{"version":"1.0.0","episode":{"title":"Oct. 3, 2025 | Tesla sets sales record; Cox Automotive’s Andy Mayers","url":"http://getcarcurious.com/episodes/oct-3-2025-tesla-sets-sales-record-cox-automotive-s-andy-mayers","audioUrl":"https://dts.podtrac.com/redirect.mp3/www.buzzsprout.com/2447022/episodes/17952688-oct-3-2025-tesla-sets-sales-record-cox-automotive-s-andy-mayers.mp3","description":"Tesla sets a sales record in the third quarter as consumers rushed to snap up federal electric vehicle tax credits before their Sept. 30 expiration. Most EV defectors say they would reconsider with a $5,000 incentive. Plus, Andy Mayers, lender solutions strategist at Cox Automotive, talks about opportunities for lenders in the subprime market."},"annotations":[{"startTime":52.0,"endTime":57.0,"type":"term","title":"subprime lending","url":"/glossary/subprime-lending","quote":"...We have seen subprime lending continue to grow, and I think that the lenders are really doing an amazing job at pricing their loans...","canonicalId":"term:subprime-lending","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Subprime lending refers to loans offered to borrowers with lower credit scores, who are considered higher risk. These loans often come with higher interest rates to compensate for the increased risk.","simplifiedExplanation":"Subprime lending is when banks give loans to people who might not have the best credit scores. Because these borrowers are seen as risky, the loans usually have higher interest rates."}},{"startTime":77.0,"endTime":92.0,"type":"car","title":"Tesla Model 3","url":"/cars/tesla/model-3","image":"https://upload.wikimedia.org/wikipedia/commons/9/97/Tesla_Model_3%2C_EMS_2024%2C_Essen_%28P1032260%29.jpg","quote":"...ajority of sales came from its volume models, the Model 3 sedan, and Model Y crossover. Nearly a third of c...","canonicalId":"car:tesla:model-3","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"Matti Blume (CC BY-SA)"}},{"startTime":77.0,"endTime":92.0,"type":"car","title":"Tesla Model Y","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":"...the vast majority of sales came from its volume models, the Model 3 sedan, and Model Y crossover.","canonicalId":"car:tesla:model-y","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Tesla Model Y is a compact electric SUV that shares many components with the Model 3. It offers more space and versatility, appealing to families and those needing extra cargo capacity.","simplifiedExplanation":"The Model Y is another electric car from Tesla, but it's a bit bigger than the Model 3. It's designed like an SUV, which means it has more room inside.","imageAttribution":"Alexander Migl (CC BY-SA 4.0)"}},{"startTime":77.0,"endTime":82.0,"type":"term","title":"EV tax credit","url":"/glossary/ev-tax-credit","quote":"...U.S. buyers rushed to get the federal EV tax credit that expired at the end of last month. The automaker said the vast majority of sales came from its volume models, the Model 3 sedan, and Model Y crossover.","canonicalId":"term:ev-tax-credit","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The EV tax credit is a financial incentive provided by the government to encourage the purchase of electric vehicles. It reduces the amount of tax owed, making EVs more affordable for buyers.","simplifiedExplanation":"An EV tax credit is money the government gives back to people who buy electric cars. It helps lower the cost of buying these cars."}},{"startTime":157.0,"endTime":162.0,"type":"term","title":"affordability crisis","url":"/glossary/affordability-crisis","quote":"...the growth in those steep payments is a symptom of an affordability crisis plaguing the auto retail industry in recent years.","canonicalId":"term:affordability-crisis","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"An affordability crisis in the auto industry refers to the increasing difficulty for consumers to afford new vehicles due to rising prices and loan payments, often leading to financial strain.","simplifiedExplanation":"An affordability crisis means that many people are finding it hard to buy new cars because prices are getting too high and monthly payments are too much for their budgets."}},{"startTime":243.0,"endTime":243.0,"type":"term","title":"incentives","url":"/glossary/incentives","quote":"I think it's a flex by tax. I think they really pulled out all the stops with incentives and financing and lease deals and free supercharging...","canonicalId":"term:incentives","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Incentives in the automotive industry refer to discounts, rebates, or special financing offers provided by manufacturers or dealers to encourage consumers to purchase vehicles. These can include cash rebates, low-interest financing, or additional features at no extra cost.","simplifiedExplanation":"Incentives are special offers or discounts that car companies give to help sell more cars. They can make buying a car cheaper or add extra features for free."}},{"startTime":255.0,"endTime":255.0,"type":"term","title":"price parity","url":"/glossary/price-parity","quote":"How much did price parity have to do with any of this?","canonicalId":"term:price-parity","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Price parity refers to a situation where the prices of electric vehicles are comparable to those of traditional gasoline-powered vehicles. Achieving price parity is crucial for increasing the adoption of electric vehicles among consumers.","simplifiedExplanation":"Price parity means that electric cars cost about the same as regular cars. This is important because it helps more people decide to buy electric cars."}},{"startTime":314.0,"endTime":326.0,"type":"car","title":"Rivian R1S","url":"/cars/rivian/r1s","image":"https://upload.wikimedia.org/wikipedia/commons/0/08/Debut_of_the_Rivian_R1S_SUV_at_the_2018_Los_Angeles_Auto_Show%2C_November_27%2C_2018.jpg","quote":"They got to pick up and they have an SUV, great cars. They haven't been selling well. They're very expensive.","canonicalId":"car:rivian:r1s","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Rivian R1S is an all-electric SUV designed for both on-road and off-road performance. It features a spacious interior and advanced technology, catering to adventure seekers and families alike.","simplifiedExplanation":"The Rivian R1S is an electric SUV that can handle both city driving and off-road adventures. It has a lot of space inside and comes with cool tech features.","imageAttribution":"Richard Truesdell (CC BY-SA 4.0)"}},{"startTime":386.0,"endTime":398.0,"type":"term","title":"midsize crossover","url":"/glossary/mid-size-crossover","quote":"...until they get their R2 going, which is a midsize crossover.","canonicalId":"term:mid-size-crossover","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A midsize crossover is a type of vehicle that combines features of cars and SUVs, offering a balance of space, comfort, and driving dynamics. They typically have higher seating positions and more cargo space than sedans.","simplifiedExplanation":"A midsize crossover is a vehicle that is bigger than a regular car but smaller than a full-size SUV. It usually has more room for passengers and cargo, making it a popular choice for families."}},{"startTime":679.0,"endTime":684.0,"type":"term","title":"auto financing","url":"/glossary/auto-financing","quote":"...the auto financing is strong. I think the affordability is a legitimate challenge.","canonicalId":"term:auto-financing","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Auto financing refers to the various methods consumers use to pay for a vehicle, typically involving loans or leases. Strong auto financing indicates that lenders are willing to provide loans to consumers, which can stimulate vehicle sales.","simplifiedExplanation":"Auto financing is how people pay for cars, usually through loans or leases. When it's strong, it means banks and lenders are giving out more loans to help people buy cars."}},{"startTime":687.0,"endTime":692.0,"type":"term","title":"average price of a new vehicle","url":"/glossary/average-price-of-a-new-vehicle","quote":"...the average price of a new vehicle being close to $48,000 or $49,000, there's not including service costs, insurance costs, and things like that.","canonicalId":"term:average-price-of-a-new-vehicle","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The average price of a new vehicle refers to the typical cost consumers pay for a new car, which can vary based on make, model, and features. In this context, it's noted to be around $48,000 to $49,000, highlighting the increasing cost of new cars.","simplifiedExplanation":"The average price of a new vehicle is how much most people pay when they buy a new car. Right now, it's about $48,000 to $49,000, which shows that cars are getting more expensive."}},{"startTime":701.0,"endTime":706.0,"type":"term","title":"extended terms","url":"/glossary/extended-terms","quote":"...what we're seeing in the auto finance space is that some of our lenders are taking on that risk by taking on extended terms.","canonicalId":"term:extended-terms","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Extended terms in auto financing refer to longer loan or lease durations, which can make monthly payments more affordable but may lead to paying more interest over time. Lenders may offer these to help consumers manage higher vehicle prices.","simplifiedExplanation":"Extended terms mean that when you borrow money to buy a car, you can pay it back over a longer time. This can make your monthly payments smaller, but you might end up paying more in interest."}}],"speakers":[{"id":"s1","name":"Automotive News","role":"host"}],"transcripts":[{"url":"http://getcarcurious.com/episodes/oct-3-2025-tesla-sets-sales-record-cox-automotive-s-andy-mayers/transcript.vtt","type":"text/vtt"}]}