Matt Lasher pulls back the curtain on one of the most expensive and preventable problems in automotive retail. The moment a customer falls in love with a car, spends five hours at the dealership, and then the deal collapses in finance because nobody asked the right questions early enough.
In This Episode
- What the great train wreck actually is and why it is happening at every dealership every single day
- How the affordability crisis is creating a tidal wave that dealers need to start preparing for now
- Why lenders and dealers are like Mars and Venus and what it costs everyone when that gap stays open
- The hidden bias toward customers with credit challenges and why 40% of consumers have a credit score of 680 or less
- Why empathy is not just a soft skill in automotive retail but a business strategy
- How technology should be used to enhance human connection rather than skip over the people that make the deal happen
- Matt's perspective on why dealers are resilient and why this crisis is no different from every other one they have survived
About Matt Lasher
Matt Lasher is President at Streamline Auto and a people first advocate in automotive retail. With a background rooted in dealership operations, Matt now sits at the intersection of auto fintech and the dealer lender relationship, working to make it easier for dealers to serve every customer that walks through their door.
Key Quotes
"The great train wreck happens not because we want it to but because sometimes there is just a lack of information at the point that they need it."
"40% of consumers have a credit score of 680 or less. If you are not thinking about the affordability problem you are just servicing the people that have buckets of cash."
"Dealers are resilient. There is just no stopping the dealer."
Resources and Links
- Connect with Matt Lasher on LinkedIn
- Learn more about Streamline at streamline.auto
- Subscribe to The Dealer Playbook newsletter at thedealerplaybook.com
- Join the Dealer Playbook community for more conversations that matter
Take Action
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Timestamps
00:00 Intro
00:48 Dealer to Vendor Shift
02:17 Affordability Train Wreck
04:26 Time Kills Deals
05:50 Lenders vs Dealers Gap
08:58 Tech With People First
11:32 Empathy for Buyers
15:21 Blind Spots in Credit
16:38 Connect and Wrap Up
17:22 Outro