Why Dealers Are Losing 70% of Trade-Ins—and How They’re Fighting Back | Brian Kramer, EVP at Cars Commerce | Car Dealership Guy Podcast - Listen or read transcript on Metacast
Why Dealers Are Losing 70% of Trade-Ins—and How They’re Fighting Back | Brian Kramer, EVP at Cars Commerce
Welcome to the Car Dealership Guy Podcast. In this episode, I’m speaking with Brian Kramer, EVP at Cars Commerce, where we discuss: why dealers are losing 70% of trade-ins for every new car they sell, the future of data ownership for dealers, how Brian and his team are working to tackle—and beat—online vehicle price manipulation, and much more.
This episode of the Car Dealership Guy Podcast is brought to you by:
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See Brian Kramer at NADA 2025, send him a DM on LinkedIn to schedule a meeting: https://www.linkedin.com/in/bkramer1/
And don’t miss Cars Commerce at the big show, booth #1426, schedule a live demo here: https://www.carscommerce.inc/nada/
Check out the 2024 Auto Market Year-In-Review report, packed with data and insights on the trends and shifts in the auto industry in 2024 here: https://www.carscommerce.inc/insights-report/
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Topics:
00:00: Intro
01:21: What problems come up when buying cars?
01:47: What do dealers complain about at auctions?
02:26: How do CarMax and buying cars in bulk change the market?
04:01: What are the main ways to set prices and compete?
05:03: How do customers’ experiences and dealers' actions connect?
10:26: What rules are hard to follow, and what can be done?
16:33: How can negative value in trade-in cars be fixed?
17:17: What’s happening now in buying used cars?
20:16: What problems do dealers have, and what can help?
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