Here are highlights from the latest episodes of ‘Daily Drive’, Automotive News’ weekday podcast, Jan. 30-Feb. 2, hosted by Jamie Butters with Kellen Walker and Jake Neher this week.
Highlights from the latest ‘Daily Drive’ podcasts, Jan. 30-Feb. 2
“We really have a scarcity of younger units, which in particular is tough for franchised dealers because that is the core of their market. So our forecasts, our outlook, is not a bright one.” — Jonathan Smoke, Cox Automotive chief economist, on his 2023 economic outlook
“That (certified pre-owned) vehicle is going to be tough to find. So, figuring out ways to buy vehicles from consumers or through other channels is going to be key in” 2023. — Patrick Manzi, National Automobile Dealers Association chief economist, on how retailers should plan ahead for the rest of 2023
“The last couple years …everything is great because the grosses are high and we all think we’re geniuses and we’re brilliant, right? But we’re not. The day is coming where that stuff is going to come out and we’re going to get back to ‘How do we manage this business at a five-and-a-half point margin?’ ” — Daryl Kenningham, CEO of Group 1 Automotive
“My focus is still the same, which is getting the right people pulled together and the right processes pulled together and make it fun. And if it’s fun, we make money. It’s kind of a cool thing.” — Larry Van Tuyl, CEO of Visionary Automotive Group
— Listen to these and other shows at autonews.com/dailydrive.