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CarCast

CarCast+Edmunds - Manufacturers dropping prices on new cars, used car prices, financing vs leasing and more.

CarCast

Bleav + Carolla Digital

Comedy, Automotive, Leisure

4.62.4K Ratings

🗓️ 18 March 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

Matt and Alistair welcome Jessica Caldwell, head of data insights at Edmunds, to discuss new and used car prices, negative equity, high interest rates and what you should consider when buying a vehicle. Presented by DrinkBravago.com

Transcript

Click on a timestamp to play from that location

0:00.0

The Hello, welcome to Carcast and Edmonds podcast. I'm Matt the Motorator

0:22.2

Dienger here with Alistair Weaver, and our lovely

0:25.0

guest, Jessica Caldwell from Edmonds as well.

0:27.8

How are you?

0:28.8

I'm good, thanks.

0:30.8

Everybody's doing well.

0:31.8

Jessica, why don't you explain what you do at Edmonds and that will kind of lead into our topic

0:36.0

of discussion for today?

0:38.0

Yeah, so Edmonds, I look at a lot of data.

0:40.3

So I'm looking at all the transaction data that happens in the United States about knowing I don't know who you are but I know what you bought I know if you put a down payment I know if you took a loan out and so what was your interest rate I know what color vehicle that you bought I know if you trade it in your Ferrari 458 for Fiat 500 which is actually

0:57.5

happened one time I have seen it in the transaction data so all those data pieces

1:01.8

to create insights of what's going on in the market makes sense of it, especially over the past few years it has been very topsy-turvy.

1:07.0

So looking at what consumers are doing and what they're buying and how they're buying it, has all been very, I I think helpful to us to let us understand what's going on right now.

1:16.4

So speaking of data, a friend of mine has a cyber truck took delivery, went paid, took delivery of it, and then today Tesla reached out and said,

1:26.6

we lost your cashier's check, please pay us again.

1:30.0

Do you have data on that? How often do you think that happens?

1:34.4

Not only gave them the truck.

1:38.3

I say it's not his problem at that point.

1:42.1

That's magnificent.

1:43.4

Also, like, you've got to wonder what happened with the guy who had a, you know, whoever had the

1:48.3

four, four, five eight and you know, did they go to Vegas?

1:52.1

Did they put like the keys on the table and

...

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