from the United States that makes different types of vehicles, like cars and SUVs. They have been around for a long time and have changed ownership a few times.

Company

Hyundai

"...I was with Chrysler the first time they went broke and have done some successive tours, mostly in sales and dealer development with Mazda, Toyota, both here in Saudi Arabia, Kia, Hyundai, Volkswagen, Audi and Porsche."

Hyundai is another car company from South Korea that makes many different types of cars, including small cars and SUVs. They have improved a lot in quality and technology.

Company

Volkswagen

"...I was with Chrysler the first time they went broke and have done some successive tours, mostly in sales and dealer development with Mazda, Toyota, both here in Saudi Arabia, Kia, Hyundai, Volkswagen, Audi and Porsche."

Volkswagen is a car company from Germany that is famous for making popular cars like the Beetle and the Golf. They are known for their quality engineering.

Company

Mazda

"...I was with Chrysler the first time they went broke and have done some successive tours, mostly in sales and dealer development with Mazda, Toyota, both here in Saudi Arabia, Kia, Hyundai, Volkswagen, Audi and Porsche."

Mazda is a car company from Japan that makes cars known for being fun to drive. One of their popular models is the MX-5 Miata, which is a small sports car.

Company

Porsche

"...I was with Chrysler the first time they went broke and have done some successive tours, mostly in sales and dealer development with Mazda, Toyota, both here in Saudi Arabia, Kia, Hyundai, Volkswagen, Audi and Porsche."

Porsche is a famous car company from Germany that is known for making high-performance sports cars like the 911. They are associated with luxury and speed.

Company

Toyota

"...I was with Chrysler the first time they went broke and have done some successive tours, mostly in sales and dealer development with Mazda, Toyota, both here in Saudi Arabia, Kia, Hyundai, Volkswagen, Audi and Porsche."

Toyota is a very big car company from Japan that makes cars known for being reliable and good on gas. They created the Prius, which is a popular hybrid car.

Car

Mazda X3

"...obviously, you've had lots of cars that sucked for many reasons. And do you have a favorite? I think with the, if you want to term it this way, one of the suckiest was in the early 1990s when Mazda came out with what they call the quintessential youth market sport coupe called the Mazda X3."

The Mazda X3 is a car that Mazda created in the early 1990s, targeting young people who wanted a sporty coupe. It was part of their strategy to appeal to the youth market.

Car

Mazda MX-3

"...in the case of the MX-3 exactly what they were thinking, but obviously it didn't work. But you know, there have been several others over the years..."

The Mazda MX-3 is a small car that was made in the early 1990s. It was designed to be sporty and fun, but many people didn't like its looks or colors, which made it hard to sell.

Car

Chevy Chevette

"...the Chevy Chevette, although I did like the commercials back in the day, they all teach better business lessons than they do successes."

The Chevy Chevette was a small, inexpensive car made by Chevrolet in the late 1970s and early 1980s. It was popular for being cheap, but many people didn't think it was a great car.

Company

Ford

"...the car was actually well designed, just had the unfortunate circumstance of being introduced in the middle of one of the worst post war recessions..."

Ford is a car company that makes many different types of vehicles. It was started by Henry Ford a long time ago and is famous for how it built cars on assembly lines.

Car

Edsel

"...the car was actually named after Henry Ford's father. It was quickly scrapped by the Ford finance staff to colossal $250 million or Hickey..."

The Edsel was a car made by Ford that didn't sell well and is often remembered as a failure. It was named after Henry Ford's son, Edsel Ford.

Brand

Buick

"...this is just a plan, but it's across that particular car make, Chevrolet or the Buick, it's all redone and the dealerships get upgraded."

Buick is a car brand that makes more upscale vehicles, often considered a step up from regular cars.

Term

lost leader

"...Are there still lost leaders? Yes, there are."

A lost leader is when a store sells something for less than it costs to get people to come in and buy other things that are priced normally.

Term

average price

"...at the average price of about 50,000 per car, like Don was talking about several minutes ago..."

The average price is what most cars cost when you look at all the cars sold together. It helps you understand how much you might need to spend.

Car

Chrysler Newport

"In 1979, first new car I sold was actually a 77 Chrysler Newport, and I think I sold it for $5,800. The average price of a car these days is about 10 times that."

The Chrysler Newport is a large car that was made a long time ago. It was popular for being comfortable and spacious, and people often remember it fondly.

Car

Chevrolet truck

"I had a joy, just an absolute joy when you flashed up that Biscayne and that three-quarter ton Chevrolet truck. Those are the things that really light my candle and that of a lot of other people as well."

Chevrolet trucks are strong vehicles made for carrying heavy loads. They are often used for work and are known for being reliable.

Car

Chevrolet Biscayne

"Let me tell you, the allure of programs like yours is to see these cars when you flash them up. I had a joy, just an absolute joy when you flashed up that Biscayne and that three-quarter ton Chevrolet truck."

The Chevrolet Biscayne is an older model car that was made for many years. It was a practical choice for families and was often used by businesses.

Car

Plymouth Gtx

"One of the neatest commercials I remember for a series on the Belvedere, the Plymouth GTX was,"

The Plymouth GTX is a classic American muscle car that was made in the late 1960s and early 1970s. It was known for being fast and having a cool design, which made it a favorite among car lovers.

Concept

muscle cars

"There were pretty cool cars and that was just before the onset of the Plymouth and Dodge muscle cars of the late 60s and early 70s."

Muscle cars are powerful cars that are built for speed and performance, mostly made in America during the 1960s and 1970s. They are known for their strong engines and sporty designs.

Brand

Oldsmobile

"Interestingly enough, five years before Oldsmobile disappeared, Oldsmobile was still selling a million cars a year in the United States. It just shows you how much the business has changed in the great recession of 2008, for example."

Oldsmobile was a very old car brand in America that made cars for over a century but stopped making them in 2004 due to low sales.

Concept

great recession

"It just shows you how much the business has changed in the great recession of 2008, for example. General Motors has shed four or five different name plates that never to come back again."

The Great Recession was a big economic crisis that happened from 2007 to 2009, causing many businesses, including car companies, to struggle and change a lot.

Concept

market share

"GM has gone from a 60% market share to the point where imports dominate the market right now between the Japanese, the Koreans, and to a lesser extent some of the European brands as well."

Market share is how much of the car sales in a market belong to a specific company. For example, if GM sells 60 out of every 100 cars, it has a 60% market share.

Term

sale price

"The sale price will give you an extra $5,000 and discount the actual price of the truck, say for instance, by $10,000."

The sale price is how much you end up paying for a car after any discounts or deals are applied. It's the final price you agree on when buying the car.

Car

Dodge Power Wagon

"...g everybody that we're going to talk about Jeff's power wagons. No, that's not what we're going to talk about."

The Dodge Power Wagon is a tough pickup truck that can handle rough roads and heavy loads. It was first made for the military, but now it's popular with people who like to go off-roading or need a strong truck for work.

Brand

Ferrari

"Famous car brands, most people know Ferrari, supercars, Honda for reliability, but car companies don't always stay in their lane over the decades."

Ferrari is a famous car brand from Italy that makes fast and expensive sports cars. They're well-known for racing and have a strong reputation for quality.

Car

Honda Civic

"...st people still associated Honda exclusively with civics and accords. The jet features engines mounted ab..."

The Honda Civic is a small car that many people love because it's dependable and gets good gas mileage. It's been around for a long time, and lots of people choose it for everyday driving because it's easy to handle and affordable.

Car

Honda Accord

"...till associated Honda exclusively with civics and accords. The jet features engines mounted above the wing..."

The Honda Accord is a larger car compared to the Civic, and it's great for families because it has a lot of space inside. It's known for being reliable and comfortable to drive, which is why many people like to use it for their daily commutes or road trips.

Car

Bugatti Veyron

"The furniture serves as garage art for those people that already have a Veyron in their garage. I'll take the Veyron, thank you."

The Bugatti Veyron is a very fast and expensive car. It's famous for being one of the quickest cars you can buy, and it has a powerful engine that makes it stand out among luxury vehicles.

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