In this podcast episode, Jeffery Bellant and Kirsten Von Busch discuss the latest Automotive Consumer Trends and Analysis Report, focusing on generational insights in automotive purchases. They explore how different generations approach car buying, the implications for dealers, and the trends in electric vehicle registrations. The conversation highlights the importance of understanding consumer behavior and adapting marketing strategies accordingly, especially in a competitive used car market.

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Chapters

00:00 Introduction to Automotive Consumer Trends
01:22 Generational Insights in Automotive Purchases
10:10 Market Trends and Implications for Dealers
17:28 Future of Electric Vehicles and Generational Shifts
21:30 Conclusion and Resources for Dealers

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Brendan Jones, owner of Ready Motors and a state lawmaker, shares his journey in the car dealership business and politics. He discusses how his family got into the car business and the challenges they faced. Jones also talks about his experience in the state legislature and the importance of small businesses and car dealerships in the community. He highlights the role of associations in advocating for the industry and the need for effective implementation of laws and regulations. Jones emphasizes the positive impact car dealers have on their communities and the importance of good government for the industry.

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Chapters

00:00 Introduction
00:53 Brendan Jones' Background in the Car Dealership Business
07:34 Brendan Jones' Entry into State Legislature
11:24 The Experience of Serving in the State Legislature
13:19 The Importance of Associations in Advocating for Car Dealerships
14:40 Challenges in Implementing Laws and Regulations
19:18 The Positive Impact of Car Dealerships in the Community
23:26 The Role of Associations in Advocating for Car Dealerships
24:36 The Importance of Effective Implementation of Laws and Regulations
25:28 Advocacy Efforts by NIADA
25:54 Conclusion

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Competition is fierce in the used car arena, so how can you ensure that your pre-owned inventory stands above the rest? Success starts with the quality of your leads. AutoTrader for Independence offers products that help drive high-quality leads for independent dealers like you. In this episode of the Used Car News Podcast, host Jeffrey Belant interviews Aaron Hancock, the director of product management for automotive at Lead Venture. They discuss various topics, including the impact of the CDK Global ransomware attack, the changing marketplace, the transition to digital, the importance of security training, and the role of artificial intelligence in the automotive industry.

Read this months issue here.

Chapters

00:00 Introduction
01:23 The Impact of the CDK Global Ransomware Attack
04:44 The Changing Marketplace and the Transition to Digital
08:00 Meeting Consumer Expectations for Online Car Buying
09:29 Adapting Processes and Communication Methods
12:51 The Role of DMS in the Automotive Industry
15:06 The Importance of Reputation Management
19:10 The Rapid Pace of Technology Changes and the Role of AI
21:34 Educating and Supporting Dealers in the Digital Transformation
24:18 New Products and Innovations in the Automotive Industry
27:36 Conclusion

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