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New Car Sales

Average list prices break through $40,000 ceiling as new vehicle inventory stabilizes

Kimberly Hurley - 0
The strain of the coronavirus undoubtedly shook up the auto industry in 2020, but things have slowly been turning around since the middle of the year. Last Thursday, Cox Automotive released its report on new-vehicle inventory, which appears to have continued stabilization while also showing average listing prices of over $40,000. More specifically, vehicle inventory is at […]
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Economy

Stellantis shows positive results on first day of trading

Jason Unrau - 0
As stock markets opened on Monday, Jan 18, Stellantis Chairman John Elkann rang the opening bell for Milan and Paris exchanges. In a prerecorded video, he said, “Stellantis represents...
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Management

Five things to consider if you are thinking about selling your dealership

Chanell Turner - 0
The COVID-19 pandemic has led to significant interruptions in the automotive industry. However, while the move to online sales and additional services like car delivery has...
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Economy

Biden’s executive actions in first days could influence auto industry

Jason Unrau - 0
Preparations are being made in the Capitol for Wednesday’s inauguration ceremony, transferring power to President-elect Joe Biden. Amid a heavy police and military presence,...
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F&I

Is now the right time to try upfront F&I pricing?

Kristine Cain - 0
Many years ago, Carmax stormed into the automotive space with the ‘no haggle’ price. What you see on the window sticker is it...no negotiation,...
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Technology

As traffic fatalities increase in US, can dealers influence safe driving?

Jason Unrau - 0
New data from the National Highway Traffic Safety Administration identifies that traffic accidents in the US have claimed more lives in 2020 than in...
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Customer Experience

Five tips on how to be customer-centered

Steve Mitchell - 0
A recent PWC report said, "only 36% of consumers feel that their employees understand their needs." Regardless of the truth or argument, perception is reality....
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Sales Strategy

TrueCar predicts 16 million new car sales in 2021

Jason Unrau - 0
Headed into another year of uncertainty, TrueCar is forecasting a healthy increase over 2020’s suppressed auto sales performance, expecting new light vehicle sales in 2021 to...
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Latest Articles

The Friday 5

High automotive company valuations continue to drive a busy M&A market

Steve Greenfield - 0
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
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Association News

How independent auto dealers have been coping with the COVID-19 pandemic – Louis Tedeschi, NIADA

CBT News - 0
With the departure of Steve Jordan in September of last year, Louis Tedeschi was named the new president of the National Independent Automobile Dealers...
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Economy

Impact of President Biden’s first executive actions on auto industry

Kimberly Hurley - 0
Swearing in a new president usually means immediate executive actions, and this week’s inauguration of Joe Biden was no different. He got off to...
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Industry News

Subaru of America fights hunger with 100M meal donation to Feeding America

Jason Unrau - 0
Subaru is best known for rugged vehicles with Boxer engines and standard Symmetrical AWD, but that could soon be overshadowed by their positive corporate...
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Daily Newscast

CBT automotive newscast: January 22, 2021

CBT News - 0
Today’s Featured Interview: How independent auto dealers have been coping with the COVID-19 pandemic - Louis Tedeschi, NIADA With the departure of Steve Jordan in September...
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