KBB reports new vehicle ATP trends decline as incentives rise

Jaelyn Campbell - March 9, 2023

A new report from Kelly Blue Book reveals that new vehicle transaction prices decreased by 1.4% in February, while incentives rose 3% month-over-month. The average car transaction now costs $48,763, which...

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Inventors, designers, and C-Suite: 20 female pioneers who changed the automotive industry

Kimberly Hurley - March 8, 2023

While the auto industry has mainly been predominated by men until recent years, there are actually many female pioneers who have changed the industry over time. In honor of National...

Management & Leadership Articles

Using strategy and media to differentiate your car dealership

Steve Mitchell - March 8, 2023

Image isn't everything, but in today's TikTok-inspired media, your dealership needs to stand out to your target market when compared to your competition. So, it would help if you were...

Sales & Marketing Articles

GM upgrades driver-assistance while trimming costs for Cruise robotaxis

CBT News Staff Writer - March 8, 2023

General Motors has announced additional details for its upcoming driver-assistance platform Ultra Cruise, one day after an executive at its robotaxi subsidiary, Cruise, spoke of plans to cut technology costs. On...

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Nissan is reshaping its supply chain to offset U.S. tariffs and global component challenges, relying on increased local production.

S&P Global reduces Nissan’s credit rating to junk

Jaelyn Campbell - March 8, 2023

S&P Global Ratings downgraded Nissan’s credit rating to junk, dealing a setback to the carmaker that has battled to increase profitability in the years since the arrest of former Chairman...

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Ford to increase production of EVs and best-sellers after successful February

CBT News Staff Writer - March 8, 2023

Ford has announced that it will increase production for some of its best-selling vehicles, after becoming the top-seller in the U.S. during February. In its announcement, the automaker noted that it...

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Shares drop as Rivian prepares to sell $1.3 billion in bonds to raise funds

Jaelyn Campbell - March 8, 2023

As lackluster demand and high expenses tighten a cash grip around electrical car companies, Rivian Automotive announced on March 6 that it aims to issue bonds worth $1.3 billion. After-hours trading...

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Pain Points: Buyers have changed and dealers should too

CBT News Staff Writer - March 7, 2023

Dealers understand the importance of excellent customer service more than anyone. But under the influences of technological advancements and financial crises, consumer needs have transformed faster than retailers can accommodate....

Sales & Marketing Articles

5 simple ways to improve customer retention and satisfaction

Brian Jones - March 7, 2023

If your clients aren’t happy with your services, you won’t be able to keep up with the other Key Performance Indicators (KPIs) that are essential for your service center’s success...

Fixed-Ops Articles

Model S and Model X receive more price cuts after Musk calls demand ‘infinite’

CBT News Staff Writer - March 7, 2023

Certain versions of Tesla's Model S and Model X have been discounted by an additional 4% and 9% respectively, following unexpected lineup-wide price cuts in January. The two vehicles are among...

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Articles

KBB reports new vehicle ATP trends decline as incentives rise

Inventors, designers, and C-Suite: 20 female pioneers who changed the automotive industry

GM upgrades driver-assistance while trimming costs for Cruise robotaxis

S&P Global reduces Nissan’s credit rating to junk

Ford to increase production of EVs and best-sellers after successful February

Shares drop as Rivian prepares to sell $1.3 billion in bonds to raise funds

Pain Points: Buyers have changed and dealers should too

5 simple ways to improve customer retention and satisfaction

Model S and Model X receive more price cuts after Musk calls demand ‘infinite’

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