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What the trade is reading, watching, and talking about
Monday, October 26, 2026

Front pageEditionsSunday, October 25

The Morning DriveSunday, October 25Earlier edition

Used Metal Holds, New Metal Goes On Sale

An $80k Cadillac flagship at Camry money, a Wagoneer outbidding a Bentley, and 1.99% on new EVs — the gap between what holds value and what doesn't is your whole margin right now.

DEPRECIATION IS THE PRODUCT

The weekend buff-book run was essentially a curbstone appraisal class: a Cadillac CT6 that stickered near $80k now trading under $30k, a Grand Cherokee diesel with a 7,400-lb tow rating under $12k, and a ranked list of luxury SUVs sorted by how fast they rot on a lot and how much out-of-warranty exposure they hand the next owner. The pattern is the usual one — the cars that fall fastest are the ones with the most content to break, and air suspension plus night vision plus a German V8 is a recon estimate wearing a nice suit. Cheap acquisition is not the same as cheap inventory. If you're buying the fancy stuff, price the warranty conversation into the deal before it prices itself in at 45 days on the lot.

NEW-CAR DESKS GET LOUD

Rivian is dangling 1.99% on R1s to clear the decks for R2, Audi dealers are discounting Q7s ahead of the 2027, and the last hot hatch under $40k is holding the line at $35,865 delivered. That's what model-year changeover pressure looks like, and it does two things to you: it pulls your best-credit shoppers into a new-car showroom, and it drops a wave of three-year-old luxury trades into the auction lanes in about ninety days. Watch the second part more closely than the first. Subsidized new money is temporary; the inventory it shakes loose is what you'll be buying in January.

WORTH A READ: LISTINGS AND LIABILITY

New York City has sued CarGurus over its deal ratings and hidden-fee disclosures — a case about how third-party marketplaces present your price, not just how you advertise it. Separately, there's a good piece kicking around on who's actually at fault when driver-assist software contributes to a crash, which is the kind of question that eventually finds its way onto a reconditioning checklist. Neither is a fire drill this morning. Both are worth twenty minutes with coffee, because the way deal badges and advertised fees get scrutinized affects every car you syndicate.

THE FLEET KEEPS AGING

Average vehicle age keeps climbing because new-car payments keep climbing, and the enthusiast press is finally covering it as a consumer strategy rather than a statistic. Exhibit A: a Chevy Bolt with 470,000 miles that a battery replacement will push past half a million. Your customers are already living this — they're not shopping for a car, they're shopping for the next 60,000 miles. Sell the service record and the remaining life, not the model year.

Closeline DMS

The system that wrote this brief also runs the store.

One system for inventory, CRM, desking, F&I, recon, collections, a live wholesale network and digital vehicle brochures. Built in dealerships, not in a conference room.

Closeline DMS

Read this every morning. Then go run the best store in town.

The Morning Drive is free and always will be. The system that writes it desks the deal, prices the car, chases the stip and answers the lead — for independent dealers who are tired of paying franchise money for franchise software.

Used Metal Holds, New Metal Goes On Sale — CloseLine Intel, Sunday, October 25