CBT Now
How dealers can achieve a positive mindset every day – Merril Hoge | Former NFL Player
On today’s episode of CBT Now, we’re discussing the power behind having a positive mindset. Joining us is Merril Hoge, international speaker, best-selling author, and former National Football League (NFL) running back, to further explain how dealers can implement a batter mentality. Watch the full segment here.
Top stories
Despite the government stripping General Motors of crucial electric vehicle tax credits, the automaker announced it would provide $7,500 incentives for its EVs. At the same time, Ford plans to increase the cost of some F-150 EV variants by $10,000. In an effort to wean the American EV supply chain away from China, the U.S. Treasury released guidelines in December that included additional restrictions for battery sourcing. Read More
Electric vehicle maker Fisker revealed that the business is developing a Dealer Partnership model in North America to expand its sales and delivery network in addition to its direct-to-consumer distribution strategy. The dealer model aims to provide dealers with a larger market region that can sustain prices without concern for local competition. Read More
The Ford F-150 was one of the few used vehicle models to remain unaffected by economic trends in 2023, retaining its top-selling spot even as pickups saw a slight decline in popularity. Throughout last year, pre-owned trends fluctuated heavily under pressure from internal and external factors, including high new car prices, rising fuel costs, interest rates, inflation, and inventory constraints. Read More
Domestic and import car manufacturers jostled for market share throughout 2023 but made overwhelming progress in year-over-year sales as production, affordability, and demand normalized. General Motors recorded a sales increase of 14.1% in the U.S. over 2023, driven primarily by the remarkable recovery of its Buck brand (up 61% year-over-year). Read More
For Dealers
How to grow your dealership’s online reviews and reputation
It’s no secret that online reviews are essential for businesses, which goes double for auto dealerships. With so much competition, it’s crucial to have a solid online presence, which means having good reviews. So how can you get them? Here are a few tips. Read More
6 key automotive retailing trends to watch closely in 2024
As the automotive industry continues to evolve, the year 2024 promises to be a pivotal one marked by dynamic shifts in automotive retailing. From advancements in technology to changing consumer preferences, the landscape of automotive retail is poised for further transformation. In this ever-evolving environment, staying aware of the latest trends is crucial for automotive retailing professionals seeking to navigate the challenges and seize new opportunities. Here are six key automotive retailing trends that are set to shape the industry throughout 2024. Read More
