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Simons, Ellis, and Toothman on Used Car Acquisition | Daily Dealer Live

Simons, Ellis, and Toothman on Used Car Acquisition | Daily Dealer Live

Car Dealership Guy Podcast Feb 11, 2026 61 min
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About this episode

Used car acquisition strategies take center stage as industry experts discuss the evolving market dynamics. Dealer principal Scott Simons shares insights on reshaping dealership operations around smarter inventory management, emphasizing the importance of acquisition over retail sales. The episode features discussions on the impact of recent industry trends, including supply constraints from manufacturers like GM, and innovative approaches to sourcing vehicles. With insights from tech founders and successful dealers, listeners gain valuable perspectives on navigating the competitive used car landscape.

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Technical Too Afraid to Ask
Brand

BYD

"First up today, Chinese automaker BYD is suing the U.S. government over its tariff policy, even though the company doesn't even sell passenger cars in America."

BYD is a car company from China that makes electric cars and batteries. They are not selling their cars in the United States right now.

Term

incentives

"Next up in the news today, new vehicle prices climbed again in January, hitting a record for the month as incentives..."

Incentives are special offers or discounts that car companies give to help sell more cars. They can make buying a car cheaper.

Term

average transaction price

"Next up in the news today, new vehicle prices climbed again in January, hitting a record for the month as incentives..."

The average transaction price is how much people usually pay for new cars. It includes any deals or discounts they might get.

Term

MSRP

"While the average MSRP rose to $51,288. At the same time, incentive spending slipped to 6.5% of ATP."

MSRP is the price that car makers suggest you should pay for a new car. It's like a starting point for how much a car costs.

Term

full-size pickups

"while full-size pickups topped $70,000 for the fifth straight month with more than $150,000 sold in January alone."

Full-size pickups are big trucks that can carry a lot of stuff and are often used for work or towing. They have more space than smaller trucks.

Term

entry-level vehicles

"Meanwhile, true entry-level vehicles remained scarce."

Entry-level vehicles are basic cars that are cheaper and good for people buying their first car. They usually have fewer fancy features.

Car

Toyota Prius

"First up, Toyota is recalling 141,000 Prius and Prius Prime vehicles from model years 23 to 26 over rear doors that could unexpectedly pop open due to faulty seats."

The Toyota Prius is a car that uses both gasoline and electricity to run, making it very efficient on fuel. It's well-known for being good for the environment.

Car

Toyota Prius Prime

"First up, Toyota is recalling 141,000 Prius and Prius Prime vehicles from model years 23 to 26 over rear doors that could unexpectedly pop open due to faulty seats."

The Toyota Prius Prime is a special version of the Prius that can run on electricity alone for a while before using gasoline. This makes it even more efficient for short trips.

Company

Valeo

"...equipped with starters made by supplier Valeo."

Valeo is a company that makes parts for cars, like starters that help the engine start. Many car brands use their parts in their vehicles.

Car

Toyota Supra

"...the Toyota Supra, which shares the BMW's engine. And Stellantis, parent company to Jeep and Ram,..."

The Toyota Supra is a popular sports car known for being fast and fun to drive. It uses a similar engine to some BMW cars, which makes it even more exciting for car fans.

Brand

BMW

"The issue affects 10 BMW models, plus the Toyota Supra,..."

BMW is a famous car brand from Germany that makes luxury and sporty cars. They are known for their quality and performance.

Company

Stellantis

"And Stellantis, parent company to Jeep and Ram, is recalling over 450,000 pickup trucks..."

Stellantis is a big company that makes cars. It owns brands like Jeep and Ram, which are popular in the United States.

Term

trailer tow modules

"...because of defective trailer tow modules. To see more recall alerts,..."

Trailer tow modules are parts in a vehicle that help manage the lights and brakes of a trailer when it's being towed. If they don't work right, it can be dangerous when towing something.

Brand

Nissan

"I was offered a Nissan CDJR Ford Volkswagen."

Nissan is a car company from Japan that makes many types of vehicles, including electric cars.

Brand

GMC

"And I picked Chevrolet and I picked GMC."

GMC is a brand that makes trucks and SUVs, often seen as more rugged and premium compared to other brands.

Brand

Kia

"they'll say Toyota 1, Honda 2, Subaru 3, Kia 4."

Kia is a car company from South Korea that makes affordable and stylish cars, often with good warranties.

Brand

Subaru

"they'll say Toyota 1, Honda 2, Subaru 3, Kia 4."

Subaru is a car brand from Japan known for making vehicles that can handle rough terrain, often with all-wheel drive.

Brand

CDJR

"...But I got to see CDJR."

CDJR is a group of car brands that includes Chrysler, Dodge, Jeep, and Ram, known for making different types of vehicles like cars and trucks.

Car

Ford Escape

"...They just stopped the Escape."

The Ford Escape is a small SUV made by Ford, designed for people who need a vehicle that can handle both city driving and some off-road conditions.

Car

Chevrolet Silverado

"... And then I was able to grab an allocation of 100 Silverados, which I'm getting a lot of messages like,"

The Chevrolet Silverado is a big truck that people use for carrying heavy loads and towing things like trailers. It's popular because it's tough and can be used for both work and everyday driving.

Term

upfitter

"with the upfitter and limited the amount of accessories... I committed to and then committed to a big pool of trucks."

An upfitter is someone who makes changes to a vehicle to add special features or equipment. This is often done for work trucks to make them more useful for specific jobs.

Term

inventory production

"That's a strategic smart decision by GM to control inventory production to help dealers be more profitable..."

Inventory production is about how many cars are made and kept for sale. Managing this well helps car dealers make more money by not having too many or too few cars.

Car

Honda Crv

"...when you traded in that 2014 CRV with 40,000 miles, I want you to imagine 40 people posting it on their feeds."

The Honda CR-V is a popular SUV that is known for being reliable and having a lot of space inside. The 2014 version is a good choice for families because it has many safety features and is easy to drive.

Car

Ford F150

"...that 2021 F-150 sells really well in this market. So then we communicate that information with the buyers..."

The Ford F-150 is a large truck that many people use for work and everyday driving. The 2021 version has new features and different engine choices, which makes it a favorite for many buyers.

Car

Tesla Semi

"Well, you got to let us know if you got the semi truck. It'll be fascinating."

The Tesla Semi is a big electric truck that companies can use to transport goods. It's special because it doesn't use gas and is designed to save money on fuel and be better for the environment.

Car

Honda Accord

"...Nissan, and Ferrari stores selling the same Honda Accord in your market. You're not going to get good repr..."

The Honda Accord is a family car that's known for being dependable and good on gas. It's roomy inside, which makes it comfortable for driving around town or on long trips.

Term

VIN

"And when you put in the VIN and our agile vehicle analysis tool,..."

A VIN is like a car's ID number. It helps you find out important details about the car, like who made it and when.

Term

front gross average

"...you will not get to your front gross average if you buy this car over and over again."

Front gross average is how much money a car dealership usually makes when they sell a car, before paying for things like rent and salaries. It's a way to measure how well they're doing.

Term

propensity to finance

"...we can tell you the propensity to finance. You can count on 90% of the time..."

Propensity to finance means how likely people are to borrow money to buy a car instead of paying for it all at once. It's useful for dealerships to know this when selling cars.

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