{"version":"1.0.0","episode":{"title":"The Car Market in America is BROKEN | Episode 962","url":"http://getcarcurious.com/episodes/the-car-market-in-america-is-broken-episode-962","audioUrl":"https://pscrb.fm/rss/p/mgln.ai/e/1385/pdrl.fm/3359a6/injector.simplecastaudio.com/14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9/episodes/fe48cc93-8770-4142-8373-f09565107189/audio/128/default.mp3?aid=rss_feed&awCollectionId=14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9&awEpisodeId=fe48cc93-8770-4142-8373-f09565107189&feed=gkrQ6WSC","description":"Today on CarEdge Live, Ray and Zach discuss the latest news from the car market. 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":237.7,"endTime":241.8,"type":"term","title":"average transaction price","url":"/glossary/average-transaction-price","quote":"First things first, KVB report. New vehicle average transaction price actually went down in October.","canonicalId":"term:average-transaction-price","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The average transaction price is the average amount that consumers actually pay for a vehicle, including any discounts, incentives, or dealer markups. It provides insight into market trends and consumer spending.","simplifiedExplanation":"The average transaction price is what people actually pay for cars after all the deals and discounts. It helps show how much cars are really costing buyers."}},{"startTime":241.8,"endTime":244.2,"type":"concept","title":"EV sales stalled","url":"/glossary/ev-sales-stalled","quote":"EV sales stalled and incentives dropped. Here's case number one for why the car market is broken.","canonicalId":"concept:ev-sales-stalled","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"When EV sales stall, it means that the sales of electric vehicles have stopped growing or have decreased, which can indicate market challenges such as consumer demand, pricing, or competition from other vehicle types.","simplifiedExplanation":"When we say EV sales stalled, it means that people are not buying electric cars as much as before. This could be due to various reasons like higher prices or not enough interest."}},{"startTime":256.1,"endTime":264.7,"type":"term","title":"full-size pickup truck","url":"/glossary/full-size-pickup-truck","quote":"One is, did you know that the average MSRP for a full-size pickup truck has now passed $70,000?","canonicalId":"term:full-size-pickup-truck","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A full-size pickup truck is a larger category of trucks designed for heavy-duty work and towing, typically offering more space and power compared to smaller trucks. They are popular for both personal and commercial use.","simplifiedExplanation":"A full-size pickup truck is a big truck that can carry heavy loads and is often used for work or towing things. They're very popular in many areas, especially for people who need to haul stuff."}},{"startTime":256.1,"endTime":261.1,"type":"term","title":"MSRP","url":"/glossary/msrp","quote":"One is, did you know that the average MSRP for a full-size pickup truck has now passed $70,000?","canonicalId":"term:msrp","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"MSRP stands for Manufacturer's Suggested Retail Price, which is the price that the manufacturer recommends that the dealer sell the vehicle for. It's often used as a benchmark for pricing in the automotive market.","simplifiedExplanation":"MSRP is the price that car makers suggest dealers sell their cars for. It's a starting point for how much you might pay for a new car."}},{"startTime":339.4,"endTime":345.2,"type":"term","title":"incentive","url":"/glossary/incentive","quote":"...compared to the average incentive spent as a percentage of the average transaction price.","canonicalId":"term:incentive","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Incentives are discounts or special offers provided by manufacturers or dealers to encourage customers to buy a vehicle. These can include cash rebates, low-interest financing, or lease deals.","simplifiedExplanation":"Incentives are deals or discounts that car companies offer to help sell their cars. They can be cash back or lower monthly payments."}},{"startTime":408.1,"endTime":421.6,"type":"term","title":"vehicle sold","url":"/glossary/vehicle-sold","quote":"6.5% is $3,234 rounded up $3,235 per $49,766 vehicle sold is what they're spending in incentives now.","canonicalId":"term:vehicle-sold","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The term 'vehicle sold' refers to the transaction of a car being purchased by a consumer. It is a key metric for manufacturers to assess sales performance and market demand.","simplifiedExplanation":"A vehicle sold means a car that someone has bought. It's important for car companies to know how many cars they sell to understand their business."}},{"startTime":421.6,"endTime":438.0,"type":"term","title":"tariff costs","url":"/glossary/tariff-costs","quote":"if you are using some of the money that you have to spread around to eat and offset some of the tariff costs that you now have, then that takes away from the money that you would normally be using to incentivize the sale of the vehicle.","canonicalId":"term:tariff-costs","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Tariff costs are taxes imposed on imported goods, which can increase the overall cost of manufacturing vehicles. These costs can affect how much money manufacturers have available for incentives.","simplifiedExplanation":"Tariff costs are extra taxes on goods that come from other countries. When these costs go up, it can make cars more expensive to make and sell."}},{"startTime":707.1,"endTime":707.1,"type":"concept","title":"$100,000 plus SUVs","quote":"...and $100,000 plus SUVs.","canonicalId":"concept:100-000-plus-suvs","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The reference to $100,000 plus SUVs indicates the rising costs of sport utility vehicles, which have become luxury items rather than just practical transportation, impacting the market dynamics and consumer choices.","simplifiedExplanation":"This refers to SUVs that cost over $100,000, showing how some SUVs have become very expensive and are marketed as luxury vehicles."}},{"startTime":707.1,"endTime":707.1,"type":"concept","title":"$70,000 pickup trucks","quote":"...they have sold the American public on the concept of $70,000 pickup trucks and $100,000 plus SUVs.","canonicalId":"concept:70-000-pickup-trucks","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The mention of $70,000 pickup trucks highlights the increasing prices of vehicles, particularly in the truck segment, which reflects broader trends in the automotive market regarding affordability and consumer purchasing power.","simplifiedExplanation":"This refers to the high prices of pickup trucks, which are often marketed at around $70,000. It shows how expensive trucks have become and how it affects people's ability to buy them."}},{"startTime":1040.4,"endTime":1050.2,"type":"brand","title":"Cadillac","url":"/glossary/cadillac","quote":"So Cadillac's a luxury brand, well-heeled buyers. They're seeing a 15% increase in their inventory relative to demand month over month.","canonicalId":"brand:cadillac","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Cadillac is a luxury vehicle brand known for its high-end cars and SUVs. It's part of General Motors and has a reputation for comfort and advanced technology.","simplifiedExplanation":"Cadillac is a brand that makes luxury cars and SUVs. They are known for being stylish and comfortable."}},{"startTime":1058.58,"endTime":1067.3,"type":"car","title":"Jeep Wrangler","url":"/cars/jeep/wrangler","image":"https://upload.wikimedia.org/wikipedia/commons/a/a7/JEEP_WRANGLER_%28JL%29_China.jpg","quote":"...ry driven by models like the Cherokee Compass and Wrangler,  putting the brand at the high watermark for 202...","canonicalId":"car:jeep:wrangler","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"Dinkun Chen (CC BY-SA 4.0)"}},{"startTime":1058.58,"endTime":1067.3,"type":"car","title":"Jeep Cherokee","url":"/cars/jeep/cherokee","image":"https://upload.wikimedia.org/wikipedia/commons/9/9b/1975_Jeep_Cherokee_in_beige%2C_front_right.jpg","quote":"...% increase in inventory driven by models like the Cherokee Compass and Wrangler,  putting the brand at the h...","canonicalId":"car:jeep:cherokee","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"Mr.choppers (CC BY-SA 3.0)"}},{"startTime":1058.58,"endTime":1067.3,"type":"car","title":"Jeep Compass","url":"/cars/jeep/compass","image":"https://upload.wikimedia.org/wikipedia/commons/a/aa/JEEP_COMPASS_%28MK49%29_China.jpg","quote":"driven by models like the Cherokee Compass and Wrangler, putting the brand at the high watermark for 2025 and close to having more vehicles than the market might absorb.","canonicalId":"car:jeep:compass","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Jeep Cherokee is a compact SUV known for its off-road capabilities and versatility. It has been a popular choice among consumers looking for a rugged yet comfortable vehicle.","simplifiedExplanation":"The Cherokee is a type of SUV made by Jeep. It's designed to be good for both city driving and off-roading.","imageAttribution":"Dinkun Chen (CC BY-SA 4.0)"}},{"startTime":1058.58,"endTime":1067.3,"type":"car","title":"Willys Jeeps","url":"/cars/jeep/wrangler","image":"https://upload.wikimedia.org/wikipedia/commons/4/49/Jeep-Willys-MB%2BJeep-Wrangler-JK-Megeve-byRundvald.jpg","quote":"They're seeing a 15% increase in their inventory relative to demand month over month.  Jeep's situation is even more pronounced, a 24% jump in days supplying a 13% increase in inventory driven by models like the Cherokee Compass and Wrangler,  putting the brand at the high watermark for 2025 and close to having more vehicles than the market might absorb.","canonicalId":"car:jeep:wrangler","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"Rundvald (CC BY-SA 4.0)"}},{"startTime":1334.5,"endTime":1345.8,"type":"concept","title":"dealer markup","url":"/glossary/dealer-markup","quote":"...dealers were doing additional dealer markups, market adjustments, anywhere from $1,000 to $20,000 or more. So we're now looking at a situation where the demand is much less or lower than the supply.","canonicalId":"concept:dealer-markup","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Dealer markup refers to the practice of increasing the price of a vehicle above its manufacturer's suggested retail price (MSRP) due to high demand or low supply. This often occurs in situations where inventory is limited, allowing dealers to charge more than the standard price.","simplifiedExplanation":"Dealer markup is when a car dealer raises the price of a car above what the manufacturer suggests it should cost. This usually happens when there aren't many cars available, and many people want to buy them."}},{"startTime":1334.5,"endTime":1345.8,"type":"concept","title":"market adjustments","url":"/glossary/market-adjustments","quote":"...dealers were doing additional dealer markups, market adjustments, anywhere from $1,000 to $20,000 or more. So we're now looking at a situation where the demand is much less or lower than the supply.","canonicalId":"concept:market-adjustments","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Market adjustments are changes made to the pricing of vehicles based on current market conditions, such as supply and demand. Dealers may increase prices during times of high demand or limited inventory to maximize profits.","simplifiedExplanation":"Market adjustments are price changes that car dealers make based on how many cars are available and how many people want to buy them. If lots of people want a car but there aren't many available, the dealer might raise the price."}},{"startTime":1375.2,"endTime":1378.2,"type":"concept","title":"gross profit","url":"/glossary/gross-profit","quote":"...if my average new car gross profit today is $2,000, suddenly, in order to start moving the vehicles more quickly...","canonicalId":"concept:gross-profit","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Gross profit is the difference between revenue and the cost of goods sold. In car sales, it represents the profit a dealership makes on selling vehicles before accounting for other expenses.","simplifiedExplanation":"Gross profit is the money a business makes from selling its products after subtracting the costs to make or buy those products. For car dealerships, it's the profit from selling cars before other costs are considered."}},{"startTime":1392.5,"endTime":1395.5,"type":"concept","title":"inventory management","url":"/glossary/inventory-management","quote":"...the cost of carrying all that inventory is staggering and negatively impacts net profit when everything is all said and done.","canonicalId":"concept:inventory-management","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Inventory management refers to the process of ordering, storing, and using a company's inventory. In the automotive context, it involves balancing the number of vehicles on the lot with sales to avoid excess stock.","simplifiedExplanation":"Inventory management is how businesses keep track of their products. For car dealerships, it means having the right number of cars available without having too many that don't sell."}},{"startTime":1446.0,"endTime":1449.0,"type":"brand","title":"Mercedes-Benz","url":"/glossary/mercedes-benz-2da6bee1-2c59-4e63-8ca8-f0d3c6600182","quote":"Even Mazda and Mercedes-Benz with slower sales are accumulating more vehicles on their lots, which may force them to rethink their strategies if these trends continue.","canonicalId":"brand:mercedes-benz-2da6bee1-2c59-4e63-8ca8-f0d3c6600182","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Mercedes-Benz is a German luxury automobile manufacturer known for its high-quality vehicles, advanced technology, and performance. They produce a wide range of cars, from sedans to SUVs.","simplifiedExplanation":"Mercedes-Benz is a well-known luxury car brand from Germany. They make high-end cars that are often packed with the latest technology and features."}},{"startTime":1446.0,"endTime":1449.0,"type":"brand","title":"Mazda","url":"/glossary/mazda","quote":"Even Mazda and Mercedes-Benz with slower sales are accumulating more vehicles on their lots, which may force them to rethink their strategies if these trends continue.","canonicalId":"brand:mazda","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Mazda is a Japanese automaker recognized for its innovative designs and technology, particularly in the sports car segment with models like the MX-5 Miata. They focus on creating fun-to-drive vehicles.","simplifiedExplanation":"Mazda is a car company from Japan that makes a variety of vehicles, including sporty cars. They are known for their unique designs and good driving experience."}},{"startTime":1680.8,"endTime":1683.6,"type":"term","title":"profit margin","url":"/glossary/profit-margin","quote":"I think the writing's on the wall for profit margin. And I think these manufacturers know that and then they're going to have to get through it.","canonicalId":"term:profit-margin","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Profit margin is a measure of profitability that indicates how much money a company makes after accounting for costs. In the automotive context, it reflects the difference between the cost to produce a vehicle and its selling price.","simplifiedExplanation":"Profit margin shows how much money a company keeps from selling a car after paying for everything it took to make it. A higher profit margin means the company makes more money."}},{"startTime":1683.6,"endTime":1683.6,"type":"term","title":"0% financing","url":"/glossary/0-financing","quote":"the way they're going to get through it is by offering more 0% financing, more cash incentives, things like that to try and move the metal.","canonicalId":"term:0-financing","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"0% financing is a promotional offer where a buyer can finance a vehicle without paying any interest for a specified period. This can make monthly payments more affordable and encourage buyers to purchase a car.","simplifiedExplanation":"0% financing means you can borrow money to buy a car without having to pay any extra in interest. It's a way to make buying a car cheaper each month."}},{"startTime":1854.5,"endTime":1858.0,"type":"car","title":"Nissan Versa","url":"/cars/nissan/versa","image":"https://upload.wikimedia.org/wikipedia/commons/8/8a/2017_Nissan_Versa_Note_Red_Rental.jpg","quote":"You want to go pick up a Versa for under 25 grand and get a great deal?","canonicalId":"car:nissan:versa","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Nissan Versa is a subcompact car known for its affordability and fuel efficiency. It is often targeted at budget-conscious consumers looking for a reliable vehicle.","simplifiedExplanation":"The Nissan Versa is a small, affordable car that is good on gas. It's a popular choice for people who want a reliable vehicle without spending too much money.","imageAttribution":"formulanone (CC BY-SA 2.0)"}},{"startTime":1863.5,"endTime":1869.4,"type":"concept","title":"day supply of inventory","url":"/glossary/day-supply-of-inventory","quote":"Again, there are vehicles that have a high day supply of inventory that are cheap out there.","canonicalId":"concept:day-supply-of-inventory","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Day supply of inventory refers to the number of days it would take to sell the current stock of vehicles at the current sales rate. A high day supply indicates that a dealership has more cars than they can sell quickly, which can lead to discounts and better deals for buyers.","simplifiedExplanation":"Day supply of inventory means how long it would take to sell all the cars a dealership has. If there are too many cars, they might lower the prices to sell them faster."}},{"startTime":1901.5,"endTime":1908.64,"type":"car","title":"Porsche 718","url":"/cars/porsche/cayman","image":"https://upload.wikimedia.org/wikipedia/commons/b/b5/Manthey_Porsche_GT4_RS%2C_EMS_23%2C_Essen_%28P1160647-RR%29.jpg","quote":"... it.  Zach, sent you the Rennlist write up on the Porsche 718 Euro trip for you and Ray to enjoy seven countrie...","canonicalId":"car:porsche:cayman","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Porsche 718 Cayman GT4 is a high-performance sports car known for its exceptional handling and powerful flat-six engine. It represents the pinnacle of the Cayman lineup, offering a thrilling driving experience on both the road and the track. This car is often discussed for its blend of luxury and performance, making it a favorite among enthusiasts.","simplifiedExplanation":"The Porsche 718 Cayman GT4 is a really fast and sporty car that people love to drive. It's designed to be fun on the road and can also handle well on race tracks. Many car fans talk about it because it combines luxury with exciting performance.","imageAttribution":"Matti Blume (CC BY-SA)"}},{"startTime":1909.3,"endTime":1910.0,"type":"term","title":"Autobahn","url":"/glossary/autobahn","quote":"...175 miles an hour on the Autobahn in the Nürburgring. What a car.","canonicalId":"term:autobahn","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Autobahn is a network of high-speed highways in Germany known for having stretches without speed limits, allowing for high-speed driving. It's famous among car enthusiasts for the freedom it offers to experience a vehicle's performance.","simplifiedExplanation":"The Autobahn is a type of highway in Germany where there are no speed limits on certain sections. This means drivers can go as fast as they want, making it a popular place for car lovers to test their vehicles."}},{"startTime":1910.0,"endTime":1914.6,"type":"term","title":"Nürburgring","url":"/glossary/nurburgring-ab05d53b-79fd-416b-b4e6-e35f80a14244","quote":"...on the Autobahn in the Nürburgring. What a car.","canonicalId":"term:nurburgring-ab05d53b-79fd-416b-b4e6-e35f80a14244","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Nürburgring is a famous racetrack in Germany, known for its challenging layout and as a testing ground for many high-performance cars. It has a long history in motorsport and is often referred to as the 'Green Hell' due to its difficult and treacherous nature.","simplifiedExplanation":"The Nürburgring is a well-known race track in Germany that is famous for being very challenging. Many car companies use it to test their cars because of its tough turns and hills."}},{"startTime":1948.5,"endTime":1948.5,"type":"brand","title":"Ford","url":"/glossary/ford","quote":"I mean, what's Ford talking about with the lightning that they're just going to stop producing it all together.","canonicalId":"brand:ford","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Ford is an American automotive manufacturer known for producing a wide range of vehicles, including trucks, SUVs, and cars. The company has a long history and is one of the largest automakers in the world.","simplifiedExplanation":"Ford is a well-known car company from America that makes many types of vehicles, including trucks and cars. They have been around for a long time and are very popular."}},{"startTime":2106.56,"endTime":2110.18,"type":"car","title":"Chevrolet Silverado","url":"/cars/chevrolet/silverado","image":"https://upload.wikimedia.org/wikipedia/commons/3/37/%2713_Chevrolet_Silverado_HD_Crew_Cab_%28MIAS_%2713%29.jpg","quote":"...e're going to have to shut down production of the Silverado at two of our plants for two weeks.  That's all I...","canonicalId":"car:chevrolet:silverado","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Chevrolet Silverado is a full-size pickup truck that has been a staple in the American automotive market for decades. Known for its durability and versatility, it is popular among both work and leisure users. Recent discussions around the Silverado often focus on production challenges and its role in the truck segment.","simplifiedExplanation":"The Chevrolet Silverado is a big truck that many people use for work or to carry things around. It's known for being tough and reliable. Sometimes, people talk about it because there are issues with making enough of them to meet demand.","imageAttribution":"Bull-Doser (Public domain)"}}],"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-in-america-is-broken-episode-962/transcript.vtt","type":"text/vtt"}]}