{"version":"1.1.0","producer":"fm.getcarcurious","layer":"official","episode":{"title":"The Latest EDMUNDS DATA SHOCKS The Auto Industry | Episode 1097","url":"http://getcarcurious.com/episodes/the-latest-edmunds-data-shocks-the-auto-industry-episode-1097","audioUrl":"https://pdrl.fm/3359a6/pscrb.fm/rss/p/mgln.ai/e/1385/injector.simplecastaudio.com/14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9/episodes/93cfa545-691d-4a05-af75-adfaadbaee81/audio/128/default.mp3?aid=rss_feed&awCollectionId=14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9&awEpisodeId=93cfa545-691d-4a05-af75-adfaadbaee81&feed=gkrQ6WSC","description":"Today on CarEdge Live, Ray and Zach discuss the latest data from Edmunds. 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":[{"id":448095,"startTime":275.58,"endTime":277.8,"type":"car","title":"Honda Crv","url":"/cars/honda/cr-v","image":"https://upload.wikimedia.org/wikipedia/commons/9/9d/2017-2022_Honda_CR-V_Facelift_%28Back%29.jpg","quote":"Cox Automotive took a Honda CR-V, the base option back in 2026, excuse me, in 2016, the CR-V LX. And so you've got here a $23,745 base MSRP.","canonicalId":"car:honda:cr-v","priority":0.65,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The Honda CR-V is a mainstream compact SUV, and this segment uses it as a real-world example of how pricing can jump over time. Here, the host compares the 2016 CR-V LX to the 2026 base model and highlights what features (and omissions) changed alongside the price.","simplifiedExplanation":"The Honda CR-V is a popular SUV. The hosts are using it to show that a car that was much cheaper years ago can cost far more today, partly because the standard features and tech have changed.","imageAttribution":"Sebsoare2511 (CC0)","imageLicense":"CC0","imageSourceUrl":"https://commons.wikimedia.org/wiki/File:2017-2022_Honda_CR-V_Facelift_(Back).jpg"}},{"id":448096,"startTime":288.9,"endTime":288.9,"type":"term","title":"base MSRP","url":"/glossary/base-msrp","quote":"And so you've got here a $23,745 base MSRP. And here are the things that vehicle in 2016 didn't include.","canonicalId":"term:base-msrp","priority":0.55,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"MSRP (Manufacturer’s Suggested Retail Price) is the sticker price a manufacturer sets for a vehicle before taxes, registration, dealer fees, and add-ons. In this segment, “base MSRP” is used to compare the starting price of the CR-V across different model years.","simplifiedExplanation":"MSRP is the starting price on the car’s official sticker from the manufacturer. “Base MSRP” means the price for the simplest version of the car, before extra costs like taxes or dealer add-ons."}},{"id":448097,"startTime":292.4,"endTime":295.9,"type":"term","title":"2.4 liter naturally aspirated engine","url":"/glossary/2-4-liter-naturally-aspirated-engine","quote":"And here are the things that vehicle in 2016 didn't include. 2.4 liter naturally aspirated engine, five inch display.","canonicalId":"term:2-4-liter-naturally-aspirated-engine","priority":0.45,"confidence":0.85,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"A naturally aspirated engine makes power without a turbocharger or supercharger, relying on atmospheric pressure and engine design to draw in air. The “2.4 liter” part refers to engine displacement, which is the total volume of all cylinders.","simplifiedExplanation":"Naturally aspirated means the engine doesn’t use a turbo or supercharger to force air in. “2.4 liter” is the engine size, which affects how much air and fuel it can move."}},{"id":448098,"startTime":302.8,"endTime":306.5,"type":"term","title":"automatic emergency braking","url":"/glossary/automatic-emergency-braking","quote":"no Honda sensing suite, no automatic emergency braking, no lane keep, no wireless charging,","canonicalId":"term:automatic-emergency-braking","priority":0.4,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Automatic emergency braking (AEB) is a safety system that detects an imminent collision and applies the brakes automatically to reduce speed or help avoid the crash. It’s commonly paired with forward-collision warning.","simplifiedExplanation":"Automatic emergency braking is a safety feature that can brake for you if it thinks you’re about to hit something. It’s meant to reduce crash severity or help avoid the collision."}},{"id":448099,"startTime":302.8,"endTime":306.5,"type":"term","title":"lane keep","url":"/glossary/lane-keep","quote":"no automatic emergency braking, no lane keep, no wireless charging, no push button start,","canonicalId":"term:lane-keep","priority":0.35,"confidence":0.85,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Lane keep (often part of lane-keeping assist) helps keep the vehicle centered in its lane by providing steering or corrective input when the car drifts. It typically relies on cameras and lane markings.","simplifiedExplanation":"Lane keep helps prevent you from drifting out of your lane. It uses sensors to detect lane lines and can nudge the steering to keep you on track."}},{"id":448100,"startTime":304.9,"endTime":306.5,"type":"term","title":"wireless charging","url":"/glossary/wireless-charging","quote":"no lane keep, no wireless charging, no push button start, no automatic climate control.","canonicalId":"term:wireless-charging","priority":0.25,"confidence":0.8,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Wireless charging in a car usually refers to a charging pad that powers compatible phones without plugging in a cable. It’s a convenience feature that became more common as infotainment and connectivity expectations rose.","simplifiedExplanation":"Wireless charging lets you charge your phone without plugging in a cable, usually by setting it on a pad in the car. It’s a convenience feature that many newer cars include."}},{"id":448101,"startTime":306.5,"endTime":309.1,"type":"term","title":"push button start","url":"/glossary/push-button-start","quote":"no wireless charging, no push button start, no automatic climate control. Now, the price has gone up $11,000 on this vehicle.","canonicalId":"term:push-button-start","priority":0.2,"confidence":0.85,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Push button start replaces a traditional key turn with a button that starts the engine when the key fob is detected. It’s part of the broader shift toward keyless convenience features.","simplifiedExplanation":"Push button start means you start the car by pressing a button instead of turning a key. It usually works when your key fob is inside the car."}},{"id":448102,"startTime":313.5,"endTime":313.5,"type":"term","title":"average transaction price","url":"/glossary/average-transaction-price","quote":"We've got now a $38,778 as compared to $27,761 average transaction price for the 2026. The base model was $23,745 in 2016.","canonicalId":"term:average-transaction-price","priority":0.6,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Average transaction price is the typical amount buyers actually pay for a vehicle in real sales, not just the sticker price. This segment contrasts the CR-V’s base MSRP with the broader market’s average transaction price for 2026.","simplifiedExplanation":"Average transaction price is what people are paying in real-world deals. It’s different from the sticker price because it reflects discounts, incentives, and how dealers actually sell cars."}},{"id":448103,"startTime":429.7,"endTime":434.6,"type":"term","title":"Honda Sensing Suite","url":"/glossary/honda-sensing-suite","quote":"What if it didn't have, I don't know, a wireless charging pad, a Honda Sensing Suite for all trims? What if it didn't have lane keeping and adaptive cruise control?","canonicalId":"term:honda-sensing-suite","priority":0.55,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Honda Sensing Suite is Honda’s package of driver-assistance features, typically including things like lane-keeping and adaptive cruise control. When it’s included on all trims, it raises the “standard equipment” level even on the cheapest versions.","simplifiedExplanation":"Honda Sensing Suite is Honda’s set of safety/driver-assist features. In this context, the speaker is saying the base car might cost more because these features are being added to every trim."}},{"id":448104,"startTime":434.6,"endTime":439.1,"type":"term","title":"adaptive cruise control","url":"/glossary/adaptive-cruise-control","quote":"What if it didn't have lane keeping and adaptive cruise control? What if it didn't have 18 inch alloy wheels and automatic climate control?","canonicalId":"term:adaptive-cruise-control","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Adaptive cruise control is cruise control that automatically adjusts speed to maintain a set distance from the car ahead. It’s more complex than basic cruise control and is often bundled with other driver-assist features in a safety suite.","simplifiedExplanation":"Adaptive cruise control is like regular cruise control, but it can slow down and speed up to keep a safe distance from the car in front. It’s one of the tech features that can make a “base” car more expensive."}},{"id":448105,"startTime":439.1,"endTime":445.1,"type":"term","title":"18 inch alloy wheels","url":"/glossary/18-inch-alloy-wheels-f0f4dfd5-d3af-4b4b-b60f-bf9516a1f9d9","quote":"What if it didn't have lane keeping and adaptive cruise control? What if it didn't have 18 inch alloy wheels and automatic climate control?","canonicalId":"term:18-inch-alloy-wheels","priority":0.35,"confidence":0.85,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"18-inch alloy wheels are larger wheels made from an aluminum alloy, typically paired with lower-profile tires than smaller wheel sizes. Wheel size and material affect ride feel, tire cost, and how manufacturers spec “base” trims.","simplifiedExplanation":"These are car wheels that are 18 inches across, made from metal alloy. Bigger wheels often come with different tires and can be part of the reason a car’s “base” price isn’t as low as it used to be."}},{"id":448106,"startTime":439.1,"endTime":445.1,"type":"term","title":"automatic climate control","url":"/glossary/automatic-climate-control","quote":"What if it didn't have 18 inch alloy wheels and automatic climate control? I mean, what, what could the price of that vehicle be if it was really a base","canonicalId":"term:automatic-climate-control","priority":0.3,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Automatic climate control automatically regulates cabin temperature using sensors and actuators, rather than requiring manual fan/temperature adjustments. It’s a common convenience feature that can be included on more trims, narrowing the gap between base and higher-priced models.","simplifiedExplanation":"Automatic climate control is the system that keeps the cabin at a set temperature for you. Instead of you constantly adjusting knobs, it manages the heating/cooling automatically."}},{"id":448107,"startTime":506.9,"endTime":520.6,"type":"concept","title":"new vehicles nearly gone","url":"/glossary/new-vehicles-nearly-gone","quote":"But dad, this is the whole story here, which is these manufacturers have increased, excuse me, the content levels and the price points and the data back from Edmunds continues to corroborate this $25,000 new vehicles nearly gone.","canonicalId":"concept:new-vehicles-nearly-gone","priority":0.7,"confidence":0.75,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"This refers to a market shift where very low-priced new cars are becoming scarce. The speaker ties it to Edmunds data, arguing that buyers are increasingly forced into higher-priced trims because the cheapest options are disappearing.","simplifiedExplanation":"They’re saying the cheapest new cars are getting harder to find. As a result, people who want a low price may end up paying more because the “basic” versions aren’t widely available."}},{"id":448108,"startTime":556.2,"endTime":606.0,"type":"concept","title":"base models","url":"/glossary/base-models","quote":"Well, part of the problem is, is we lost base models... And so they increased the content of their next step up and made it your base model...","canonicalId":"concept:base-models","priority":0.55,"confidence":0.86,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"“Base models” are the lowest-trim versions of a vehicle, typically with fewer standard features and a lower starting price. The discussion here is about how removing base models raises the effective entry price, making it harder for lower-budget buyers to move up to newer vehicles.","simplifiedExplanation":"A “base model” is the cheapest version of a car. It usually has fewer features, but it costs less—so taking them away can make it harder to afford a new car."}},{"id":448109,"startTime":627.9,"endTime":641.3,"type":"concept","title":"affordability","url":"/glossary/affordability","quote":"It is we can't, as an industry, constantly for the last three years, talk about affordability, OK, and do nothing about it.","canonicalId":"concept:affordability","priority":0.45,"confidence":0.78,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"In auto-industry talk, “affordability” usually refers to whether typical buyers can realistically afford a new vehicle at current prices and financing costs. The host’s point is that the industry has been discussing affordability without changing product strategy enough to actually lower entry prices.","simplifiedExplanation":"“Affordability” here means whether regular people can afford to buy a new car. The host is saying the industry talks about it, but doesn’t do enough to make cars cheaper to start with."}},{"id":448110,"startTime":661.5,"endTime":673.44,"type":"concept","title":"decontent their vehicles","url":"/glossary/decontent-their-vehicles","quote":"And there are ways if the manufacturers, the automakers were willing, there are ways for them to decontent their vehicles and bring prices down.","canonicalId":"concept:decontent-their-vehicles","priority":0.6,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"“Decontent” means removing features/equipment from a vehicle to reduce cost and lower the selling price. In this segment, the host argues automakers could decontent (simplify) cars to bring prices down and improve affordability.","simplifiedExplanation":"“Decontent” means making a car simpler by removing some features. The goal is usually to lower the price so more people can afford it."}},{"id":448111,"startTime":691.9,"endTime":699.0,"type":"term","title":"decontented vehicles","url":"/glossary/decontented-vehicles","quote":"So they came out with Oxford editions, which were decontented vehicles\n[696.7s] that were in the low 20s.","canonicalId":"term:decontented-vehicles","priority":0.55,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"A “decontented” vehicle is a version of a model with fewer features or options than the standard trim. Automakers do this to hit a lower price point when demand is price-sensitive or when they need to protect margins.","simplifiedExplanation":"“Decontented” just means the car was made with fewer features to lower the price. It’s like a stripped-down version so more people can afford it."}},{"id":448112,"startTime":721.6,"endTime":727.5,"type":"concept","title":"bad bets they made on the EVs","url":"/glossary/bad-bets-they-made-on-the-evs","quote":"And so maybe they don't find themselves at least they don't think\n[735.2s] they can find themselves in a position to decontent cars,\n[739.2s] produce lower profit margin cars for them, but produce more affordable cars","canonicalId":"concept:bad-bets-they-made-on-the-evs","priority":0.35,"confidence":0.75,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"This refers to automakers committing too much investment and production capacity toward electric vehicles before the market demand and economics were ready. The result can be financial strain when sales don’t scale as expected or when costs remain high.","simplifiedExplanation":"The host is saying some car companies invested heavily in EVs too early. If EV sales or pricing didn’t work out the way they expected, it can hurt their finances."}},{"id":448113,"startTime":739.2,"endTime":747.1,"type":"term","title":"profit margin","url":"/glossary/profit-margin","quote":"produce lower profit margin cars for them, but produce more affordable cars\n[747.1s] so that the new car market could actually grow because there could be","canonicalId":"term:profit-margin","priority":0.45,"confidence":0.85,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Profit margin is the percentage of revenue that turns into profit after costs. In car pricing discussions, “lower profit margin cars” means the automaker earns less money per vehicle, even if it sells more units.","simplifiedExplanation":"Profit margin is how much money a company keeps from each sale after paying costs. A lower profit margin means they make less profit per car, even if they sell more cars."}},{"id":448114,"startTime":787.0,"endTime":792.0,"type":"term","title":"entry point","url":"/glossary/entry-point","quote":"with the decidedly mid-range EX now positioned as the CRV's entry point.\n\nThis takes the base price up to $32,355","canonicalId":"term:entry-point","priority":0.45,"confidence":0.75,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"“Entry point” here means the lowest-priced trim that functions as the practical starting option for buyers. When the entry point moves from a base trim to something like the EX, the model’s real starting cost rises even if the vehicle name stays the same.","simplifiedExplanation":"“Entry point” means the cheapest version you can realistically buy. If the entry point moves to a higher trim, the starting price goes up."}},{"id":448115,"startTime":791.2,"endTime":799.0,"type":"term","title":"freight charge","url":"/glossary/freight-charge","quote":"This takes the base price up to $32,355, including a nearly $1,250 freight\ncharge that works out to $1,800 more year over year.","canonicalId":"term:freight-charge","priority":0.55,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"A freight charge is the added cost to move the vehicle from the factory to the dealership. In this segment, the host notes a nearly $1,250 freight charge that increases the effective year-over-year cost of the CR-V’s entry price.","simplifiedExplanation":"A freight charge is the fee for shipping the car from where it’s built to the dealer. It’s often added on top of the sticker price."}},{"id":448116,"startTime":807.3,"endTime":814.0,"type":"term","title":"trimflation","url":"/glossary/trimflation","quote":"Honda went through this process during the pandemic\nand many other automakers did too of trimflation,\ngetting rid of major level options and we've seen it now.","canonicalId":"term:trimflation","priority":0.7,"confidence":0.92,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Trimflation is when automakers effectively raise the price of a model by removing cheaper base trims and pushing buyers toward higher trims. Instead of changing the vehicle’s headline “base” price, the lineup is reorganized so the entry point becomes more expensive.","simplifiedExplanation":"Trimflation means car makers quietly make the cheapest version harder to find. They drop lower trims and leave higher, pricier versions as the new “starting point.”"}},{"id":448117,"startTime":847.5,"endTime":852.64,"type":"concept","title":"haves and the have not","url":"/glossary/haves-and-the-have-not","quote":"You come on this show all the time and you talk about how there's the haves and\nthe have not.\n\nSo here's Edmunds saying the same thing.","canonicalId":"concept:haves-and-the-have-not","priority":0.35,"confidence":0.7,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"This is a shorthand concept for a widening split in the market: higher-income buyers can afford the more expensive vehicles, while lower-income buyers are squeezed out. The host ties it to the data showing more of the market shifting toward higher-priced SUVs and pickups.","simplifiedExplanation":"The host is using “haves and have not” to describe a gap in who can afford today’s prices. The cheaper end of the market shrinks while pricier vehicles take over more of the sales mix."}},{"id":448118,"startTime":873.6,"endTime":877.0,"type":"concept","title":"affordable large SUV no longer exists","url":"/glossary/affordable-large-suv-no-longer-exists","quote":"I mean, they say right here, the affordable large SUV no longer exists. Dad, you want a large SUV?","canonicalId":"concept:affordable-large-suv-no-longer-exists","priority":0.55,"confidence":0.75,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The host is describing a pricing shift in the large three-row SUV segment: what used to feel “affordable” is now priced like a premium product. When most sales move above a certain price threshold, shoppers who want a large family SUV end up priced out.","simplifiedExplanation":"They’re saying that big family SUVs (with three rows) have gotten so expensive that the “budget” version basically disappeared. So people who want that space have to look at other vehicle types or pay more."}},{"id":448119,"startTime":878.4,"endTime":880.1,"type":"term","title":"three rows","url":"/glossary/three-rows","quote":"Dad, you want a large SUV? We're talking three rows. You're going to have to spend more than 60,000.","canonicalId":"term:three-rows","priority":0.35,"confidence":0.6,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"“Three rows” describes seating layouts with capacity for multiple passengers across three separate seat rows (front, second, and third). It’s a key differentiator for large family SUVs because it determines how many people can ride together.","simplifiedExplanation":"“Three rows” means the vehicle has seats in three sections, so it can carry more people—usually up to seven or eight depending on the model. It’s the main reason these SUVs are popular for families."}},{"id":448120,"startTime":883.3,"endTime":892.0,"type":"concept","title":"minivans are making a comeback","url":"/glossary/minivans-are-making-a-comeback","quote":"which is one of the reasons why many vans are making a comeback because they're $10,000 to $20,000 less than those SUVs.","canonicalId":"concept:minivans-are-making-a-comeback","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"A “comeback” refers to a reversal of a prior sales decline—minivans gaining share again. The host ties it to economics: minivans are typically $10,000 to $20,000 less than comparably equipped large SUVs.","simplifiedExplanation":"They’re saying minivans are selling better again after a period where they were losing popularity. One reason is that they cost less than big three-row SUVs with similar features."}},{"id":448121,"startTime":906.8,"endTime":911.9,"type":"term","title":"stow away","quote":"They're more versatile than those SUVs because in many cases, seats either stow away or can be removed completely.","canonicalId":"term:stow-away","priority":0.4,"confidence":0.65,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"“Stow away” refers to seats that fold into the vehicle floor or otherwise disappear to create more cargo space. In minivans, this is part of the modular interior design that makes them more flexible than many SUVs.","simplifiedExplanation":"They mean the seats can fold up and disappear into the vehicle so you get more room for luggage or gear. That flexibility is one reason minivans can be more practical than some SUVs."}},{"id":448122,"startTime":915.4,"endTime":923.6,"type":"concept","title":"market adjustment","url":"/glossary/market-adjustment","quote":"So we see a slight market adjustment to where we see increases in minivan sales. That was a market that had been declining.","canonicalId":"concept:market-adjustment","priority":0.45,"confidence":0.7,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"A “market adjustment” here means consumer demand shifting between vehicle categories due to pricing and value changes. As SUVs get more expensive, buyers look for alternatives that deliver similar family utility for less money.","simplifiedExplanation":"They mean the market is changing—people are buying different types of vehicles because prices moved. When SUVs cost more, shoppers often switch to something cheaper that still fits their needs."}},{"id":448123,"startTime":953.2,"endTime":960.38,"type":"term","title":"chips","url":"/glossary/chips","quote":"We realize that, yes, there was a limited number of chips that were","canonicalId":"term:chips","priority":0.6,"confidence":0.85,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"In automotive, “chips” usually means semiconductor components used in engine management, infotainment, driver-assistance systems, and many other electronics. Chip shortages can limit production and raise prices because automakers can’t build complete vehicles without them.","simplifiedExplanation":"They’re talking about computer chips inside cars. If there aren’t enough chips, carmakers can’t finish building cars, which can reduce supply and push prices up."}},{"id":448124,"startTime":1075.02,"endTime":1079.84,"type":"car","title":"Honda Odyssey","url":"/cars/honda/odyssey","image":"https://upload.wikimedia.org/wikipedia/commons/a/ac/2018_Honda_Odyssey_front_3.16.18.jpg","quote":"Okay.\nAnd let's see what those price points are or Honda Odyssey's.\nNo, let's do the Carnival.","canonicalId":"car:honda:odyssey","priority":0.35,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The Honda Odyssey is a minivan built around family hauling, with a focus on interior space, sliding doors, and easy access for passengers. In this segment, it’s mentioned as part of a comparison of van pricing versus SUVs, highlighting how minivans can be positioned as a more affordable alternative.","simplifiedExplanation":"The Honda Odyssey is a family minivan. It’s the kind of vehicle people buy when they need lots of room for passengers, and here it’s brought up while comparing van prices to SUV prices.","imageAttribution":"Kevauto (CC BY-SA 4.0)","imageLicense":"CC BY-SA 4.0","imageSourceUrl":"https://commons.wikimedia.org/wiki/File:2018_Honda_Odyssey_front_3.16.18.jpg"}},{"id":448125,"startTime":1080.2,"endTime":1083.2,"type":"car","title":"Kia Carnival","url":"/cars/kia/carnival-sedona","image":"https://upload.wikimedia.org/wikipedia/commons/c/c1/2001_Kia_Carnival_%28KV_II%29_Classic_van_%282015-07-03%29.jpg","quote":"No, let's do the Carnival.\nThat's a great idea.\nYeah.","canonicalId":"car:kia:carnival","priority":0.35,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The Kia Carnival is a modern minivan that blends family practicality with a more upscale, SUV-like look and features. Here, it’s used as an example while discussing how van pricing varies and why minivans are gaining popularity compared with more expensive SUVs.","simplifiedExplanation":"The Kia Carnival is a minivan from Kia. In this discussion, it’s mentioned to help explain how minivan prices can be lower than SUVs, which is part of why more people are choosing them.","imageAttribution":"OSX (Public domain)","imageLicense":"Public domain","imageSourceUrl":"https://commons.wikimedia.org/wiki/File:2001_Kia_Carnival_(KV_II)_Classic_van_(2015-07-03).jpg"}},{"id":448126,"startTime":1094.7,"endTime":1100.0,"type":"term","title":"original MSRP","url":"/glossary/original-msrp","quote":"We've got anything ranging from original MSRP of $51,595 to $40,980, $41,000.\n\nDefinitely seeing lower price points so far, but also some of them get quite","canonicalId":"term:original-msrp","priority":0.25,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"MSRP (Manufacturer’s Suggested Retail Price) is the sticker price a carmaker sets for a vehicle before taxes, registration, and dealer fees. In this segment, “original MSRP” is used to compare how different vans start at different price points.","simplifiedExplanation":"MSRP is the price listed on the car when it’s new—basically the starting point the manufacturer recommends. They’re using it here to compare how expensive different vans are at the start."}},{"id":448127,"startTime":1137.3,"endTime":1163.0,"type":"concept","title":"reading between the tea leaves","url":"/glossary/reading-between-the-tea-leaves","quote":"And, and it would seem to me that if manufacturers are seeing an increase in\nsales in those vehicles, that they, I would hope are equally as bright as I am\nwhen it comes to reading between the tea leaves.\n\nAnd the reason for that growth is because those are more affordable than\nthe more expensive SUVs.","canonicalId":"concept:reading-between-the-tea-leaves","priority":0.3,"confidence":0.75,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"“Reading between the tea leaves” here means interpreting sales and pricing trends to infer what automakers are thinking or planning. The hosts connect van popularity to affordability versus SUVs, suggesting that manufacturers should notice the same signals and respond."}},{"id":448128,"startTime":1466.4,"endTime":1473.3,"type":"term","title":"monthly payment math","url":"/glossary/monthly-payment-math","quote":"They say monthly payment math income adjusted affordability has hardly moved. [1470.4s] The payment shock is real, but it's not the car.","canonicalId":"term:monthly-payment-math","priority":0.45,"confidence":0.75,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"“Monthly payment math” refers to how loan terms and interest rates translate a car’s price into a monthly payment. When rates rise, the same loan amount can produce a higher payment, which can make cars feel less affordable even if prices don’t rise as much.","simplifiedExplanation":"“Monthly payment math” is how the car price and the loan details turn into what you pay each month. Higher interest rates usually make that monthly number bigger."}},{"id":448129,"startTime":1470.4,"endTime":1473.3,"type":"concept","title":"payment shock","url":"/glossary/payment-shock","quote":"The payment shock is real, but it's not the car. [1473.3s] So let's go through this before you react.","canonicalId":"concept:payment-shock","priority":0.55,"confidence":0.85,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"“Payment shock” is the idea that monthly payments can jump quickly due to financing conditions like interest rates. It’s a different signal than price increases because payments are heavily driven by loan rate and loan structure.","simplifiedExplanation":"“Payment shock” means your monthly car bill can jump a lot, often because the loan interest rate changes. Even if the car price didn’t rise much, the payment can still feel much higher."}},{"id":448130,"startTime":1498.8,"endTime":1508.4,"type":"term","title":"basis point","url":"/glossary/basis-point","quote":"And they're saying that the 320 basis point increase in auto loan rates from 6.35% to 9.53% [1508.4s] is the real culprit for why we have an affordability crisis, rates, not price.","canonicalId":"term:basis-point","priority":0.6,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"A basis point (bp) is a unit used to describe interest-rate changes, where 1 bp equals 0.01%. So a 320-basis-point increase means the rate rose by 3.20 percentage points.","simplifiedExplanation":"A basis point is a tiny way to measure interest-rate changes. 100 basis points equals 1 full percentage point, so 320 basis points is a 3.2% increase."}},{"id":448131,"startTime":1498.8,"endTime":1512.0,"type":"term","title":"auto loan rates","url":"/glossary/auto-loan-rates","quote":"And they're saying that the 320 basis point increase in auto loan rates from 6.35% to 9.53% [1508.4s] is the real culprit for why we have an affordability crisis, rates, not price.","canonicalId":"term:auto-loan-rates","priority":0.55,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Auto loan rates are the interest rates charged on financing for a vehicle purchase. Even if sticker prices don’t change much, higher loan rates increase the monthly payment because you’re paying more interest over the loan’s life.","simplifiedExplanation":"Auto loan rates are the interest rate you get when you finance a car. If the rate goes up, your monthly payment usually goes up too, even if the car price stays similar."}},{"id":448132,"startTime":1522.7,"endTime":1527.3,"type":"concept","title":"loan term length","url":"/glossary/loan-term-length","quote":"payments, dad, which obviously we're not factoring in loan term length into that right now, [1527.3s] but whatever, we'll set that aside for a second.","canonicalId":"concept:loan-term-length","priority":0.35,"confidence":0.85,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Loan term length is how long you have to repay an auto loan (for example, 36, 60, or 72 months). Longer terms can lower the monthly payment, but they often increase total interest paid over time.","simplifiedExplanation":"Loan term length is how many months you have to pay off the car loan. A longer loan can make the monthly payment smaller, but you usually pay more interest overall."}},{"id":448133,"startTime":1767.96,"endTime":1773.28,"type":"car","title":"Toyota RAV4","url":"/cars/toyota/rav4","image":"https://upload.wikimedia.org/wikipedia/commons/5/5b/2021_Toyota_RAV4_PHV.jpg","quote":"...ler on and he's got a four month waitlist to sell RAV4s. So it's like, there's enough people out there an...","canonicalId":"car:toyota:rav4","priority":0.5,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The Toyota RAV4 is a compact SUV known for being practical for everyday driving and family use. In the podcast context, it’s being discussed because demand is high enough that buyers may face long waitlists to get one. That kind of availability issue often comes up when a popular model is selling faster than it can be produced.","simplifiedExplanation":"The Toyota RAV4 is a small SUV made for everyday driving, with extra space compared to a sedan. The podcast mentions it because many people want it, so there can be a long wait to buy one. That usually means the supply isn’t keeping up with demand.","imageAttribution":"TTTNIS (CC0)","imageLicense":"CC0","imageSourceUrl":"https://commons.wikimedia.org/wiki/File:2021_Toyota_RAV4_PHV.jpg"}}],"speakers":[{"id":"s1","name":"Ray Shefska","role":"host"},{"id":"s2","name":"Zach Shefska","role":"host"}],"transcripts":[{"url":"http://getcarcurious.com/episodes/the-latest-edmunds-data-shocks-the-auto-industry-episode-1097/transcript.vtt","type":"text/vtt"}]}