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UAW secures buyout program with GM, Ford slashes financing for it 2024 Mach-E, EV growth continues despite market slowdown

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

Kevin Frye will join us on today's episode of Inside Automotive to discuss how the return of inventory has ushered in a slowing market.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

In this episode of The Future of Automotive, Steve Greenfield discusses 2 articles revolving around Tesla’s competitiveness in the industryTesla’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

To access the ultimate efficiency of a dealers consumer trade-in method, ensure that these aspects of inventory sourcing methods are ongoing:  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

In a significant blow to the UAW on May 17 , workers at the Mercedes-Benz plant in Alabama have voted against joining the union. Tesla Fleet Savings, Manufacturing Innovations, & AI Valuations, BMW, Jaguar, VW Tied to Import Ban Over Chinese Forced Labor.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. 
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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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