TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%


About: CBT News Staff Writer

CBT News Staff Writer

For over 12 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

Dealership groups continued to build on their early-year successes in the third quarter but struggled to sustain profits from 2022.

Dealer groups show resilience in Q3 despite profitability pressures

- October 27, 2023
Dealership groups across the U.S. broke multiple performance records in the third quarter, highlighting retail automotive's unanticipated resilience in the post-pandemic era. Lithia & Driveway posted a third-quarter revenue of $8.3...
Articles Headlines
Eric DeMont joins CBT News to discuss the issue of lead defection and a new solution that could help dealers save money and time.

Resolving lead defection through artificial intelligence — Eric DeMont | Urban Science

- October 27, 2023
Lead defection is a frustrating problem for dealers, resulting in wasted money, time and effort. However, while retailers have historically had few remedies at their disposal, the proliferation of artificial...
Event Coverage
New vehicle sales are expected to rise in October, despite ongoing manufacturing disruptions and economic instability.

October new vehicle sales to rise against UAW, economic headwinds

- October 26, 2023
Cox Automotive predicts that new vehicle sales will rise in October despite ongoing economic and manufacturing headwinds. According to the firm's forecast, new vehicle sales will top 1.23 million units, an...
Articles Headlines
Stellantis will purchase a 20% stake in Chinese electric vehicle maker Leapmotor, with plans to help the brand secure overseas market share.

Stellantis to invest $1.58 billion in China’s Leapmotor, plans joint venture

- October 26, 2023
Stellantis has announced a $1.58 billion investment into Chinese electric vehicle maker Leapmotor. The investment will give the manufacturing conglomerate a 20% stake in the business and two seats on the...
Articles Headlines
Jade Terreberry joins CBT News to discuss the power of first-party data and the effort to equip dealers with this essential technology.

Maximizing dealership profits with first-party data — Jade Terreberry | Cox Automotive

- October 26, 2023
First-party data, customer information collected and stored by a business, is a powerful tool that allows companies to provide better, more efficient service. But with the digital landscape evolving faster...
Event Coverage

The biggest takeaways from dealership and OEM third-quarter reports — Kevin Tynan | Bloomberg Intelligence

- October 26, 2023
Third-quarter reports from the big dealership groups and automakers are in, giving analysts insight into the impact of the ongoing United Auto Workers strike and what the upcoming months have...
Featured Daily Automotive News
U.S. car sales are projected to rise in October surpassing last year's total, but analysts are still concerned about the upcoming months.

October car sales ‘stronger than they appear’ forecasts S&P Global Mobility

- October 25, 2023
Analysts at S&P Global Mobility expect U.S. car sales to rise by the end of October but have expressed concern for the automotive sector should manufacturing and economic headwinds continue...
Articles Forecasts & Research
Kathryn Schifferle joins CBT News at the 2023 Digital Dealer conference to discuss new opportunities in the commercial vehicle segment.

Why dealers should explore opportunities in the commercial vehicle segment — Kathryn Schifferle | Work Truck Solutions

- October 25, 2023
The commercial vehicle segment presents exciting new opportunities for dealers looking to serve a wider array of consumers and enter new markets. However, many are afraid to take risks on...
Event Coverage
General Motors finished Q3 ahead of expectations despite revising its guidance, earning a swift response from the United Auto Workers union.

General Motors’ Q3 report met with new United Auto Workers strike

- October 24, 2023
General Motors on Tuesday included a revised profit forecast for 2023 in its third-quarter earnings report, published hours before the United Auto Workers union announced a new strike against the...
Articles Headlines
Hudson Automotive Group has signed an agreement to purchase five storefronts from Vic Bailey Automotive of Spartanburg.

Hudson Automotive Group to acquire Vic Bailey Automotive of Spartanburg

- October 24, 2023
Hudson Automotive Group is set to acquire South Carolina dealership group Vic Bailey Automotive. According to a Monday press release, the two businesses have already signed an agreement, with a purchase...
Articles Daily Automotive News

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White House revises metals tariffs, Stellantis eyes Canada EVs with Leapmotor, NHTSA considers ban on faulty Chinese airbags

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Affordability takes center stage at the 2026 NY Auto Show
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Legal battles reshape car sales
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California’s War on Classic Cars Just Hit a Wall—Thanks to Jay Leno
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California’s war on classic cars just hit a wall– Thanks to Jay Leno


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