Today on CBTNews.com – Tuesday, March 24th, 2020:
David Kain, Becky Chernek, & David Lewis Weigh in on Coronavirus Challenges
On today’s show, we speak to auto industry experts Becky Chernek, President of Chernek Consulting, David Kain, President of Kain Automotive, and David Lewis, CEO of David Lewis & Associates about the current spread of COVID-19 and challenges dealers are facing during this time. Check out their shows F&I Today, Kain & Company, and Straight Talk here on CBT.
How Dealers Can Address the Effects of COVID-19
As of March 23rd, COVID-19 has shown up in 54 jurisdictions across the United States. More than 33,000 cases have been confirmed of the novel coronavirus and it has shown no signs of slowing yet. Worldwide, tests have confirmed COVID-19 in 177 countries, according to the CDC. There’s bound to be an economic impact on the automotive industry, just like every other industry in the United States and globally. Read More
Auto Tariffs Still in Play in Q1 2020
The industry watched closely as the new NAFTA agreement, called the United States-Mexico-Canada Agreement (USMCA) was signed into law in January 2020. However, auto tariffs are still active inside and outside the USMCA. Criteria in the agreement requires automakers to source at least 75 percent of a finished vehicle’s components from among the parts and raw materials in the three countries. The included content must be procured from sources that pay at least $16 per hour to employees. Read More