Your #1 source for auto industry news and content

spot_img

Industry News

Sponsored by:

BofA analyst urges Detroit automakers to exit Chinese market

The traditional Detroit automakers – General Motors, Ford, and Stellantis – should exit the Chinese market "as soon as they possibly can," according to John Murphy, Bank of America's top automotive analyst. Murphy issued this warning on June 18, highlighting the intense competition and increasing vehicle production in China, the world's largest auto market for domestic consumers and global exports. Murphy has previously questioned GM about leaving the Chinese market, emphasizing that the "D3" automakers must refocus on their core products and more profitable regions. At an Automotive Press Association event in suburban Detroit to discuss BofA's annual "Car Wars"...

CDK Global cyberattack disrupts operations at 15,000 dealerships

CDK Global, a major software provider to auto dealerships in the U.S., has been hacked, forcing the company to shut down most of its...

Ford updates dealership floorplan assistance program to boost inventory turnover

For the first time in over two years, Ford is updating its dealership floorplan assistance program, introducing new rules aimed at financially benefiting retailers...

Stellantis recalls over one million vehicles in the U.S.

Detroit automaker Stellantis has issued a safety recall for over one million vehicles in the U.S. due to rear-view camera issues that could increase...
spot_img
spot_img

Cox Automotive enhances digital experiences with Canopy Connect partnership – Paulo di Silva & Tolga Tezel

Earlier this month, Cox Automotive and Canopy Connect announced a collaboration to enhance the online car buying experience for consumers and dealerships through insurance...

automotiveMastermind unveils Showroom for enhanced dealer experiences

automotiveMastermind, a leading data and technology provider in the automotive industry, has introduced Showroom to its Mastermind technology suite. Showroom is engineered to convert...

Why dealerships must emulate Amazon’s seamless buying experience – Aaron Bickart, David Spisak

Despite the recent embrace of digital platforms, many dealers find themselves falling short of anticipated results. On today's episode of Driving Solutions, we're looking...

How salespeople can prioritize consumer outcomes over product features and benefits – Matt Easton | Easton University

Selling your features and benefits is dead in 2024, and selling the value is on life support, says sales coach and Easton University founder...

How dealers can more effectively source cars from consumers

In the fast-paced world of automotive retail, it is easy to get bogged down with day-to-day operations and overlook critical aspects of your dealership's efficiency. However, it...

Former general manager shares universal business principles in new book – Glenn Lundy

Since running a dealership in Paris, Kentucky, and seeing 800 percent growth in 5 years, Glenn Lundy has since been working with dealers across...

Dealer principal warns: affordability challenges loom for car buyers – Cole Frankman | Frankman Motor Company

Independent dealers typically have a price advantage that is attractive to consumers, especially now as inflation remains high. Cole Frankman, Dealer Principal of Frankman...

How dealers can embrace control amid life’s unfairness – Meridith Elliott Powell

When life throws curveballs your way, it's imperative to have the right tools to bounce back stronger. Meridith Elliott Powell, Award Winning Business Expert,...

Jonathan Dawson unveils the secrets to motivation, clarity, and behavioral change for unprecedented success

Welcome to a transformative journey into the heart of automotive leadership on CBTNews.com. In this episode of Mind Your Own Business, host Jonathan Dawson...

Navigating trade-in objections: why slow and steady win the race — Sean Gardner | Joe Verde Group

Trade-in negotiations can be tricky for salespeople to navigate, as a disappointing appraisal can quickly sour the client relationship. How can dealership teams set realistic...

4 things dealers are keeping top of mind this year

2024 offers a glimmer of hope for auto dealers navigating the tricky terrain of used car sales, despite lingering market uncertainties and a notable...

Does America have a used EV problem – or opportunity?

In the US, there are two used cars on the road for every new one. Pre-owned auto sales is big business. Plummeting prices, soaring...

The Importance of Assumptive Communication in Automotive Dealerships

In the fast-paced, exciting world of automotive service, the role of service advisors is crucial! They bridge the gap between technical solutions and customer...

The Niello Company’s winning retention strategy for the service departments – Tully Williams

Summer is right around the corner, meaning more people are hitting the roads. Therefore, now is a huge opportunity to fine-tune your retention strategies...

Hybrids Breathing Life Back Into Dealership Service Centers

It is a well-known fact that the Biden administration is pushing for 50 percent of all vehicles sold in the U.S. to be zero-emission...

The power of language: Understanding its impact on communication, persuasion, and decision-making – Jonah Berger

The words we choose have the potential to shape the world around us. If we select words that are not just meaningful but also...

Should your salespeople have Facebook pages

Facebook is a bit different from other social networks in that it’s commonly used for direct communication, and people check on the regular for...

Electric vehicle marketing may be easier than you think — John Fitzpatrick | Force Marketing

Like it or not, electric vehicles are here to stay, leaving car dealers with the unenviable task of ramping up sales in a new...
spot_img

Colorado leads the charge with innovative incentives boosting EV adoption – Matthew Groves | CADA

On today's episode of Inside Automotive, Matthew Groves, CEO of the Colorado Automobile Dealers Association, will give us a glimpse of the Association's agenda...

California auto market shows resilience despite Tesla’s decline in market share – Brian Maas | CNCDA

Tesla registrations are down in the state of California. According to the California New Car Dealers Association's first quarter 2024 Auto Outlook report, the...

Educating the public on the strengths of franchised dealerships — Coulter McMahen | LADA

The Louisiana Automobile Dealers Association (LADA) plays a critical role in the state's retail automotive environment, working with legislators to preserve the franchise model...

How the surge in hybrids reflects the growing consumer interest in EVs – Tom Kondrat | Urban Science

Hybrids are taking center stage. In fact, according to Urban Science, HEV sales surged the most among all electrified powertrains. In today's episode of...

The truth about EV range anxiety

EV range anxiety gets a lot of attention. In short, it is the fear that an electric car will run out of charge before...

May auto sales surge heralds positive summer outlook – Tyson Jominy | J.D. Power

May is traditionally one of the strongest months of the year and often sets the pace for summer sales. In today's episode of Inside...

How Aura and Mosaic are leading the industry against identity theft – Scott Hudson & Jim Ganther

A growing challenge dealers have faced for decades is identity theft and fraud. And as technology grows more sophisticated today, so do the hackers....

Automotive buy-sell market defies high interest rates, remains strong in 2024 – Erin Kerrigan | Kerrigan Advisors 

Was Q1 buy-sell activity indicative of what we'll see for the remainder of 2024? On today's episode of Inside Automotive, Erin Kerrigan, the Founder...

Holman’s strategic expansion and sustainable growth in a dynamic industry landscape – Chris Conroy | Holman

Holman, one of the largest privately owned dealership groups in the U.S., recently expanded with the acquisition of Leith Automotive. On today's episode of...

Alleviating frustrations in F&I departments for enhanced customer satisfaction and profitability

Introduction  The Finance and Insurance (F&I) department, a critical component of any automotive dealership, plays a pivotal role in driving profitability. We all know the...

How Dealerships F&I Can Utilize AI to Boost Sales

Finance and Insurance (F&I) departments have long struggled with inefficiencies and missed opportunities. But now, Artificial Intelligence (AI) is emerging as a powerful tool to...

Are You Ready for AI to Drive Auto Lease & Finance?

Embrace the inevitable Once a new technology rolls over you, if you're not part of the steamroller, you're part of the road. -- Stewart Brand,...

Why every car dealership needs an upskill plan for their staff

Has The Great Resignation impacted your dealership? Are you concerned that it might? Well, offering opportunities for your dealership staff to upskill and expand...

How dealerships can win the talent war in fixed operations

In an industry as challenging and complex as fixed operations, attracting and retaining top-tier talent is not just a goal—it's a necessity. The landscape...

How proactive hiring can transform your dealership – Adam Robinson | Hireology

Are you struggling to fill roles at your dealership? If so, then you're not alone. According to a recent report by Hireology, most dealers...

Raise your hand for sales success: Matt Easton shares key tips for standing out in a competitive market

In today's ultra-competitive business environment, where we fight to have the best marketing, the coolest social media, and the lowest prices, it's easy to...

How the power of persistent follow-up will unlock extra sales – Sean Gardner

Closing a few extra sales each week can have a profound impact on your bottom line, fueling your success and driving your career forward....

The key to conquering challenges and achieving success – Ricky Kalmon

Your Mindset is a powerful tool that can determine your success or failure. In this episode of CBT Now, we delve into strategies for...
spot_img

Sponsored Content