Revealing the dealership tricks that pad profits at your expense. Featured in WSJ, CNBC, CNN, USA Today, NYT + more. Never buy solo again!
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Joined July 2019
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CoPilot: AI-Assisted Car Buying retweeted
FORD CEO: “I think what [Elon’s] going to learn is product freshness means a lot. The product gets commoditized and then you lose your pricing premium. That’s a really dangerous thing.”
$TSLA $F @ElectrekCo electrek.co/2023/04/28/ford-…
CoPilot: AI-Assisted Car Buying retweeted
Test drove a BMW i7. Really obvious how bad Teslas build quality is the second you sit inside and close the door.
CoPilot: AI-Assisted Car Buying retweeted
The V12-powered hypercar looks amazing in black, combined with gold-finished forged wheels carscoops.com/2023/03/watch-…
CoPilot: AI-Assisted Car Buying retweeted
Used-car prices are still on the rise – but why? 💡💰
Hear from @CoPilotSearch CEO Pat Ryan on how soaring prices over the last year and interest rate hikes are making a costly borrowing situation for consumers and businesses.
via @USATODAY
usatoday.com/story/money/per…
CoPilot: AI-Assisted Car Buying retweeted
This is also why Tesla never created an all electric motorcycle. $TSLA
CoPilot: AI-Assisted Car Buying retweeted
BREAKING: @Tesla has launched Supercharger membership packages for Non-Tesla EV owners.
There are two plans:
• Pay Per Use: Pay as you go, access to Supercharger network
• Membership: $12.99/month (in the US), access to Supercharger network, up to $0.12 lower price per kWh
CoPilot: AI-Assisted Car Buying retweeted
"Used car prices are ⬇️ dropping – but what does this mean for consumers?
@NerdWallet dives into @CoPilotSearch data on the trend:
nerdwallet.com/article/loans…"
CoPilot: AI-Assisted Car Buying retweeted
Today @Ford is announcing a $3.5B investment to build the first automaker-backed LFP battery plant in the U.S. bringing 2,500 jobs to Michigan. Good for America and our customers! All part of our $50B+ plan to innovate & lead the EV revolution.
#BuiltForAmerica #BuiltFordProud
CoPilot: AI-Assisted Car Buying retweeted
Watch out for the Kia boys! 🚗⁉️
10% of Kias in Chicago were stolen in 2022
(and 7% of Hyundai's too!)
Insurance companies refusing to insure these brands, or jacking up premiums
Why are these two brands stolen so easily and often?
🧵⬇️
CoPilot: AI-Assisted Car Buying retweeted
Even Low-Milage Teslas Are Often Too Expensive to Fix dlvr.it/ShkmR6
CoPilot: AI-Assisted Car Buying retweeted
Tesla prices are down – but what does this mean for buyer confidence and interest? 🚗
CoPilot CEO (@PatRyanChicago) shares his take – via @ForbesWheels:
xitter.cf/CoPilotSearch/status/1…
What a rollercoaster for Tesla prices. A staggering reversal. Good times if you've been waiting to buy one - new or used, according to Forbes and our CEO @PatRyanChicago.
forbes.com/wheels/news/tesla…
CoPilot: AI-Assisted Car Buying retweeted
BREAKING: @Tesla has reduced their car prices MASSIVELY in the US. Changes:
• Model 3 RWD: $43,990 (from $46,990, a 6.4% drop)
• Model 3 P: $53,990 ($62,990, 14.2% drop)
• Model Y Long Range: $52,990 (from $65,990, a 20% drop)
• Model Y P: $56,990 (from $69,990, a 23% drop)
CoPilot: AI-Assisted Car Buying retweeted
Is it a good time to buy a car?
CEO of CoPilot, Pat Ryan, joined to discuss the pros and cons of getting new wheels before the year ends.
CoPilot: AI-Assisted Car Buying retweeted
Great to be on @EarlyStart with @ChristineRomans w/ latest on car market
New car inventory is up 70% since summer '22 lows. Prices & availability will improve throughout 2023
Used car prices are down 7% from April peak
1-3 yr old -9% from Aug peak; older cars -15% from peak
CoPilot: AI-Assisted Car Buying retweeted
Wholesale auction prices are down 10% but retail used-car prices are only down 3.1% from peak; retail prices are still +35% since Mar ‘20 and +7% vs a year ago
There are cracks in the dam but it hasn’t broken yet. When it does it will be deflationary.
CoPilot: AI-Assisted Car Buying retweeted
Wholesale auction prices needed to drop faster than retail prices. Dealers need to price used cars from auctions at a loss in order to hit consumer price points.
Auctions had too few cars and too many bidders which is why Manheim prices are dropping so much faster than retail.
CoPilot: AI-Assisted Car Buying retweeted
Retail prices are down 3.1% in the last 10 weeks but are still up 35% since March 2020 so prices have a lot of room left to drop.
Demand continues to be hurt by vehicle affordability, especially as interest rates rise so prices drops should accelerate in the coming months
CoPilot: AI-Assisted Car Buying retweeted
Auction prices needed to drop faster than retail prices though. Dealers have had to retail price used cars bought at auction at a loss in order to hit the right consumer price points.
That's likely why Manheim's auction index is dropping so much faster than retail prices.