Today on CBTNews.com – Wednesday, February 6th, 2019:
The Most Effective Way to Reduce Margin Compression at Your Dealership – Dale Pollak, vAuto
At this year’s NADA Show in San Francisco, CBT News had the pleasure of sitting down with several prolific dealers, vendors, and industry specialists. One of those specialists was Dale Pollak, executive vice president at Cox Automotive and founder of vAuto. In today’s segment, Jim and Dale discussed how dealers can minimize margin compression by better managing and marketing their used car inventory. Watch Now
Enhance Customer Experience with These Automated Marketing Strategies – Guy Super, Outsell
At this year’s NADA Show in San Francisco, CBT News caught up with Guy Super, vice president of sales at Outsell. Jim and Guy discussed the automated marketing strategies that your dealership needs. Watch Now
January Sales Rise in Spite of Intense Weather and Government Shutdown
In spite of the many obstacles facing car buyers, January is estimated to be a month of gains. Analysts at Edmunds and Kelley Blue Book recorded estimated sales increases of 1.3 and 0.2 percent respectively when compared to the previous year. While this was a bit of a slow start to 2019, it is clear that car buyers still feel optimistic. Read on for some of the trends that defined January’s car sales.
Update on the Corporate Average Fuel Economy (CAFE) Standards
In 1975 the Corporate Average Fuel Economy (CAFE) Standards were passed as part of the Energy Policy and Conservation Act. Despite being modified a bit, these standards are still in place today and their main goal is to reduce the use of gasoline while by making improvements in fuel efficiency. President Trump and his administration have until March 31 to submit a formal proposal to change CAFE standards, which is what they are calling the Safer Affordable Fuel Efficient (SAFE) standards.
