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LotTalk Podcast powered by Lotpop

LotTalk Podcast powered by Lotpop

Lotpop Inc.

LotTalk powered by Lotpop, explores timely topics in the automotive industry with weekly updates and features guests from various sectors of the automotive world. Learn more at ⁠www.lottalkpodcast.com

90 - Are You a Retailer or a Wholesaler? The Habit Costing You $3,000 a Trade
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  • 90 - Are You a Retailer or a Wholesaler? The Habit Costing You $3,000 a Trade

    Are you running a retail dealership from a wholesale vantage point? Chris Keene and John Anderson break down why anchoring appraisals and pricing to MMR and auction data turns good operators into wait-and-see dealers, and what it cost one new client about $3,000 per trade on F-250s he sold in 11 and 16 days. They unpack the Carvana vs. CarMax numbers (38% growth vs. a 1% drop in the same market), what Van Horn's 2.42 to 1 used-to-new ratio has to do with a 98.86% review response rate, and the "money, machine, or me" test every manager should run before touching a price. Then Chris shares his screen: a top-performing 389-unit dealer with a Kona at 86 VDPs and zero leads, a market that moved 5% in four days, and roughly 100 units that went the wrong direction inside a week. Plus the Q4 game plan: sell what you stock, 65% out of the first 30 days, and under 10% aged by November.

    Wed, 09 Sep 2026
  • 89 - The 30-Day Car and the 100-Day Car Are Now Two Different Businesses

    New car searches are down nearly 50%, the market average days to turn just jumped from 51 to 53, and 300,000 off-lease EVs are flooding into the used market. On this episode of LotTalk, Lotpop coaches Chris Keene and John Anderson break down why the 30-day car and the 100-day car are now two different businesses inside your dealership, and why each one needs its own game plan. They cover the affordability shift pushing buyers from new to used, the CPO opportunity most stores are ignoring, why market day supply stops mattering the moment you own the car, and a real CRM story about a $79,000 lead that told the store everything and got ignored. Plus: the 65% first-30-days benchmark, contact gap coaching, and how to turn stalled leads into acquisition opportunities. Want a free walkthrough of your inventory tool or CRM? Visit lotpop.com/estimate.

    Wed, 26 Aug 2026
  • 88 - Inventory Is Up, Sales Are Down: The Math Every Used Car Manager Needs Right Now

    Used inventory is up, sales are down, and the July-August lift never showed. So why are sales desks still passing on first offers? This week on LotTalk, Chris Keene, John Anderson, and Renaldo Leonard break down why the first deal is always the best deal, including a real dealer example where a 14-day-old unit drew an offer at 100% of market and the desk almost passed because "it's too new." The guys also share two referral horror stories from this week alone, including a delivered vehicle with four miles of gas in the tank, and what those failures cost a store far beyond one deal. Plus: the $55-a-day holding cost nobody talks about, why top operators sell 90% of inventory in the first 30 days, how to build a referral process that protects your reputation, and three must-read books for anyone in sales.

    Wed, 19 Aug 2026
  • 87 - Stop Asking "Do You Have a Trade?" Do This Instead.

    Season 4 kicks off with the numbers every used car manager needs to see. Day supply on inventory over $35,000 has blown past 50 days while $10K to $20K units turn in just 31, and the LotTalk crew breaks down exactly what to do about it. Chris Keene, John Anderson, and Renaldo Leonard cover how one dealer partner bought 331 vehicles off the curve in a single month, why your 10 percent trade-on-lead number is a sourcing goldmine in disguise, and the one question your salespeople should ask instead of "do you have a trade?" Plus: 300,000 off-lease EVs hitting the market with residuals landing 15 points below projections, and why the recon shortcuts dealers are taking right now will mortgage their future. Grab a notepad. This one sets the table for next week's deep dive: why your first deal is always your best deal.

    Wed, 12 Aug 2026
  • 86 - The 900 Sales a Month Hiding in Your Service Drive (And the Vendor Mess Blocking Them)

    Brian Benstock has been the number one certified Honda dealer in the world 16 times and the number one certified Acura dealer 15 times. In this episode of LotTalk, Chris Keene, John Anderson, and Renaldo Leonard get him to lay out the math on the most profitable transaction in any dealership: the vehicle exchange.

    Benstock explains why roughly 30% of your service customers can trade into a comparable vehicle at the same payment today, and how that pencils out to as many as 900 additional sales a month at a store the size of Paragon. He also makes the case for cutting your vendor list down to a handful of real partners, paying them on transactions instead of impressions, and refusing to pay a toll to access your own customer data.


    Plus: why he sold EVs at $99 a month in Queens, why AI is a force multiplier and not a threat, and why "I can't get my people to do it" is a leadership problem.

    Listen at LotTalkPodcast.com.

    Wed, 05 Aug 2026
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