{"version":"1.0.0","episode":{"title":"Wholesale Used Car Prices PLUMMET | Episode 959","url":"http://getcarcurious.com/episodes/wholesale-used-car-prices-plummet-episode-959","audioUrl":"https://pscrb.fm/rss/p/mgln.ai/e/1385/pdrl.fm/3359a6/injector.simplecastaudio.com/14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9/episodes/bbf5c45b-51f8-4f79-a3b1-d5c400d35017/audio/128/default.mp3?aid=rss_feed&awCollectionId=14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9&awEpisodeId=bbf5c45b-51f8-4f79-a3b1-d5c400d35017&feed=gkrQ6WSC","description":"Today on CarEdge Live, Ray and Zach discuss the latest data on used car prices. 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":218.2,"endTime":221.5,"type":"company","title":"CarMax","url":"/glossary/carmax","quote":"So when we talk about a used car market update, CarMax is the largest retailer of used cars in the United States of America and they just fired their CEO.","canonicalId":"company:carmax","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"CarMax is the largest retailer of used cars in the United States, known for its no-haggle pricing and extensive inventory.","simplifiedExplanation":"CarMax is a big store that sells used cars. They have a lot of cars to choose from and don't negotiate prices, making it easier to buy a car."}},{"startTime":312.36,"endTime":342.68,"type":"concept","title":"used car market","url":"/glossary/used-car-market","quote":"that a, used car sales are probably slowing to a certain degree, wholesale values are falling because the sales are slowing and we should see better pricing moving forward for people looking for pre-owned cars.","canonicalId":"concept:used-car-market","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The used car market refers to the buying and selling of pre-owned vehicles. Factors such as wholesale values and sales trends can significantly impact pricing and trade-in values.","simplifiedExplanation":"The used car market is where people buy and sell cars that have been owned before. Prices can change based on how many cars are being sold and how much people are willing to pay."}},{"startTime":452.84000000000003,"endTime":455.2,"type":"car","title":"Honda Civics","url":"/cars/honda/civic","image":"https://upload.wikimedia.org/wikipedia/commons/2/23/2022_Honda_Civic_LX_Sedan%2C_front_right%2C_11-02-2022.jpg","quote":"2023 Honda Civics nationwide average price, it's selling for 24,300 bucks.","canonicalId":"car:honda:civic","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Honda Civic is a popular compact car known for its reliability and fuel efficiency. The 2023 model features modern styling and advanced technology, making it a strong contender in the compact car segment.","simplifiedExplanation":"The Honda Civic is a small car that many people like because it's dependable and gets good gas mileage. The 2023 version has a fresh look and comes with new tech features.","imageAttribution":"MercurySable99 (CC BY-SA 4.0)"}},{"startTime":607.68,"endTime":610.24,"type":"car","title":"Nissan Versas","url":"/cars/nissan/versa","image":"https://upload.wikimedia.org/wikipedia/commons/8/8a/2017_Nissan_Versa_Note_Red_Rental.jpg","quote":"Let's pull it up on the screen.  Used Nissan Versa's for sale nationwide.  There are 8,685 of them for sale nationwide.","canonicalId":"car:nissan:versa","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Nissan Versa is a subcompact car that is known for its affordability and fuel efficiency. It is often discussed for its value as a budget-friendly option for first-time car buyers or those looking for a reliable daily driver. Its availability in the used car market makes it a popular choice.","simplifiedExplanation":"The Nissan Versa is a small and affordable car that gets good gas mileage. It's a great option for people who want a reliable vehicle without spending a lot of money.","imageAttribution":"formulanone (CC BY-SA 2.0)"}},{"startTime":615.1,"endTime":617.9,"type":"term","title":"price points","url":"/glossary/price-points","quote":"Holy cow, look at the price points on some of these. You want a 2021 Nissan Versa under 10 grand.","canonicalId":"term:price-points","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Price points refer to the various prices at which items are offered for sale. In the context of cars, it helps buyers understand the market value and what they can expect to pay.","simplifiedExplanation":"Price points are the different prices that cars are listed for. They help you see how much you might need to spend to buy a car."}},{"startTime":617.9,"endTime":621.9,"type":"term","title":"under 10 grand","url":"/glossary/under-10-grand","quote":"You want a 2021 Nissan Versa under 10 grand. There's something, that'll be something wrong with that.","canonicalId":"term:under-10-grand","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"'Under 10 grand' means that the price of the item is less than $10,000. This is a common phrase used in car buying to indicate budget-friendly options.","simplifiedExplanation":"'Under 10 grand' means the price is less than $10,000. It's a way to say that something is affordable."}},{"startTime":625.5,"endTime":627.2,"type":"term","title":"under 15 grand","url":"/glossary/under-15-grand","quote":"2025 under 15 grand. Look at that, yeah.","canonicalId":"term:under-15-grand","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"'Under 15 grand' indicates that the price is less than $15,000. This phrase is often used to describe budget options in the car market.","simplifiedExplanation":"'Under 15 grand' means the price is less than $15,000. It's a way to describe cars that are still affordable."}},{"startTime":658.12,"endTime":659.18,"type":"car","title":"Nissan 2020 Nissan","url":"/cars/nissan/200-sx","image":"https://upload.wikimedia.org/wikipedia/commons/3/35/2002_Nissan_Silvia_3.jpg","quote":"Let's click on it.  2020 Nissan Versa.  What I am interested in here,","canonicalId":"car:nissan:200-sx","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Nissan 200SX is a compact sports car that was produced in the 1990s and is known for its lightweight design and sporty performance. While it may not be as widely recognized today, it has a niche following among car enthusiasts who appreciate its driving dynamics. Discussions about the 200SX often highlight its place in Nissan's history of sporty vehicles.","simplifiedExplanation":"The Nissan 200SX is a small sports car from the 1990s that is fun to drive. It's not very common now, but some car fans really like it for its speed and handling.","imageAttribution":"Calreyn88 (CC BY-SA 4.0)"}},{"startTime":697.0,"endTime":702.7,"type":"term","title":"pricing","url":"/glossary/pricing","quote":"...some of the greatest frauds in automotive pricing occur in the New York metro area...","canonicalId":"term:pricing","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Pricing in the automotive industry refers to the strategy and methods used to set the selling price of vehicles. It can be influenced by factors such as demand, competition, and dealership costs.","simplifiedExplanation":"Pricing is how much a car costs. It can change based on how popular the car is, how much it costs the dealer to get it, and what other dealers are charging."}},{"startTime":705.1,"endTime":707.9,"type":"term","title":"dealer","url":"/glossary/dealer","quote":"...you can see that the dealer has reduced the price $4,000...","canonicalId":"term:dealer","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A dealer is a business or individual that sells vehicles, typically new or used cars. They often work with manufacturers to sell new cars and buy used cars from customers or auctions.","simplifiedExplanation":"A dealer is a person or company that sells cars. They can sell new cars from manufacturers or used cars that people have traded in or sold."}},{"startTime":714.6,"endTime":719.5,"type":"term","title":"gross profit","url":"/glossary/gross-profit","quote":"...average gross profit on most pre-owned cars is somewhere around $1,750 to $2,000, that there is not a $4,000 spread built into that car.","canonicalId":"term:gross-profit","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Gross profit in automotive sales refers to the difference between the cost of acquiring a vehicle and the selling price. It is a key metric that dealerships use to measure profitability on each sale.","simplifiedExplanation":"Gross profit is how much money a dealership makes after buying a car and selling it. It's important because it shows how much profit they earn from each vehicle sold."}},{"startTime":719.5,"endTime":723.5,"type":"term","title":"pre-owned cars","url":"/glossary/pre-owned-cars","quote":"...the average gross profit on most pre-owned cars is somewhere around $1,750 to $2,000...","canonicalId":"term:pre-owned-cars","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Pre-owned cars, also known as used cars, are vehicles that have had previous owners. They are typically sold at a lower price compared to new cars and can vary widely in condition and mileage.","simplifiedExplanation":"Pre-owned cars are cars that someone else has owned before you. They usually cost less than new cars and can be a good option if you're looking for a deal."}},{"startTime":743.4,"endTime":748.3,"type":"term","title":"reconditioning fee","url":"/glossary/reconditioning-fee","quote":"...if you went to the dealership to buy it, that there would suddenly be a $1,995 reconditioning fee. My point in bringing it up is not necessarily to indict the practices.","canonicalId":"term:reconditioning-fee","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A reconditioning fee is a charge that dealerships may apply to cover the costs of preparing a used vehicle for sale, which can include repairs, cleaning, and inspections. This fee can sometimes be unexpected for buyers, as it may not be disclosed upfront.","simplifiedExplanation":"A reconditioning fee is money that dealerships might add to the price of a used car to pay for fixing it up and making it look nice before selling it. Buyers should be aware of this fee when shopping for a car."}},{"startTime":756.2,"endTime":757.9,"type":"term","title":"wholesale declines","url":"/glossary/wholesale-declines","quote":"...it's actually a positive sign relative to what we're seeing. We're seeing significant wholesale declines in values for subcompact cars.","canonicalId":"term:wholesale-declines","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Wholesale declines refer to a decrease in the prices at which cars are sold in bulk to dealerships or other businesses, rather than to individual consumers. This can indicate a drop in demand or value for certain types of vehicles, such as subcompact cars in this context.","simplifiedExplanation":"Wholesale declines mean that the prices for cars sold in large amounts to dealerships are going down. This can happen if fewer people want to buy those types of cars."}},{"startTime":764.7,"endTime":765.9,"type":"term","title":"out-the-door price","url":"/glossary/out-the-door-price","quote":"You always have to do what we've taught you for years now, which is get the up-and-door prices and where you see things like that.","canonicalId":"term:out-the-door-price","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The out-the-door price (OTD) refers to the total cost of purchasing a vehicle, including all taxes, fees, and additional charges. This is the final amount a buyer pays to drive the car off the lot, providing a clearer picture of the actual financial commitment.","simplifiedExplanation":"The out-the-door price is how much you will pay in total when buying a car. It includes everything like taxes and fees, so there are no surprises later."}},{"startTime":770.6,"endTime":771.8,"type":"term","title":"wholesale market","url":"/glossary/wholesale-market","quote":"That I wanna show one more thing from the Blackbook data and then we're gonna switch gears, which would be their analysis of what's going on the wholesale market.","canonicalId":"term:wholesale-market","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The wholesale market in automotive terms refers to the marketplace where vehicles are sold in bulk, typically between dealers or to auction houses, rather than directly to consumers. Prices in this market can influence retail pricing and availability of vehicles.","simplifiedExplanation":"The wholesale market is where cars are sold in large quantities, usually between car dealers. It's different from buying a car directly from a dealership as a customer."}},{"startTime":774.0,"endTime":775.9,"type":"term","title":"conversion rates","url":"/glossary/conversion-rates","quote":"Wholesale values continue to soften this week with the overall conversion rates steady at 58%.","canonicalId":"term:conversion-rates","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Conversion rates in the automotive context refer to the percentage of vehicles sold compared to the number of vehicles available for sale. A steady conversion rate indicates a consistent demand for vehicles in the market.","simplifiedExplanation":"Conversion rates show how many cars are sold compared to how many are available. A steady rate means that cars are selling at a consistent pace."}},{"startTime":832.6,"endTime":835.5,"type":"term","title":"trade-in value","url":"/glossary/trade-in-value","quote":"...the trade in value is impacted first. Yes, the retail asking prices are impacted much later.","canonicalId":"term:trade-in-value","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Trade-in value refers to the amount of money a dealership offers you for your vehicle when you trade it in as part of the purchase of another vehicle. This value can fluctuate based on market demand and the condition of the vehicle.","simplifiedExplanation":"Trade-in value is how much a dealership will pay you for your car when you give it to them to buy a new one. It can change based on how popular your car is and how well it looks."}},{"startTime":839.1,"endTime":844.1,"type":"term","title":"retail asking prices","url":"/glossary/retail-asking-prices","quote":"...the retail asking prices are impacted much later. Typically, there's a four to six week lag.","canonicalId":"term:retail-asking-prices","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Retail asking prices are the prices that dealerships list for vehicles they have for sale. These prices can be influenced by various factors, including market trends and inventory levels.","simplifiedExplanation":"Retail asking prices are what dealers say they want for a car when they sell it. These prices can change based on how many cars they have and how much people want to buy them."}},{"startTime":844.1,"endTime":848.7,"type":"concept","title":"inventory lag","url":"/glossary/inventory-lag","quote":"...there's a four to six week lag. Don't know why that is.","canonicalId":"concept:inventory-lag","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Inventory lag refers to the delay between changes in market conditions and their impact on vehicle inventory levels and pricing. This lag can affect how quickly prices adjust in response to supply and demand.","simplifiedExplanation":"Inventory lag is the time it takes for changes in car prices to show up in the number of cars available for sale. It means that when demand changes, it might take a few weeks for prices to change too."}},{"startTime":1012.4,"endTime":1020.6,"type":"concept","title":"used car manager","url":"/glossary/used-car-manager","quote":"...what the used car manager, whatever dealership I was working at, would have considered to be a reasonable amount for that vehicle.","canonicalId":"concept:used-car-manager","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A used car manager is responsible for overseeing the buying and selling of used vehicles at a dealership. They assess vehicle values, manage inventory, and negotiate deals.","simplifiedExplanation":"The used car manager is the person at a car dealership who decides how much to pay for used cars and how much to sell them for. They help manage the used car section of the dealership."}},{"startTime":1247.08,"endTime":1249.32,"type":"car","title":"Ford F150","url":"/cars/ford/f-150","image":"https://upload.wikimedia.org/wikipedia/commons/5/56/2022_Ford_F-150_Lightning_Rear.jpg","quote":"You want an F-150? Go buy a 2024 one. The dealer still has them.","canonicalId":"car:ford:f-150","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Ford F-150 is a full-size pickup truck known for its durability and versatility, often used for both work and personal purposes. The 2024 model continues to offer a range of configurations and features to cater to various needs.","simplifiedExplanation":"The Ford F-150 is a popular truck that can be used for many things, like hauling stuff or driving on the road. The 2024 version has new features and options to choose from.","imageAttribution":"UltraTech66 (CC BY-SA 4.0)"}},{"startTime":1250.64,"endTime":1253.14,"type":"car","title":"Toyota Rav4","url":"/cars/toyota/rav4","image":"https://upload.wikimedia.org/wikipedia/commons/5/5b/2021_Toyota_RAV4_PHV.jpg","quote":"The dealer still has them.  Put on a Toyota on a RAV4, no can do.  So unfortunately, we don't have a gr...","canonicalId":"car:toyota:rav4","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota RAV4 is a compact SUV known for its reliability, spacious interior, and fuel efficiency. It has become one of the best-selling vehicles in its class, making it a popular choice for families and individuals alike. Its significance lies in its versatility and strong resale value.","simplifiedExplanation":"The Toyota RAV4 is a small SUV that is great for families and people who need extra space. It's known for being reliable and good on gas, which makes it a popular choice for many drivers.","imageAttribution":"TTTNIS (CC0)"}},{"startTime":1298.5,"endTime":1299.28,"type":"car","title":"Toyota Tacoma","url":"/cars/toyota/tacoma","image":"https://upload.wikimedia.org/wikipedia/commons/c/ca/Second_Gen_Toyota_Tacoma_on_Snowy_Mountain_-_2019.jpg","quote":"based on how quickly Toyota's sell.  Tacoma. OK.  Then we're having a different discussion.","canonicalId":"car:toyota:tacoma","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota Tacoma is a midsize pickup truck that is highly regarded for its durability and off-road capabilities. It has a strong reputation among truck enthusiasts and is often praised for its resale value and reliability. Discussions about the Tacoma often revolve around its popularity and quick sales.","simplifiedExplanation":"The Toyota Tacoma is a smaller pickup truck that's tough and good for off-road driving. Many people like it because it's reliable and holds its value well, which means it can be a smart choice if you're looking for a truck.","imageAttribution":"Noah Wulf (CC BY-SA 4.0)"}},{"startTime":1414.5,"endTime":1414.5,"type":"term","title":"2023 prices","url":"/glossary/2023-prices","quote":"...the Bronco, Kia Celtos, Toyota Corolla Cross, the Porsche Boxster, Toyota Tacoma all have relatively little difference between their 2023 prices...","canonicalId":"term:2023-prices","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The term '2023 prices' refers to the cost of vehicles that were new in the year 2023. Understanding these prices helps consumers gauge the value of vehicles over time.","simplifiedExplanation":"'2023 prices' means how much cars cost if they were bought new in the year 2023. It's useful to know when comparing with newer models."}},{"startTime":1414.54,"endTime":1419.14,"type":"car","title":"Porsche Boxster","url":"/cars/porsche/boxster","image":"https://upload.wikimedia.org/wikipedia/commons/7/7a/Porsche_718_Boxster_GTS_4.0_1X7A0320.jpg","quote":"...co, Kia Celtos, Toyota Corolla Cross, the Porsche Boxster,  Toyota Tacoma all have relatively little differ...","canonicalId":"car:porsche:boxster","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"Alexander Migl (CC BY-SA 4.0)"}},{"startTime":1414.54,"endTime":1419.14,"type":"car","title":"Ford Bronco","url":"/cars/ford/bronco","image":"https://upload.wikimedia.org/wikipedia/commons/c/c1/2022_Ford_Bronco_2.jpg","quote":"on average, new 27,400.  The Bronco, Kia Celtos, Toyota Corolla Cross, the Porsche Bo...","canonicalId":"car:ford:bronco","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"Calreyn88 (CC BY-SA 4.0)"}},{"startTime":1414.54,"endTime":1419.14,"type":"car","title":"Toyota Corolla Cross","url":"/cars/toyota/corolla","image":"https://upload.wikimedia.org/wikipedia/commons/0/0c/2022_Toyota_Corolla_Cross_L_FWD%2C_Front_Left%2C_11-21-2021.jpg","quote":"...Kia Celtos, Toyota Corolla Cross, the Porsche Boxster, Toyota Tacoma all have relatively little difference...","canonicalId":"car:toyota:corolla","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota Corolla Cross is a compact SUV that combines the practicality of an SUV with the efficiency of the Corolla sedan. It's designed for urban driving and offers a comfortable ride.","simplifiedExplanation":"The Toyota Corolla Cross is a small SUV that is easy to drive and has plenty of space for passengers and cargo. It's a good choice for families or anyone needing extra room.","imageAttribution":"Elise240SX (CC BY-SA 4.0)"}},{"startTime":1422.6,"endTime":1426.6,"type":"term","title":"brand new 2025","url":"/glossary/brand-new-2025","quote":"...between their 2023 prices and a brand new 2025. Now, many of these models are also into their 2026 now.","canonicalId":"term:brand-new-2025","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The phrase 'brand new 2025' refers to vehicles that are expected to be released or sold as new models in the year 2025. This is important for consumers looking for the latest features and technology.","simplifiedExplanation":"'Brand new 2025' means cars that will be available for sale as new models in the year 2025. People often look for these to get the latest updates and improvements."}},{"startTime":1459.1,"endTime":1461.2,"type":"concept","title":"new vs used cars","quote":"So these are four reasons why new versus used. And today is dynamic.","canonicalId":"concept:new-vs-used-cars","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The discussion of new versus used cars involves weighing the benefits of purchasing a brand-new vehicle, which typically includes the latest features, warranties, and financing options, against the cost savings and potential value of buying a pre-owned vehicle. Each option has its own advantages and disadvantages depending on the buyer's needs.","simplifiedExplanation":"When people talk about new versus used cars, they are comparing the benefits of buying a brand-new car with all the latest features to buying a second-hand car that might be cheaper. Each choice has its pros and cons."}},{"startTime":1492.7,"endTime":1496.9,"type":"term","title":"warranty","url":"/glossary/warranty","quote":"If that Civic is two years old and has 30,000 miles on it, it was sold with a three year, 36,000 mile warranty.","canonicalId":"term:warranty","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A warranty is a promise from the manufacturer to repair or replace a product if necessary within a specified period. In this case, the Civic was sold with a three-year, 36,000-mile warranty, which is common for new cars.","simplifiedExplanation":"A warranty is like a guarantee from the car maker that they will fix things if they break within a certain time or distance. For the Civic, it had a warranty for three years or 36,000 miles when it was new."}},{"startTime":1522.1,"endTime":1524.8,"type":"term","title":"subvented","url":"/glossary/subvented","quote":"And in some cases on new cars, you get subvented at manufacturer programs, 0.9 percent.","canonicalId":"term:subvented","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Subvented financing refers to special interest rates or incentives offered by manufacturers to encourage sales. These rates are often lower than market rates, making it cheaper for consumers to finance a new vehicle.","simplifiedExplanation":"Subvented means that the car company helps lower the interest rate when you finance a car. This makes it cheaper for you to borrow money to buy the car."}},{"startTime":1613.7,"endTime":1616.8,"type":"term","title":"retail site","url":"/glossary/retail-site","quote":"We track that because it's an indicator of what's going to happen on the retail site. That is visually, yeah, eventually that is good news for used car shoppers.","canonicalId":"term:retail-site","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The retail site refers to the marketplace where used cars are sold directly to consumers, as opposed to wholesale auctions where dealers buy and sell vehicles among themselves.","simplifiedExplanation":"The retail site is where you can buy cars directly from dealerships or private sellers, rather than at auctions where dealers sell to each other."}},{"startTime":1628.5,"endTime":1633.1,"type":"term","title":"Blackbook data","url":"/glossary/blackbook-data","quote":"even though we know the 23s just from the Blackbook data are depreciating more rapidly than the 2013s.","canonicalId":"term:blackbook-data","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Blackbook data refers to a valuation service that provides pricing information on used vehicles, helping buyers and sellers understand market values and trends.","simplifiedExplanation":"Blackbook data gives information about how much used cars are worth. It helps people know if they're paying a fair price when buying or selling a car."}},{"startTime":1711.6,"endTime":1720.2,"type":"term","title":"lease options","url":"/glossary/lease-options","quote":"All the under $250 a month lease options out there right now. There's tons of under $250 a month lease options.","canonicalId":"term:lease-options","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Lease options refer to the various terms and conditions under which a vehicle can be leased rather than purchased. Leasing typically involves lower monthly payments compared to buying, but the lessee does not own the vehicle at the end of the lease term.","simplifiedExplanation":"Lease options are choices you have when renting a car for a certain period. You pay a monthly fee, but you don't own the car when the lease ends."}},{"startTime":2040.2,"endTime":2044.14,"type":"car","title":"Gm Sierra","url":"/cars/gmc/sierra-ev","image":"https://upload.wikimedia.org/wikipedia/commons/b/b4/GMC_Sierra_Denali_GMTT1XX_Atomsphere_Brownstone_%281%29.jpg","quote":"...is is nationwide.  There are currently 55,000 GMC Sierra 1500s for sale.  And just look at this, 167 days,...","canonicalId":"car:gmc:sierra-ev","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"imageAttribution":"Damian B Oh (CC BY-SA 4.0)"}},{"startTime":2040.2,"endTime":2044.14,"type":"car","title":"Gmc Sierra","url":"/cars/gmc/sierra","image":"https://upload.wikimedia.org/wikipedia/commons/b/b2/05_GMC_Sierra_2500HD_SLE.jpg","quote":".... This is nationwide.  There are currently 55,000 GMC Sierra 1500s for sale.  And just look at this, 167 days,...","canonicalId":"car:gmc:sierra","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The GMC Sierra 2500HD is a heavy-duty pickup truck designed for towing and hauling heavy loads. It is known for its powerful engine options and robust construction, making it a favorite among those who need a truck for work or serious recreational activities. Discussions often focus on its capabilities and market availability.","simplifiedExplanation":"The GMC Sierra 2500HD is a big truck that can carry heavy things and tow trailers. It's built for tough jobs and is popular with people who need a strong vehicle for work or outdoor activities.","imageAttribution":"HJUdall (CC0)"}},{"startTime":2058.0,"endTime":2058.0,"type":"term","title":"factory incentives","url":"/glossary/factory-incentives","quote":"before any applying factory incentives on top of that.","canonicalId":"term:factory-incentives","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Factory incentives are discounts or rebates offered by manufacturers to encourage sales. These can be applied to the purchase price to lower the overall cost for the buyer.","simplifiedExplanation":"Factory incentives are special deals from the car maker that help lower the price of the car. They make it cheaper for you to buy."}}],"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/wholesale-used-car-prices-plummet-episode-959/transcript.vtt","type":"text/vtt"}]}