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Stellantis CEO faces challenges amid U.S. sales struggles and investor concerns

Carlos Tavares, CEO of Stellantis, is preparing for a media blitz at the Paris Auto Show to address growing concerns following a profit warning from Stellantis in late September. Investors were rattled by the announcement, which highlighted declining profits due to weak U.S. sales—largely driven by a backlog of unsold vehicles and pricing missteps. Tavares, known for his past success in leading the PSA Group and orchestrating the Stellantis merger with Fiat Chrysler, now faces the challenge of reviving the company’s fortunes as he approaches his retirement in 2026. The Sept. 30 profit warning shocked investors, who were accustomed to...

GM partners with Barclays to launch new GM Rewards credit cards for U.S. customers

General Motors and Barclays announced a new long-term credit card partnership on Monday. The partnership allows customers to earn and redeem reward points for...

2025 GMC Sierra EV Denali debuts with lower price and extended range

The 2025 GMC Sierra EV Denali Edition 1 is making waves by offering up to 440 miles of range and a price nearly $10,000...

U.S. EV sales hit record highs in Q3 2024, driven by incentives and discounts

Electric vehicle (EV) sales in the U.S. reached record levels in the third quarter of 2024, with an 11% year-over-year increase, according to Kelley...
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Maximizing EV sales: A dealer’s guide to available resources

As the automotive industry shifts toward an inevitable future dominated by electric vehicles (EVs), car dealers must adapt their sales strategies to meet this...

How car dealerships can support their teams during challenging times

By Joseph Michelli As you know, the automotive industry has recently faced numerous challenges, from economic downturns to supply chain disruptions. These moments of adversity...

How the Tamaroff Group navigates the automotive landscape via legacy and innovation – Eric Frehsée

In today's episode of Inside Automotive, we examine how the Tamaroff Group is managing inventory and sales and adapting to the increasing popularity of...

How Tropical Storms are flooding the preowned vehicle market

Tropical storms and hurricanes, such as Hurricane Helene, can cause significant damage to homes, roads, and vehicles, often resulting in thousands of cars being...

Tully Williams on transforming service departments with same-day selling

In today’s competitive automotive landscape, dealerships are constantly searching for innovative strategies to boost performance and enhance customer satisfaction. On this episode of Inside...

Dealer Synergy’s unique approach to ‘Buy a Car’ – Sean & Karen ‘Karina’ Bradley

Karen “Karina” Bradley has released a remix of Taylor Swift’s popular song “Shake it Off” called “Buy A Car”. This catchy remix, along with...

NAMAD Chairman Damon Lester recaps the 2024 annual conference

In today's episode of CBT Now, Damon Lester, Chairman of the National Association of Minority Automobile Dealers (NAMAD), joins us to discuss the successful...

Maximizing dealership profitability: The financial edge of hybrids over EVs 

The automotive industry is encountering a significant shift, not necessarily due to transformative changes, but because of the challenging reality that consumers haven’t fully...

Dave Cantin Group Announces Biltmore Automotive Services’ Acquisition of DCG’s Capital and Ownership Accelerator Program Lines of Business

NEW YORK, Sept. 16, 2024 – The Dave Cantin Group, a leading mergers and acquisitions advisory company to retail automotive groups and their owners,...

Jim Ganther reveals key strategies for proactive compliance and cybersecurity

In this episode of Training Camp, host and F&I expert Adam Marburger welcomes Jim Ganther, the founder of Mosaic Compliance Services and a leading...

Bridging the technician gap: how dealerships can recruit from trade schools

As new car dealerships face a growing demand for skilled technicians, developing effective recruitment strategies is increasingly essential. With trade schools producing a steady...

5 proven strategies to drive more traffic and close more deals – Simon T. Bailey

In recent years, resilience has become essential for thriving in both personal and professional realms. In today's episode of CBT Now, we're diving deeper...