Significant M&A activity in October and November: auto dealerships in Charlottesville, Fresno, and Cincinnati change hands.

M&A roundup: dealerships change hands in Virginia, California, Ohio and more

CBT News - December 5, 2023

The most recent Q3 2023 Haig Report from buy/sell firm Haig Partners, highlights the robust demand for car dealerships. According to the report, 2023 is on track to become the...

Daily Automotive News Mergers & Acquisitions Tracker

Using better marketing to attract better talent

Glenn Pasch - December 5, 2023

Countless articles and news stories focus on the lack of workers for many businesses today. Some blame the economy, some blame government assistance, or that people have decided to change...

Management & Leadership Articles

Automakers have started the process of re-evaluating which models qualify for the full electric vehicle tax credit following new regulations.

GM, Tesla react to Biden Admin’s new EV tax credit rules

CBT News Staff Writer - December 4, 2023

Last week, the Biden Administration announced new electric vehicle tax credit guidelines, causing U.S. automakers to re-evaluate which models will qualify for the government's $7,500 incentive in 2024. In its revisions,...

Articles Headlines

Honda continued to build its sales momentum in the U.S. over the month of November, but may be forced to recall more than 500,000 vehicles.

Honda scores November sales win but faces mounting regulatory pressure

CBT News Staff Writer - December 4, 2023

While Honda and its subsidiary Acura continued to see strong U.S. sales in November thanks to sustained demand and an improving international supply chain, the company is facing a potentially...

Articles Headlines

New and used vehicles are selling more slowly and for less money than in 2022, noted a recent iSeeCars analyst. Used cars have fell by 33.7%

Report shows, EVs are the slowest selling section of the used vehicle market

Jaelyn Campbell - December 4, 2023

There's no doubt that the 2020 pandemic has caused a significant decline in vehicle pricing and sales times. On average, new and pre-owned vehicles are selling more slowly and for...

Headlines Sales & Marketing

With one month left in 2023, Kia sold 722,176 vehicles, breaking its previous record for total annual U.S. sales in less than 11 months.

Kia surpasses all-time annual record with best-ever November sales

Jaelyn Campbell - December 4, 2023

Kia reported its best-ever November with 58,338 unit sales, up 3% from the same period last year. With one month left in 2023, Kia sold 722,176 vehicles, breaking its previous record...

Headlines Articles

Let's delve into the fascinating interplay of psychology and decision-making as we dissect the car buyer's journey

Decoding car buyer personas: Understanding emotional triggers and decision-making factors

Steve Mitchell - December 4, 2023

Everyone likes to think they're logical. That their decisions, particularly those with substantial financial implications, like purchasing a car, are based purely on objective analysis. Yet, more often than not,...

Sales & Marketing Articles

4 simple tips to improve your dealership’s reconditioning process

Brian Jones - December 4, 2023

How long does it take your dealership to recondition a used vehicle? If you are one of the top performers, the answer would be 24 hours or less. Does it...

Sales & Marketing Articles

At last, the Tesla Cybertruck is here. During an event, Musk bragged, "It will be the biggest product launch of anything on Earth this year."

Ending years of setbacks, Tesla finally delivers its Cybertruck for $60,990

Jaelyn Campbell - December 1, 2023

At last, the Tesla Cybertruck is here. The production-spec electric pickup was unveiled at a live-streamed event at Tesla's Gigafactory in Austin, Texas. During the event, Musk bragged that "It...

Headlines Articles

Biden released EV tax credit regulations restricting Chinese imports that could halt the U.S. from shifting away from fossil fuel

Biden’s new EV regulations to limit China’s role in U.S. market

Jaelyn Campbell - December 1, 2023

The Biden administration released electric vehicle tax credit regulations restricting Chinese imports. However, by reducing the number of vehicles that meet the $7,500 federal tax credit requirements, the regulations may...

Headlines Articles

Articles

M&A roundup: dealerships change hands in Virginia, California, Ohio and more

Using better marketing to attract better talent

GM, Tesla react to Biden Admin’s new EV tax credit rules

Honda scores November sales win but faces mounting regulatory pressure

Report shows, EVs are the slowest selling section of the used vehicle market

Kia surpasses all-time annual record with best-ever November sales

Decoding car buyer personas: Understanding emotional triggers and decision-making factors

4 simple tips to improve your dealership’s reconditioning process

Ending years of setbacks, Tesla finally delivers its Cybertruck for $60,990

Biden’s new EV regulations to limit China’s role in U.S. market

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