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Stellantis, Ford, Hyundai and Kia Ripped You Off THE MOST | Episode 1057

Stellantis, Ford, Hyundai and Kia Ripped You Off THE MOST | Episode 1057

CarEdge Live Apr 23, 2026 27 min
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About this episode

Ray and Zach break down which automakers “ripped you off” most by comparing average transaction prices from 2015 to 2025 against inflation and wage growth. Stellantis (Fiat/Chrysler/Dodge/Jeep/Ram) leads with the biggest jump (+60.1%), followed by Ford (+57.7%) and Hyundai/Kia (+55.8%). The hosts argue the real issue is shrinking affordable trims—many sub-$20k models were discontinued—while record sales still roll in. They also connect Stellantis’ pricing push to weak EV demand and even note Carvana expanding into CDJR dealerships.

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Car

Toyota Grand Highlander

"Dear crew, it's Toyota with an adult-sized third row. Everyone's welcome in the Grand Highlander from sports fans to eco buffs and movie fans."

The Toyota Grand Highlander is a bigger Toyota SUV with three rows of seats. It’s meant for families or anyone who needs more room for passengers.

Car

Toyota Sienna

"Seen back in the Sienna with an available rear seat entertainment system. Slip into the RAV4 with available all-wheel drive and let's go."

The Toyota Sienna is a minivan, usually chosen by families. Here they’re talking about features for passengers in the back seats, like entertainment for kids.

Term

all-wheel drive

"Seen back in the Sienna with an available rear seat entertainment system. Slip into the RAV4 with available all-wheel drive and let's go."

All-wheel drive means the car can send power to multiple wheels. That usually helps it stick to the road better when it’s slippery.

Brand

Ford

"Today, we're going to be talking about Stalantis, Ford, Hyundai and Kia and they have ripped you off the most folks. We have data and notes and receipts and holy cow, can't wait to dig into it."

Ford is a major car brand. The hosts are comparing brands to see which ones increased prices the most over the past decade.

Brand

Hyundai

"Today, we're going to be talking about Stalantis, Ford, Hyundai and Kia and they have ripped you off the most folks. We have data and notes and receipts and holy cow, can't wait to dig into it."

Hyundai is a car brand. The episode is using data to compare how much different brands’ prices went up over time.

Brand

Kia

"Today, we're going to be talking about Stalantis, Ford, Hyundai and Kia and they have ripped you off the most folks. We have data and notes and receipts and holy cow, can't wait to dig into it."

Kia is a car brand. The hosts are comparing brands to see which ones increased prices the most over the past decade.

Brand

Stalantis

"Today, we're going to be talking about Stalantis, Ford, Hyundai and Kia and they have ripped you off the most folks. We have data and notes and receipts and holy cow, can't wait to dig into it."

They mean Stellantis, a big car company that makes several brands. The episode is about which companies raised prices the most.

Company

CarEdge.com

"a friendly reminder, today's show is brought to you by CarEdge.com. Thank you to everyone who has helped us build our business, CarEdge.com, where we help you save $2,487 or more on your next car."

CarEdge.com is a website that helps you shop for cars and look for better deals. They’re promoting their tools and saying they help people save money.

Concept

negotiability

"we added MapView on the CarEdge car search so you can find states where you have the most negotiability for vehicles. Shocker, you want a Ford Bronco Sport? It's negotiable everywhere in the United States."

Negotiability means how much you might be able to talk the price down. The episode suggests some areas make it easier to get a better deal than others.

Concept

MapView

"we added MapView on the CarEdge car search so you can find states where you have the most negotiability for vehicles. Shocker, you want a Ford Bronco Sport? It's negotiable everywhere in the United States. Let's change this around really quickly and now let's look at, you know"

MapView is a map-based tool that helps you see where car deals might be better. They use it to point you toward states where the inventory situation could help you negotiate.

Car

Ford Bronco Sport

"Shocker, you want a Ford Bronco Sport? It's negotiable everywhere in the United States. Let's change this around really quickly and now let's look at, you know"

They mention the Ford Bronco Sport as an example of a car you may be able to negotiate on. The point is that where you shop can change how much you can bargain.

Car

Mazda Cx30

"You drive a Mazda CX-30, so we're going to look at the Mazda CX-30. Wait for it, MapView, drumroll please. Don't buy one in North Dakota. They're selling fast."

They’re using the Mazda CX-30 to show that car deals aren’t the same everywhere. Some states have more inventory or faster sales, which can affect what you pay.

Concept

price increases over the last decade

"Let's finally get over into today's show. Dad, we crunched the numbers on the car brands that raised prices the most over the last decade. I'm going to zoom in so that you can't see over there to the right what the answers are."

They’re comparing car brand prices over about 10 years. The goal is to see which brands increased prices the most, using data from 2015 to 2025.

Concept

average new car transaction price

"and here's how car prices have changed. The average new car transaction price has come from [291.1s] $34,428 at the end of 2015."

This is the average price people really paid for brand-new cars. It’s a better picture than the advertised price because it reflects what deals and options actually cost.

Concept

CPI (Consumer Price Index)

"The consumer price index, this is what the Bureau of Labor Statistics uses to measure inflation, went from $233 to [307.2s] $330.2, so up 41.3."

CPI is a government number that tracks how fast everyday prices are rising. If car prices rise more than CPI, it means cars got more expensive faster than the overall cost of living.

Concept

US Medium Household Income

"Then the US Medium Household Income, Dad, this came from the Census, went [313.4s] from $55,775 to $81,605."

This is the typical (middle) household income in the U.S. If car prices rise faster than income, it can make buying a new car harder for many families.

Brand

Solantis

"Here are the outliers. Here are the brands, and you see I named all of them. Solantis, Ford, and Hyundai, [332.5s] which is Hyundai and Kia, that they have increased their prices significantly more than CPI."

They’re talking about Stellantis (the big company behind brands like Chrysler, Dodge, Jeep, Ram, and Fiat). The point is that some companies raised prices faster than inflation.

Car

Hyundai Genesis

"...eep, Ram, Fiat, Ford, Lincoln, Hyundai, Kia, and Genesis. These are the three outliers in terms of manufac..."

Genesis is a brand made by Hyundai for nicer, more premium cars. The podcast mentions it because it’s grouped with other brands that behave differently than the rest. It’s part of a comparison list rather than a deep dive on one model.

Brand

Volkswagen

"So let's let everyone know there were some brands that did not raise their prices more than inflation. You can see here Volkswagen, a little bit above, [390.6s] General Motors, right there a little bit above, but importantly Toyota is right at inflation,"

Volkswagen is mentioned as not raising prices more than inflation (or only slightly above it). This is used as a contrast against the brands described as bigger “outliers.”

Brand

General Motors

"You can see here Volkswagen, a little bit above, [390.6s] General Motors, right there a little bit above, but importantly Toyota is right at inflation,"

General Motors is mentioned as one of the brands whose price increases were closer to inflation than the biggest outliers. It’s used to show the story isn’t uniform across all automakers.

Brand

Mitsubishi

"Nissan, with Nissan Infinity Mitsubishi below inflation."

Mitsubishi is mentioned as a brand that didn’t raise prices as much as inflation. It’s part of the hosts’ comparison across automakers.

Brand

Nissan

"Honda is right below inflation, [395.6s] Nissan, with Nissan Infinity Mitsubishi below inflation."

Nissan is mentioned as a brand whose price increases were not as high as inflation. The hosts use it to show the pattern varies by company.

Brand

Infinity

"Honda is right below inflation, [395.6s] Nissan, with Nissan Infinity Mitsubishi below inflation."

They likely mean Infiniti, Nissan’s luxury brand. It’s included in the list of brands whose prices didn’t rise faster than inflation.

Brand

Honda

"Toyota is right at inflation, [395.6s] Honda is right below inflation, Nissan, with Nissan Infinity Mitsubishi below inflation."

Honda is said to have increased prices slightly less than inflation. It’s part of the episode’s comparison of automakers’ pricing behavior.

Car

Nissan Versa

"First, the Nissan Versa used to cost under $13,000 in 2015. Think about that for a second. [421.4s] Okay, well here, when I was a little boy in Philadelphia"

The Nissan Versa is an affordable small car. The hosts say that even this kind of budget-friendly model cost far more by the end of the decade than it did in 2015.

Car

Infiniti Q40

"... rid of the Nissan Versa, the Cube, the Infinity Q40 and Q60, which were relatively affordable options..."

The Infiniti Q40 is a luxury-style sedan made by Infiniti. The podcast brings it up because it used to be one of the more affordable options in that category. It’s mentioned as part of a list of cars that were later discontinued.

Car

Infiniti Q60

"...the Nissan Versa, the Cube, the Infinity Q40 and Q60, which were relatively affordable options and Mit..."

The Infiniti Q60 is a luxury car with a coupe-like shape. The podcast mentions it because it was considered one of the more affordable options in its group. It’s included in a discussion about cars that have been removed from the market.

Car

Honda Fit

"Over at Honda, dad, the cheapest model back in 2015 was the Honda Fit LX Manual. You could use it."

The Honda Fit is a small, practical hatchback. “LX Manual” means it was available with a manual gearbox, and the host is saying that kind of lower-priced option is gone now.

Car

Mitsubishi Mirage

"...ere relatively affordable options and Mitsubishi Mirage. Over at Honda, dad, the cheapest model back in 2..."

The Mitsubishi Mirage is a small, low-cost car. The podcast mentions it because it was one of the cheaper options you could buy. It’s used to compare how entry-level pricing has shifted over time.

Car

Honda Civic LX

"Now, dad, it's the Honda Civic LX, which is $25,400. And along the way, Honda got rid of the Fit, the Insight, Acura obviously got rid of the ILX and the RLX as well."

The Honda Civic is a very common, everyday car. Here, “LX” is the basic trim, and the host is using it to show that the cheapest new Hondas cost a lot more than they used to.

Car

Acura RLX

"...sight, Acura obviously got rid of the ILX and the RLX as well. So Honda, although they haven't increas..."

The Acura RLX is a luxury sedan made by Acura. The podcast says Acura stopped selling it along with other models. It’s mentioned because it shows how Acura’s lineup has changed.

Car

Acura ILX

"...Fit, the Insight, Acura obviously got rid of the ILX and the RLX as well. So Honda, although they hav..."

The Acura ILX is a small luxury sedan made by Acura. The podcast says Acura stopped selling it. It’s mentioned because it’s part of a broader lineup change discussion.

Concept

discontinuation of least-expensive vehicles

"Well, I think, I'm not 100% certain, but I think we're going to see a trend here. And I think the trend moving forward is that everybody was getting rid of their least expensive vehicles."

The idea here is that car companies are stopping their cheapest models. When the lowest-priced cars disappear, the cheapest thing you can buy new costs more.

Car

Toyota Corolla

"Toyota, dad, back in 2015, you could get a sub $16,000 Toyota. Now, Toyota obviously still offers an affordable Corolla here at $23,860"

The Toyota Corolla is one of Toyota’s most popular budget-friendly cars. The host is pointing out that even the Corolla’s starting price has climbed a lot since 2015.

Car

Toyota Yaris

"but the Yaris, which no longer is available here, was the affordable option from Toyota."

The Toyota Yaris was a small, cheaper Toyota option. The host is saying it’s gone from the market, so there are fewer truly low-cost Toyotas to choose from.

Brand

Scion

"Scion obviously used to have options here in the United States. They're no longer around, and the Toyota Avalon is no longer available. So it is interesting. Scion went by the wayside."

Scion was a Toyota brand that sold simpler, cheaper cars to younger buyers. The host is saying it disappeared, and that kind of brand shutdown removes low-cost options from the market.

Car

Chevrolet Trax

"Now, in 2025, the Chevy Trax, which you know sells relatively well, starts at $21,895. But think about that."

The Chevy Trax is a small SUV that’s usually priced higher than the tiniest city cars. The host is saying that what used to be a $13,000 entry car is now closer to the $20,000+ range.

Car

Chevrolet Impala

"They got rid of the Cruz. They got rid of the Impala."

The Chevrolet Impala was a larger sedan. They’re listing it to show that sedans—especially cheaper ones—are disappearing from lineups.

Car

Chevrolet Sonic

"They got rid of the Spark. They got rid of the Sonic. They got rid of the Cruz."

The Chevrolet Sonic was a smaller, lower-cost car. The hosts are using it as an example of models that got dropped as buyers moved to SUVs and pickups.

Car

Chevrolet Cruze

"They got rid of the Sonic. They got rid of the Cruz. They got rid of the Impala."

The Chevrolet Cruze was a compact sedan. In this discussion, it’s mentioned to show that cheaper cars are being phased out.

Car

Cadillac ATS

"Cadillac got rid of the ATS and CTS. I mean, it is quite the list of deletions here."

The Cadillac ATS was a smaller luxury sedan. It’s mentioned because Cadillac removed it from the lineup as the market shifted.

Car

Buick Verano

"... They got rid of the Impala. They got rid of the Verano, the La Crosse. Cadillac got rid of the ATS and C..."

The Buick Verano is a small luxury-style sedan. The podcast mentions it because Buick stopped selling it. It’s included to show how some car models have been removed from the market.

Car

Cadillac CTS

"Cadillac got rid of the ATS and CTS. I mean, it is quite the list of deletions here."

The Cadillac CTS was a mid-size luxury sedan. They’re bringing it up as another example of a model that got cut.

Car

Chevrolet Spark

"profit margin and building SUVs and pickup trucks was a hell of a lot greater than, say, building a Chevrolet Spark that retailed for $13,000."

The Chevrolet Spark is a small, cheaper car. The point here is that it doesn’t make as much profit for the company as bigger, more expensive vehicles do.

Concept

average transaction price

"Volkswagen group prices have gone up 44.4% in the last decade. That means the average transaction price for a VW vehicle went from $40,461 in 2015 to $58,440."

Average transaction price (ATP) is the typical selling price of a vehicle after discounts, incentives, and actual deal structures. The hosts use ATP to show how Volkswagen Group’s pricing increased over time, which helps explain why affordability worsened.

Car

Volkswagen Jetta

"back in 2015, the cheapest model they offered was the Jetta S manual at $18,145. They still offer the Jetta S today no longer in a manual and starts at $23,220."

The Volkswagen Jetta S is the basic version of the Jetta. They’re saying the cheapest Jetta used to be much cheaper, and today it starts higher—and the manual option is gone.

Car

Volkswagen Golf

"They got rid of the Golf, non-GTI, the Passat, and the Beetle in that time."

The Volkswagen Golf is a popular compact car. They’re mentioning that the non-GTI version was dropped, which supports the idea that cheaper options are disappearing.

Car

Volkswagen Passat

"They got rid of the Golf, non-GTI, the Passat, and the Beetle in that time."

The Volkswagen Passat is a mid-size sedan that Volkswagen discontinued in the U.S. market. The hosts include it in the list of models removed to show how fewer affordable sedans remain available.

Car

Volkswagen Beetle

"They got rid of the Golf, non-GTI, the Passat, and the Beetle in that time."

The Volkswagen Beetle is a compact, iconic hatchback that was discontinued. In this segment, it’s mentioned as part of Volkswagen’s lineup reductions that reduce the number of lower-cost choices.

Brand

Porsche

"Yes. I mean, obviously you're talking about the Volkswagen group, and that includes Porsche, and that includes Audi, and those are going to artificially inflate..."

Porsche is one of the brands owned by Volkswagen Group, and it typically sells higher-priced vehicles than mainstream brands. The hosts mention Porsche to explain why the group’s average transaction price can be pulled upward.

Brand

Audi

"and that includes Porsche, and that includes Audi, and those are going to artificially inflate to a certain degree the average transaction prices."

Audi is another Volkswagen Group brand, and it generally occupies the mid-to-premium price tier. The hosts use Audi as an example of how including premium brands in the group affects the average transaction price.

Car

Kia Rio LX

"Now, back in 2015, you could get a sub $15,000 Kia. This was the Kia Rio LX, which was $14,815."

The Kia Rio LX is a small, budget-friendly Kia model they’re using as a reference point. They’re saying that Kia used to sell cars for under $15,000, but that kind of pricing is gone today.

Car

Hyundai Venue

"Now, today, you could get a Hyundai venue for $20,550, which again is still a very affordable price point."

The Hyundai Venue is a small, lower-cost Hyundai they mention as a current example. The point is that even the cheapest Hyundai options cost more now than they used to.

Car

Kia Forte

"...but Hyundai and Kia have gotten rid of the Rio and the Forte, and Genesis is now a very distinguished and separate brand."

The Kia Forte is a compact car Kia used to sell. The hosts are saying Kia stopped offering it, which helps explain why cheaper options are harder to find now.

Concept

upmarket

"And so one has to wonder what it is that they have done that has allowed them to go as upmarket as they have and continue to bring customers in."

“Upmarket” means a brand is trying to sell more expensive, higher-end cars. The hosts are wondering how Hyundai and Kia managed to charge more and still keep customers buying.

Concept

record sales month after month

"They are hitting record sales month after month after month, even though they are one of the most egregious when it comes to raising prices in regards to inflation."

They’re saying sales have been extremely strong for a long time. The idea is that even though prices are higher, people are still buying, so the brands aren’t losing customers.

Car

Ford Maverick XL Hybrid Super Crew

"In 2015, Ford offered the Fiesta S Sedan at $15,405. Today, the cheapest option you can get from Ford is the Maverick XL Hybrid Super Crew at almost double the price, $28,145."

The Ford Maverick is Ford’s small pickup, and this one is the hybrid version. The hosts are using it to show that Ford’s “budget” choice today costs much more than Ford’s budget choice did years ago.

Concept

entry-level price point

"In 2015, Ford offered the Fiesta S Sedan at $15,405. Today, the cheapest option you can get from Ford is the Maverick XL Hybrid Super Crew at almost double the price, $28,145. Now, that's egregious and that's concerning."

Your “entry-level price point” is the cheapest car a brand offers. The hosts are saying Ford moved that cheapest option way up in price compared to the past.

Car

Ford Fiesta

"In 2015, Ford offered the Fiesta S Sedan at $15,405. Today, the cheapest option you can get from Ford is the Maverick XL Hybrid Super Crew at almost double the price, $28,145."

The Ford Fiesta S Sedan is an example of a cheaper Ford model that used to be available. The hosts are pointing out that Ford no longer offers something at that same low price level.

Concept

base market

"Yeah, it appears as if no manufacturer has abandoned their base market more than Ford has. And nobody has said to their customers, you want something other than a pickup truck or an SUV?"

A “base market” is the group of customers a brand is trying hardest to sell to, usually at certain price levels. The hosts are saying Ford has shifted away from the cheaper, everyday buyers.

Car

Ford Mustang

"You're going to have to go elsewhere because they don't have... I mean, what's the only car they have? A Mustang? Yeah, a Mustang."

The Ford Mustang is Ford’s well-known sports car. The hosts are saying Ford doesn’t offer many regular cars anymore—mostly trucks and SUVs instead.

Brand

Stellantis

"Number one, the brand that has increased their prices the most over the last decade, Stellantis. This would be Fiat, Chrysler, Dodge, Jeep, etc... They've increased their prices 60.1% over the last decade... Conversely, they have lost more market share..."

Stellantis is the company that owns several car brands like Jeep and Dodge. The discussion is basically: they raised prices a lot, and customers didn’t stick around as much as they hoped.

Brand

Fiat

"Number one, the brand that has increased their prices the most over the last decade, Stellantis. This would be Fiat, Chrysler, Dodge, Jeep, etc... The cheapest model back in 2015 was the Fiat 500 hatchback..."

Fiat is a car brand owned by Stellantis. In this segment, it’s used as an example of a brand that used to offer cheaper cars but has fewer low-cost options now.

Car

Fiat 500

"The cheapest model back in 2015 was the Fiat 500 hatchback, $16,845. The cheapest model today is the Jeep Compass Sport, $27,495."

They’re using the Fiat 500 as a reference point for how cheap Stellantis cars used to be. Then they compare it to what the cheapest Jeep is today to show prices have moved up.

Car

Jeep Compass

"The cheapest model today is the Jeep Compass Sport, $27,495. In that time, Stellantis have killed off many affordable options..."

They’re saying the cheapest Jeep they can point to now costs a lot more than the cheapest Stellantis car did in 2015. It’s an example of how entry-level pricing has gone up.

Car

Chrysler 200

"In that time, Stellantis have killed off many affordable options, the Dodge Dart, Chrysler 200, Dodge Abender, Jeep Patriot, Fiat 500 hatch."

They’re talking about discontinued models. The Chrysler 200 is included to illustrate how Stellantis reduced the number of lower-cost cars it offers.

Car

Patriot Jeep Patriot

"...ns, the Dodge Dart, Chrysler 200, Dodge Abender, Jeep Patriot, Fiat 500 hatch. They've entirely exited the $20..."

The Jeep Patriot is a compact SUV. The podcast mentions it because it was one of the cheaper vehicles that’s no longer offered. It’s included to explain how fewer low-priced SUVs are available now.

Car

Dodge Dart

"In that time, Stellantis have killed off many affordable options, the Dodge Dart, Chrysler 200, Dodge Abender, Jeep Patriot, Fiat 500 hatch."

They’re listing cars that Stellantis stopped selling. The Dodge Dart is one example used to show how fewer cheaper options are available now.

Car

Dodge Ram

"exited the $20,000, sub-$20,000 market and no longer have any vehicles at a sub-$25,000 price point. Jeep, Chrysler, Dodge, Ram, that whole group, this is your brand that have increased prices the most over the last decade. Conversely, they have lost more market"

The Ram is a pickup truck line made by the Ram brand. Pickup trucks are usually built for hauling and towing. The podcast mentions Ram because its prices have moved up, leaving fewer cheap options.

Concept

market share

"Conversely, they have lost more market share over that same timeframe than any other manufacturer out there. The loss of market share has been exacerbated since COVID..."

Market share means how much of the total car-buying pie a brand gets. If it goes down, it means fewer people are choosing that brand compared to competitors.

Term

MSRP

"Yeah, which to be clear, I mean, Stellantis MSRP's have actually decreased year over year on some"

MSRP is the sticker price the manufacturer puts on a car. They’re saying even if the sticker price drops a bit, the real-world deal can still be expensive.

Car

Dodge Charger

"First quarter US sales, total just 175 for the wagon ERS and 240 for the all electric charger Daytona. Think about that for a second, Dad."

They bring up the all-electric Charger Daytona and say sales are extremely low. The takeaway is that even well-known nameplates don’t automatically succeed in the EV market.

Concept

federal tax incentives ended on September 30th

"Ever since federal tax incentives ended on September 30th of last year, their sales have dropped to nothing. I mean, literally just about nothing."

Some EVs get a government tax credit that makes them cheaper to buy. If that credit ends, the car suddenly costs more, so fewer people want to purchase it.

Concept

battery electric vehicles

"Yeah, they made a bet, like a lot of manufacturers made a bet for battery electric vehicles and the market has changed."

BEVs are cars that run only on electricity stored in a battery. The hosts are saying automakers expected BEVs to sell faster, but the market didn’t move as quickly as they planned.

Concept

took their lead from global governments

"...speaks volumes to how I guess so many of them took their lead from global governments, whether it been the government here in the United States or other governments in Europe..."

They’re saying governments pushed EVs through rules and incentives, and car companies followed that direction. The criticism is that policy doesn’t always translate into immediate consumer sales.

Concept

federal tax credits for electric vehicles

"...the consensus seems to be when there's no federal tax credits available that about 5% of the population is willing to buy an electric vehicle."

They’re talking about government incentives that can lower the cost of buying an electric car. The point is that if those credits aren’t available, fewer people are willing to buy an EV.

Topic

Car market desperation and dealer inventory pressure

"So, look at this, just pulling it up, some of the desperation going on in the car market right now... they need to do something dramatic to relieve themselves of that inventory."

This portion of the episode focuses on the idea that the car market is under stress, with dealers holding large amounts of unsold inventory. The hosts use specific lot-sitting examples to illustrate how that pressure can lead to more aggressive tactics.

Concept

inventory sitting on lots for hundreds of days

"...you've got one 2025 Jeep Wagon Air S launch edition for $72,790 that's been sitting for 260 days... all well over 300 days... they need to do something dramatic to relieve themselves of that inventory."

They’re pointing out that cars are staying on dealer lots for a very long time. That usually means sales are slow, so dealers may have to discount or run promotions to get people to buy.

Company

Carvana

"Dad, Carvana, did you see this? ... They added a seven franchise dealership... Carvana, for those of you that don't know, used to be just a used car dealer... They’ve now bought in under a year seven new car dealerships."

Carvana is a company that sells used cars online and also buys cars from customers. In this segment, they’re saying Carvana is growing its presence by adding more dealerships, which puts pressure on regular car dealers.

Company

Chrysler Dodge Jeep Ram

"and they're all Chrysler Dodge Jeep Ram stores... what we're talking about has to do with Chrysler Dodge, Jeep and Ram Stellantis."

Chrysler, Dodge, Jeep, and Ram are car brands that are grouped together under one parent company. The discussion is about how dealerships for these brands affect how car loans and prices work.

Concept

loan origination business

"because as we know, Carvana wants to be in the loan origination business, and there's no better customer that fits their parameters than the customers at those dealerships."

Loan origination just means making the car loan—deciding who gets approved and setting up the loan terms. The hosts are saying that financing can be where the real money is.

Concept

asset backed securities

"because they turn around and sell them as asset backed securities. So yeah, it is the perfect brand mix, in my opinion."

Asset-backed securities are like bundles of loans that get turned into an investment. If you sell those loan payments to investors, it can help the lender make money faster.

Concept

transparency in pricing

"if they operate their CDJR dealerships the same way as they operate their used car facilities, there's a certain level of transparency involved. You know, the price, there's no real arguing about the price, it is what it is."

Transparency in pricing means you can see the price up front and there’s less haggling or surprise fees. The hosts think that could make it easier for shoppers to compare deals.

Concept

separate rules for separate entities

"whatever, the rules, the rules apply to the, but not me, you know. Yes, separate rules for separate entities."

The idea is that different companies can be held to different rules. That can change who’s allowed to buy dealerships and how quickly they can grow.

Term

rear seat entertainment system

"Seen back in the Sienna with an available rear seat entertainment system."

A rear seat entertainment system is basically screens and audio for the people sitting in the back. It’s meant to keep kids or passengers entertained during trips.

Car

Toyota RAV4

"Slip into the RAV4 with available all wheel drive and let's go."

The Toyota RAV4 is a compact SUV. The big point mentioned here is that it can be had with all-wheel drive for better grip when roads are slippery.

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