Executive Profile
The Executive Profile: How Corina Diehl overcame adversity to build a thriving 22-store dealer group
Welcome to another edition of the CBT News original show, Executive Profile. Recently, anchor Jim Fitzpatrick traveled to Pittsburgh, Pennsylvania, and spoke with the owner and CEO of Diehl Automotive Group, Corina Diehl. Watch the full segment here.
Top stories
Detroit automaker Ford plans to recall nearly 113,000 of its best-selling F-150 pickup trucks due to a defective rear axle hub bolt. A National Highway of Traffic Safety (NHTSA) report filed on January 3 states that some vehicles may roll away due to the damaged axle hubs, raising the possibility of an accident. Read More
In an effort to gain traction in the emerging digital and electric era, South Korean manufacturers Hyundai and Kia announced their collaboration with Samsung on January 3. As part of the new deal, both automakers will integrate Samsung’s “SmartThings” IoT platform into their connected vehicle services. This means the new arrangement will allow customers to remotely control digital appliances through their vehicle’s in-car infotainment system. Read More
The winners of the 2024 North American Car, Truck, and Utility of the Year (NACTOY) awards are now finalized, offering insight into the vehicles re-defining their segments. NACTOY award recipients are selected by a panel of journalists who judge the year’s contestants based on which model made the biggest impact on its segment. NACTOY award recipients are selected by a panel of journalists who judge the year’s contestants based on which model made the biggest impact on its segment. Read More
The automotive chip market, formerly insulated from supply chain disruptions in the broader technology sector, is set to take a downturn in 2024, following a new report from self-driving technology company Mobileye. In its forecast for the new year, Mobileye, owned by Intel, noted that self-driving car manufacturers, such as Cruise parent company General Motors, purchased a surplus of automotive chip components during the COVID pandemic. Read More
For Dealers
7 essential video lead response tips for car dealerships
Video has become part of everyday life, ranging from entertaining people to providing a quick education on just about any subject you could imagine. Short and long-form videos are also a great tool for a car dealership to leverage in gaining the trust of their customers – especially those they haven’t met yet. This article describes a few things to know about making video work as a lead response at your dealership. Read More
Penske acquires Don Allen Auto for $12.34 million, Feldman enters Indiana market
Despite a slight decline from 2022’s record highs, blue sky values—a key metric in dealership valuation—remain elevated, standing at 2.3 times above pre-pandemic levels. Industry experts suggest that these values will continue to be high, driven by sustained dealership profits and demand from dealers aiming to expand their footprint. Here’s a look at five dealer groups that recently made significant buy/sell deals. Read More
