Used car market update, gov't EV charger rollout, SUV safety concerns

Hey everyone. The dealership buy/sell market set some new and impressive records in Q1. But what’s fueling the frenzy? I break down what you need to know about this overlooked side of the car business in today’s newsletter. Check it out here.

— CDG

1. Used car values are depreciating at a faster pace

Big picture: Used car depreciation accelerated last week – the largest single-week decline since mid-January, according to Black Book. This comes after a period of relative stability leading into Memorial Day weekend.

Why? There are a few possible reasons … Read more.

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2. Where are the gov't-backed public EV chargers?

Top line: The sluggish rollout of the National Electric Vehicle Infrastructure (NEVI) program has garnered criticism from both sides of the aisle. Senator Jeff Merkley called the program, now in its third year, “a vast administrative failure.”

Is he right? … Read more.

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.

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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. Not all large SUVs are created equal when it comes to safety

At a glance: After testing three popular SUV models, the Insurance Institute for Highway Safety (IIHS) found that only one got a 2024 Top Safety Pick award.

These large SUVs are designed to be people haulers and tow heavy loads, but none of them offer good protection for backseat passengers … Learn why.

• China EV battery tariffs could sting U.S. electric vehicle sales.

• Today’s cars have an unprecedented capacity to surveil people inside and around them, and it’s raising alarms with privacy advocates.

• Michigan puts $10 million toward developing semiconductor workforce.

• Volkswagen unveiled the new ID.7 GTX, its most powerful EV yet.

• These are the most fuel-efficient cars according To Consumer Reports.

We’ve got tons of great jobs hitting the CDG Job Board right now. Here are some standouts for anyone looking for their next move.

• Are you a salesperson at heart? OPENLANE has 10 roles for Market Sales Managers all over the country.

• Does financial management rev your engines? HGreg needs a Senior Controller based near Palmetto Bay, FL.

• This is a great opportunity for someone who wants to flex their sales skills: Tom Whiteside Chrysler Dodge Jeep Ram is hiring a sales rep in Mount Sterling, OH.

Looking to hire? Add your roles today—it’s 100% free.

Thanks for reading everyone.

— CDG