CBT News Market Update: Jonathan Banks, J.D. Power & Len Short,...
Looking at the SAAR for July, auto retail came in at 14.5 million, higher than the initial projections of 14.3. This week, new car...
GNYADA President Mark Schienberg Says Mayor Bill de Blasio ‘completely out of step’ with NYC Business Community
Recently, New York City mayor Bill de Blasio made some controversial statements regarding his feelings...
How Dealership Culture Drives Employee Motivation – Walter Bond
The auto industry has seen some levels of success in the past 90 days, but...
Veteran Trainer Tommy Gibbs on Improving Used-Car Gross Profit
On today's show, we’re pleased to welcome veteran trainer Tommy Gibbs, President of Tommy Gibbs...
Leading the Nation in PPP Loans, Texas Dealers Rely Heavily on Stimulus Through Pandemic
Texas has been undoubtably one of the hardest hit states for the continued spread of...
Adam Marburger on How F&I Managers Can Further Support Salespeople
COVID-19 has dramatically changed almost every department in the dealership and F&I is no exception....
CEO Jimmy Ellis Discusses How the Jim Ellis Auto Group Was Prepared for COVID-19 Before it Hit
Online car-buying platforms have become vital resources for dealers across the country. Many dealers believe...
Mark Crowley on Leadership During COVID-19: ‘Lean into kindness, generosity, and trust’
Leading a team of employees through a global pandemic was probably not on many dealers'...
ReconVelocity CEO David Penney Discusses the Importance of a Seamless Recon Process
When it comes to used vehicle operations, inventory turn has never been more important than...
The Weekly Automotive Market Update for August 5, 2020
Welcome to the Weekly Automotive Market Update with Bridget Fitzpatrick:
This week, new car sales came...
Vince Sheehy Celebrates Sheehy Auto’s Sales and Charitable Initiatives
There are countless lessons to learn during the COVID-19 pandemic. Dealers are learning more in...
GM CEO Barra Encourages Young Girls to Consider a Career in...
Despite small glimpses of recent progress, women have continued to be underrepresented across the entire auto industry. According to data collected by Catalyst, women...
F&I
What is the State of Lending During COVID-19 and How Can F&I Adapt?
There has been a lot of talk and analysis over the last few months about how the car industry has had to adapt to changes in showroom traffic, lower sales, evaporating inventory, and even struggles in the service lane with fewer repairs. The impact of COVID-19 on dealership operations and the bottom line has been far-reaching.
F&I has felt the impact as well. Though PVR is actually up on average, there are fewer deliveries and therefore overall fewer deals during...
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CBT News Market Update: Jonathan Banks, J.D. Power & Len Short, LotLinx
Looking at the SAAR for July, auto retail came in at 14.5 million, higher than the initial projections of 14.3. This week, new car sales sat at 290,712 a 6.8% drop from this time last year. On the other...
GNYADA President Mark Schienberg Says Mayor Bill de Blasio ‘completely out of step’ with...
Recently, New York City mayor Bill de Blasio made some controversial statements regarding his feelings on the future of automotive consumerism in his city, post COVID-19. To share his thoughts on de Blasio’s recommendations, we’re pleased to welcome back...
How Dealership Culture Drives Employee Motivation – Walter Bond
The auto industry has seen some levels of success in the past 90 days, but there is some apprehension about how the industry will continue to perform moving forward. Anxiety among dealer leaders, managers, and salespeople is still high...
Veteran Trainer Tommy Gibbs on Improving Used-Car Gross Profit
On today's show, we’re pleased to welcome veteran trainer Tommy Gibbs, President of Tommy Gibbs and Associates, and author of "7 Common Sense Factors to Avoid Being a Stupid Leader." With a bulk of the vehicle transaction done online,...
Leading the Nation in PPP Loans, Texas Dealers Rely Heavily on Stimulus Through Pandemic
Texas has been undoubtably one of the hardest hit states for the continued spread of the coronavirus. As some areas of the country have minimized restrictions, Texas has been forced to roll back their reopening plans. For Texas auto...
Adam Marburger on How F&I Managers Can Further Support Salespeople
COVID-19 has dramatically changed almost every department in the dealership and F&I is no exception. Creating a high level of consumer engagement early on in the transaction is of the utmost importance, and the pandemic has pushed F&I managers...
SPONSORED CONTENT
Is Cost or Affordability the Reason for Declined Service Repairs?
According to NADA Data 2019, revenue in dealership service departments is steadily growing statistic. Between 2013 and 2019, dealerships’ total service and parts sales...
Trump Announces Tariff on Canadian Aluminum, Heating Up Trade Dispute
On Thursday, August 6th, President Donald Trump announced the United States would be re-imposing 10 percent tariffs on aluminum imports from Canada. The highly...
CBT Automotive Newscast: August 10, 2020
Today's Featured Interview:
CBT News Market Update: Jonathan Banks, J.D. Power & Len Short, LotLinx
Looking at the SAAR for July, auto retail came in at...
FIXED-OPS
Is Cost or Affordability the Reason for Declined Service Repairs?
According to NADA Data 2019, revenue in dealership service departments is steadily growing statistic. Between...
Keeping Your Service Drive Packed in a World of Social Distancing
As our world gets back to work after the initial pandemic shutdown, we are noticing...
Service Opportunities as Average American Fleet Age Nearing 12 Years
Google announced on Monday that its employees will be able to work from home into...
Enhancing Customer Experience: Is Mobile Service Right for Your Dealership?
The COVID-19 pandemic has caused dealerships to embrace new operation tactics. In turn, customers have...
How to Streamline the Claims Process for Service Contracts
No dealer wants a Vehicle Service Contract (VSC) Audit. It will most definitely result in...
Is Cost or Affordability the Reason for Declined Service Repairs?
According to NADA Data 2019, revenue in dealership service departments is steadily growing statistic. Between 2013 and 2019, dealerships’ total service and parts sales have increased from $42.3 billion to $62.5 billion US. The average customer-pay repair order sits...
Trump Announces Tariff on Canadian Aluminum, Heating Up Trade Dispute
On Thursday, August 6th, President Donald Trump announced the United States would be re-imposing 10 percent tariffs on aluminum imports from Canada. The highly controversial announcement comes just five weeks after the US-Canada-Mexico Agreement went into effect, replacing the...
‘I’m Never Going to Own a Car Again’ NYC Mayor de Blasio Pushes Mass...
“Cars are the past, the future is going to be mass transit, biking, walking…I’m never going to own a car again, I can tell you that much,” New York City Mayor Bill de Blasio told reporters during a press...
What is the State of Lending During COVID-19 and How Can F&I Adapt?
There has been a lot of talk and analysis over the last few months about how the car industry has had to adapt to changes in showroom traffic, lower sales, evaporating inventory, and even struggles in the service lane...
GM CEO Barra Encourages Young Girls to Consider a Career in the Auto Industry
Despite small glimpses of recent progress, women have continued to be underrepresented across the entire auto industry. According to data collected by Catalyst, women make up less than one-quarter of the automotive workforce, despite making up almost half of...
Chevy and Tesla Top the List of Fastest-Selling Cars
In the race to get cars sold and off the lot, new SUVs and Tesla are leading the pack. iSeeCars published a study revealing a slightly surprising list of new and used vehicles that are selling the quickest. The...
