Tesla Scrambles to Raise Funds with Bond and Stock Sale

Tesla
Days after announcing massive losses for the previous quarter, Tesla has now announced plans to raise about $2.3 billion in new capital to increase liquidity and continue to work towards being the most prominent force in electric autos. In an investors’ call on May...

Ford Focusing on Customers With New Rewards Program

FordPass
In 2016, Ford launched FordPass stating at the time that they planned “to do for car owners what iTunes did for music fans.” The platform acted as a one-stop for Ford owners who could use the FordPass app to connect and control their car,...

April’s Auto Sales: Upswing in Luxury Vehicle Demand

March was deceptively positive. The month had a slightly stronger showing than analysts originally predicted. While most automakers floundered, the month ended with a SAAR of 17.45 million units. The story of April is likely to be less favorable. Cox Analysts are predicting a one...

Tesla Announces a $702 Million Loss for Q1

Tesla
Expert expectations for Tesla’s Q1 2019 numbers were never very promising, but the $702 million net loss the company announced may exceed the expected losses. The dismal numbers show the greatest loss Tesla has ever reported over a single quarter. Reuters noted that Tesla...

Eyes on Auto Industry as USMCA Nears Ratification

USMCA
A cornerstone of the 2016 elections was the North American Free Trade Agreement (NAFTA). Put simply, candidate Trump did not like it. He promised that upon his election he would replace it with a better deal, and as president he has been working toward...

“The Amazon of Auto” Carvana Restores Faith From Investors

Carvana
Despite the “massive losses and negative cash flow” that Carvana has experienced within the past few years, the used auto retailer is making a comeback with better numbers as well as new advances in technology. Since making it onto the New York Stock Exchange...

The Evolving Face of Car Sharing Legislation

shared cars
Car sharing, a platform that allows for short term car rentals from private citizens or designated entities. Though it’s been around for a while, car sharing has come into its own in the 21st century, and there are currently enjoying popularity in high-density areas. Car...

Lisa Copeland on Industry Trends, Dealer’s Pain Points, and Fiat Leaving the U.S. Market

Lisa Copelandvideo
On today’s show, we welcome back Lisa Copeland, founder of Lisa Copeland Global and CEO of Cars Her Way. Lisa always has great insight and industry knowledge to share with us, and in this segment, Lisa and Jim discuss the Hustle and Grind Conference,...

Envisioning the Future: Toyota Looking for New Leadership

Toyota
Almost a decade ago in June of 2009, Akio Toyoda was elected to replace Toyota’s departing president, Katsuaki Watanabe. He took over the corporation at a low point for the auto industry, as “tight credit, volatile fuel prices and rising jobless numbers” had already...

Why is Toyota Giving Royalty-Free Access to Hybrid-Vehicle Patents?

patents
Japan’s Toyota Motor Corp announced Wednesday that it is opening up access to its hybrid-vehicle patents through the year 2030. The move also promises to supply competitors with component parts including motors, power converters and batteries. To understand the gravity of this announcement, we must...

HEADLINES

newscastvideo

Is Your Dealership Getting Fooled by Vanity Metrics? | 7 Tips For Evaluating Your...

Today on CBTNews.com - Wednesday, May 22nd, 2019: Is Your Dealership Getting Fooled by Vanity Metrics? - Jonathan "JT" Thompson, Force Marketing Despite positive page views...
vendors

7 Tips For Evaluating Your Vendors

Any business owner will tell you that the success of their business depends greatly on both the vendors and suppliers that they choose. While...
car buying experience

Four Ways to Help Consumers Move Past Anxiety During the Car Buying Process

When you hear accounts of those who have purchased cars or articles that touch on the emotional side of the car buying process, many...
Tip of the Dayvideo

Getting Out of a Rut

In a rut?  It happens to the best of us. Forget about why you’re in it.  Mark gives you three simple steps to get...

Creating a Marketing Strategy with Cable TV Advertising

On this week's episode of Auto Marketing Now, Brian Pasch talks about how to create a targeted and efficient marketing strategy by utilizing cable...

The Importance of a Dream Team Concept

On today's episode of F&I Today, Becky Chernek discusses the importance of a Dream Team concept between sales and F&I as well as how you...

Having the Willingness to Win

The retail auto industry can often times feel like a race. Sometimes we're racing against coworkers or the competition, while other times we're racing...