Industry Trends

According to Edumunds.com and other experts in the industry, used car sales are expected to continue rising through 2020. An estimated 39 million used cars are expected to be sold in 2018 before year’s end. This rise in used car demand and pricing comes in...

Last week’s announcement by General Motors to cease production at various plants has been met with severe disapproval from lawmakers on both sides of the aisle in both the US and Canada. The plan, which entails a complete restructuring that could result in an...

Digital retailing may have a long way to go before it is the industry standard, but with the popularity of online retailers like Amazon, dealers need to be aware of the changes that need to take place. Today, Jim speaks with Andy MacLeay, director...

There has been a lot of buzz surrounding car subscription services lately, with experts predicting that subscription services will change the face of automotive retailing. With the rise to maturity of the “Millennial” generation, subscriptions services are only expected to increase in popularity. There...

Alternative vehicle ownership is becoming increasingly popular among consumers and here to help us navigate through this constantly evolving industry is Rachelle Petusky, research and market intelligence executive for Cox Automotive's Mobility Group. Today, CBT’s Jim Fitzpatrick and Rachelle discuss phase 2 of their mobility...

October was a bit heavier on the tricks than treats when it came to auto sales. When compared to last year’s numbers, October is expected to see an approximate decline of 1.9 to 2.1 percent as projected by Cox Automotive and Edmunds respectively. Edmunds...

Most people imagine a Toyota Prius when they think of an “eco-friendly vehicle” but the history of electric cars actually spans back to the 1800s when chemist William Morrison created one that was able to go up to a whopping 14 miles per hour....

For the third month straight, used vehicle values have gone up and managed to set a new record, according to Manheim. Increasing by 0.14 percent throughout the month of September, Manheim’s Used Vehicle Value Index has reached a record high of 139.9. The United States...

There have been plenty of announcements from carmakers but EVs (electric vehicles) are still mainly for the elite. Alternative fuels have been touted as the replacement for a petroleum-reliant automotive industry. Electric vehicles especially are expected to become mainstream, capturing a larger part of the...

Wouldn't it be nice if our cars could communicate with one another as intricately and effectively as our smartphones? Well, as it turns out, a myriad of automotive tech companies are investing in that exact technology. 5G stands for the fifth generation of cellular mobile...