Vehicle Shortages Explained, Car Price Predictions & That Time CDG Bought 50 Chevys — Jonathan Smoke

CarDealershipGuy Podcast, May 12, 2023 — Cox Automotive Chief Economist Jonathan Smoke joins CarDealershipGuy for a wide-ranging discussion on the automotive industry covering inventory, pricing and how the pandemic has permanently transformed the industry and more.

Here’s the rundown:

• Intro (00:51)
• Our unique market environment (04:12)
• Jonathan’s background (08:45)
• The Great Digitization (11:46)
• That time CDG bought 50 Chevys at auction (13:40)
• Are we in a K-shaped recovery? (18:45)
• Domestic vs International supply constraints (26:00)
• When do we get back to 2019 price levels? (33:45)
• Forecasting new vs used car prices (38:19)
• Advising a new car buyer (41:42)
• Jonathan’s take on EVs (47:38)
• DJ Smoke’s recommended listening