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LotTalk Podcast powered by Lotpop

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Rating
★★★★★
5
from
6 reviews
This podcast has
95 episodes
Language
English
Publisher
Lotpop Inc.
Explicit
No
Date created
2024/10/25
Latest episode
2026/10/21
Average duration
57 min.
Release period
8 days

Description

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

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Podcast episodes

Check latest episodes from LotTalk Podcast powered by Lotpop podcast


Your Lead Went to 14 Other Dealers Too. Why Is Your Follow-Up Still a Template?
2026/10/21
Effective lead follow-up isn't about volume; it's about standing out when your customer is shopping 15 dealers at once. Most customers send their information to a dozen dealers simultaneously, making your standard dealership CRM responses invisible noise. This week, Chris Keene and John Anderson host CRM trainer Courtney Paschal to dismantle why your current outreach is failing. We move past the scripts to show you the specific video content that converts and the exact text strategies that force a response from silent prospects. We also examine a side-by-side case study of two stores in the same market with vastly different sales outcomes. By analyzing their inventory management and how they handle aged units, you will see exactly how to stop managing by accident. Whether you need to fix your appointment confirmation process or refine your sales process, this session provides the operational roadmap to actually get customers to the desk. Subscribe for weekly dealership operations insights and let us know in the comments if you have successfully re-engaged a cold lead lately.
Why Do Dealers Turn Down $29,000 on a 12-Day-Old Car and Then Wholesale It at 90?
2026/10/14
Every dealer says fresh inventory makes the most money. So why does the middle bucket fill up every fall? On this episode of LotTalk, Chris Keene, John Anderson, and Renaldo Leonard dig into CarMax’s latest quarter (gross per unit down $111, retail units up 13.8%, dealer purchases up 53.7%) and what it says about trading margin for volume. John explains why a “loose” 60-day aging policy isn’t a policy, Chris makes the case that used car pay plans are built to create aged inventory, and Renaldo breaks down why taking $29,000 on a 12-day-old car listed at $30,000 is often the smartest deal on the board. Plus: the customer-merchandising-price order for working aged units, the 45-day hard stop, Q4 age bucket benchmarks (61+ under 10%, 31 to 60 under 20%), and why raising lease penetration today solves your acquisition problem in 2029. Powered by Lotpop and LotWalk.
The $2,380 Mistake: Why Your Dealership Is Stagnant
2026/09/30
Stop losing $2,380 per unit to operational blind spots. Learn how to fix your dealership management process and reclaim lost profit. Chris Keen, John Anderson, and Renaldo Leonard host this Lot Talk session to diagnose why so many stores remain stagnant despite market activity. We move past common excuses to examine the specific data points that separate high-performing operators from the rest. By auditing your front-end performance, you can stop leaking revenue and start making intentional decisions that move the needle. We also discuss the importance of real-time information processing so your team can adapt before the competition reacts. This is about building the habits that turn mediocre months into consistent wins. If you are ready to stop managing by accident, this breakdown provides the roadmap to better dealership operations. Subscribe for weekly dealership operations insights and let us know in the comments what specific metrics you want the team to break down in the next session.
You Sold 150 Cars. Here's Why a 52-Year Veteran Says You Left 60 on the Table
2026/09/23
If you are leaving sales on the table, you are likely missing the mark on dealership leadership. Learn the fix from a 52-year vet. Ed French, founder of Auto Profit LLC, joins the panel to explain why most managers fail to get their team to execute: they skip setting clear expectations. He breaks down the four components of a clear expectation and explains why your franchise agreement is not a business model. If you are tired of chasing local competitors, this discussion offers a roadmap to shifting your focus toward a larger BHAG. We also look at why financial statements track your wins but ignore your losses, and how to implement windshield time to actually coach your people. Whether you are a dealer principal or a service director, this session provides the framework to stop managing by accident and start building high-performance teams through intentional sales management. Subscribe for weekly dealership coaching insights and let us know in the comments how you set expectations with your team.
Why "I Can't Find Cars" Is a Lie You're Telling Yourself
2026/09/16
Where do you find inventory when everything at auction is selling $3,000 over MMR? According to Frank Knox, you're just watching the wrong window. Frank spent 17 years buying cars for CarMax, ran acquisition at Off Lease Only, and now leads AutoAcquire AI and Unique Auto Sourcing. He joins Chris Keene and Renaldo Leonard to break down why there are no bad acquisition channels, only bad discipline. In this episode: why a $25,000 car is worth $25,000 no matter where you buy it (and what it's worth to you is a different question), how to know when you're the best end user on a vehicle, why scarcity beats market day supply, the Suburban rental-fleet play that made his dealer money twice, the CARS framework (Clarity, Accountability, Results, Standards), and the 30% appraisal-to-purchase benchmark every used car manager should hit. Book a LotWalk demo at lotpop.com/estimate.
Are You a Retailer or a Wholesaler? The Habit Costing You $3,000 a Trade
2026/09/09
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.
The 30-Day Car and the 100-Day Car Are Now Two Different Businesses
2026/08/26
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.
Inventory Is Up, Sales Are Down: The Math Every Used Car Manager Needs Right Now
2026/08/19
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.
Stop Asking "Do You Have a Trade?" Do This Instead.
2026/08/12
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.
The 900 Sales a Month Hiding in Your Service Drive (And the Vendor Mess Blocking Them)
2026/08/05
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.
"I Can't Get My People To Do That" Is Costing You More Than You Think
2026/07/29
LotTalk kicks off its leadership series with retired Army veteran, educator, and strategist Bryant Love. As a former plans branch chief at U.S. Africa Command, Bryant led 16-plus major planning efforts across 20-plus nations, and he brings that experience straight to the dealership floor. Chris Keene, John Anderson, and Renaldo Leonard press him on the sentence Lotpop coaches hear constantly from dealer leadership: "I can't get my people to do that." Bryant's answer is not what most managers want to hear. In this episode: why shared understanding has to come before execution, the three things every leader owes their team, why no leader development program is a failing grade, the real limits of AI on critical thinking, and the five questions to answer before you roll out anything new on your floor. Plus the four components of applied critical thinking taught to Army special operations leaders. LotTalk is powered by Lotpop. Learn more at lotpop.com.
Hybrids Up 34%, Credit at a 10-Year High: Your 2026 Used Car Sourcing Playbook
2026/07/22
Wholesale used inventory is heading back to 12 million units for the first time since 2019, but auction prices aren't budging. So why are auction-dependent dealers getting squeezed? Chris Keene, John Anderson, and Renaldo Leonard break down the real cost of ownership on auction buys, why used hybrid sales are up 34% (and the Camry Hybrid a jaw-dropping 306%), and how 300,000 off-lease EVs will reshape used inventory by the end of 2026. Plus: the 15-day inventory matching rule, how one dealer scaled a buy center from 12 units a month to 2,800 a year, why a 10-year high in credit availability means your dead deals are alive again, and the line every manager needs to hear: the tools of today have crushed the common sense of yesterday. Hope is not a strategy. Preparation is.
Used Car Prices Just Topped $30K and Buyers Are Still Buying. Are You Getting Your Share?
2026/07/15
The shopper index is falling at the exact time of year it usually climbs. So why are some dealers still stacking record months? In Episode 29 of LotTalk, Chris Keene, John Anderson, and Renaldo Leonard break down the mid-2026 used car market: wholesale values at multi-year highs, average used prices topping $30,200 for the first time since 2023, and the sub-$10K sourcing play independent dealers should be jumping on. Then Chris gets fired up about the main event: quality over quantity in lead follow-up. Why 22 real conversations beat 55 copy-paste calls, the word tracks that actually get responses, what "read the lead" means, and why managers need to get off the desk and coach. Plus shout-outs to Tyrone Polk (48 units in June at Cavender Buick GMC) and Sean Mummer at Buchanan Auto Group. New episodes weekly at LotTalkPodcast.com.
12 Leads, One Winner: How AI Can Decide Who Gets the Deal
2026/07/08
Chris Keene, John Anderson, and Renaldo Leonard break down exactly how dealership sales and BDC teams should be using free AI tools like Google's Ask Gemini in their daily lead follow-up. The average shopper submits 12 to 15 leads and spends up to 19 hours researching a purchase, yet most follow-up is still "are you still in the market?" The guys show how to generate instant walkarounds, fuel economy breakdowns, and competitive comparisons on any brand you carry, why active in-stock leads deserve contact every three days no matter their age, and how the 34-day average retail turn proves your customer's timeline isn't yours. Plus John's real-world story of buying a Ram he never intended to buy, all because one dealership gave him information instead of pressure. Automotive intelligence beats artificial intelligence every time.
This 30-Second AI Trick Turns Any Salesperson Into Their Own Personal Brand
2026/07/01
Coaches Chris Keene and Renaldo Leonard show how Google's Gemini (or any AI tool like ChatGPT or Claude) can generate ready-to-post social media content, lead follow-up scripts, and orphaned-customer outreach messages in under 30 seconds. They break down exactly how a new salesperson, or a 30-year veteran, can use "automotive intelligence" to build a personal brand that outlasts any single dealership job. Plus: why John Anderson, after decades in retail, says he can't stop using Gemini once he started.

Podcast reviews

Read LotTalk Podcast powered by Lotpop podcast reviews


5 out of 5
6 reviews
★★★★★
Home Motors 2026/03/05
Awesome Car Dealership Content
Love this podcast! Awesome, relevant info to make our dealership better! They teach you how to use data to make you better. No guess work, all facts. ...
★★★★★
rockinrl 2026/02/20
My Go-To podcast for Auto Industry Insights
The host do a great job of keeping dealers informed of market trends, best practices and hot topics in the automotive industry. They have fabulous gue...
★★★★★
Automotive Specialist 2026/02/20
Content
Great Content. Raw-Authentic-Real
★★★★★
used.car.dealer 2024/10/25
Very Insightful for used car dealers!
The episode is packed full with great insights into the automotive world and some of the struggles we are dealing with today.
check all reviews on apple podcasts

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