Used Car Special: Winning Strategies w/ Pohanka and Scates | Daily Dealer Live
About this episode
Exploring the used car market, this episode features insights from Tim Pahanka of Pahanka Automotive Group and Jeremy Scates of 111 Motor Cars. Pahanka discusses innovative service strategies, including a no-appointment policy that enhances customer satisfaction and operational efficiency. Scates shares his unique approach to the independent used car business, emphasizing the importance of relationships and hospitality. Both guests highlight the evolving landscape of the automotive industry, including the impact of AI and the challenges of inventory acquisition in a competitive market.
Buick Park Avenue
"...casting live from Midtown, Manhattan, the new 270 Park Avenue, Chase's headquarters. And home to this year's Ch..."
The Buick Park Avenue is a big, comfortable car that feels nice to drive. It's designed for people who want a smooth ride and plenty of space inside.
The Buick Park Avenue is a full-size luxury sedan that was known for its comfort and smooth ride. It was popular among buyers looking for a spacious and refined vehicle, often featuring advanced technology for its time.
EV tax credit
"...by the expiration of the federal EV tax credit. Compact cars saw the steepest slide at 6.8%..."
The EV tax credit is money the government gives back to you when you buy an electric car. It helps lower the price you pay for the car.
The federal EV tax credit is a financial incentive provided by the government to encourage the purchase of electric vehicles (EVs). It can significantly reduce the overall cost of buying an EV, making them more accessible to consumers.
compact cars
"...the steepest slide at 6.8% year over year, while mid-sized cars, pickups, and SUVs were all modestly lower."
Compact cars are smaller cars that are easy to drive and park. They usually cost less to buy and use less gas than bigger cars.
Compact cars are small vehicles designed to be efficient and easy to maneuver, typically seating four to five passengers. They are popular for their affordability and fuel efficiency.
mid-sized cars
"...while mid-sized cars, pickups, and SUVs were all modestly lower. Cox Automotive, parent company of Mannheim..."
Mid-sized cars are bigger than compact cars but not as big as full-sized ones. They have more room inside and are good for families.
Mid-sized cars are larger than compact cars but smaller than full-sized cars, offering a balance of space, comfort, and efficiency. They typically accommodate five passengers and have a larger trunk space.
pickups
"...pickups, and SUVs were all modestly lower. Cox Automotive, parent company of Mannheim..."
Pickups are trucks that have a big open area in the back for carrying stuff. They're strong and good for moving heavy things.
Pickups, or pickup trucks, are vehicles with an open cargo area in the back, designed for transporting goods and often used for work purposes. They are known for their durability and towing capacity.
SUVs
"...pickups, and SUVs were all modestly lower. Cox Automotive, parent company of Mannheim..."
SUVs are big cars that can carry more people and are good for driving on rough roads. They have a higher seat position, making it easier to see the road.
SUVs, or sport utility vehicles, are larger vehicles designed for both passenger comfort and off-road capability. They typically have higher ground clearance and can accommodate more passengers than standard cars.
Cox Automotive
"Cox Automotive, parent company of Mannheim, says retail demand improved through the month..."
Cox Automotive is a big company that helps with buying and selling cars. They have different services to make the car business easier.
Cox Automotive is a leading provider of automotive services and solutions, including vehicle auctions, marketing, and technology services. They own several well-known automotive brands and platforms.
Carter Myers Automotive
"And finally up today in a CDG Bicell release, Carter Myers Automotive has expanded into Maryland by picking up Toyota of Southern Maryland and Team Hyundai Maryland two stores"
Carter Myers Automotive is a company that sells cars and provides services related to them. They have several locations and offer different car brands.
Carter Myers Automotive is an automotive dealership group that operates multiple dealerships in the United States, focusing on providing a range of vehicle brands and services.
Toyota
"...by picking up Toyota of Southern Maryland and Team Hyundai Maryland two stores"
Toyota is a car company from Japan that makes many popular cars. They are known for making reliable vehicles and were one of the first to create hybrid cars.
Toyota is a well-known Japanese automotive manufacturer recognized for producing reliable vehicles and pioneering hybrid technology with models like the Prius.
Hyundai Genesis
"No longer Nate the truck driver, but Nate the Genesis sales concierge. Nate the truck driver, congrats ..."
The Hyundai Genesis is a fancy car that feels really nice to drive and has lots of cool features. It's like a more luxurious version of regular cars, designed to make you feel special when you're behind the wheel.
The Hyundai Genesis is a luxury sedan that was designed to compete with established luxury brands. It offers a combination of high-quality materials, advanced technology, and a smooth driving experience, making it a noteworthy option in the luxury car segment.
Honda Shuttle
"We've got Lyft. We've got a shuttle service. There's any number of ways"
The Honda Shuttle is a small van that can carry a lot of people and stuff. It's great for families or anyone who needs extra room, and it's known for being reliable.
The Honda Shuttle is a compact MPV (multi-purpose vehicle) that offers versatility and practicality for families or those needing extra space. It is known for its reliability and fuel efficiency, making it a sensible choice for everyday use.
CVT technology
"...it has to do with Nissan CVT technology. I think tell us a little bit about what we're seeing here..."
CVT technology is a special kind of automatic transmission that helps cars accelerate smoothly without the usual gear shifts. It makes driving easier and can save fuel.
CVT stands for Continuously Variable Transmission, a type of automatic transmission that can change seamlessly through a continuous range of effective gear ratios. This allows for smoother acceleration and improved fuel efficiency compared to traditional automatic transmissions.
CVT transmission
"...the fact that the CVT transmission isn't quite as bad as people like to say it is."
A CVT transmission is a special kind of automatic transmission that doesn't have fixed gears. It can adjust smoothly to give you better fuel economy and a smoother ride.
A CVT, or Continuously Variable Transmission, is a type of automatic transmission that can change seamlessly through a continuous range of effective gear ratios. Unlike traditional automatic transmissions that have a fixed number of gears, CVTs provide smoother acceleration and can improve fuel efficiency.
Bonneville Salt Flats
"...from the Bonneville Salt Flats"
The Bonneville Salt Flats is a large, flat area in Utah covered in salt. It's a popular place for car racing and testing because the surface is very smooth and perfect for going really fast.
The Bonneville Salt Flats is a unique area in Utah known for its vast, flat expanse of salt crust. It's famous for land speed records and automotive testing due to its smooth surface and hard-packed salt, making it ideal for high-speed runs.
Pontiac Bonneville
"There's seven episodes of our adventures from the Bonneville Salt Flats all the way through the mountains of T..."
The Pontiac Bonneville is an older car that used to be popular for its size and power. It was known for being a comfortable ride, especially for families or long trips.
The Pontiac Bonneville was a full-size car produced by General Motors, known for its performance and spaciousness. It was popular in the mid-20th century and is often remembered for its distinctive styling and powerful engine options.
Kia Telluride
"...e Salt Flats all the way through the mountains of Telluride. And it was great."
The Kia Telluride is a large family-friendly SUV that can fit many passengers and their gear. It's known for being comfortable and safe, which makes it a great choice for road trips or everyday use.
The Kia Telluride is a mid-size SUV that has gained popularity for its spacious interior, advanced safety features, and overall value. It has been praised for its upscale design and performance, making it a strong contender in the competitive SUV market.
Nissan Rogue
"...because I got my son a Nissan Rogue. So it's got the CVT."
The Nissan Rogue is a small SUV that many people use for daily driving and family trips. It's known for being comfortable and having a lot of space inside.
The Nissan Rogue is a compact crossover SUV known for its spacious interior and fuel efficiency. It's popular among families and individuals looking for a versatile vehicle.
preventive maintenance
"You have to do preventive maintenance. Fluids are designed to cool things for a reason and to lubricate them."
Preventive maintenance means taking care of your car regularly to avoid problems later. It's like going to the doctor for check-ups to stay healthy.
Preventive maintenance refers to regular and routine maintenance tasks that are performed to keep a vehicle in good working condition and to prevent potential issues before they arise. This can include oil changes, fluid checks, and inspections.
EV fluid
"I mean, heck, I didn't realize there's EV fluid. Who would have thought that?"
EV fluid is a special liquid used in electric cars to help keep the battery and other parts cool and working well. It's different from the fluids used in regular gas cars.
EV fluid refers to the specialized fluids used in electric vehicles (EVs) for cooling and lubrication purposes. These fluids are essential for maintaining the performance and efficiency of electric drivetrains and battery systems.
hybrid technology
"...as soon as we get hybrid technology here, I think that's going to be a big help for Nissan."
Hybrid technology is used in cars that have both a regular gas engine and an electric motor. This helps the car use less fuel and produce less pollution.
Hybrid technology refers to vehicles that use a combination of an internal combustion engine and an electric motor to improve fuel efficiency and reduce emissions. This technology is becoming increasingly popular as manufacturers strive to meet environmental standards.
Hyundai Gets
"Yeah, now to shift us to Hyundai. One thing Hyundai gets right, one thing Hyundai gets wrong. It's a power..."
The Hyundai Getz is a small car that's easy to park and great for driving around town. The 3-door version is a bit sportier and still has enough room for a few passengers.
The Hyundai Getz is a subcompact car that was designed for urban driving, known for its compact size and fuel efficiency. The 3-door version offers a sportier look while maintaining practicality for city dwellers.
Nissan Pathfinder
"...ut whatever he was in. It looked like a Murano, a Pathfinder, and a Juke. Yeah, yeah."
Nissan Murano
"... it was, but whatever he was in. It looked like a Murano, a Pathfinder, and a Juke. Yeah, yeah."
Nissan Juke
"...it looked like a Murano, a Pathfinder, and a Juke. Yeah, yeah."
The Nissan Juke is a smaller SUV that stands out because of its unusual shape. It's fun to drive and is popular among younger people.
The Nissan Juke is a subcompact crossover known for its distinctive styling and sporty performance. It appeals to younger drivers looking for a fun and unique vehicle.
Holden Combo
"...tually, the Tour D Tour says Top Gear Mythbusters combo. It makes you happy to see dealers out having fun"
The Holden Combo is a small van that can be used for work or family trips. It's useful because it has a lot of space inside for carrying things.
The Holden Combo is a compact van that is designed for both commercial and personal use. It is valued for its practicality, spacious interior, and efficient performance, making it a popular choice for businesses and families alike.
BMW M3
"...like, hey, this guy's wanted to sell this 2005 M3."
The BMW M3 is a special version of the 3 Series car made by BMW, designed for better performance and speed. The 2005 model is part of a generation that many car lovers really enjoy because it drives well and feels sporty.
The BMW M3 is a high-performance version of the BMW 3 Series, known for its sporty handling and powerful engines. The 2005 model belongs to the E46 generation, which is highly regarded among enthusiasts for its balance and driving dynamics.
Porsche 911 (993)
"This guy's got a 993 Porsche."
The Porsche 911 (993) is a model of a sports car made by Porsche, known for its sleek design and powerful performance. It's part of a long line of 911 models that have been popular among car enthusiasts.
The Porsche 911 (993) is the fourth generation of the iconic 911 sports car, produced from 1995 to 1998. It is known for its distinctive design and improved performance over previous generations.
Cars and Caffeine
"some of the events like we've done a lot of, we do a monthly car show called Cars and Caffeine."
Cars and Caffeine is a type of car show where people gather to show off their cars and enjoy coffee together. It's a fun way for car lovers to meet and see different types of vehicles.
Cars and Caffeine is a popular monthly car show that brings together car enthusiasts to showcase their vehicles and enjoy a casual gathering. It's often held in the morning and features a variety of cars from different makes and models.
Porsche Concours events
"We host regional Porsche Concourse events."
Porsche Concours events are special car shows for Porsche owners where their cars are judged on how well they are maintained and presented. It's a way for Porsche fans to show off their vehicles.
Porsche Concours events are car shows specifically focused on Porsche vehicles, where cars are judged based on their condition, authenticity, and presentation. These events celebrate the brand and allow owners to showcase their meticulously maintained cars.
Pagani of Nashville
"No, so Pagani of Nashville is a tenant. Pagani of Nashville's dealer license. Got it."
Pagani of Nashville is a car dealership that sells Pagani cars. They are allowed to sell these expensive and special cars because they have a dealer license.
Pagani of Nashville is a dealership that specializes in selling Pagani vehicles. As a licensed dealer, they have the authority to sell these high-end sports cars in the Nashville area.
Pagani Utopia
"... dealerships inside a two, three block automotive utopia. They have restaurants and hotels and event space"
The Pagani Utopia is a super fancy sports car that looks amazing and goes really fast. It's made by a small company that focuses on making cars that are like pieces of art.
The Pagani Utopia is a high-performance hypercar known for its stunning design and extreme engineering. It represents the pinnacle of automotive craftsmanship, combining luxury with unparalleled speed and handling.
Request an Explanation
Heard something you'd like explained? We'll add it to this episode.
Sign in to request explanations for terms you heard.
Want to learn more?
Browse our glossary for plain-English explanations of automotive terms, jargon, and concepts.
Help improve this episode
See something that's not quite right? Our annotations are AI-generated and can sometimes miss the mark. Click the flag icon on any annotation to suggest a correction.