In this episode of the Used Car News Podcast, host Jeffrey Bellant speaks with John Coles, Vice President of Data Science and Analytics for ACV, about the current trends in the used car market. They discuss the impact of supply and demand on vehicle values, particularly focusing on gas, electric, and hybrid vehicles. The conversation also highlights the strategies independent dealers are employing to acquire inventory and the importance of data analysis in understanding market dynamics. Additionally, insights from the NAAA Convention are shared, emphasizing the evolution of the auto auction industry and the challenges faced by dealers.
Chapters
00:00 Navigating the Used Car Market
01:23 Supply and Demand Trends in Vehicles
10:27 Strategies for Independent Dealers
15:37 Understanding Market Basket Analysis
23:09 Insights from the NAAA Convention
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