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No Stellantis discounts, big tech eyes auto market, new Ioniq 6 price

CBT Now

In the latest episode of CBT NOW, Tim Jackson joins us with a recap of the automotive-related EV releases from this year's CES show.Tim Jackson on the best automotive innovations at CES 2024
Each year, thousands gather to see what tech gadgets and products will be unveiled at the most powerful tech event in the world, the Consumer Electronics Show (CES). In the latest episode of CBT NOW, Tim Jackson, the former President and CEO of the Colorado Automobile Dealers Association, joins us with a recap of the automotive-related releases. Watch full segment here.

Top Stories

Stellantis CEO Carlos Tavares defending his company's anti-price-cut position while taking jabs at other pro-discount automakers.

Stellantis CEO Carlos Tavares defended the company’s decision to avoid price cuts during a presentation on its new electric vehicle platform. The comments arrive shortly after a year of industry-wide price cooling, eliminating the seller’s market manufacturers enjoyed during the pandemic era and creating buyer-friendly conditions for the foreseeable future. Read More

Due to its current incentives, Hyundai's Ioniq 6 SE, priced at $43,565, is the most affordable electric sedan available in the market

The Ioniq 6 is currently the largest electric sedan priced under $65,000. It measures 191.1 inches in length and provides sufficient interior space for passengers. Despite being on sale in America for less than a year, it has gained popularity for its impressive efficiency and an EPA-rated range of up to 361 miles. The automaker is offering a significant discount of $7,500 across its entire lineup. Read More

IDTechEx, a market intelligence firm, believes the need for vehicle innovation will lead automakers to rely more heavily on big tech.Market intelligence platform IDTechEx believes major technology firms may soon rule the automotive business as car manufacturers rely more heavily on third-party software and hardware. In its “Electric Vehicles: Land, Sea, and Air 2024-2044” report, IDTechEx notes that vehicles are becoming increasingly technologically advanced. The industry is currently transitioning to electric powertrains while also juggling the implementation of self-driving systems, infotainment suites, and internet connectivity. Read More

Ford shared details about the Ford and Lincoln Digital Experience, a new software suite will soon be added to more vehicles.

On January 22, Ford shared details about the Ford and Lincoln Digital Experience, a new software suite available on the recently launched Nautilus, which will soon be added to other vehicles. The automaker developed this in-house operating system following a phenomenon in the auto industry. The high-speed and highly customizable software also offers in-car apps like YouTube and Amazon Prime Video. It also significantly improves integration with Apple CarPlay and Android Auto. Read More

For Dealers

With a suite of data presentation tools, the Digital Leaderboard deepens the connection and trust across all levels of the dealership.How a digital leaderboard can drive performance at your dealership
From sales to fixed-ops, dealership teams are ill-prepared for today’s rapidly evolving automotive landscape. As was apparent throughout last year, prices are falling, competition is increasing, and customer preferences are changing. Having acclimated to the low-pressure environment of the 2020 through 2022 pandemic-era economy, employees are in for a rude awakening as it becomes more and more difficult to stay successful. To prepare their departments for the oncoming challenges, dealers will need to boost accountability, motivate staff members, and improve transparency at all levels of their business. Read More

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CBT News
CBT News
For over 11 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

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