Top stories
UAW secures expanded buyout offer for GM workers. Read More
Ford slashes interest rates to 0% APR on 2024 Mustang Mach-E. Read More
EV growth continues despite Tesla’s decline, Ford and Hyundai make strides. Read More
Mitsubishi plans U.S. revival with new models and retail concepts. Read More
Featured Interview
Strategies for maximizing profitability in a shifting automotive market – Kevin Frye | Jeff Wyler
As dealers basked in record profits and margins just a few short years ago, the return of inventory to pre-pandemic levels has ushered in a slowing market. In today’s episode of Inside Automotive, we delve into strategies for maximizing profitability amidst these shifts. Joining us is Kevin Frye, Marketing Director at Jeff Wyler Automotive Family. Watch the full segment here.
Tesla’s fleet savings and manufacturing innovations shake up the auto industry
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the industry. I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us. Watch the full segment here.
For Dealers
How dealers can more effectively source cars from consumers
In the fast-paced world of automotive retail, it is easy to get bogged down with day-to-day operations and overlook critical aspects of your dealership’s efficiency. However, it is important to take a step back to ensure that the trade-in tools and techniques currently employed to source vehicles from consumers are efficient, easy to use and most importantly, effective. In doing so, dealerships will not only maximize their value and overall profits, but further establish a trusted relationship with customers in a dealership’s local region. Read More
Weekly roundup: Alabama Mercedes-Benz workers reject unionization bid, Dave Cantin Group launches inaugural AI software, OEMs linked to Chinese Forced Labor parts
Earlier this week: In a significant blow to the UAW, workers at the Mercedes-Benz plant in Alabama have voted against joining the union. Using its new AI-powered data-mining software, Dave Cantin Group can now provide accurate, reliable data-driven valuations for any new-car dealership in the U.S. According to a report by U.S. Senator Ron Wyden, BMW, Jaguar Land Rover, and Volkswagen have sourced parts from a company on a U.S. import ban list due to alleged links to Chinese forced labor. The 2024 Tesla Model 3 Performance has seen a gradual increase in price since its launch in April. Read More
