What the Fed Interest Rate Cuts Mean for the Auto Retail Industry

interest rate
On July 31, the Federal Reserve lowered its interest rate for the first time in over a decade. Now set at between 2 percent and 2.25 percent, the rate was cut due to various factors such as “trade policies and low inflation,” according to...

Nominal Gains Only Tell Part of the Story For July 2019 Auto Sales

July 2019
According to NADA, overall new light-vehicle sales took a small hit in July. Unit sales for the month came in at 1.39 million. Even though this number is higher than last year’s 1.36 million during July, the seasonally adjusted rate (SAAR) is still coming...

The Importance of Dealership Wayfinding and Design

customer
How does your dealership layout affect customer experience? Is the customer aware of all of the features your dealership has to offer and can they easily navigate to their desired destination? If you spend your days inside a dealership, it might be easy to...

July Sales Numbers: Earnings Reveal Short-Term Wins for Dealers and Automakers – Karl Brauer, Autotrader

July's Earningsvideo
Here to talk to us more about July’s earnings is Karl Brauer, executive publisher for Autotrader and Kelley Blue Book. Karl is no stranger to CBT and in this segment, he shares with us, his insight about this month’s winners, losers, and what dealers...

BMW and Jaguar Team Up to Fast Track EV Innovation

jaguar
With the continuing advances in electric vehicles (EVs), it comes as no surprise that some manufacturers decide it is a good idea to work together. What is a surprise, however, is that BMW and Jaguar Land Rover (JLR) are the latest to announce plans...

3 Women Now Hold Top Leadership Positions at GNYADA

automotive industry
There’s no doubt that men have always played a more prominent role in the automotive industry than women, but that has slowly been changing over the past few years. Corporations in various industries, including the automotive industry, have begun finding ways to help women...

AutoNation Announces Cheryl Miller As New Chief Executive Officer

Cheryl Miller
After only four months of service, former AutoNation CEO Carl Liebert was replaced by Cheryl Miller on Monday, July 22nd. Miller has been with AutoNation for a decade and has served as its Chief Financial Officer since 2014. With her knowledge and expertise, AutoNation's...

June Sales Numbers: Low Interest Rates and SUVs Continue to Drive Auto Sales – Karl Brauer, Autotrader & KBB

interest ratesvideo
The second quarter of the fiscal year is officially over, and there are a lot of numbers and trends to break down. Here to talk to us more about June’s earnings is Karl Brauer, executive publisher for Autotrader and Kelley Blue Book. Karl shares...

Tesla Scores Huge Win in Virginia—How This Development Could Impact the Automotive Industry

Tesla
The journey of Tesla's direct-to-consumer business model has been filled with court cases. Their approach to selling cars is nothing short of disruptive to the current status quo. However, the electric car company recently scored a win in Virginia. The Virginia Automobile Dealers Association appealed...

President Trump Announces That Roger Penske Will Receive the Presidential Medal of Freedom

Medal of Freedom
President Donald Trump announced Thursday his plans to award the Presidential Medal of Freedom to automotive mogul and motor sports king Roger Penske. "We're going to be presenting the Presidential Medal of Freedom to Roger Penske," Trump told reporters at the White House during an...

HEADLINES

newscastvideo

How to Incorporate Dynamic Video into Your Dealership’s Marketing Strategy | Why Your Dealership...

Today on CBTNews.com - Monday, September 16th, 2019: How to Incorporate Dynamic Video into Your Dealership’s Marketing Strategy - Jeff Brown, Force Marketing On today’s show,...
technologyvideo

Utilizing Modern Technology in Auto Retail

On this week's episode of Straight Talk, David Lewis talks about why you should take advantage of modern technology and utilize services such as...
selling pointsvideo

7 Customer Contact Selling Points

On this week's episode of the Weekly Tune-Up, Jim Fitzpatrick sits down with guest host Michael Roppo, President of Automotive Domain Results, to go...
facebookvideo

Are Your Facebook Ads Clean?

 Are your Facebook ads clean? What does that even mean? On today's Tip of the Day, Glenn Pasch explains why images are important and why...

Utilizing Modern Technology in Auto Retail

On this week's episode of Straight Talk, David Lewis talks about why you should take advantage of modern technology and utilize services such as...

7 Customer Contact Selling Points

On this week's episode of the Weekly Tune-Up, Jim Fitzpatrick sits down with guest host Michael Roppo, President of Automotive Domain Results, to go...

The Secret to Being Successful in the Car Business

On this episode of Saturday Morning Sales Meeting, Jonathan recommends if you want to be successful in the car business, you have to leave...