At the end of the day, you take what consumers are dealing with and like proliferation of choice and trust and all this kind of stuff and it applies unilaterally everywhere. If we can do that in a way that does this and makes it simpler for tens of thousands of small business owners and millions and millions of consumers, that's a pretty motivating thing.
Today, I'm excited to speak with Matthew Crawford, Chief Product and Innovation Officer at Cars Commerce. We discussed the new challenges presented by online car marketplaces and how dealers can gain the marketplace algorithm to unlock more sales plus much more.
A big thank you to our sponsors for making today's episode possible, dealer DMV, my very own car dealership by Industry Job Board and Cars Commerce. And now let's get into the show. Matthew Crawford on the CDG podcast. Matthew, welcome.
Hey, thank you. Happy to be here. Thanks for having me on. Good to have you all, my friend. You are, you, well, you're the Product and Chief Innovation Officer at Cars.com but you, I like to say you hold the keys to the castle. So they're like, it's a little snary for everybody. Yeah, something like that.
How many visitors does cars.com see every month? About 30 million. So quite a few. Yeah. So your actions have some pretty big impacts out there in the world. We like to think we'll talk, we'll talk all about that. We'll talk about where marketplaces are headed, how things are changing for dealerships for shoppers. So it'll be, it'll be interesting.
Give us a quick overview about your background. How did you get to this position life? I have to imagine in first grade when they asked you, what do you want to do when you grow up? You didn't say, I want to be a Product and Chief Innovation Officer, but here we are now when you're doing a hell of a job at it. So tell us about your background.
Yeah, so I just love building, you know, and I kind of want to attach myself to interesting problems to solve. So I've worked in a lot of different industries. I'm not kind of a traditional car guy, but I am somebody who loves to solve problems, especially for small businesses. So worked in tech at venture backed startups, all the way up to kind of publicly traded companies and found myself here in the position of cars really to solve a unique problem at a unique time for this industry.
And so everything I've been focused on for my whole career has been about solving problems for small businesses and marrying that up with great consumer experiences. And I think we'll talk a little bit more about that here today, but kind of found myself here, falling in love with both the industry and the way that the operators in it are able to solve problems and get scrappy to do it. So I'm excited to kind of talk more about that.
I have to imagine that every single dealer or every single person listening to this, frankly, has either used a marketplace at some point in the shopping experience. Or if they're a dealer, they are customers of a marketplace or they have been, I mean, it's your tentacles are far and wide. What is the current state of marketplaces? Like, how do you see this? If I could get a sneak peek of your product roadmap, right? Like, where are we at today? Where are we headed?
Yeah. So like, simplest way to think about it is, if you ever watched kind of the show Silicon Valley and there's the guy who's like, I put radio on the internet, right? Like all the marketplaces started kind of like, I took class by listing is I put them on the internet, right? And that's very much just a way to say like, what's out there? What's available? What's going on? And I think the arc of where we're headed is, if you look at omni-channel commerce, kind of across the internet and across online to offline, it's giving consumers choice of how they want to engage.
And so like, that's going to change in modalities. It's going to change in capabilities. But really, our job is kind of stay one step ahead of where the consumer is going, and then give dealers the tools to do the same thing. So help your smallest independent dealer operate and act as sophisticated as the biggest guy out there. And we can talk about as much as you want to, like what that means specifically. But that's really the arc of things is like, I'm looking through a newspaper and I'm seeing kind of what's out there all the way to now, I'm ready to make a decision online and I want to go through as much of that process as I can, get up to that point of making a transaction or a sale.
So yeah, I think it's one level deeper. Like what really matters nowadays when it comes to the shopping experience. And I think things have obviously changed a lot in the last couple of years when there was no inventory. Frankly, you had a ton of flexibility on prices and you were selling cars regardless of how well you were presenting them. I mean, your car was being sold today. Obviously, it's a much different landscape in just the current consumer environment today. Inventory has rebounded a ton, especially on the new side.
So first things first, what really matters today from a shopper's perspective, what do they want to see on the marketplace or on the dealer's website, frankly? Yeah, a well-marchinedized vehicle, right, first and foremost. And I know that that sounds so simplistic, but it's like accurately represent your inventory, show your photos, make sure that people understand what they're buying, set their expectations appropriately, be price competitive. So do all those basics well. And then the second thing is people want to be treated fairly and treated well.
So one of the huge things on our side is ratings or reviews. Like are you giving somebody a good experience? Are you reaching out to them in a timely manner when they come into your store? Do you honor what you said online? Is there consistency there? And really, even though the markets kind of rebounded, consumers are extremely price-sensitive right now, right? Everything's gotten more expensive, whether that's groceries, cars, financing, like whatever. People know that they're going to walk into a situation that's bordering on unaffordable. So within that, they're really looking for trust, right?
Is this car going to be reliable? Can I trust you to take care of me? Can I make sure that I'm making a good decision? Because this is the second biggest purchase that I'm going to make. So in my mind, just really get those basics, right? Not only of just merchandising the car, but treating people well. And the rest will follow. That's easy to say, but there's a lot of sophistication in that.
So one thing that I used to love doing as a dealer is looking for ways to gain the algorithm on the marketplaces, right? And I don't mean to send like an unethical way. I mean, legitimately, there's a lot of things you can do to improve your performance and beat your competitors. And obviously, we're not talking about pricing, or misrepresenting your vehicle. You're in charge of these algorithms. So what are people doing out there? Or what are the best practices that people can do in order to have their listings show up at the top? Any clever tricks here that you can share with us?
Sure. Yeah. So we put a lot of emphasis on like, we have a thing called a dealer experience report. And so you can basically see how our consumer is talking about you in the market. How are they rating you, right? How you treat them in the store? Did you respond to their lead in a timely manner? We factor all that stuff into our algorithm. So it's really easy to kind of say, just drop your price, right? Like, look at your competitive set, look at your inventory, and just hit that rock bottom price, and you're going to get more leads. Okay, there's truth in that.
But we've tried to design an algorithm that kind of takes your whole experience and bakes it into the way that you're going to get ranked. So at the end of the day, price the vehicle in a fair way. We have price badges on our site, right? Is this a hot car? Is it in demand? You'll be able to know that one of your listing inventory on cars.com. Is it a great deal, good deal? That's based on dynamic demand index and pricing index that we have on the site. Two of those things are like really going to drive interest.
And then the third piece is consumer experience, right? Like, if you're not treating people well, and that comes through in the way that you're showing up on the site, you're going to get penalized for it.
And then the fourth thing is like, if you've got inventory and metal that you need to move, make sure that you're like promoting that as effectively as possible.
然后第四点是,如果你有库存和金属需要处理,确保你尽可能有效地推广它们。
People don't know what they want. We have a lot of dealers who are kind of like, well, I'm going to put 10 of my cars on the site, but I'm not going to put these other 10 on the site.
And at the end of the day, you're presupposing what's going to drive demand and interest or what's not. And a lot of times these consumers, 80% of the time, they don't know exactly what they're looking for.
New, used, price point, all the things that we presuppose that they do actually don't.
新旧、价格点,这些我们假设它们会实际起作用的东西其实并没有。
And so put as much inventory on the site as you possibly can, which sounds like it's on our self-interest, but basically consumers are coming to us out of a place of, I want you to be the market equalizer.
So if you're kind of misrepresenting a piece of the market or only a segment of the market, then they're not going to have that trust. And they're going to just keep looking, keep looking, keep looking, and dealers want consumers to make a decision.
A few things that are pretty basic. Again, like there's not a silver bullet, but it's like pretty basic.
有几件事其实挺基础的。再说一次,并没有什么灵丹妙药,但这些都是很基本的。
What about not basic? Like, have you seen any dealers do any like badass things that you're like, well, this maybe requires a bit more investment on anything like that?
Yeah. So like there's a couple of things that we think are really impactful whenever dealers do it and embrace it. One is, tell your salespeople and their expertise.
So I integrate that into the experience. If consumers pay to a salesperson at the time that they're interested in a vehicle, they're three times more likely to close on a car. So it's like increases your close rate substantially, but that takes a lot of effort on the dealer's part.
I have to maintain who my salespeople are, what are the areas of expertise? I want to like get consumers to actually match with that person. So that's one, right? Like represent your sales force and their expertise effectively on the marketplace.
And then I would say kind of the second thing that, you know, is maybe a little bit of a less talked about piece is be participating in things like, I want to acquire all the inventory that I can, right? Like as a dealer, that may sound antithetical, but we have a lot of trading capabilities.
And a lot of times consumers are just trying to understand like, what's my car worth? And if you can open up that conversation and authenticate with the consumer, hey, guess what? If they're getting rid of a vehicle, they need to buy one as well.
And if you can be that place that takes that car from that consumer, your ability to then engage in a conversation about a sale goes up exponentially. And like, a lot of times people are not connecting those two things.
You just looked at it as you're here to buy, oh, and maybe you have a trade in you probably have a trade in. But if you inverse that, there's something there too.
And I think those are two things that are a little bit untapped in the market right now, because it does require more effort.
我认为这两点在当前市场上还有点未被充分利用,因为它们确实需要更多的努力。
Yeah, it expands your surface area as well, because you're able, like you said, to get in front of more consumers.
是的,这也能增加你的曝光度,因为正如你所说的,你能够接触到更多的消费者。
I used to have, I started this obsession with studying VDPs. So for anyone that's not familiar with the term, like a vehicle detail page, right? It's just pretty much fancy term for the page where you actually see a vehicle on a marketplace or a dealer's website.
But I remember when I saw Carvana start adding those cards every three or four cars, do you know what I'm talking about? We're like on pictures, they would put like suddenly an ad. And I was like, these guys are slick. I like that because it's like, give such a captive audience at that moment.
Right? It's like, it's like a podcast ad in the middle. I mean, it's no different. Like the person is already in the groove and it's like, boom, hit him with a car, boom.
So I thought that was pretty slick. I have to imagine that impacts conversion pretty well. Totally.
所以我觉得这真的很聪明。我认为这对转化率会有很大影响。完全同意。
Yeah. And there's a lot of things like that. So like, we're always, you know, we have media products that basically are like contextual advertising that dealers can participate in.
是的。还有很多类似的事情。比如说,我们总是有一些媒体产品,基本上就像是上下文广告,供经销商参与。
Like, I want to boost this vehicle. And like, but only with these types of people who are looking for these types of things. And that works extremely well, right?
就像,我想推广这辆车。而且,只针对那些在寻找这种东西的人。这种方法效果非常好,对吧?
Or if you're, like you said, looking at photos of a car, if you're looking at inventory, maybe you're interested in something similar to that, even if it's at the same dealership.
Again, this is like, consumers end up in a place not necessarily out of perfect intention. Sometimes they just end up there.
再说一次,消费者并不总是出于明确的意图而来到某个地方。有时候他们只是碰巧到了那里而已。
And then you need to then educate them. Vehicle buying has like a bifurcative funnel, meaning like you start thinking, you know what you want. And then you realize everything that's out there. And then you basically start researching again. And then you make a decision. So like, as a dealer, if you're not there at each of those moments in time, you're missing out in somebody else's. So you've got to be in the middle of that mix. 100%. Every purchase I made recently, I didn't even know what I wanted. I thought I barely thought I did, but I didn't know what I wanted. People know more about those socks that they buy than about the cars that they're looking at. Sometimes you got to meet people where they are.
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So you mentioned making the process easier, more simple. And I told you that, you know, if I was going to fly on the wall and I could see your product roadmap, it would be really cool to see kind of how you think about the future. But here's my big picture question. Are we going to a place and what would be there soon where you just we just spoke about knowing what we want versus not knowing what we're consumers actually have an AI agent, whether it be on cars.com, whether it be on the dealer's website or both, where it simply says, Hey, here's who I am. Find me the car I want. And I'm not talking about, you know, I'm not talking about those kind of funnels or polls like I have a family I need for like something that's way more sophisticated that, you know, an AI agent that maybe scans all of your social media from the past 10 years, you know, something like that, are we moving to that state where it's just going to be completely frictionless? Is that really going to happen? And when is that? What's your thoughts?
Yeah, you know, I don't want to give like a non-answer here, but like my answer would be like, yeah, absolutely. Like in my mind, things are going to evolve in two paths. One, it's going to be like a reductionist path, basically people who know generally what they want and they're kind of reducing from there, maybe increasing a little bit and reducing again. And then there's people who are kind of like, it's my first time buying or I just had a kid, I'm entering unknown territory. Right. And that's I think where what you're describing will really help. And I think that it's going to be on two horizons. One is kind of like in the next 12 to 18 months and the things that are already happening, which will help people through the process, right? Like, what's a safe car or I need to put two car seats in this and like, you know, helping based on cues and context clues to then narrow your assortment, sit down.
And then I think, you know, in the more three to five year horizon, it starts to plug in all the stuff you're talking about, right? And and this gets to like consumer trust, right? Like, hey, who are you, right? Tell me more about yourself. Usually like, okay, like, I'm this guy, here's my, you know, Instagram account, here's my Twitter, you know, whatever, then like, go take a look at all that data. And then you tell me what you think about myself and you hold a mirror up and say, these are the cars that match your personality or match your needs day or look like the things that other people like you are driving. And I think there's a way to build that knowledge graph in a way that, you know, builds on consumer trust. But I think we're going to progress through this linearly in my mind.
Like, you don't just jump from today, you're on a site, you're putting filters and you're finding a car to magic, right? And like, we go over here and suddenly like, a bot is just telling you, you should buy this thing. You know, and I think it's just going to be a progression that's pretty linear. But it will happen. Like, I'm sitting here saying, for sure, that modality will occur. But I think it's just going to be a little bit slow. Like we're all aware of the $1 Tahoe, you know, fiasco that happened kind of with the chatbot saying like, yeah, I'll commit to that. So I think we've learned some lessons as like how to not do this, which is going to teach us how to go forward. Fortunately, that wasn't us.
But you know, now break it down one step further, other than like product identification, right, finding the car on one, where do you see the biggest impact with the shopping experience? Given AI, like where is the biggest impact going to be? Is it the financing, the trade-in altogether, or is it product identification? Indeed, what do you think? Yeah, I do think first and foremost, product identification, that's where people are most confused, right? Like, what does this trim level mean? I didn't even know that manufacturer existed, right? That's a new problem, right? People now are kind of like, wait, UID, what is that? Right? Like I didn't even, I wasn't even aware of this in my consideration, so I need to build my dreams. What is this?
Yeah, yeah, right. And like, but really, you've kind of entered this new realm, right, where people don't even understand what they're reducing from. So like, they're overwhelmed. And you really have to say, okay, AI, I think can really help with that. It's very good at taking massive sets of data and normalizing it down and kind of saying like, here's a general picture. And now you start to understand that picture. Once you succeed at that, I think you move on to the next things that are more sophisticated, right? You say, can I trust this? Is this really a good financing and interest rate? Is this really a good value for my trade in? And you know, crunching all of that data and saying like, yes, this is actually a trustworthy value that we're putting on this car, and you should continue on that process.
If you think about like where maybe like airline sites are today, they have a lot of like, you should buy now indicators related to what their predicting prices may do. We're building a lot of that same logic into the way that we think about algorithmic predictions of price and value and things like that, that then help you say, is it the right time? What's going to happen in the market? But I do think you have to start with the real basics. Yeah. And it's like, you start with the basics though, right? Like where you're like, don't overwhelm people with too much information about stuff they don't know about. And then we've all the way to telling them like, buy this now. Like, well, I don't even know what you're talking about. You have to build that credibility first. You know, I always found those optimizations so fascinating because we used to call it at my prior company. We have quite a few engineers and we used to call it like to expedify our pages.
And so, you know, you'd put on, hey, here's how many, I mean, the basics are like, how many people are viewing this product? How many people click saved? Yeah, yeah, scary. Exactly. Great scarcity. But man, airlines have just done such a freaking good job at these things. I mean, at this point, they're selling you the air you breathe, right? Like, what's in this? When do I go and book a flight? And it's like, do you want this one or, or the, oh, by the way, you can go more basic than that. Oh, and by the way, you cannot pick your seat.
And if you want to sit five rows, you know, closer, you're going to have to pay extra. But the seats the same, it's gotten so they've optimized the space so freaking well. It's truly a masterclass in just conversion optimization. Totally. Yeah. And I think you can take it too far, right? Like, do you start charging subscriptions to unlock features on a car? And then somebody else will come along and say, well, we're going to standardize that and consumers need to understand those things, right? Like, this is the complexity that the market's kind of layering on all of this stuff. They're like, we're trying to peel back as a marketplace.
And it's just going to get worse, right? Option set is not going to reduce suddenly. Just going to continue to explode. And so for us, it's like, simplify down those basics, right? Like, demystify that stuff, make it easy for consumers to trust what they're seeing. And then all those other things start to follow, right? Like that stuff becomes a natural follow on motion. If you do those basics well, how are you avoiding falling into a trap of, you know, focusing on the wrong technology, right?
Like you saw Mark Zuckerberg, one of the most impressive founders, entrepreneurs ever invested tens of billions in the metaverse. And he sort of pivoted in the span of like six months or so, 12 months, whatever time you want to put on it, completely pivoted. And metaverse is kind of, you don't really hear much about it anymore. And again, he's just one example, right? So if he can make a mistake like that, I mean, anyone can make a mistake like that. So how are you, how are you able to kind of steer the ship and focus on the things that matter? How are you really managing to that?
Yeah. So a couple of things that are interesting here and maybe the dealer community, it's, you know, we're running dozens or hundreds of experiments all the time. And so really it's about reducing the cost of failure and letting consumers give us the feedback on what's working and what's not and just iterating really, really quickly. Part of that's just a constraint of we don't have tens of billions of dollars to throw at the metaverse and try to build metaverse based showrooms or whatever random idea that we think might be kind of cool in a moment.
But part of it is just rigor around what the consumer drive where you go next and us throwing ideas out there that are a little bit ahead of where they might be at a point in time and then learning from that really, really quickly. And if you do that enough times at a high enough velocity against a core strategy, right? Like, you know, the problems you're trying to solve, you mitigate the risk of just taking a wildly wrong direction and driving down at 100 miles an hour. So that's kind of our philosophy. And the other thing I would say is be willing to make mistakes, right? Like part of my job inherently is to try things, mess up, learn quickly from them.
And I think that we're trying to make those mistakes before our dealers do. So it's kind of like, let us do the learning for you. And then if it's on your website or on the site, know that we are in the background trying to optimize for you as best as we can every single day. So we're making your business more efficient. So it's like, let us do the learning for you a little bit as maybe the moral of that story. All right.
So speaking of technology at a dealership, so I had this idea, and I wanted to run it by you, right? But we had wanted to invest a lot in virtual reality on premises or some form of being able to show a car in a very rich technologically driven environment. By the way, some dealers have done stuff like this. But here, here was my idea, telling your thoughts, I was thinking of some company that has access to inventory.
So you're a great example, right? Or it can even be the dealer, but someone would have to supply it on the back end. But basically doing something where dealers are equipped with these like the meta Ray band glasses. So like whatever, for anyone that's not familiar, like Facebook, meta, right? They have these Ray band glasses that are, you know, they have like cameras and now men, it's pretty slick.
But just imagine like a huge, a huge friction point for consumers when they're on the lot is actually knowing what car they're looking at, having all the details and blah, blah, blah. Now imagine if as a dealer, I stock like 20 of these and a customer comes in a lot, I handle the glasses and they go on to the lot and tells them the information on every single car. Just like right then and there, how badass would that be? I love it. Let's do it. So that was my, that was my little secret idea that I just, to thousands of people in the world. And hopefully someone makes it happen. Because I think that's pretty badass.
And I just figured, Hey, it's like such a good opportunity to leverage tech, to make to solve a problem and to do it very easily. This episode is brought to you by my very own car dealership guy, industry job board. CDG jobs is revolutionizing how talent connects with top automotive companies. Here's a shocker. We're not using any fancy technology or AI. We literally built a simple HTML job board. That's it. But it works really, really well.
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What do you see today as the biggest opportunities with marketplace moving forward? Like how is, how is it going to evolve? Whether it's integrating more of the purchase process to the marketplace or not? But what are the biggest opportunities right now? Yeah, well, I think you nailed the first one. It's like, pull as much of the process into the marketplace as possible and create a standard experience that consumers can do.
I want consistency as a consumer. I want to know, I'm browsing against all of this assortment. I can get financing across a spectrum of vehicles. I can have my trade in. That's logged against any car that I'm looking at, know my equity, all that stuff. And that's a lot of work. Step one is do those things, do those basics.
Think the next piece is connecting that online to offline experience in a way that empowers dealers to do a better job. It's like, if we've tossed you a lead into your CRM and one of your salespeople responds to that in two minutes and another one takes three days and you're like, why is my clothes rate suck? It's like, well, we should actually be helping you to understand that and helping you to coach up your team on the ground to do a better job.
So it's like becoming an extension of that consumer to help dealers elevate their game. It may be the last piece is just like, your glasses ideas kind of like on the right track. It's like, once I move offline and I show up at the dealership, does my sales rep that I'm supposed to have the test driver with get a push notification that says I'm there? Do they know my preferences? Do they know what I want to test drive?
Am I making that seamless? I know I'm building trust, or am I just kind of like, I show up and I'm like any other person, right? And I get in line, I put my name on the page and somebody comes and calls my name in 45 minutes, right? It's a huge difference in expectation there. And I think, well, marketplace standpoint, like we can help with each of those things.
So some of our basics, some of them get more like, yeah, maybe we should be sending the glasses to like all of our dealers and saying like, hand these out to people whenever they show up, right? So maybe there's something there. And I want to tie into one of the points you just mentioned. So one thing that I respect a lot about your company is the way you have, you know, you're an industry participant in car business and you really aligned interest between you and the dealer and the customer. I think I think you've done this very well in the marketplace segment. I think some other marketplaces haven't been able to do it as well for various reasons. So my question is, you mentioned like, right, bringing financing upstream into the market into the shopping experience and stuff like that. How do you do that and align incentives with the dealer, right? Because obviously, like, we're just talking prequalification because financing is a huge profit center for dealers. And as a dealer, whenever I would hear financing upstream or something like that, my ears would start buzzing. Well, something, you know, my spidey senses are, yeah, so how do you align incentives? Because I have to imagine this is a big consideration for you, given, given I know the leadership of your company.
Yeah, no, 100%. And, you know, candidly, it's a lot more work to do it like in a way that tries to take all those interests in mind. But basically, you know, the simple way that we think about it is creating a three-way marketplace for us to be participating with lenders and with our dealer customers. So if you're a customer on the marketplace, you say, I work with these lenders, we match those things up. And those things just flow through into your system. So you're running the deal just like you normally would, and we're not trying to like take it out ahead of you or anything like that.
And then we're basically looking at it as a way to provide more value on the back end, right? Okay, did that loan fund? Do we provide value to that lender partner or just like we provide value to you versus if we wanted to, you know, kind of go to a single bank and say, we got a lot of people on this marketplace. And if you want to cut it out, just come play with us. And we'll just kind of force that downstream to our dealers. And it's a choice, right?And we've chosen, I think, to take a little bit harder of a path, but in a way that we'd like to think benefits the consumer and the dealer, because to your point, it's like your consumer, I go on the site, I get prequal or qualified with hard credit financing for a specific bank on a specific car.
And I show up with a dealer, and you're like, I don't like working with that bank or actually don't work with that bank. I'm going to flip you, right? And then there's a consumer, you're like, wait, so I did all that stuff. It was a big waste of time. Now I don't trust cars.com. And I don't really trust this dealer. So in our mind, it's like, it's not just like the right thing to do. But it's like, it is the right thing to do. And we think it yields better profit on the back end for everybody, including the consumer, right? They're going to net out ahead by going through that process as well. So that's what we think about it.
It is a bunch of work to kind of hold those tensions at the same time, but we think it's the right thing to do. And we're going to stick with it. All right, so three fun questions before we wrap up. And we go into closing thoughts. So what's exciting to you nowadays, right? Was you think about your role, your product guy, again, I looked at your background and you've done product for Man Well Over a very long time and several companies, right? So what's exciting to you nowadays?
Yeah, to me, it's basically like solving real problems for consumers and small businesses. Like at the end of the day, you take kind of what consumers are dealing with and like proliferation of choice and trust and all this kind of stuff. And it applies, you know, unilaterally everywhere. So if we can do that in a way that does this, it makes it simpler for thousands, tens of thousands of small business owners and millions and millions of consumers. That's a pretty motivating thing. And it feels like you're making a real impact because people who make good decisions about their car purchase experience are really, really happy. People who make bad decisions are really, really unhappy. So at the end of the day, we're here to make people happy. And that's motivating.
It could be wrong. And you could tell me if I am, but it looks like you've been essentially in the car business for three years by way of cars.com or, you know, auto tech, whatever you want to call it. What's the most interesting or let's say unexpected thing you've learned about this industry since you've joined? Like, was there anything that you was shocked you that this is how it's being done or anything like that?
Yeah. So maybe one of the things is like every single piece of technology is so customized to automotive. It's like, you know, oh, that's a good point. Yes. Like, everything is extremely, extremely auto centric versus kind of we've taken technology that exists and applied it to our industry, which is very, very different than a lot about other industries that I've worked with. So I think that's probably like the most surprising. And then, and then obviously, you've got these situations where it's like every single participant in the market thinks they are unequivocally doing it the right way, which isn't really surprising. But it's just like the beautiful thing about successful entrepreneurs, right? It's like you've cracked the code and nobody else has cracked it. And it's like, there is a pattern there. And so we're trying to always play in the middle of that, which, which can be fun, as you can imagine.
That's good. Yeah, it's funny because I, you know, when I have friends and stuff on outside of the industry, or we self conversations like, Oh, what's CRM do you use? And you mentioned some CRM that they've never heard of. They're like, wait, like Salesforce HubSpot, like, no, neither. Absolutely not. We're too like unique for that, right? And it's like, there's some truth in that, but there's some like, I think, I think auto has like a sense of pride or ego to in a way that's kind of like, we're special and we're different that you get elsewhere, but not to the same degree, right? It's kind of a beautiful hilarious thing.
Yeah, I've used, I use our non automotive CRM before, actually, believe it or not. And we had one that was kind of semi custom built. And it was just very ineffective. You kind of came to the conclusion that when you, when it's all said and done, you're, you end up building pretty much the same thing. It didn't achieve the goals we thought it would. Some things were actually great. And, you know, retrofitted to our workflow. And again, CRM is just one example. But when it's all said and done, I think there's, there's some reason, at least for software products, why they are custom built for auto, for the different processes and whatnot. So definitely was that educational for me.
Yeah. Well, Matthew, thanks for coming on. This was super great. If anyone wants to learn more about your kind of different products, cars, cars, cars, cars, cars, cars, what you're working on, we'll throw up a link in the show notes below. But really, really fun chatting and thanks for coming on. This was great. Beautiful. Thank you very much. Appreciate it for having me. Thanks.
All right. Hope you enjoyed that episode. Please give the podcast a rating. Consider subscribing to the show and check the show notes for links to what we talked about. Thanks for tuning in. I'll see you guys next time.