Average new car prices declined in November to 98.3% of MSRP as incentives and discounts rose sharply from last year.

New car prices drop in November as incentives rise, Tesla hit hardest

CBT News Staff Writer - December 13, 2023

New car prices trended lower in November as the economy continued its post-pandemic balancing act, benefiting consumers but challenging dealer and automaker earnings. According to data from Cox Automotive's Kelley Blue...

Articles Sales & Marketing

The FTC has voted to pass the CARS rule, banning questionable fees and tactics in car sales but earning a harsh response from the NADA.

FTC and NADA clash over no-junk-fees CARS policy

CBT News Staff Writer - December 13, 2023

The Federal Trade Commission (FTC) has voted to implement a new rule banning anti-consumer tactics and unwarranted fees in car sales, prompting a swift and critical response from the National...

Articles Headlines

Utah Crimson Collective's NIL deal honors student-athletes with car leases, led by CEO Derek Mattsson and Utah 360°.

University of Utah student-athletes receive their choice of a new Jeep or Truck

Jaelyn Campbell - December 13, 2023

The Utah Crimson Collective and its streaming app, Utah 360°, have partnered up to honor the University of Utah's men's and women's basketball and gymnastics teams. In what may be...

Headlines Articles

Cross training can provide benefits for both departments, including empathy, better deals and stronger hiring.

3 reasons why it’s important to cross train sales & F&I

Kristine Cain - December 13, 2023

Cross training in any business setting is always looked at as an important part of helping the entire team not only understand more about what one person or team must...

F&I Articles

5 ways to turn customers into ambassadors for your dealership

Chanell Turner - December 13, 2023

What is more powerful than well-drafted ad copy, video content, or a social media post about your dealership's discounts? You may be surprised to find that it has nothing to...

Sales & Marketing Articles

Asbury completes $1.2 billion acquisition of Jim Koons dealership group

CBT News Staff Writer - December 12, 2023

Asbury Automotive Group has now fully acquired Jim Koons Automotive Companies, one of the largest privately-owned dealership groups in the U.S., for $1.2 billion. The sale brings 20 dealerships representing 29...

Daily Automotive News Articles

On Dec 11, the UAW Union filed unfair labor practice charges against Hyundai, Honda, and Volkswagen for interfering with organizing workers.

UAW files charges against Honda, Hyundai, and VW alleging unfair labor practices

Jaelyn Campbell - December 12, 2023

The United Auto Workers Union has filed unfair labor practice charges against Hyundai, Honda, and Volkswagen with the National Labor Relations Board. The charges accuse the automakers of unlawfully interfering...

Articles Headlines

Ford plans to cut F-150 Lightning production in half as the industry faces normalizing ICE sales and unexpectedly low EV demand.

Ford cuts F-150 Lightning production on slowing EV demand

CBT News Staff Writer - December 12, 2023

Ford plans to cut production of the F-150 Lightning electric pickup in response to lower-than-anticipated EV demand in the U.S. The Detroit automaker said it would reduce its annual production target...

Articles Headlines

Palmiero Toyota's Give Back Program set up an assembly line of kindness to distribute $65,125 to 48 local non-profits in Meadville, PA

Palmiero Toyota drives change by raising thousands for local nonprofits

Jaelyn Campbell - December 12, 2023

Palmiero Toyota, in Meadville, Pennslyvania, went the extra mile during its 14th annual Give Back Program by setting up an assembly line of kindness that distributed $65,125 to 48 local nonprofits. Every...

Headlines Articles

Employee motivation is crucial when steering your team toward their goals in the bustling environment of a car dealership.

Ignite and sustain employee motivation to gain a competitive edge

Joseph Iyanu - December 12, 2023

In the dynamic and competitive world of car dealerships, employee motivation serves as the driving force behind achieving success. For managers, your pivotal role lies in steering your team toward...

Management & Leadership Articles

Articles

New car prices drop in November as incentives rise, Tesla hit hardest

FTC and NADA clash over no-junk-fees CARS policy

University of Utah student-athletes receive their choice of a new Jeep or Truck

3 reasons why it’s important to cross train sales & F&I

5 ways to turn customers into ambassadors for your dealership

Asbury completes $1.2 billion acquisition of Jim Koons dealership group

UAW files charges against Honda, Hyundai, and VW alleging unfair labor practices

Ford cuts F-150 Lightning production on slowing EV demand

Palmiero Toyota drives change by raising thousands for local nonprofits

Ignite and sustain employee motivation to gain a competitive edge

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