{"version":"1.0.0","episode":{"title":"The Car Market Has Reached a Tipping Point | Episode 974","url":"http://getcarcurious.com/episodes/the-car-market-has-reached-a-tipping-point-episode-974","audioUrl":"https://pscrb.fm/rss/p/mgln.ai/e/1385/pdrl.fm/3359a6/injector.simplecastaudio.com/14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9/episodes/ac698c18-8274-417b-904f-10ef29c17b80/audio/128/default.mp3?aid=rss_feed&awCollectionId=14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9&awEpisodeId=ac698c18-8274-417b-904f-10ef29c17b80&feed=gkrQ6WSC","description":"Today on CarEdge Live, Ray and Zach discuss the latest car price data and how the auto industry has reached a tipping point. Tune in to learn more! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com\nfor information about our collection and use of personal data for\nadvertising.\n"},"annotations":[{"startTime":420.72,"endTime":423.72,"type":"car","title":"Saturn Outlook","url":"/cars/saturn/outlook","image":"https://upload.wikimedia.org/wikipedia/commons/d/d7/%2708_Saturn_Outlook_%28Montreal%29.JPG","quote":"... market index fell to 38 from 43 in Q3 and future outlook declined to 42 from 46, both well below the posit...","canonicalId":"car:saturn:outlook","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Saturn Outlook was a midsize crossover SUV produced by General Motors from 2007 to 2010, known for its spacious interior and family-friendly features. It is often mentioned in discussions about discontinued models and their impact on the market.","simplifiedExplanation":"The Saturn Outlook is a big family SUV that was made a while ago, from 2007 to 2010. It's talked about because it's no longer made, and people often look at older models to see how they hold up.","imageAttribution":"Bull-Doser (Public domain)"}},{"startTime":587.72,"endTime":591.72,"type":"car","title":"Volkswagen Id4S","url":"/cars/volkswagen/id-4","image":"https://upload.wikimedia.org/wikipedia/commons/0/02/2020_Volkswagen_ID.4_Pro_%28Netherlands%29_front_view.jpg","quote":"...I'm a Volkswagen dealership and I've got ID4s that have a 471 days supply. I have no leverage. I'm the dealer.","canonicalId":"car:volkswagen:id-4","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Volkswagen ID.4 is an all-electric SUV that is part of Volkswagen's ID family of electric vehicles. It offers a spacious interior, advanced technology, and a range of electric driving capabilities.","simplifiedExplanation":"The Volkswagen ID.4 is a fully electric SUV made by Volkswagen. It has a roomy interior and uses electricity instead of gasoline, making it more environmentally friendly.","imageAttribution":"Dennis Elzinga (CC BY 2.0)"}},{"startTime":596.72,"endTime":597.72,"type":"car","title":"Dodge Charger","url":"/cars/dodge/charger","image":"https://upload.wikimedia.org/wikipedia/commons/8/8f/1970_Dodge_Charger_R-T_Hirschaid_22-20220709-RM-120204.jpg","quote":"...or the Dodge Charger below it or the Subaru Soltera below that...","canonicalId":"car:dodge:charger","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Dodge Charger is a full-size sedan known for its powerful engine options and muscular styling, often associated with American muscle cars.","simplifiedExplanation":"The Dodge Charger is a large car that is popular for its powerful engines and sporty design. It's often seen as a classic American muscle car.","imageAttribution":"Ermell (CC BY-SA 4.0)"}},{"startTime":597.72,"endTime":599.72,"type":"car","title":"Subaru Solterra","url":"/cars/subaru/solterra","image":"https://upload.wikimedia.org/wikipedia/commons/f/f8/2023_Subaru_Solterra.jpg","quote":"...or the Subaru Soltera below that or the Grand Wagoneer below that.","canonicalId":"car:subaru:solterra","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Subaru Solterra is an all-electric SUV that marks Subaru's first foray into the electric vehicle market, featuring all-wheel drive and a focus on outdoor capability.","simplifiedExplanation":"The Subaru Solterra is Subaru's first electric SUV. It has all-wheel drive, making it good for outdoor adventures and rough weather.","imageAttribution":"UltraTech66 (CC BY-SA 4.0)"}},{"startTime":599.72,"endTime":600.72,"type":"car","title":"Jeep Grand Wagoneer","url":"/cars/jeep/grand-wagoneer","image":"https://upload.wikimedia.org/wikipedia/commons/5/5a/20200603_Jeep_Grand_Wagoneer.jpg","quote":"or the Subaru Soltera below that or the Grand Wagoneer below that. The market dynamics have shifted sign...","canonicalId":"car:jeep:grand-wagoneer","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"Kahvilokki (CC0)"}},{"startTime":599.72,"endTime":600.72,"type":"car","title":"Jeep Wagoneer","url":"/cars/jeep/wagoneer","image":"https://upload.wikimedia.org/wikipedia/commons/0/04/24_Jeep_Wagoneer_S_Launch_Edition.jpg","quote":"...or the Grand Wagoneer below that. The market dynamics have shifted significantly...","canonicalId":"car:jeep:wagoneer","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Grand Wagoneer is a luxury full-size SUV from Jeep, known for its upscale features and off-road capability, reviving the classic Wagoneer nameplate.","simplifiedExplanation":"The Grand Wagoneer is a large, luxurious SUV from Jeep. It's designed for comfort and can handle off-road driving, making it versatile for different terrains.","imageAttribution":"HJUdall (CC0)"}},{"startTime":603.7,"endTime":605.7,"type":"company","title":"Cox Automotive","url":"/glossary/cox-automotive","quote":"...and I love this report from Cox Automotive because it's the industry telling you...","canonicalId":"company:cox-automotive","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Cox Automotive is a leading provider of automotive services and technology, offering insights and data analytics to help businesses in the automotive industry make informed decisions.","simplifiedExplanation":"Cox Automotive is a company that provides services and information to car businesses. They help companies understand the car market better with their reports and data."}},{"startTime":845.72,"endTime":848.72,"type":"car","title":"Toyota Camry","url":"/cars/toyota/camry","image":"https://upload.wikimedia.org/wikipedia/commons/b/bc/%28USA-Massachusetts%29_Private_Toyota_Camry_NJ-Z22UKZ_rear_2024-06-06.jpg","quote":"Make your holiday wishes come true with a new Camry, RAV4, Tacoma and more. Alright, let's sing it to...","canonicalId":"car:toyota:camry","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"S5A-0043 (CC BY 2.0)"}},{"startTime":845.72,"endTime":848.72,"type":"car","title":"Toyota Rav4","url":"/cars/toyota/rav4","image":"https://upload.wikimedia.org/wikipedia/commons/5/5b/2021_Toyota_RAV4_PHV.jpg","quote":"...e your holiday wishes come true with a new Camry, RAV4, Tacoma and more. Alright, let's sing it together...","canonicalId":"car:toyota:rav4","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"TTTNIS (CC0)"}},{"startTime":845.72,"endTime":848.72,"type":"car","title":"Toyota Tacoma","url":"/cars/toyota/tacoma","image":"https://upload.wikimedia.org/wikipedia/commons/c/ca/Second_Gen_Toyota_Tacoma_on_Snowy_Mountain_-_2019.jpg","quote":"Make your holiday wishes come true with a new Camry, RAV4, Tacoma and more.","canonicalId":"car:toyota:tacoma","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota Tacoma is a midsize pickup truck known for its off-road capability, durability, and versatility, making it a favorite among truck enthusiasts.","simplifiedExplanation":"The Toyota Tacoma is a pickup truck that is known for being tough and good for off-road driving.","imageAttribution":"Noah Wulf (CC BY-SA 4.0)"}},{"startTime":988.7,"endTime":991.7,"type":"concept","title":"manufacturer incentives","url":"/glossary/manufacturer-incentives","quote":"So let's spend a second on how do cars become more affordable tomorrow. It's manufacturer incentives and dealer discounts.","canonicalId":"concept:manufacturer-incentives","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Manufacturer incentives are discounts or special financing offers provided by car manufacturers to encourage sales. These can include cash rebates, low-interest financing, or lease deals that make vehicles more appealing to buyers.","simplifiedExplanation":"Manufacturer incentives are ways that car companies help lower the price of their cars. They might offer cash back or lower interest rates to make it easier for people to buy a car."}},{"startTime":991.7,"endTime":994.7,"type":"concept","title":"dealer discounts","url":"/glossary/dealer-discounts","quote":"It's manufacturer incentives and dealer discounts. That's what we anticipate and quite frankly with the initial data we have.","canonicalId":"concept:dealer-discounts","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Dealer discounts are reductions in the price of a vehicle offered by car dealerships. These discounts can be part of sales promotions or negotiations between the buyer and the dealer.","simplifiedExplanation":"Dealer discounts are price cuts that car dealerships give to help sell cars. They can lower the price you pay when buying a car."}},{"startTime":996.7,"endTime":998.7,"type":"term","title":"440% financing offers","url":"/glossary/440-financing-offers","quote":"quite frankly with the initial data we have, 440% financing offers.","canonicalId":"term:440-financing-offers","priority":0.5,"confidence":0.7,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A 440% financing offer likely refers to a promotional interest rate or financing term that is unusually high or misleading in the context of car loans. Typically, financing offers are expressed as a percentage of interest that a buyer would pay over the loan term.","simplifiedExplanation":"A 440% financing offer sounds like a very high interest rate for a car loan. It's important to understand what interest rates mean when borrowing money to buy a car."}},{"startTime":1035.7,"endTime":1036.7,"type":"concept","title":"manufacturer to dealer incentives","url":"/glossary/manufacturer-to-dealer-incentives","quote":"...there's probably some pretty big stair step or manufacturer to dealer incentives this month for them to hit volume thresholds...","canonicalId":"concept:manufacturer-to-dealer-incentives","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Manufacturer to dealer incentives are financial benefits provided by car manufacturers to dealerships to encourage them to sell more vehicles. These incentives can help dealers reduce inventory and meet sales targets.","simplifiedExplanation":"These are bonuses or discounts that car makers give to dealerships to help them sell more cars. It makes it easier for dealers to sell cars and clear out their stock."}},{"startTime":1102.7,"endTime":1107.7,"type":"term","title":"payment calculation","url":"/glossary/payment-calculation","quote":"can we go to the CarEdge machine and do a payment calculation?","canonicalId":"term:payment-calculation","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Payment calculation refers to the process of determining the monthly payment amount for a car loan based on the vehicle price, down payment, interest rate, and loan term.","simplifiedExplanation":"Payment calculation is figuring out how much money you will pay each month for a car loan."}},{"startTime":1108.7,"endTime":1110.7,"type":"company","title":"CarEdge","url":"/glossary/car-edge","quote":"We're here at CarEdge.com. What do you want to do? Just pick a car.","canonicalId":"company:car-edge","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"CarEdge is an online platform that provides tools and resources for car buyers, including payment calculations and vehicle valuations.","simplifiedExplanation":"CarEdge is a website that helps people figure out car payments and how much cars are worth."}},{"startTime":1113.7,"endTime":1115.7,"type":"car","title":"Genesis","url":"/cars/hyundai/genesis","image":"https://upload.wikimedia.org/wikipedia/commons/e/e4/2180_-_Pittsburgh_-_Mellon_Arena_-_Genesis_-_The_Carpet_Crawlers.JPG","quote":"Do you want to do an $84,000 Genesis?","canonicalId":"car:hyundai:genesis","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Genesis is a luxury vehicle division of the South Korean automaker Hyundai, known for producing premium sedans and SUVs.","simplifiedExplanation":"Genesis is a brand of luxury cars that comes from Hyundai, similar to how Lexus is to Toyota.","imageAttribution":"Andrew Bossi (CC BY-SA 2.5)"}},{"startTime":1115.7,"endTime":1118.7,"type":"term","title":"average car price","url":"/glossary/average-car-price","quote":"Let's pick something that's closer to the average of $50,000.","canonicalId":"term:average-car-price","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The average car price refers to the typical cost of a vehicle in the market, which can vary based on factors like make, model, and features.","simplifiedExplanation":"The average car price is how much most cars cost, which is usually around $50,000 right now."}},{"startTime":1133.72,"endTime":1138.72,"type":"car","title":"Genesis GV70","url":"/cars/genesis/gv70","image":"https://upload.wikimedia.org/wikipedia/commons/8/82/GENESIS_GV70_China.jpg","quote":"All right. So we've got a Genesis GV70 Select MSRP 54760 dealer invoice, $52,022.","canonicalId":"car:genesis:gv70","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Genesis GV70 is a luxury compact SUV that combines elegant design with advanced technology and performance. It is significant for its competitive features in the luxury market, often compared to established brands like BMW and Mercedes-Benz, and is discussed for its pricing and value proposition.","simplifiedExplanation":"The Genesis GV70 is a fancy SUV that looks nice and has a lot of cool features. It's important because it competes with other high-end SUVs and is talked about for its price and what you get for that money.","imageAttribution":"Dinkun Chen (CC BY-SA 4.0)"}},{"startTime":1282.7,"endTime":1288.7,"type":"concept","title":"higher profit margin","url":"/glossary/higher-profit-margin","quote":"And the third thing could be where the manufacturer says, OK, we're going to start building less expensive cars instead of the higher profit margin, more expensive cars.","canonicalId":"concept:higher-profit-margin","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Higher profit margin refers to the difference between the cost to produce a vehicle and its selling price, which is greater for luxury or high-end models. Manufacturers may focus on these models to maximize profits.","simplifiedExplanation":"Higher profit margin means that a car costs a lot less to make than what it sells for. Car companies like to sell cars that make them more money."}},{"startTime":1294.7,"endTime":1297.7,"type":"term","title":"$3 million new cars","quote":"But that doesn't change what's going on for the current $3 million new cars sitting there.","canonicalId":"term:3-million-new-cars","priority":0.5,"confidence":0.75,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The mention of $3 million new cars likely refers to ultra-luxury or exotic vehicles that are priced significantly higher than typical consumer cars. These vehicles often come with high-end features and limited production runs.","simplifiedExplanation":"$3 million new cars are extremely expensive cars that are usually very luxurious or special. They are not the kind of cars most people buy."}},{"startTime":1360.7,"endTime":1363.7,"type":"car","title":"Toyota Sienna XLE","url":"/cars/toyota/sienna","image":"https://upload.wikimedia.org/wikipedia/commons/d/d7/TOYOTA_SIENNA_%28XL40%29_China.jpg","quote":"...2024 Sienna XLE with the inverter...","canonicalId":"car:toyota:sienna","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota Sienna XLE is a trim level of the Sienna minivan, known for its spacious interior and family-friendly features. The 2024 model includes advanced technology and safety features, making it a popular choice for families.","simplifiedExplanation":"The Toyota Sienna XLE is a version of the Sienna minivan that has extra features for comfort and convenience. The 2024 model is designed for families and includes modern technology to keep everyone safe and entertained.","imageAttribution":"Dinkun Chen (CC BY-SA 4.0)"}},{"startTime":1505.7,"endTime":1513.2,"type":"term","title":"retired service loaners","url":"/glossary/retired-service-loaners","quote":"And many of the manufacturers will also offer their new car lease special rates on retired service loaners. Yeah.","canonicalId":"term:retired-service-loaners","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Retired service loaners are vehicles that were used by dealerships as loaner cars for customers while their own vehicles were being serviced. These cars are typically well-maintained and have lower mileage, making them a good option for buyers.","simplifiedExplanation":"Retired service loaners are cars that dealerships let customers use when their own cars are being fixed. They usually have low mileage and are in good shape."}},{"startTime":1538.7,"endTime":1541.7,"type":"car","title":"Acura TL","url":"/cars/acura/tl","image":"https://upload.wikimedia.org/wikipedia/commons/4/49/2009_Acura_TL--DC.jpg","quote":"I've owned two of them. We owned a TL at one time and we had an MDX at one time that were both retired service loaners.","canonicalId":"car:acura:tl","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Acura TL is a mid-size luxury sedan known for its comfortable ride, high-quality interior, and strong performance. It has been a popular choice among luxury car buyers since its introduction.","simplifiedExplanation":"The Acura TL is a luxury car that is comfortable and has a nice interior. It's a popular choice for people who want a good-looking and reliable sedan.","imageAttribution":"IFCAR (Public domain)"}},{"startTime":1541.72,"endTime":1546.8,"type":"car","title":"Acura MDX","url":"/cars/acura/mdx","image":"https://upload.wikimedia.org/wikipedia/commons/a/ad/ACURA_MDX_%28YD2%29_China_%2813%29.jpg","quote":"We owned a TL at one time and we had an MDX at one time that were both retired service loaners.","canonicalId":"car:acura:mdx","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Acura MDX is a mid-size luxury SUV known for its spacious interior, advanced technology features, and strong performance. It is designed to provide a comfortable ride for families and is equipped with a variety of safety features.","simplifiedExplanation":"The Acura MDX is a luxury SUV that has a lot of space and is great for families. It comes with many features to keep you safe and comfortable while driving.","imageAttribution":"Dinkun Chen (CC BY-SA 4.0)"}},{"startTime":1554.4,"endTime":1561.0,"type":"term","title":"certified service loaners","url":"/glossary/certified-service-loaners","quote":"...the dealer to utilize the new car lease programs on their certified service loaners and pre-owned vehicles...","canonicalId":"term:certified-service-loaners","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Certified service loaners are vehicles that dealerships use as loaner cars for customers while their own vehicles are being serviced. These cars are typically well-maintained and may be sold as certified pre-owned vehicles after their service period.","simplifiedExplanation":"Certified service loaners are cars that dealerships let customers use while their own cars are being fixed. These cars are usually in good shape and can be sold later as used cars."}},{"startTime":1618.1,"endTime":1622.1,"type":"company","title":"AutoTrader","url":"/glossary/auto-trader","quote":"Look at their brands up here, AutoTrader, that's a dealer website, Central Dispatch...","canonicalId":"company:auto-trader","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"AutoTrader is an online marketplace for buying and selling new and used cars, connecting consumers with dealers and private sellers.","simplifiedExplanation":"AutoTrader is a website where you can buy and sell cars, making it easier to find what you're looking for."}}],"speakers":[{"id":"s1","name":"Ray","role":"host"},{"id":"s2","name":"Zach Shefska","role":"host"},{"id":"s3","name":"Bleav","role":"host"}],"transcripts":[{"url":"http://getcarcurious.com/episodes/the-car-market-has-reached-a-tipping-point-episode-974/transcript.vtt","type":"text/vtt"}]}