logo
episode-header-image
Dec 2024
1h 2m

The Truth About Used Cars in 2025

David Spisak
About this episode

Welcome back to this episode of The David Spisak Show, today's episode is an absolute must-listen for anyone in the automotive industry—especially if you’re knee-deep in the world of used cars. Joining me are two incredible guests: Jared Kalfus, EVP at Black Book, and Laura Wehunt, VP of Data & Analytics. These two sit at the very heart of the used car universe, and they’re here to unpack the past, present, and future of our industry.

Here’s the deal—used cars are no longer the icing on the cake. They are the cake.

We kick things off with bold predictions for 2025 and rewind the tape to dissect what actually happened in 2024. Why haven’t we seen the kind of depreciation many of us expected? What’s going on with EV values? And how on earth did Carvana make one of the biggest comebacks ever? We dig into all of it—auction dynamics, acquisition mastery, dealer disruptions—you name it.

Jared and Laura share insights straight from the data trenches. Whether it’s affordability challenges, the rise of “big players” like CarMax and Carvana, or new acquisition strategies shaking up the status quo, this episode delivers the goods.

Key Takeaways You Won’t Want to Miss:

  • Why inventory acquisition is the single most critical skill to master in 2025.
  • How shifting consumer preferences are rewriting the playbook for success.
  • The wild world of EVs—crazy depreciation, surprising affordability, and what’s next.
  • Real talk on auctions: Are they still worth it, or are alternative platforms the future?

This is one of those episodes where you’ll want to take notes, hit rewind, and maybe even send it to your team. It’s a mix of hard-hitting facts, valuable strategy, and some fun moments (yes, there’s Santa Claus and Cybertruck talk).

If you’re in the used car business—or just curious about what’s ahead—this is for you.

Connect with David Spisak to Achieve Exponential Growth:

Like this show? Please leave us a rating and review where you're listening right now!

Up next
Aug 21
The Dealer’s Advantage: How to Compete with Carvana and CarMax in 2025
In this episode my guests are Steve Greenfield from Automotive Ventures, Chip Perry, industry icon and former Autotrader CEO, and Dom Pope, founder of Sell My Ride.We dive into how dealers can win in the used car market at a time when acquiring the right inventory feels harder th ... Show More
57m 49s
Aug 14
Inside the Net Zero Model That’s Saving Dealers Millions with Angelo Mendola
In this episode, my guest is Angelo Mendola, President & COO of Priority Payment Systems Local — a guy whose business success is rooted in something far more powerful than just numbers or technology.Angelo’s journey starts in a Brooklyn restaurant at 14 years old, where he learne ... Show More
58m 14s
Aug 7
From $0 in 6 Years to 125 Dealerships with Robert Stettler
In this episode, I sit down with Rob Stettler—founder, president, and the driving force behind Clear Car Concepts. From wrenching on lawnmowers in freezing Amish country as a second grader… to running one of the largest automotive accessory install operations in the U.S., Rob’s s ... Show More
59m 19s
Recommended Episodes
Jun 20
Beyond ‘Good’: Creating Client Experiences That Stick in an AI World with Steven Van Belleghem - 319
The business world is changing fast. AI is reshaping how customers search, buy, and connect — but most companies are still stuck in old habits, missing the human magic that actually builds loyalty. At the same time, too many businesses are confusing efficiency with excellence. Th ... Show More
1h 4m
Nov 2024
MI376: Why Do Great Companies Fail? The Innovator’s Dilemma w/ Shawn O’Malley
In today’s episode, Shawn O’Malley (@shawn_OMalley_) discusses why great companies fail, as outlined by Clayton Christensen in his timeless book, The Innovator’s Dilemma, which was first published in 1997. The Economist actually named it one of the six most important business boo ... Show More
53m 4s
Jul 2024
TIP646: How To Understand A Business Like A Pro w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses a book that is near and dear to Warren Buffett’s heart, Common Stocks and Uncommon Profits by Philip Fisher. He’ll discuss why the book was so influential on Warren’s transition towards quality businesses, why going deep into a business i ... Show More
1h 9m
May 29
Episode 769: Digital CEO Weekly Win: A Voice Actor Turns His Passion Into a 6-Figure Business & Grows His Revenue +177% Doing What He LOVES in a SMALL Niche - Paul Schmidt's BBD Success Story
Each day this week we’ve been highlighting Business By Design members who are doing incredible things in their businesses, and today is no exception! Jenni sits down with Paul Schmidt, a voice actor turned Digital CEO, as he pulls back the curtain and shares the big lessons and i ... Show More
58m 2s
Apr 2025
RWH056: Calm Amid The Storm w/ Christopher Begg
In this episode, William Green chats with Christopher Begg, an exceptional hedge fund manager who is the CEO & CIO of East Coast Asset Management. Chris has also taught for many years at Columbia Business School, where he teaches the prestigious Security Analysis course that Warr ... Show More
2h 8m
Apr 2025
From Burnout to Breakthrough: How Iteration Revealed My True Business Purpose
In Episode 233 of The Business Development Podcast, Kelly Kennedy takes us on a powerful behind-the-scenes journey through the evolution of Capital Business Development. What began as a fractional business development service has, through years of iteration, transformed into a pu ... Show More
30m 17s
Feb 2025
The Microsoft Mindset - How Innovation Fuels Success & Growth
Innovation Secrets from Inside Microsoft If you're not innovating, your competition is. That’s the world we live in. Microsoft didn’t become one of the most dominant companies on the planet by accident—it built a culture of constant reinvention, adaptation, and innovation. And to ... Show More
1h 2m
May 2024
169: The 4 Keys to Selling Your Ideas to Upper Management
Have you ever felt frustrated when your brilliant ideas at work weren't taken seriously?   Listen now and discover the secrets to making your ideas impossible to ignore!   > Full Show Notes, Resources, & More   ============================   When you’re ready, here are three ways ... Show More
27m 29s
Jun 18
Jim Kwik on Rewiring Your Brain for Focus, Speed, and Success | #Success - Ep. 45
This one’s all about unlocking your brain so you can learn faster, remember more, and become unstoppable in business and life. In this episode of The Russell Brunson Show, I sit down with Jim Kwik, the world’s leading expert on memory, brain performance, and accelerated learning. ... Show More
43m 47s
Nov 2024
SPI 837: The Best Tips for Success Without Burnout with Chris Ducker
#837 Is slowing down the key to unlocking the next level of your business and life? Tune in for today's episode, because my longtime friend Chris Ducker is back on the show. A lot has happened since our last chat, so join us to discover how Chris is building a powerful legacy wit ... Show More
44m 54s