CarSalesGuy™ @Car_Sales_Guy
Award-winning automotive sales professional offering insight into the world of cars, dealerships, salespeople, financing, parts, service, and dealer operations. United States Joined January 2023-
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@GuyDealership Honda and Toyota dealers are producing more inventory, but not *enough* to meet demand. Dealers from these two brands are enjoying good profit margins and low floor plan cost. Efficiency wins in this environment.
NEWS: Over *1 million* vehicles were reported stolen in 2023. At a glance: Car thefts rose across the U.S. last year. In total, 1,020,729 vehicles were reported stolen, an increase of about 12,000 vehicles from 2022. What vehicles are stolen most often? Data from the National…
@GuyDealership Highest volatility: -Higher priced vehicles $50k+ -EVs -big SUVs/trucks Lowest volatility: -Hybrids -Japanese imports -newer cars under $20k
@GuyDealership Letsssss gooooo! Already seeing the trend. ⬇️ used car prices ⬇️ new car prices ⬆️ traffic ⬆️ inventory ⬆️ incentives 👉 Prospective buyers who were waiting are coming off the sidelines now. 👉 If we get a few rate drops, the car market will go nuts.
🚨BREAKING: FORD PULLS OUT OF EV - SHIFTS TO HYBRIDS | LOST BILLIONS Ford is delaying all-electric vehicle launches and moving focus to hybrids. The move follows a noticeable $4.7 billion loss in Ford's electric division, contrasting with a $7.5 billion profit in traditional…
@GuyDealership Last year, dealer revenue exceeded $1.2 Trillion (that's right, with a T). 💰 Yet, the automotive industry is riddled with logistical and technological shortfalls. 💻 The untapped opportunity is mind-blowing if you possess the skills to solve these problems. Source: NADA
Here's a fun one. In fall of 2022 the *average* used Tesla was priced at almost $68k. Today? ⬇️⬇️⬇️ The average used Tesla is priced just over $30k and falling. With increasing supply and new entrants from China looming, where do you think we're headed next?
🤫 Leaked: Honda is set to reduce dealer profit margins by an UNPRECEDENTED 44% For context, profit margins are typically 4.5% to 8% depending on model and trim level. Why? ⬇️ To fund its EV operations. Source: Industry sources familiar with the matter. (News drop April)
I really love seeing people pivot. Something you once loved is no longer working for you? Fine. Now, you pivot. You adjust and you rekindle your fire and rhythm.
The wholesale used car index is down almost 15% year-over-year! 🤯
The wholesale used car index is down almost 15% year-over-year! 🤯
Great news for new car buyers! New cars are the *most affordable* they've been in 31 months. The graph suggests further downward pressure on price-to-income as normalizing continues. Source: Cox Automotive
R2 is expected to start around $45,000 with deliveries beginning in the first half of 2026. Reserve yours now with a $100 refundable deposit: rivn.co/reserveR2 Pricing may vary based on vehicle options. Additional taxes and fees will apply based on location.
The Least Expensive Cars to Own: (5-Year Cost to Own) 1) Toyota Prius $22,959 2) Honda HR-V $25,322 3) Subaru Crosstrek $25,672 4) Toyota RAV4 $26,095 5) Honda CR-V $26,277 Any of these surprise you? (Data source: CarEdge)
According to the Federal Reserve Bank of New York, 4.17% of US Auto Loans are delinquent by 90+ days.
After 2 years on this platform, the secret is finally out. World Premiere of Who The F*ck Is Car Dealership Guy—Watch now:
The average monthly payment for used cars is $533, according to Experian.
🔴BREAKING: DISCOUNT TIRE-BACKED ROBOTIRE FILES FOR CHAPTER 7 BANKRUPTCY PROTECTION 🔴 RoboTire uses A.I. to automate tire-changing using a robotic arm, claiming it can change tires in as little as 4 minutes, 25 seconds. They are now liquidating.
@Jay_Andy12 @GuyDealership REASONS FOR GAP INSURANCE: -High APR loans (don't pay down the principal as quickly) -High mileage drivers -long-term loans -no money down -fast depreciating cars
Reminder: Closed mouths don’t get fed. If you want something—and you’ve done the work—ask for it. • Worst case—you’re told no. • Best case—it’s yours. The old adage to sit back and wait for good things to happen to you is terrible advice. A little push goes a long way.
This is surprising. Car prices keep rising, rates are high. But good news: Incentives will likely change this in 2024.
This is surprising. Car prices keep rising, rates are high. But good news: Incentives will likely change this in 2024.
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U.S. News Cars @USNewsCars
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@Car_Sales_Guy @GuyDealership The post was on the first few days of May. What are the other brands doing? The average age of the car on the roads is the oldest ever. I think the consumer is cutting back where they can. I went to a Cabela’s on a Friday night not kings ago and it was dead, usually a full lot.
@Car_Sales_Guy @GuyDealership True. You’re also about to hit the massive lease drop off on 3-6mo. There’s a lot of uncertainty in that upcoming market. I don’t see either OEM considering touching the inventory button until after Q2.
@Car_Sales_Guy That’s what i expect. Super low days’ supply still
Employee at a large Honda dealership: "It's a complete ghost town" I was reluctant to post this because it’s only 1 sample out of 1,000s. But am curious, what are you all seeing out there right now?
Someone asked me a good question (that seemed obvious to me) "Why are dealership margins compressing?" My response: • Higher interest rates rates • Cooling consumer demand (for most brands, not all) • Growing new car inventories • Dwindling consumer savings What'd I miss?
If you work at a dealership and walk past a phone ringing without answering the call, you should lose your job.
The all-new #HondaPrologue SUV has class-leading passenger space, intuitive tech, and an elevated design. It’s everything you’d expect from a Honda, now electric. On sale now. honda.us/3JDCAws
You better avoid a fender bender: The average sale at an auto body shop has crossed $1,000. It's more expensive than ever to repair a vehicle. (Data via NADA/Patrick Manzi)
@GuyDealership Meaning a "body shop that also includes 5 minute oil change + inspection + sauna + cold plunge + coffee" 🤝🤝
If this gets 10,000 likes, @GuyDealership will order a Tesla and exclusively drive it for a year.
The goal of FSD is to eventually enable anyone to go anywhere, no matter their personal circumstances
This week my sister, her husband, and two friends visited for the eclipse and we talked a lot about @Tesla FSD 12.3.3 and how this can be a helpful tool to people getting older and not quite as confident driving as they used to be. We decided to go for some drives and I both…
Wholesale used car prices are falling again in April: Prices for used cars sold at auction fell 1.9% during the first 15 days of April — according to the Manheim Index. The index hasn’t been this low in three years. Basically, prices have dropped meaningfully year-over-year.…
It could be that Tesla will soon start offering very low financing rates in the U.S. instead of inventory discounts.
@SawyerMerritt We are simplifying and streamlining the whole Tesla sales and delivery system. It has become complex and inefficient.
NEWS: Over *1 million* vehicles were reported stolen in 2023. At a glance: Car thefts rose across the U.S. last year. In total, 1,020,729 vehicles were reported stolen, an increase of about 12,000 vehicles from 2022. What vehicles are stolen most often? Data from the National…
@GuyDealership Hyundai and Kia have made some bold moves over the last few years. They've earned the right to be on the list.
The reason I still believe Tesla is the long-term EV winner in the United States is simple: Innovation. China will produce cheaper. China will eventually compete away margins. But if history has taught us anything, it's that Elon will likely out-innovate. The man thrives in…
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