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Report shows EVs driven 20% less than gas-powered cars, resulting in higher cost per mile

According to a recent report by iSeeCars.com, gasoline-powered vehicles that are three years old are driven an average of 12,813 miles per year. In comparison, EVs are driven 20% less, or 10,256 miles per year. Standard hybrid vehicles drive 12,471 miles per year, 2.7% less than gas-powered vehicles, and...
Rivian has received an $827 million incentive package to expand its Illinois electric vehicle manufacturing facility.

Rivian gets millions in state incentives for Illinois factory expansion

Colin Velez - 0
Rivian Automotive announced this week that it has secured an $827 million incentive package from Illinois, intended to fund an expansion at its Normal...
Ford reported a 2.4% decline in overall sales during April as tax season drew to a close but set a new monthly record with its hybrid lineup.

Ford sales decline in April as hybrids display resilience

Colin Velez - 0
Ford revealed a 2.4% decline in U.S. sales for April, attributing the drop to reduced demand for F-Series trucks, Broncos, and other SUVs. Despite...
Today, Toyota announced that it would establish a new North American hydrogen headquarters in its Los Angeles R&D office. 

Toyota establishes U.S. hydrogen headquarters in Los Angeles

Jaelyn Campbell - 0
Toyota this week announced that it would establish a new North American hydrogen headquarters in its Los Angeles Research and Development (R&D) office.  According to...
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New Car Sales

Loyalty Based Strategies

Elevate and educate: taking your service and sales coaching to the next level

Colin Velez - 0

How sales teams can boost their numbers in today’s market – Crissy Burton | Hubler Chevrolet

CBT Now Jaelyn Campbell - 0
Recent data indicates that sales leads have decreased due to factors such as interest rates, vehicle prices, and inventory availability. This puts pressure on...

March sees 12.1% new car sales surge amid market adjustments

Headlines CBT News - 0
In March 2024, new car sales are poised to make a big leap. Analysts forecast 1,525,700 units sold, a 12.1% increase from the previous...

How successful salespeople get leads and close deals in a competitive market — Sean Gardner | Joe Verde Group

Articles Colin Velez - 0
With the car market becoming increasingly consumer-friendly in the wake of the COVID-19 pandemic, dealership salespeople must prepare themselves for a more normalized environment....

Dealership Management

Inside Automotive

6 key mental muscles for leaders in the dealership – Scott Mautz

Jaelyn Campbell - 0

How AI is driving transparency in the vehicle pricing process

Articles Andrew Sweet - 0
In today’s dynamic market, vehicle pricing is everchanging with vehicle condition, location, color and even added features like heated seats impacting the price tag...

Managing stress and burnout in the fast-paced retail automotive industry

Dealership Management Joseph Iyanu - 0
The automotive­ retail industry is a dynamic and ever-e­volving sector that poses unique challenges for its professionals. From continuous customer interactions to meeting sales...

Streamlining Title Acquisition: The Rise of E-Titling

Dealership Management Dave Spencer - 0
In the fast-paced world of automotive sales, time equals money. Every minute spent on paperwork and administrative tasks is a minute taken away from...

Dealer Interviews

Inside Automotive

Leveraging opportunities to boost diversity in the automotive sector — Ashlee Church | Volkswagen of Marion

Colin Velez - 0

How dealerships are improving the customer experience — Gary Barbera | Barbera’s Autoland

Inside Automotive Colin Velez - 0
With the rapid onslaught of innovation, technological advancement, and shifts in consumer preferences, dealerships must work harder than ever to stay on top of...

Balancing growth to maximize dealership competitiveness — Jeff Dyke | Sonic Automotive

Dealer Interviews CBT News - 0
In 2023 Sonic Automotive, one of the nation’s largest automotive retailers, saw an all-time record annual revenue of $14.4 billion despite some challenges, like...

Hyundai-Amazon update puts dealers at the heart of online sales — Andy Wright | Vinart Dealerships

Inside Automotive Colin Velez - 0
Last year, Amazon and Hyundai announced a new partnership that would see the automaker's vehicles sold on the e-commerce giant's platform. The reveal left...

Used Car Sales & Remarketing

Pre-Owned Sales / Remarketing

4 things dealers are keeping top of mind this year

Randy Barone, Vice President, Business Development at ACV - 0

Does America have a used EV problem – or opportunity?

Articles Liz Najman - 0
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...

Depreciation study shows EVs lose value fastest – Karl Brauer | iSeecars

Inside Automotive Jaelyn Campbell - 0
A study by iSeecars.com sheds insight on cars that lose the most value after just one year and those that retain the most value....

Why the used vehicle market is changing dealership inventory strategies — Seth Rosen | Subaru of Jacksonville

Inside Automotive Colin Velez - 0
The used vehicle market is under close scrutiny as it adjusts to changing consumer preferences and evolving inventory levels. What can dealers expect from...

Automotive Industry Trends

Articles

Beyond Reach: How new car prices are leaving consumers behind

Steve Mitchell - 0

CarGurus’ Q1 2024 report: rebounding inventory and demand pose affordability questions – Kevin Roberts

Inside Automotive Jaelyn Campbell - 0
According to the CarGurus' Q1 2024 Report, inventory and demand are rebounding, but where does that leave affordability? On today's episode of Inside Automotive, Kevin...

Silicon Valley Update: The Road to Autonomy – A Journey Through the Streets of San Francisco

Articles Zach Klempf - 0
In the heart of Silicon Valley, the future of mobility is unfolding before our very eyes, painting the streets of San Francisco with the...

Top automotive industry trends to track in Q2 — Kevin Tynan | Bloomberg Intelligence

Inside Automotive Colin Velez - 0
The automotive industry has already seen significant change in the short time since the start of the year, making it more important than ever for dealers...

Marketing & Advertising

Automotive Marketing

4 ways to incorporate QR codes into your dealership marketing strategy

Ben Stewart - 0

Auditing your marketing process to elevate the customer experience — Glenn Pasch | PCG Digital

Inside Automotive Colin Velez - 0
On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Glenn Pasch, auto marketing expert and CEO of PCG Digital, to discuss...

De-mistifying dealership defection rates — Eric DeMont | Urban Science

Driving Solutions Colin Velez - 0
Defection rates deliver vital information to dealers, allowing them to identify how many customers took their business elsewhere while measuring the impact of retention...

Using data to get the most out of your digital marketing strategy — Colin Carrasquillo | Nielsen Automotive Group

Inside Automotive Colin Velez - 0
Digital marketing has become a major component of automotive retail, serving to drive leads, strengthen branding, and broaden the scope of dealers' markets. However,...

Association News

Inside Automotive

Are Honda and Volkswagen betting against the franchise model? — John Devlin | Automotive Trade Association Executives

Colin Velez - 0

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

CBT Now Colin Velez - 0
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 dealers are leading the charge on electrification — Mike Stanton | NADA

Inside Automotive Colin Velez - 0
The National Automobile Dealers Association (NADA) has long been a pillar of support and guidance for auto dealers across the country. As the industry...

NADA appoints new senior advocacy staff members

Articles Jaelyn Campbell - 0
The National Automobile Dealers Association (NADA) has declared several changes to its leadership team, including appointing an executive vice president for public policy. The...

Fixed Operations

Fixed-Ops

Using AI to drive more fixed ops revenue

David Goldberg - 0

Service department analysis paralysis. how to make a decision and move forward

Fixed-Ops John Fairchild - 0
Service operations generate mountains of data associated with the performance of the department. Leaders can and do devote a lengthy amount of time and...

Mobile service startups transform car service, capturing dealership attention

Fixed-Ops CBT News - 0
A wave of innovative startups is challenging the status quo by offering mobile repairs and maintenance for cars just about anywhere. These disruptors have...

Simple strategies to attract and retain fixed-ops talent — Ryan Haskell | Jeff Wyler Automotive Family

Inside Automotive Colin Velez - 0
Dealership fixed-ops departments require educated and well-trained employees to succeed, making the current technician shortage a devastating blow to long-term viability. Taking steps to...

Mergers and Acquisitions

Inside Automotive

Ryan Kerrigan unveils global automotive M&A dynamics and EV realities

Jaelyn Campbell - 0

automotiveMastermind integrates Mastermind technology with Tekion to enhance real-time insights for dealers

Mergers and Acquisitions Jaelyn Campbell - 0
automotiveMastermind, a trusted data and technology provider in the automotive industry, integrated its Mastermind technology with Tekion, the innovator of the Automotive Retail Cloud...

The dos and don’ts of dealership M&A, for sellers — Sheldon Sandler | Bel Air Partners

Driving Solutions Colin Velez - 0
The dealership M&A (mergers and acquisitions) sector has seen high levels of activity in recent years as the retail automotive industry has adjusted to...

Holman acquires Leith Automotive Group in its biggest retail acquisition yet

Articles Jaelyn Campbell - 0
Holman, a leading global automotive services provider, has acquired Leith Automotive Group, headquartered in North Carolina. This marks Holman's biggest retail acquisition in its...

Finance, Insurance & Leasing

Power Lunch

How e-titling is changing the future of dealership F&I

Colin Velez - 0

Take back control of your dealership’s auto loan process

CBT Now Colin Velez - 0
On this episode of CBT Now, host Jim Fitzpatrick is joined by Steve Burke, CEO of Agora Data, and Becky Chernek, finance and insurance...

Digital Finance: Consumer Expectations and Today’s Digital Retail Reality

Digital Retailing Pete MacInnis, founder and CEO of eLEND Solutions - 0
In last month’s article, “From the Fax Machine, to the future: Auto Finance Disruption Time is Here,” I revealed data that demonstrated how overdue...

How to integrate a seamless car buying experience — Yaron Rosen | Fuse Autotech

Driving Solutions Colin Velez - 0
Dealers know that the key to higher sales and profitability is an unparalleled car buying experience. Unfortunately, with consumers now demanding more convenient processes...

Recruitment

Recruitment

Why every car dealership needs an upskill plan for their staff

Chanell Turner - 0

How dealerships can win the talent war in fixed operations

Recruitment Dave Foy, Vice President of Fixed Ops Training for OEM Interactive - 0
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

Inside Automotive Jaelyn Campbell - 0
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...

Why you should revisit your talent acquisition process in 2024 — Adam Robinson | Hireology

Inside Automotive Colin Velez - 0
Dealership methods of talent acquisition and retention have become increasingly outdated, not only in how retailers identify candidates but also in how they keep...

Customer Experience

Articles

Car buyers rejoice as ease of purchase sets new record

Colin Velez - 0

Want a better customer experience? Build a better work environment — Shep Hyken

Inside Automotive Colin Velez - 0
Dealers know how crucial it is to provide an exceptional customer experience. But in pursuing high standards of service, many find themselves forgetting an...

Decoding the future of car buying with transparency – Katie the Car Lady

Inside Automotive Jaelyn Campbell - 0
For over two decades, Katie the Car Lady has championed consumer rights, earning her reputation as a beacon of transparency and expertise in the...

Automotive brand loyalty winners fend off retention woes in 2023

Articles Colin Velez - 0
Brand loyalty remains a critical factor in automotive marketing but has been declining for several years, making events such as S&P Global Mobility's Annual...

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