Used car supply improved from October but declined from last November, while prices failed to rise during the United Auto Workers strike.

Used car supply remains stable in November, pricing weakens

CBT News Staff Writer - November 13, 2023

Used car supply remains under pressure in November, as high new vehicle prices force many consumers to wait on their next purchase. According to Cox Automotive, dealers started the month with...

Articles Sales & Marketing

Tesla made a deal to sell its Supercharger under the EG Group, a central gas station, marking the second agreement of its kind.

Tesla signs second major deal to sell its Supercharger

Jaelyn Campbell - November 13, 2023

Tesla has agreed to sell its Supercharger under the EG Group, a central gas station and convenience store operator. The deal marks the second of its kind that Tesla has...

Headlines Articles

To calculate 5-year depreciation rates, iSeeCars examined more than 1.1 million vehicles to determine which cars hold their value better.

Discover the best and worst vehicles that hold their value

Jaelyn Campbell - November 13, 2023

In order to calculate five-year depreciation rates, iSeeCars examined more than 1.1 million vehicles sold between November 2022 and October 2023. This data's historical comparison revealed that depreciation was lower...

Articles Sales & Marketing

There are four strategies that F&I managers can implement now that can make potential headwinds this year easier to navigate.

(Presumed) tough times mean a back-to-basics approach

Kristine Cain - November 13, 2023

The R-word. The one no dealer wants to hear and well…none of us want to think about it. Recession. And though most economists are saying we’re not in one quite yet, there’s...

F&I Articles

Customer service is an area where artificial intelligence is able to take some of the load off your dealership team, but how do you apply it?

AI-powered customer service: elevating dealership experiences

Ben Stewart - November 13, 2023

We are certain you’ve heard many stories about artificial intelligence in the last year. Artificial intelligence can be an effective tool for marketing, writing, content creation, and customer service. In...

Sales & Marketing Articles

Volkswagen aims to launch an electric vehicle (EV) under $35,000 in the United States within the next two to four years.

Volkswagen to hit U.S. market with EV priced under $35,000

Jaelyn Campbell - November 10, 2023

On November 9, Volkswagen announced its plans to launch an electric vehicle (EV) under $35,000 in the United States within the next two to four years. Meanwhile, Chinese automaker Nio...

Headlines Articles

As supply and chip shortages continue to recover in North America, Honda's profitability demand has soared by 34% in July-September from 2022.

Honda reveals its Q3 profits soar in Japan and the U.S.

Jaelyn Campbell - November 10, 2023

As supply and chip shortages continue to recover in North America, Honda's profitability demand has soared by 34% in July-September from 2022. In addition, the Tokyo-based company saw a 17%...

Headlines Articles

President Biden joined United Auto Workers in Illinois where he expressed hope the union's achievements would lead to widespread change.

Biden attended United Auto Workers event, endorses plan to organize non-union OEMS

CBT News Staff Writer - November 10, 2023

President Biden encouraged United Auto Workers members to expand their influence to non-unionized automakers during an appearance at a Thursday event hosted by the organization. The President has now appeared alongside...

Articles Headlines

There are multiple ways you can amp up your savings and investments while sales, commission checks, and pay plans continue to fluctuate.

How car salespeople can save and invest consistently when making a living on commission

Rob Bacharach - November 10, 2023

The challenge of committing and remaining consistent with investment savings aside from your 401k when your money is dominated by commission-based income. A difficult challenge to overcome? Yes. But far from...

Daily Automotive News Articles

By prioritizing authenticity, creating engaging content, and interacting with their audience, dealerships can create a powerful social media strategy.

Social media savvy: building an engaging online presence for your dealership

Joseph Iyanu - November 10, 2023

In today's digital age, it is imperative for businesses, including car dealerships, to have a strong online presence. Social media platforms offer a unique chance to engage with customers, build...

Sales & Marketing Articles

Articles

Used car supply remains stable in November, pricing weakens

Tesla signs second major deal to sell its Supercharger

Discover the best and worst vehicles that hold their value

(Presumed) tough times mean a back-to-basics approach

AI-powered customer service: elevating dealership experiences

Volkswagen to hit U.S. market with EV priced under $35,000

Honda reveals its Q3 profits soar in Japan and the U.S.

Biden attended United Auto Workers event, endorses plan to organize non-union OEMS

How car salespeople can save and invest consistently when making a living on commission

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