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Hey everyone. The latest episode of the Car Dealership Guy Podcast Industry Spotlight is now live—and this one is BIG.
Amazon and Sonic Automotive are joining forces.
Tune in to find out what this partnership actually means for the industry, with host Sam D’Arc, Jeff Dyke, President of Sonic Automotive, and Matt Nuffort, Director of Amazon Autos.
— CDG
Extending auto loan payments adds up fast:
After a 3-month extension— the total interest on a $25K loan at 15% APR for 72 months jumps an extra $1,550.
A 6-month extension? Tack on about $3,100—instead.
Bottom line?
Payment extensions might offer short-term relief—but they pile on interest and stretch out debt longer than most borrowers realize.
(Data/graph source: Capital markets analyst Joe Cecala)
1. President Trump’s tariffs could push car insurance costs higher—here’s why
Car insurance isn’t cheap—but it could get even more expensive if Trump’s proposed tariffs take effect.
The reason? Higher costs for steel and aluminum could push up new car prices, which in turn boosts demand—and prices—for used cars. That’s a problem for insurers, who base rates (in part) on vehicle values.
Tariffs on auto parts might also drive up repair costs and delay fixes, leading to pricier claims, extended rental car bills, and more vehicles being totaled.
And as a result—the increased financial risk would probably get passed down to drivers in the form of higher premiums.
The real question is—how much financial burden will consumers actually be able to absorb? … (Go deeper: 4 min. read)
2. Inflation heats up to 3% for the first time in 7 months
The Consumer Price Index (CPI), a key inflation metric—tracks how much prices rise on everything from groceries to gas.
And right now—motor vehicle costs are moving in the wrong direction:
Auto insurance prices surged another 2% last month, now up nearly 12% year-over-year.
Used car prices climbed 2.2% from December.
And gas prices stayed mostly flat year-over-year, but rose 1.8% in January alone.
The White House blames Biden-era policies, while critics say Trump’s tariff threats are already driving costs higher.
Big picture: Given where inflation is at—Fed Reserve Chair Jerome Powell isn’t cutting interest rates anytime soon—so borrowing costs are staying put for now… (3 min. read)
In today's automotive landscape, car buyers invest more time than ever in researching, considering, and comparing options. But for dealers, the challenge lies in pinpointing the audience ready to make a purchase.
Enter Premier by Edmunds.
Premier offers dealers a groundbreaking way to connect with in-market car shoppers precisely when, where, and how they prefer. With over 20 million monthly visits, Edmunds.com is the go-to destination for buyers seeking market insights, expert advice, and budget tools to make informed decisions.
Through Edmunds Premier, dealers gain access to this highly coveted audience. Simply list your new and used inventory on Edmunds, and watch as qualified, in-market traffic flows directly to your vehicle detail pages on your website.
Don't miss out on this opportunity to elevate your dealership's visibility and sales performance. You can sign up for Premier today at Edmunds.com/CDG.
3. Report: Car buyers are smarter, better prepared, and more satisfied
Car buyers are happier, but they’re also more informed and in control. Nearly 90% of consumers research before buying, and 80% want to complete more steps online.
Basically—online tools are no longer just a convenience—they’re a core part of the car buying and selling journey.
Bottom line: As more buyers do their homework from home and expect to complete steps digitally, dealers must be ready to provide straightforward online options for everything from trade-ins to financing and vehicle selection … (Go deeper: 2 min. read)
How America became so car dependent.
Private equity giant KKR said to weigh Nissan investment after Honda talks end.
How Elon Musk's crusade against government could benefit Tesla.
Ford CEO says Trump policies may lead to layoffs.
Honda recalls nearly 295K Honda, Acura vehicles for risk of engine stall, power loss.
What did you think about today's edition of The Daily Dealer?
Thanks for reading everyone.
— CDG
