{"version":"1.0.0","episode":{"title":"The Used Car Market Is In SERIOUS TROUBLE | Episode 1036","url":"http://getcarcurious.com/episodes/the-used-car-market-is-in-serious-trouble-episode-1036","audioUrl":"https://pdrl.fm/3359a6/pscrb.fm/rss/p/mgln.ai/e/1385/injector.simplecastaudio.com/14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9/episodes/eef17fe9-60cf-4c85-bfa0-67563d855ec8/audio/128/default.mp3?aid=rss_feed&awCollectionId=14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9&awEpisodeId=eef17fe9-60cf-4c85-bfa0-67563d855ec8&feed=gkrQ6WSC","description":"Today on CarEdge Live, Ray and Zach discuss the latest news on the used 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":16.0,"endTime":23.7,"type":"term","title":"used car market","url":"/glossary/used-car-market","quote":"And on Feisty Friday, we're going to talk about how the used car market is in serious trouble. I'll turn it over to you now.","canonicalId":"term:used-car-market","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"The used car market refers to the buying and selling of pre-owned vehicles. It is influenced by factors like vehicle supply, demand, pricing, and economic conditions, impacting car values and availability.","simplifiedExplanation":"The used car market is where people buy and sell cars that have been owned before. How much these cars cost and how many are available can change a lot depending on the economy and other things."}},{"startTime":80.7,"endTime":86.8,"type":"term","title":"Blackbook Market Insights","url":"/glossary/blackbook-market-insights","quote":"We also have the Blackbook Market Insights, which shows continued appreciation of used vehicles. Let's start there, dad.","canonicalId":"term:blackbook-market-insights","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Blackbook Market Insights is a data service that tracks vehicle values and trends in the automotive market. It provides information on used car prices and market appreciation, helping buyers and sellers understand current pricing dynamics.","simplifiedExplanation":"Blackbook Market Insights is a tool that shows how much used cars are worth and how their prices are changing. It helps people know if car prices are going up or down."}},{"startTime":104.0,"endTime":115.5,"type":"term","title":"affordability of new cars","url":"/glossary/affordability-of-new-cars","quote":"Quite honestly, I think that has everything to do with the affordability of new cars out there. I think many new car dealers and the independent used car dealers have realized that...","canonicalId":"term:affordability-of-new-cars","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Affordability of new cars refers to how easily consumers can buy new vehicles based on their prices relative to income and financing options. When new cars are expensive, it can increase demand and prices for used cars.","simplifiedExplanation":"How easy it is for people to buy new cars depends on the price and their money. If new cars cost a lot, more people might look for used cars instead."}},{"startTime":184.9,"endTime":208.8,"type":"term","title":"supply and demand","url":"/glossary/supply-and-demand","quote":"That's the dynamic. We talk about it all the time. It's supply and demand. We know that the quality of used vehicles for sale right now...","canonicalId":"term:supply-and-demand","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Supply and demand is an economic principle describing how the availability of products (supply) and the desire for them (demand) affect prices. When supply is low and demand is high, prices tend to increase.","simplifiedExplanation":"Supply and demand means how many things are available and how many people want them. If there aren't many cars but lots of people want to buy, prices go up."}},{"startTime":197.8,"endTime":203.1,"type":"term","title":"repossession","url":"/glossary/repossession","quote":"many of the vehicles for sale at dealer auctions, more so than ever before, are repossessed vehicles. This is why the used car market is in some serious trouble right now.","canonicalId":"term:repossession","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Repossession refers to vehicles taken back by lenders when borrowers fail to make payments. These repossessed cars often enter the used car market, sometimes affecting the overall quality and pricing of available vehicles.","simplifiedExplanation":"Repossession happens when someone can't pay their car loan, so the bank takes the car back. These cars are then sold again as used cars."}},{"startTime":225.5,"endTime":232.2,"type":"term","title":"appreciation","url":"/glossary/appreciation","quote":"We're seeing appreciation of used cars again. Yes. The spread is still big enough between the new car and the used car that people who realize they can't afford that new car will gladly fork over a little too much money for that pre-owned car...","canonicalId":"term:appreciation","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Appreciation in the context of used cars means an increase in the vehicle's market value over time, which is unusual since most cars typically depreciate after purchase.","simplifiedExplanation":"Appreciation means a car's price goes up instead of down. Usually, cars lose value, but sometimes used cars get more expensive."}},{"startTime":274.7,"endTime":282.2,"type":"term","title":"monthly payment buyers","url":"/glossary/monthly-payment-buyers","quote":"since 85% of all buyers out there are monthly payment buyers, that $550 is going to seem affordable even though you paid too much.","canonicalId":"term:monthly-payment-buyers","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Monthly payment buyers are consumers who focus primarily on the monthly cost of financing a vehicle rather than the total purchase price, influencing their buying decisions and affordability perception.","simplifiedExplanation":"Monthly payment buyers look at how much they pay each month for a car instead of the full price. This helps them decide what they can afford."}},{"startTime":290.0,"endTime":296.5,"type":"term","title":"day supply","url":"/glossary/day-supply","quote":"the used car market is in serious trouble in the sense that prices are going up and day supply is going down. Well, this is the time of year that day supply does go down because, well, we're in the spring selling season and tax season.","canonicalId":"term:day-supply","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Day supply is a metric indicating how many days it would take to sell the current inventory of vehicles at the current sales pace. Lower day supply means fewer cars are available relative to demand.","simplifiedExplanation":"Day supply shows how many days it would take to sell all the cars available right now. If day supply is low, it means there aren't many cars to buy."}},{"startTime":296.5,"endTime":301.8,"type":"concept","title":"spring selling season","url":"/glossary/spring-selling-season","quote":"Well, this is the time of year that day supply does go down because, well, we're in the spring selling season and tax season.","canonicalId":"concept:spring-selling-season","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"The spring selling season refers to a period when vehicle sales typically increase due to factors like tax refunds and better weather, often affecting used car availability and prices.","simplifiedExplanation":"Spring selling season is the time in spring when more people buy and sell cars, often because they get tax refunds or the weather is nicer."}},{"startTime":296.5,"endTime":301.8,"type":"concept","title":"tax season","url":"/glossary/tax-season","quote":"Well, this is the time of year that day supply does go down because, well, we're in the spring selling season and tax season.","canonicalId":"concept:tax-season","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Tax season is the time of year when individuals file income tax returns and often receive refunds, which can increase consumer spending including on vehicles, impacting the used car market.","simplifiedExplanation":"Tax season is when people do their taxes and sometimes get money back. This extra money can help them buy cars."}},{"startTime":312.7,"endTime":319.1,"type":"term","title":"full-size cars","url":"/glossary/full-size-cars","quote":"Look at this chart, Dad. Full-size cars. What the heck? Full-size cars. Why did they appreciate in one week by $218?","canonicalId":"term:full-size-cars","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Full-size cars are large passenger vehicles typically offering more interior space and comfort, often used as family cars or for executive transport.","simplifiedExplanation":"Full-size cars are big cars with lots of room inside for people and luggage."}},{"startTime":319.1,"endTime":331.18,"type":"term","title":"sports cars","url":"/glossary/sportscars","quote":"You can see some of the other trends here. Compact car prices are up. Sports car prices that are up. You can see","canonicalId":"term:sportscars","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Sports cars are vehicles designed for performance driving, often with powerful engines, sporty handling, and distinctive styling.","simplifiedExplanation":"Sports cars are cars made to go fast and handle well, often looking sporty and fun to drive."}},{"startTime":319.1,"endTime":326.5,"type":"term","title":"compact cars","url":"/glossary/compact-cars","quote":"You can see some of the other trends here. Compact car prices are up. Sports car prices that are up.","canonicalId":"term:compact-cars","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Compact cars are smaller passenger vehicles designed for efficiency and ease of maneuvering, popular in urban environments and for economical driving.","simplifiedExplanation":"Compact cars are smaller cars that are easier to park and use less gas."}},{"startTime":331.2,"endTime":336.6,"type":"concept","title":"vehicle depreciation","url":"/glossary/vehicle-depreciation","quote":"its luxury vehicles are where we're seeing the depreciation happen week over week. We're seeing earlier than we've seen in the past,","canonicalId":"concept:vehicle-depreciation","priority":0.9,"confidence":0.95,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Vehicle depreciation is the loss of a car's value over time due to factors like age, mileage, and wear. Luxury vehicles often experience significant depreciation shortly after purchase.","simplifiedExplanation":"Cars usually lose value as they get older and used more. This is called depreciation, and it means the car is worth less money than when it was new."}},{"startTime":353.4,"endTime":360.4,"type":"concept","title":"full-size SUV","url":"/glossary/full-size-suv","quote":"It is, but my suspicion would be is that many people are thinking, okay, maybe a full-size car instead of a full-size SUV.","canonicalId":"concept:full-size-suv","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Full-size SUVs are large sport utility vehicles known for their spaciousness and towing capacity but generally lower fuel efficiency compared to smaller vehicles.","simplifiedExplanation":"Full-size SUVs are big cars that can carry many people and stuff but use more gas. People sometimes choose smaller cars instead to save money on fuel."}},{"startTime":372.9,"endTime":391.0,"type":"concept","title":"fuel efficiency","url":"/glossary/fuel-efficiency","quote":"It wouldn't surprise me if compact, more fuel-efficient cars escalate in value much more quickly than those well-gas guzzling big-ass SUVs.","canonicalId":"concept:fuel-efficiency","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Fuel efficiency measures how far a vehicle can travel on a certain amount of fuel. More fuel-efficient cars consume less gas, which is important when gas prices rise.","simplifiedExplanation":"Fuel efficiency means how much gas a car uses. Cars that use less gas are better when gas prices go up."}},{"startTime":425.7,"endTime":430.2,"type":"concept","title":"subcompact crossover","url":"/glossary/subcompact-crossover","quote":"this chart is showing you week over week what happened to subcompact crossover wholesale used car prices.","canonicalId":"concept:subcompact-crossover","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"A subcompact crossover is a small SUV-like vehicle built on a car platform, offering better fuel economy and easier maneuverability than larger SUVs.","simplifiedExplanation":"Subcompact crossovers are small SUVs that use less gas and are easier to drive in the city."}},{"startTime":440.3,"endTime":445.0,"type":"concept","title":"trade-in value","url":"/glossary/trade-in-value","quote":"if you're the proud owner of a full-size car, it means you're trade-in. It just went up in value significantly.","canonicalId":"concept:trade-in-value","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Trade-in value is the amount a dealership offers you for your current vehicle when you use it as part of the payment for another car.","simplifiedExplanation":"Trade-in value is how much money a dealer gives you for your old car when you want to buy a new one."}},{"startTime":511.3,"endTime":520.1,"type":"term","title":"negative equity","url":"/glossary/negative-equity","quote":"...we'll roll a tremendous amount of negative equity from the less fuel-efficient vehicle into their new better efficient vehicle.","canonicalId":"term:negative-equity","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Negative equity occurs when the value of a vehicle is less than the amount owed on its loan. This means the owner owes more than the car is worth, which can complicate trading in or selling the vehicle.","simplifiedExplanation":"Negative equity means you owe more money on your car than it is actually worth. So if you sell or trade it in, you still have to pay the difference."}},{"startTime":571.9,"endTime":584.5,"type":"term","title":"gas prices","url":"/glossary/gas-prices","quote":"Gas prices, we do have an update today. Month over month, we're at about a dollar more expensive per gallon of gas. That is insane appreciation in gas prices...","canonicalId":"term:gas-prices","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Gas prices refer to the cost per gallon of gasoline, which can fluctuate due to market conditions and affect consumer behavior, especially in vehicle purchasing decisions.","simplifiedExplanation":"Gas prices are how much it costs to fill up your car with fuel. When gas prices go up, people often look for cars that use less gas to save money."}},{"startTime":601.8,"endTime":614.4,"type":"term","title":"inventory","url":"/glossary/inventory","quote":"...there are fewer quality used vehicles for sale, yet sales are up. Well, that is most acute, excuse me, for used cars priced below $15,000. They have the lowest level of availability, a 31 days supply, nine days below the industry average.","canonicalId":"term:inventory","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Inventory in the used car market means the number of used vehicles available for sale. Low inventory can drive prices up and limit choices for buyers.","simplifiedExplanation":"Inventory is how many used cars are available for people to buy. When there aren’t many cars to choose from, it can be harder and more expensive to find one."}},{"startTime":607.7,"endTime":614.4,"type":"term","title":"days supply","url":"/glossary/days-supply","quote":"They have the lowest level of availability, a 31 days supply, nine days below the industry average. Think about that for a second.","canonicalId":"term:days-supply","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Days supply is a metric that indicates how many days it would take to sell all the current inventory at the current sales pace. A lower days supply means inventory is moving quickly and is scarce.","simplifiedExplanation":"Days supply tells you how many days it would take to sell all the cars available if no new cars came in. A low number means cars are selling fast and there aren’t many left."}},{"startTime":633.58,"endTime":640.94,"type":"car","title":"Chevrolet Trax","url":"/cars/chevrolet/trax","image":"https://upload.wikimedia.org/wikipedia/commons/d/d2/2021_Chevrolet_Trax_LT%2C_Windsor%2C_Ontario%2C_2025-07-01.jpg","quote":"There was a great article in the Autopian today, thinking about buying a used car, look at a new Chevy Trax instead. It's actually a better value to look at a new Chevy Trax with a manufacturer.","canonicalId":"car:chevrolet:trax","priority":0.5,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"The Chevrolet Trax is a subcompact crossover SUV known for its affordability and fuel efficiency. It is often considered a good value for buyers looking for a new small SUV.","simplifiedExplanation":"The Chevy Trax is a small SUV that is easy to drive and doesn’t use much gas. It’s a good choice if you want a new car that won’t cost too much.","imageAttribution":"Crisco 1492 (CC BY-SA 4.0)"}},{"startTime":836.9,"endTime":844.0,"type":"concept","title":"pre-owned car","url":"/glossary/pre-owned-car","quote":"One last piece of advice for somebody that might be looking for a good value in a pre-owned car. I know this is going to be morbid when I say it, but I have said this in the past.","canonicalId":"concept:pre-owned-car","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"A pre-owned car is a vehicle that has been previously owned and used by someone else before being sold again. These cars can vary widely in condition, age, and price, and they are often more affordable than new cars.","simplifiedExplanation":"A pre-owned car is a used car that someone else owned before you. It usually costs less than a brand new car but can still be in good shape."}},{"startTime":931.5,"endTime":968.2,"type":"term","title":"FTC","url":"/glossary/ftc","quote":"Earlier this week, we know the FTC sent a letter to 97 different dealership groups saying, hey, y'all are advertising potentially. They actually didn't name names or anything. They said potentially deceptive advertising practices. Well, look at this, Pops. There's an article in Automotive News this morning, dealership ad pricing condemned by FTC is widespread car edge data shows.","canonicalId":"term:ftc","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"The FTC, or Federal Trade Commission, is a U.S. government agency that protects consumers by regulating and investigating unfair or deceptive business practices, including those in the automotive industry.","simplifiedExplanation":"The FTC is a government group that makes sure companies don't trick people when they buy things, like cars."}},{"startTime":1002.5,"endTime":1019.8,"type":"term","title":"dock fee","url":"/glossary/dock-fee","quote":"the price that you have advertised it for has to include things like the dock fee. And any other fees that you may require from a customer cannot be a separate fine print listing.","canonicalId":"term:dock-fee","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"A dock fee is a specific type of dealer fee that covers the dealership's costs related to processing paperwork and handling the vehicle. It is often added to the vehicle's price and can vary widely between dealerships.","simplifiedExplanation":"A dock fee is a charge that car dealers add to cover their paperwork and handling costs when you buy a car."}},{"startTime":1002.5,"endTime":1019.8,"type":"term","title":"dealer fees","url":"/glossary/dealer-fees","quote":"the price that you have advertised it for has to include things like the dock fee. And any other fees that you may require from a customer cannot be a separate fine print listing.","canonicalId":"term:dealer-fees","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Dealer fees are additional charges added by car dealerships on top of the vehicle's listed price. These can include documentation fees, dock fees, and other administrative costs that increase the final purchase price beyond the advertised amount.","simplifiedExplanation":"Dealer fees are extra costs that car dealers add when you buy a car. They make the price higher than what you see on the sticker or online."}},{"startTime":1010.2,"endTime":1111.1,"type":"concept","title":"transparent pricing","url":"/glossary/transparent-pricing","quote":"the FTC's suggestion is, and one that they would hope the industry would take to heart, is that, well, the price that you have advertised it for has to include things like the dock fee. ... It's not even that bad. It's just create a level playing field where the actual prices are the actual prices.","canonicalId":"concept:transparent-pricing","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Transparent pricing refers to the practice of including all fees and costs in the advertised price of a vehicle, so customers know exactly what they will pay without hidden fees or surprises. This approach aims to create a level playing field among dealers and improve trust with buyers.","simplifiedExplanation":"Transparent pricing means the price you see for a car includes all extra costs, so you know exactly how much you'll pay without any hidden fees."}},{"startTime":1517.4,"endTime":1522.4,"type":"brand","title":"Subaru","url":"/glossary/subaru","quote":"This is Subaru getting involved to help get rides to treatment for patients. What happened here? This is really nice. This is on a corporate level and on an individual customer level.","canonicalId":"brand:subaru","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Subaru is a Japanese automotive manufacturer known for its use of all-wheel drive systems and boxer engines. The brand is also recognized for its corporate social responsibility initiatives, including community support and charitable programs.","simplifiedExplanation":"Subaru is a car company from Japan that makes cars with special features to help with driving in different conditions. They also like to help people and support good causes."}}],"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-used-car-market-is-in-serious-trouble-episode-1036/transcript.vtt","type":"text/vtt"}]}