Today on CBT News – Monday, May 14th, 2018:
“Every So Often Congress Does the Right Thing”, Cody Lusk on CFPB, NAFTA, CAFE, and More
CBT Automotive has been keeping you informed on all developing updates pertaining to the Corporate Average Fuel Economy (CAFE), and the North American Free Trade Agreement (NAFTA) as Washington and the automotive industry meet in hopes to move forward with plans that support our nations dealers. Today on our CBT Newscast we had the pleasure of speaking with Cody Lusk, President, and CEO of the American International Automobile Dealers Association, who took time to inform our audience on any new developments as well as the state of these affairs and measures moving forward. Watch Now
Your Dealership’s Structure should Be High tech, High touch – Mark Tewart
Industry trainer Mark Tewart recently sat down with CBT Automotive Network to discussed where the direction of the industry is heading. As we learned that it’s just as much a guessing game for him as it is for anyone else, he lets us in on some patterns he’s noticing and his general assessment on the best way to plan for everything at your dealership. Watch Now
Hiding in Plain Sight: How Investing in Your People Could Be the Answer for Compressed Margins
As the automotive retail industry continues to focus in on beating the margin compression odds, doing away with operational inefficiencies at the dealership will be an imperative. With more than half of dealership gross profit margin going to payroll, an average cost of $10,000 per new hire and an annual turnover rate as high as 67 percent for sales positions, who you hire and how productive your workforce is plays a significant role in a dealership’s overall success. Read More
The What, Why, and Who of NAFTA
With all of the recent news about import tariffs and renegotiation of trade agreements, there is uncertainty about how all of this will affect the auto industry. Of all the talks, NAFTA seems to be the most important conversation surrounding trade and the U.S. auto industry. Read More
