Car market further stabilizes, used EVs rev up, OEMs sell driver data for cheap

Hey everyone. Tomorrow’s guest on the Car Dealership Guy Podcast works for a company you might be familiar with…

Sanjiv Yajnik is President of Financial Services at Capital One, which includes overseeing the company's Auto Finance lines of business. Sanjiv has over 20 years with Capital One reimagining the entire car buying process.

Tune in tomorrow to find out where he thinks car ownership is headed.

— CDG

1. Car market stabilizes in first half of the year, used supply under pressure

After years of sky-high prices and limited inventory, the new car market is finally showing signs of stability. But as consumers adjust to this new reality, the demand for affordable used vehicles is surging, putting pressure on an already strained supply … Read more

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2. Used car market opens door to broader EV adoption

Once considered a luxury purchase, EVs are becoming increasingly affordable and, in some cases, rivaling their ICE counterparts.

What’s happening: New car prices are stabilizing, while the used EV market is experiencing a tick-up in supply (year-over-year), driving down costs. These trends are making it easier for consumers to transition to electric, potentially contributing to a mass market shift … Read more

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3. Lawmakers expose low price of driver data after automaker probe

The big picture: Senators Edward J. Markey and Ron Wyden submitted a letter to the Federal Trade Commission (FTC) after conducting a short investigation into driving and location data sold by three automakers: Hyundai, General Motors, and Honda.

By the numbers: They found that the prices offered for the data were surprisingly low. Hyundai earned 61¢ per unit, while Honda only made 26¢ … Read more

Have a tip for our editorial team? Send us your scoop at [email protected].

Thanks for reading everyone.

— CDG

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