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

According to a new S&P Global study, U.S. drivers are holding onto their used vehicles longer than ever before

S&P Global reports average car age of 12.5 years, setting new record for U.S.

- May 15, 2023
According to a new S&P Global study, U.S. drivers are holding onto their used vehicles longer than ever before. The firm's research found that light vehicles in operation are now 12.5...
Tim Jackson joins Inside Automotive to discuss how the car business's transformation is testing OEM and dealer relations like never before

OEMs want to transform the car business: Should dealers be worried? – Tim Jackson

- May 15, 2023
Automakers are pushing for sweeping changes to way vehicles are sold, but how do franchisees factor into their plans? On this episode of Inside Automotive, host Jim Fitzpatrick is joined...
Tesla chief Elon Musk named Linda Yaccarino, NBCUniversal's former advertising chair, as the new Twitter CEO

Elon Musk names Linda Yaccarino as new Twitter CEO

- May 12, 2023
Tesla chief Elon Musk named Linda Yaccarino, NBCUniversal's former advertising chair, as the new Twitter CEO on Friday, May 12, months after promising to step down from the role himself. In...

Five Star Automotive Group acquires Toyota, BMW stores in Ohio

- May 12, 2023
Five Star Automotive Group has acquired two dealerships in North Canton, Ohio, through major merger-and-acquisitions broker Tim Lamb Group. Cain Toyota and Cain BMW were purchased by the dealership group on...
Multiple automakers are signaling the return of incentives as they consider options to address rampant unaffordability in the car market

OEMs actively discussing affordability, expect to see discounts and incentives

- May 12, 2023
Multiple automakers are signaling the return of incentives as they consider options to address rampant unaffordability in the current car market. In comments made to WardsAuto, Ford's chief financial officer John...
Matt Easton joins Inside Automotive once more to discuss one of the more difficult situations a dealer can face: disinterested customers

The pitch-less sales pitch: How successful dealers win over difficult clients — Matt Easton

- May 12, 2023
How do successful salespeople persuade guarded or disinterested car buyers? On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Matt Easton, sales trainer, consultant and founder of...
Rivian

Rivian slows Q1 losses, eyes profitability by 2024

- May 11, 2023
Rivian ended the first quarter with a smaller loss than last year thanks to greater revenue and successful cost-cutting measures. The electric vehicle manufacturer saw quarterly revenue of $661 million, $8.9...
Toyota saw quarterly profits push past the previous year's number but failed to prevent an annual loss due to the rising costs of materials

Toyota forecasts higher profits in 2024 buoyed by EVs and increased production

- May 11, 2023
Toyota saw quarterly profits push past the previous year's number but failed to prevent an annual loss due to the rising costs of materials. The automaker saw global net income reach...

Google Analytics 4: How the ASC is preparing dealers for a new internet

- May 11, 2023
On the last episode of Auto Marketing Now, host Brian Pasch, founder of PCG Companies and auto marketing expert, discussed the importance of merging customer data platforms (CDP), customer relationship...
Dealer sentiments improved substantially over the previous quarter, driven by unexpectedly high sales and revenue

Dealer sentiments improve for Q2, even as costs, prices worsen

- May 10, 2023
Dealer sentiments improved substantially over the previous quarter, driven by unexpectedly high sales and revenue. Cox Automotive tracks retailer outlooks through its Dealer Sentiment Index, periodically measuring attitude changes over the...


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