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Rowley/Horowitz on Fullpath Sale, Boice on Price Consistency, Almeida on Fixed | Daily Dealer Live

Rowley/Horowitz on Fullpath Sale, Boice on Price Consistency, Almeida on Fixed | Daily Dealer Live

Car Dealership Guy Podcast Apr 27, 2026 61 min
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About this episode

Big dealership-tech news leads the show as Cox Automotive’s Steve Rowley and Fullpath’s Aaron Horowitz explain why the acquisition makes sense: stronger first-party data, AI-first CDP capabilities, and faster innovation for dealers. Team Velocity’s David Boyce then breaks down FTC pricing compliance, warning that many stores are still inconsistent across banners, SRPs, VDPs, digital retailing tools, and third-party ads. The episode closes with Colonial Ford of Plymouth GM Ron Almeida on trade appraisals, fixed ops, recall handling, mobile service, and the culture behind his store’s Super Duty success.

Technical Too Afraid to Ask
Concept

return on investment

"It doesn't do those three things then it's on the chopping block. It's in return on investment discussion."

ROI is a simple way to ask: “Did this cost end up being worth it?” If you spend money and get more customers or profit back, that’s a good ROI.

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Topic

NASCAR

"Hey, did you watch NASCAR yesterday? Yesterday, at Talladega, Carson Hosevar drove the number 77 Chevrolet DeVictory Lane in Ricky Bobby style."

NASCAR is a popular U.S. auto racing series where drivers race cars on oval tracks. In this segment, they’re just talking about a recent race result.

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Chevrolet 77 Chevrolet
Matti Blume (CC BY-SA)
Car

Chevrolet 77 Chevrolet

"...ay, at Talladega, Carson Hosevar drove the number 77 Chevrolet DeVictory Lane in Ricky Bobby style."

The Chevrolet Corvette is a sports car made by Chevrolet. It’s designed for fast driving and is often talked about in racing because it’s built to perform. If it’s mentioned in a podcast, it’s usually because it’s a well-known car in motorsports.

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Concept

Talladega

"Yesterday, at Talladega, Carson Hosevar drove the number 77 Chevrolet DeVictory Lane in Ricky Bobby style. Nobody has ever seen anything quite like this."

Talladega is a big NASCAR track where cars run very fast and race in tight groups. That’s why finishes can be extremely close.

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Company

Cox Automotive is acquiring full path

"First, maybe the biggest dealership tech announcement of the year. [132.2s] Cox Automotive is acquiring full path. [134.4s] Steve Rowley, Aaron Horowitz, they join us together today."

Cox Automotive acquiring Fullpath is a dealership-technology consolidation move that can affect how dealers manage online retailing, lead handling, and pricing/offer workflows. For listeners, the important part is how such acquisitions can change vendor roadmaps, integrations, and support for dealer operations.

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Concept

FTC Compliance Wave

"Then up today, David Boyce, CEO of Team Vlocity on the FTC Compliance Wave. [148.3s] 97 dealer groups have already received letters, as we know and have talked much about."

This is the FTC cracking down more on how companies advertise and sell cars. Dealers may need to change their listings and pricing messages so they don’t accidentally mislead shoppers.

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Company

Team Vlocity

"Then up today, David Boyce, CEO of Team Vlocity on the FTC Compliance Wave. [148.3s] 97 dealer groups have already received letters, as we know and have talked much about."

Team Vlocity is referenced as the organization David Boyce leads, and it’s tied to the discussion of FTC compliance and dealer pricing/advertising practices. In this context, it signals a software/solutions provider angle rather than a racing team or consumer brand.

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Concept

three different prices on the same car

"And David's making the case that most of us have three different prices on the same car [158.1s] on our own website right now. [160.1s] And we don't even know it."

Sometimes the same car ends up with different prices depending on where you look. The concern is shoppers don’t always know why the price changes, which can cause confusion.

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Concept

trade appraisals

"And behind that ranking, trade appraisals, big stops, retention and the culture that [180.7s] makes it all run."

A trade appraisal is what the dealer offers for your current car when you trade it in. That number can change the total price you pay for the new vehicle.

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Concept

retention

"And behind that ranking, trade appraisals, big stops, retention and the culture that [180.7s] makes it all run."

Retention in a dealership context means keeping customers coming back for service, parts, and future purchases rather than losing them after the first sale. It’s often tied to CRM follow-up, service scheduling, and customer experience consistency.

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Concept

big stops

"And behind that ranking, trade appraisals, big stops, retention and the culture that [180.7s] makes it all run."

“Big stops” sounds like a dealership’s important checkpoints during the sales process. It likely means the moments where the team needs to do the right thing to move the deal forward.

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Term

used vehicle prices jumped 2.8%

"Get this, used vehicle prices jumped 2.8% in April. That's about an $800 average increase and one of the largest monthly gains since Car Facts launched its index in 2023."

They’re saying the average price of used cars went up by about 2.8% in a month. That can make used cars cost more and can also change what dealers are willing to pay for trade-ins.

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Company

Car Facts launched its index

"That's about an $800 average increase and one of the largest monthly gains since Car Facts launched its index in 2023."

They mention a company that tracks used-car prices with an index. An index is basically a consistent scoreboard for how prices are moving over time.

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Concept

trade-in values

"The silver lining for dealers is that stronger depreciation performance is lifting trade-in values and if values hold, that improves trade-in dynamics and offers more to work with on the sourcing side."

Trade-in value is how much the dealer says your current car is worth. If used cars are getting more expensive, your trade-in often becomes worth more as well, which can help your next purchase deal.

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Concept

depreciation performance

"The silver lining for dealers is that stronger depreciation performance is lifting trade-in values and if values hold, that improves trade-in dynamics and offers more to work with on the sourcing side."

Depreciation performance describes how quickly a vehicle loses value over time. If depreciation slows (or reverses), it usually means the market is supporting higher used prices, which can raise trade-in values and reduce the risk for dealers holding inventory.

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Company

recurrence, 2026 EV market and trends report

"Next up today, some interesting data out of recurrence, 2026 EV market and trends report. Data is showing that the average EV retains 97% of its range after three years and 95% after five."

The hosts cite a “2026 EV market and trends report” from Recurrence as the source of EV range-retention data. For listeners, the key takeaway is that the numbers are coming from a specific research/reporting effort rather than a casual observation.

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Concept

average EV retains 97% of its range after three years

"Next up today, some interesting data out of recurrence, 2026 EV market and trends report. Data is showing that the average EV retains 97% of its range after three years and 95% after five."

This refers to EV range retention, meaning how much usable driving range remains after battery aging over time. Higher retention (like 97% after three years) suggests slower battery degradation than many buyers expect, which can improve long-term ownership confidence.

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Brand

Cadillac

"Back to the news, more specifically, five brands Cadillac, Ford, Hyundai, Mercedes and Rivian showed no apparent range loss over five years in the data set."

Cadillac is a luxury car brand. Here it’s mentioned because the hosts are talking about how well EV range stays consistent over the years for used EVs.

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Brand

Rivian

"Back to the news, more specifically, five brands Cadillac, Ford, Hyundai, Mercedes and Rivian showed no apparent range loss over five years in the data set."

Rivian makes electric vehicles. In this segment, it’s mentioned because the hosts are discussing whether EV range drops as cars get older.

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Brand

Hyundai

"Back to the news, more specifically, five brands Cadillac, Ford, Hyundai, Mercedes and Rivian showed no apparent range loss over five years in the data set."

Hyundai is a global automaker with a growing EV lineup. In this segment, Hyundai is referenced in the context of used EV range retention over a five-year period.

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Concept

used EV conversation

"For dealers having the used EV conversation, range retention data like this is probably worth weaving in where possible."

This is about how dealers talk to customers when selling used electric cars. The goal is to answer the common worry that the battery will make the car lose range too fast.

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Term

tariff refund story

"Now, closing out with a follow-up on the tariff refund story we covered last week... That tariff refund process is just fascinating to me."

This is about government tariff refunds—money that gets returned after tariffs are collected. The hosts are saying it probably won’t instantly make cars cheaper at the dealership, but it could change how automakers spend money on incentives.

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Term

CAPE portal

"Now that the CAPE portal, CAPE portal is live and the $166 billion refund process is underway, CDG News spoke with a partner at Arthur D. Little about what it actually means for dealers on the ground."

The “CAPE portal” sounds like the website/process where the tariff refund paperwork is handled. The hosts mention it being live so dealers understand when the money might start moving.

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Company

Arthur D. Little

"...the $166 billion refund process is underway, CDG News spoke with a partner at Arthur D. Little about what it actually means for dealers on the ground."

Arthur D. Little is a consulting company. Here, they’re quoted to help explain what the tariff refund process could mean for car dealers in real life.

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Term

incentive spending

"The more probable outcome is that OEMs use refund proceeds to increase incentive spending rather than cutting MSRPs..."

Incentive spending is money automakers put toward deals, like rebates or special financing offers. The hosts are saying that’s more likely than simply lowering the sticker price.

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Term

MSRPs

"The more probable outcome is that OEMs use refund proceeds to increase incentive spending rather than cutting MSRPs, which could modestly improve transaction dynamics..."

MSRP is the official price number on the car’s sticker. The hosts are saying automakers may not lower that sticker price right away, but they might offer discounts through incentives instead.

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Concept

used car leasing

"Patrick Block ventures, comes in and says, let's get used car leasing off the ground to address affordability."

Used car leasing means you lease a previously owned car instead of buying it. It can help affordability because your monthly payment may be lower than financing a purchase.

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Concept

EV education

"Maybe we'll do an episode on EV education and battery retention. That would be a fascinating topic. But let's go to our first topic today."

EV education just means helping people understand how electric cars work. For buyers, that usually includes things like charging and what happens to the battery over time.

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Concept

auto industry is at an inflection point

"When we looked at this, you know, we said this is an unbelievable opportunity for us because I just think the auto industry is at an inflection point. You know, I spent 30 years in technology."

An inflection point is when the industry starts changing in a big way. The hosts are saying the auto business is entering a phase where new approaches—like tech and AI—matter more than before.

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Concept

dealership-level efficiencies

"The one thing that this does is it's going to make a ton of efficiencies and probability at the dealership level."

Dealership-level efficiencies are improvements that reduce wasted time and effort inside the dealership—often by automating steps, streamlining workflows, or improving how leads and inventory are handled. The goal is typically lower operational cost and faster deal progression.

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Concept

AI origination

"The last component, which was really a big driver for us is AI. And full path is all about AI, a genetic AI... they were, they're a native AI origination and really grew the business that way."

AI origination means using software that uses AI to start the sales process. It can help find the right customers and move them through the steps faster than doing everything by hand.

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Concept

AI-first

"The great thing I love about them is their AI first. They were, they're a native AI origination and really grew the business that way."

AI-first means the company designed its system to use AI as the core of how it works. For dealerships, that usually helps automate parts of finding customers and moving deals forward.

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Company

AutoTrader

"We've worked with them around KBB, around AutoTrader and in general have felt like they really have a similar vision as we do..."

AutoTrader is a website where car dealers post listings and buyers browse cars. It’s one of the big places dealers market vehicles online.

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Company

KBB

"We've worked with them around KBB, around AutoTrader and in general have felt like they really have a similar vision as we do..."

KBB (Kelley Blue Book) is a famous site/resource that estimates what a car is worth. Dealers use it to help price cars and understand market value.

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Concept

CDP

"And then when you think about like what a CDP needs, and maybe we'll talk a bit about later what that is, if you think about a CDP and an AI first CDP and one that's looking to, you know, build these, this infrastructure for agents to help do work for dealerships, data is really critical."

A CDP is software that gathers customer information in one place. The goal is to help dealers use that information better, and in this case they’re talking about using AI to support dealership agents.

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Concept

AI engine

"...AutoTrader KBB data and the idea of being able to layer that in to our AI engine. I mean, it was just such an exciting vision of how we can impact, you know, so many dealerships."

An AI engine is the part of a system that uses smart computer models to learn from data. In this context, they’re talking about using dealership/customer data to make better decisions for marketing or sales. The goal is to help dealerships work more effectively.

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Topic

NADA 2026

"But one thing I am curious about CDPs were a buzzword at NADA 2026. Like dealers came from all over the country to Las Vegas, Nevada to try to figure it out and adoption of CDPs is not high yet."

NADA is the National Automobile Dealers Association, which hosts an annual convention where dealers and vendors discuss retail trends and technology. Mentioning NADA 2026 frames CDPs as a current industry topic that was heavily discussed at the show.

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Concept

cleansed data

"How many have have cleansed data, established a CDP, data lakes, all the things."

Cleansed data means cleaning up messy information. For example, it can remove duplicates and fix errors so the data is reliable. Dealerships do this before using the data for marketing tools or AI.

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Concept

data activation

"...if it's sitting on data that is fragmented, disjointed, duplicative, then you're going to get poor results when it comes to actually activating."

Data activation means using the information you have about customers to actually do something—like sending the right messages or automating follow-ups. If the data is messy or duplicated, those actions won’t work well.

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Term

CRM

"Every dealer knows that there's 16 records of someone in their in their CRM, their DMS and their email system..."

CRM is the dealership’s customer database system—where it tracks leads, customers, and interactions. The issue is that the same person can show up multiple times across different systems.

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Term

DMS

"Every dealer knows that there's 16 records of someone in their in their CRM, their DMS and their email system and so on..."

DMS is the main software dealers use to run day-to-day operations (like managing inventory, service, and customer-related workflows). It can also store customer info in a way that doesn’t match other systems.

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Concept

data silos

"...if it's sitting on data that is fragmented, disjointed, duplicative... then you're going to get poor results when it comes to actually activating... engage with all the different data silos that dealership has..."

Data silos are when customer information is trapped in different systems that don’t talk to each other. That makes it harder to use the data effectively for things like targeted marketing.

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Concept

machine learning

"...build a lot of logic and complex logic, including functions that can be done by AI and machine learning to pull all that data into one clean data layer..."

Machine learning is a way for software to learn from data patterns. Here, it’s referenced as helping the system clean up and connect dealership customer information so it can be used better.

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Concept

golden record

"...pull all that data into one clean data layer and then enable that clean data layer, right? That kind of golden record to be the fundamental substrate of the outbound marketing and engagement..."

A golden record is the dealership’s “one true profile” for a customer. Instead of having multiple conflicting entries, it creates one clean version that teams can trust.

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Concept

data is really the fuel

"And there, by the way, data is really the fuel, right? [840.8s] You got to have the data, organize the data and then leverage it for [845.0s] all sorts of functions."

They’re saying data is what powers the business. If you collect it and organize it, you can use it to make better decisions and run things more effectively.

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Concept

customer data platform

"It's not easy building a CDP. [876.5s] That's why you don't see a lot of them because, you know, [879.3s] Aaron's a humble guy and he's built an unbelievable team and culture."

A customer data platform is a tool that combines customer details from multiple systems into one place. Instead of building it from scratch, the discussion is about buying a solution that already exists.

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Concept

Integration

"The other thing is, is he's done these incredible, difficult things. [899.2s] Integration, he's got multiple integrations out there. [902.0s] They're really special."

Integration means getting different computer systems to “talk” to each other. For dealerships, that can help leads and customer info move correctly between tools instead of being handled manually.

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Concept

AI driven campaigns

"So it really creates this, you know, single actionable profile, AI driven campaigns for marketing, and it does more personalization and efficiencies than I've ever seen anything do."

They’re talking about using AI to help a dealership market to the right people. Instead of sending the same message to everyone, the system can tailor campaigns based on what it knows about each customer.

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Concept

single actionable profile

"So it really creates this, you know, single actionable profile, AI driven campaigns for marketing, and it does more personalization and efficiencies than I've ever seen anything do."

They’re describing a system that combines customer information into one place. That makes it easier for the dealership to know what to do next with each lead.

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Concept

acquisition

"So that really became, we've got to make an acquisition here because we've got the perfect, we've got the perfect scenario... But I will tell you that that's one of the secret ingredients we purchased."

The hosts discuss making an acquisition to capture a “perfect scenario” and preserve innovation. In dealership/auto-industry software, acquisitions often aim to add capabilities quickly, but integration can threaten agility if not managed well.

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Concept

full path coming together

"What should dealers be excited about when they think about full path coming together with Cox in this way?"

They’re talking about connecting the whole customer experience, from the first contact to the final sale. When the steps are connected, it’s easier to keep information consistent and follow up at the right time.

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Concept

customer record

"But there's a lot of really exciting potential when it comes to completing that customer record. There's a lot of really exciting potential when it comes to thinking about how to close loops around automation and engagement."

A “customer record” is basically a dealership’s complete file on a shopper. If it’s filled in correctly, the dealership can follow up better and automate parts of the process.

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Concept

automation and engagement

"There's a lot of really exciting potential when it comes to thinking about how to close loops around automation and engagement."

They mean using tools to automate the routine parts of selling, like sending messages or updating info. But the goal is still to keep customers actively involved, not just spammed.

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Concept

agents and a gentic AI in your dealership

"... how to build efficiency and use agents and a gentic AI in your dealership."

The segment mentions using “agents” and “genetic AI” (likely referring to generative AI) in a dealership. In practice, AI agents can assist with tasks like responding to inquiries, summarizing customer interactions, and helping staff execute workflows faster.

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Concept

deal is expected to close in 30 days

"The deal is expected to close in 30 days. So I know that you're very limited in what you can talk about the nature of the deal."

They’re saying the business deal should be finalized in about a month. Before that happens, the companies usually can’t share all the details yet.

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Concept

cleansing data

"We talk a lot on this show about these CDPs, data lakes, cleansing data. Dealers are engaged in this process right now."

Data cleansing is the process of correcting or removing inaccurate, duplicate, or incomplete records so analytics and marketing tools work properly. For dealerships, messy data can lead to mis-targeted campaigns, broken lead attribution, and unreliable reporting. The hosts frame it as a necessary step when building a data strategy.

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Concept

data lakes

"We talk a lot on this show about these CDPs, data lakes, cleansing data. Dealers are engaged in this process right now."

A data lake is a large storage system that holds raw data in its original form, often from many different sources. Dealers may use data lakes to centralize marketing, sales, and customer data so it can be analyzed later. In this segment, it’s mentioned alongside data cleansing as part of building a usable data strategy.

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Concept

data strategy

"Yeah, I actually don't think it has anything to do with this deal. I think that every dealer, whoever they choose, right, needs to just think about data strategy."

A data strategy is the plan for how a dealer will manage customer information and use it to make better decisions. It’s not just buying software—it’s figuring out what data you need and how you’ll keep it accurate. The point here is that dealers should focus on the plan first.

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Concept

offline to online transition

"I mean, think about that transition from offline to online. When there were dealers who did not have inventory online, they fell behind the dealers that did."

They’re talking about how car dealers used to rely on things like phone calls and ads, but now customers expect to shop on the internet. If a dealer doesn’t put inventory and prices online, they lose customers to dealers who do.

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Term

pricing online

"Those that did not have pricing online, they fell behind. So there's this moment right now that you can see in a sense manifesting in a deal like this"

It means the dealer shows prices on the internet instead of making you ask for a quote. When prices are easy to find, shoppers don’t waste time and are more likely to follow through.

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Concept

layer the AI on it

"How do I get my data house in order so that I can layer the AI on it and really activate and fly? And I hear what you're saying, but I think there is concern among dealers."

They mean using AI as an add-on that helps with dealer work, but only after the dealer’s information and systems are set up correctly. If the foundation is wrong, the AI won’t help much.

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Term

vendor solutions

"Yeah, because there are so many different vendor solutions out there. I chat GPT before coming on to today's show. There's probably 10 different providers that provide a similar strategy."

They’re talking about different companies selling software to help dealers run their business. If you pick the wrong mix, you might have to redo the setup later.

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Concept

deal closes in 30 days

"Actually, once this deal closes in 30 days, will you come back here first? And we'd love to ask you all the questions that we have left about integrations and strategy"

They’re talking about a transaction that should be finalized soon. Once it’s official, they can start planning the next steps.

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Concept

first party data

"[1354.3s] But we're one of the few folks out there with so much first party data."

First-party data is information the company collects itself from its own customers. Because it comes from direct interactions, it’s usually more accurate for marketing and sales decisions.

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Concept

garbage in, garbage out

"[1359.1s] And it's garbage in, garbage out and making sure you've got the right data."

It’s a simple idea: if the information you put in is wrong or messy, the results you get out will also be wrong. So dealerships have to clean up and verify their data before using it for decisions.

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Concept

proprietary data

"[1363.3s] And then so many dealers have their own proprietary data."

Proprietary data is data a company has that it controls and uses in its own systems. It can help performance, but it may not plug into other tools as easily unless there’s integration.

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Audi S3
Calreyn88 (CC BY-SA 4.0)
Car

Audi S3

"... Cox Automotive plus Mannheim equals Hart. Three S3 SMM says, with my previous experience across seve..."

The Audi S3 is a small hatchback made by Audi that’s tuned for quicker, more exciting driving than the regular model. It’s still meant to be practical for daily use, but it has more performance. In the podcast, it’s mentioned as a specific model within that broader topic.

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Company

Hart

"[1407.7s] Igor K comes in says Cox Automotive plus Mannheim equals Hart."

“Hart” is mentioned as part of a short comment, but the episode segment doesn’t explain what Hart is. So listeners may need to look up the reference or wait for a clearer explanation later.

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Company

Zurich

"So all right, let's talk Zurich. Today's episode is brought to you by Zurich. If you're a dealer and have ever wondered whether your profit participation program could be performing better, Zurich offers a no obligation profit participation checkup."

Zurich is an insurance company. They sponsor the show and talk about how insurance programs can affect how well dealerships do financially.

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Concept

profit participation program

"If you're a dealer and have ever wondered whether your profit participation program could be performing better, Zurich offers a no obligation profit participation checkup. It's a simple pressure free way to get a clarity on your program structure, request your profit participation, check up at ZurichNA.com forward slash checkup."

A profit participation program is an arrangement where a dealer shares in profits tied to an insurance or risk-management program’s results. The episode frames it as something that can be tuned—its structure and “levers” can change how much profitability the dealer ultimately sees.

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Concept

reinsurance

"I learned that one of the greatest strategies in reinsurance is simply involving your team, your GMs, your sales managers and others in it, seeing profitability, understanding the levers to push and pull will help defend profitability in 2026, which is huge in automotive reinsurance."

Reinsurance is insurance for insurance companies—insurers transfer part of their risk to other parties to stabilize losses. The segment frames reinsurance strategy as important for defending profitability in automotive-related insurance contexts.

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Company

Team Velocity

"Well, my name is David Boyce. I'm the CEO and the co-founder of Team Velocity. We serve about 2,500, 3,000 dealerships today and growing quite fast."

Team Velocity is a company that helps car dealerships with software/technology. The guest says it’s already used by a lot of dealerships and keeps adding more over time.

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Concept

build that technology into our platform versus buy it

"We decided to build that technology into our platform versus buy it. I think for those that have made that massive capital investment to see Cox step up to what appears to be a very large acquisition is a validation for I think the industry and not just for that one particular transaction."

This describes a strategic choice: developing technology in-house and integrating it into a platform rather than purchasing an existing solution. For dealership software, this can affect speed of iteration, customization, and long-term control of the product.

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Concept

buy versus build

"So buy versus build, that was a question that came into the chat and the comments. You decided to build, you're smaller probably, and that may be played into it."

This is basically a question of whether to get something already made or create it yourself. Buying is usually faster, while building can give you more control over how it works.

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Concept

one-stop shop platform

"And so for us, we are more of a one-stop shop type platform, and which I think will lead us into our conversation around the FTC."

A one-stop shop means dealerships can use one main system for several needs instead of juggling lots of different tools. The goal is simpler operations and better results because the pieces work together.

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Concept

capital investment

"So for us, it was just a big capital investment, I would say easily north of $100 million for us. Yeah, so he's right."

Capital investment means spending a lot of money upfront to build or improve something. They’re saying it cost over $100 million to create the technology that helps dealerships.

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Concept

plug right in

"I think full path is more of a not a one stop shop, but I think you could just plug right in and have a CDP."

They’re saying the software can be added quickly with less hassle. The idea is you don’t have to spend months setting everything up before it starts working.

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Company

Apollo

"if you do business with team velocity, you get a CDP called Apollo. It's just part of it."

Apollo is the name of the customer data platform they say you can get through Team Velocity. It’s presented like a ready-to-use option rather than something you have to build over many months.

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Concept

take six months or eight months

"And not have to go through like take six months or eight months and put a whole bunch of capital of their own capital into it."

They’re comparing a fast setup to a slow, expensive project. The point is that some solutions can be implemented in months instead of taking half a year or more.

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Term

97-dealer groups got letters

"It's been something we've talked a lot about on this show. 97-dealer groups got letters."

The FTC (or related regulators) sent letters to many dealership groups. That’s a sign they want companies to double-check their practices to avoid problems.

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Term

NADA webinar

"We listened to the NADA webinar. We added dock fee to all of our online advertised price, including our website."

NADA is an organization for car dealers. Their webinars are training sessions that help dealers learn what they’re allowed to say and how to advertise prices correctly.

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Term

dock fee

"We added dock fee to all of our online advertised price, including our website. It's now part of the advertised price... At this point, I think everybody knows it's probably you have to include it and or display it."

A dock fee is an extra charge dealers add for moving the car to the dealership. The big point here is whether dealers show it in the price they advertise online or clearly tell you about it.

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Concept

price consistency / online advertising compliance

"But what the FTC... was really going after is, whatever you're advertising the car for, you need to sell it for... you can go to a dealer's website... and then you look at the banner on the homepage and you're like, that's not compliant."

This is about making sure the price you see online is the price you’ll actually end up paying. It’s not enough to fix just one page—dealers have to make sure the whole website (like banners and listings) matches the real deal.

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Term

VDP

"So most of your websites we go to today have a nice SRP, nice VDP. They're both disclosed."

VDP is the page on a dealer’s site where you see details about a specific car. They’re saying some dealers do the right thing on that page, but still get it wrong on other parts of the website.

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Concept

digital retailing tool

"And then you go to the digital retailing tool and it's oftentimes different. It's presented different. The disclosures are different. The pricing is a little different."

A digital retailing tool is the website software that helps you build an offer—often showing prices and monthly payments. Here, the hosts are saying the online offer can look different depending on where the customer started (banner vs the tool).

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Concept

disclosures

"It's presented different. The disclosures are different. The pricing is a little different."

Disclosures are the fine print that explains how the price/payment was calculated and what conditions apply. If the fine print changes between pages, it can make the deal feel inconsistent.

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Concept

vehicle listing ads

"On the same website, forget vehicle listing ads, which now have payments included in them. Forget Google ads."

Vehicle listing ads are the online ads that show a specific car for sale, sometimes with a monthly payment estimate. The concern is that the ad’s info may not match the final pricing/offer the customer gets.

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Concept

connected platform

"We saw, now we solve that through a connected platform. So with our dealers, when we change the website and the price of the website and the disclosures, it changes it everywhere instantly."

A connected platform is like one system that updates everything at once. So when you change a car’s price on your website, it automatically updates the other places customers can see it.

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Company

Dockv

"So a useful cell phone, even above and beyond Dockv, which by the way, we have talked a lot about it..."

Dockv sounds like a software tool dealers use for their online setup. The hosts are saying there’s an even bigger change needed beyond that tool to keep pricing/disclosures consistent.

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Concept

audit of where pricing shows up

"...you've really got to do a kind of an audit or a self-check of all the different places where your pricing shows up, including salespeople advertisements on Facebook and elsewhere."

They’re saying you should check every channel where you advertise cars to make sure the price is the same. Don’t just update your website—also check ads and other pages customers see.

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Concept

multiple vendors feeding dealer website pricing

"So oftentimes, there are seven or eight vendors just involved in the dealer's website... And there's another seven or eight over there."

They’re saying dealer websites aren’t always one simple system—there can be several outside companies involved. If those systems don’t all match, the price you see online might not line up with what you hear in the store.

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Concept

price consistency across mediums

"we need to sell the cars, what we're advertising them for, we should check that we're consistently advertising the vehicles at the same price across all the different mediums we advertise it... When the customers come in, they're just less friction."

They’re talking about keeping the price the same everywhere—online ads, the dealer website, and the listing pages. When the price matches, customers feel less confused and are more likely to move forward.

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Concept

customer screenshots reduce friction

"When the customers come in, they're just less friction... And customers have screenshots. I saw this screenshot."

They’re saying customers often show up with screenshots of the price they saw online. If the dealer matches it, the whole process feels smoother and less like a surprise.

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Concept

centralized control

"You need someone who's centralized who's saying, don't touch. We are compliant. We fix this area of the site."

Centralized control means one team or person manages updates, rather than everyone making changes. That helps keep the information consistent and correct.

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Term

clear and conspicuous

"They have to look the same way. They have to be clear and conspicuous."

“Clear and conspicuous” means the important fine print should be easy to see and read. If it’s hidden or hard to notice, it can cause compliance problems.

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Concept

compliance-minded

"this is the person who needs to provide you some approval. And I think dealers are going to have to start to have kind of a, I'm not going to say a compliance manager, but somebody who's compliance-minded that owns that process."

“Compliance-minded” means someone is focused on doing things the right way and following the rules. In a dealership, that can include making sure pricing and approvals are handled correctly.

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Concept

pop-up deal

"You talk about the pop-up deal, right? You mentioned the pop-up being treated as a second price. That one surprises people. Can you explain the FTC's thinking on that?"

A “pop-up deal” is an offer that shows up after you fill out info or click through. The FTC is worried that the price can change in a way that feels sneaky or unclear.

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Concept

second price

"You mentioned the pop-up being treated as a second price. That one surprises people. Can you explain the FTC's thinking on that?"

A “second price” means the deal you see first isn’t the final number. Then, after you do something (like enter info), a new price shows up that should be treated as its own offer.

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Concept

FTC's thinking

"That one surprises people. Can you explain the FTC's thinking on that? I don't know how it's going to work."

The FTC is a U.S. agency that looks at whether pricing and ads are fair and clear. Here, they’re concerned that if the price changes after you interact with a deal, it may need to be treated as a different price and explained properly.

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Term

pop-up price

"I was just that pop-up price. I just lost my... The pop-up price, the FTC treats that as a second offer, a second price."

A pop-up price is a lower price that appears in a box or overlay on the screen, instead of being shown on the main price display. The concern is whether that lower price is real and applies everywhere you look.

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