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Industry News

Carlos Tavares breaks silence on his sudden yet ‘amicable’ Stellantis departure

Carlos Tavares, the former CEO of Stellantis, made headlines with his sudden resignation in early December, leaving the automotive industry in shock. Now, he is speaking out to share his perspective on the events that led to his exit. In an exclusive interview with the Portuguese newspaper Expresso, Tavares described his departure as "amicable," explaining that it was primarily due to disagreements with Stellantis' board regarding the company's strategic direction. While the specifics of these disagreements remain unclear, Tavares emphasized that his decision to step down was made jointly with Chairman John Elkann. Despite Tavares claiming that his exit was "amicable,"...

Tesla wins as Trump team targets crash reporting requirement

The Trump transition team has proposed scrapping a key regulation that mandates automakers report crashes involving advanced driver-assistance systems (ADAS) and autonomous-driving technologies. This...

Elon Musk’s political influence pushes Tesla stock to new heights

Tesla's stock closed at a record high of $424.77 on Wednesday, surpassing its previous peak in 2021. The electric vehicle maker has experienced a...

Toyota gears up for electric SUV with additional $922M investment in Kentucky plant

Toyota has announced a massive investment in its Georgetown, Kentucky plant, committing nearly $1 billion to prepare for its first three-row electric SUV. The...
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How dealers can close the ‘blind spots’ in lead attribution – Jade Terreberry & Mike Tegtmeyer

Previously aired November 14, 2024 We all know that Cox Automotive’s Autotrader and Kelley Blue Book are consumer mega-marketplaces—a cornerstone of car buying and selling...

Driving change: How automotive innovation is shaping government’s digital future

As we get ready to turn the page on 2024, it is an exciting time to reflect on how digital innovation has transformed our...

Dealer Forward: How AI and automation are transforming sales

Artificial intelligence (AI) and automation are revolutionizing the dealership landscape, especially in sales operations. On today’s episode of Dealer Forward, Mark Vickery, Associate Vice...

Why mindset matters more than skillset – Daniel Grissom

What truly separates the good from the great in sales? It’s more than just closing deals—it’s about having the right mindset. Daniel Grissom, President...

Mastering value-centered sales with Sean Gardner

In the world of sales, there's a constant tug-of-war between price and value. While both are important, an overemphasis on price doesn't put dealers...

Preparing sales teams for post-election impact on the auto industry

In the automotive industry, preparation is everything—especially after a major election. With a president-elect chosen, we’re entering a period of adjustment. While it will...

Matt Bowers calls for Stellantis to refocus on North America after CEO resignation

In the wake of Stellantis CEO Carlos Tavares' resignation, the automotive industry is grappling with speculation about the company’s next steps. On this episode...

Sean Johnson sees hurdles for Scout Motors’ direct-to-consumer plan

Scout Motors' decision to bypass dealerships and sell directly to consumers has sparked frustration among Volkswagen, Porsche, and Audi dealers, who view it as a...

Record-breaking EV sales: How San Tan Ford is leading the charge in EV adoption – Tim Hovik

Previously aired October 14, 2024  In a time when many dealerships are struggling to move electric vehicles (EVs) off their lots, San Tan Ford in...

Karl Brauer weighs in on declining used car pricing trends

The drop in used car pricing is making it slightly easier for buyers to find affordable options. In today's episode of CBT Now, Karl...

October trends show wholesale used-vehicle price drop

In October, wholesale used-vehicle prices continued to fall, providing both challenges and opportunities for dealers. According to the Manheim Used Vehicle Value Index (MUVVI),...

Navigating challenges in the used car market – David Simches | Crown Auto Group

The used car market is facing a unique set of challenges right now—from the impact of Hurricane Helene to an influx of lease returns...

How comprehensive service platforms and AI enhance dealership profits with Skyler Chadwick

In today’s competitive landscape, service departments are under increasing pressure to boost efficiency and profitability. On this edition of Fixed Ops PowerLunch, we sit...

Q&A: Tasso Roumeliotis of Numa on predictions for service departments in 2025

As the automotive industry is on the brink of transformation, dealerships face shifting customer needs, the rise of electric vehicles (EVs), and the integration...

EVs boost dealership profits: A new era for auto service

As electric vehicles (EVs) gain traction in the automotive market, dealerships are experiencing a notable impact on their fixed operations revenue. EV repairs are...

Force Marketing’s John Fitzpatrick on maximizing your dealership’s marketing reach through streaming media ads

Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the...

Drive your dealership’s sales with personal marketing strategies – Sean Gardner | Joe Verde Group

Consistent and robust marketing is the key to every successful business. In today's episode of Inside Automotive, Sean Gardner, instructor and sales trainer for...

From the screen to the showroom: video strategies that will increase your sales

In today’s fast-paced digital landscape, car salespeople need to adopt innovative strategies to connect with customers and boost sales. One of the most impactful...
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Jim Appleton retires from NJ Car, passes the torch to Laura Perrotta

In today's episode of Inside Automotive, Jim Appleton and Laura Perrotta of the New Jersey Coalition of Automotive Retailers (NJ CAR) join us to...

California dealers respond to VW’s direct sales strategy and shifting EV market – Brian Maas | CNCDA

As the automotive landscape continues to evolve, California’s latest auto outlook highlights significant trends impacting new car registrations, dealer sales, and consumer choices. In...

NADA and FTC spar over CARS rule in U.S. appeals court

On October 9, a U.S. appeals court examined the challenge by the National Automobile Dealers Association (NADA) and the Texas Automobile Dealers Association against...

Ryan Kerrigan discusses post-election impacts, tariffs, and EV growth

It’s been a few weeks since the election, and it seems like we are starting to get some additional information on what the next...

Weekly roundup: Stellantis CFO on tariffs, GM’s Lansing battery plant transfer, Ramaswamy’s DOGE spending review

Earlier this week: Stellantis's CFO discussed tariffs, production shifts, and CEO transition challenges. GM to transfer ownership of Lansing battery plant to LG Energy...

Lauren Fix breaks down 2024 LA Auto Show highlights

The Los Angeles Auto Show recently wrapped up, and among the crowd favorites were five vehicles that stole the show. In today's episode of...

Willie Beck on current M&A trends and dealer outlook

Mergers and acquisitions (M&A) activity in the automotive industry has surged in recent years and shows no signs of slowing down. In today's episode...

10 essential tips for successfully selling your dealership– Sheldon Sandler | Bel Air Partners

In today’s competitive automotive market, selling your dealership can be daunting, whether you're planning to retire, shift industries, or capitalize on favorable market conditions....

Dave Cantin Group’s Jump IQ Named “Dealership Solution Of The Year” In 2024 AutoTech Breakthrough Awards Program

NEW YORK, October 9, 2024 – The Dave Cantin Group’s Jump IQ software was named “Dealership Solution of the Year” today in the fifth...

Mastering the art of dealership buy-sells with Andy Gill

Are you thinking about selling or buying a dealership soon? The right partner can make all the difference. In today’s Driving Solutions, we’re joined by Andy...

Marburger’s three-step formula to elevate your F&I department

In this episode of Training Camp with Adam Marburger, he shares a proven, repeatable, and non-negotiable formula to elevate F&I departments to the next...

Five essential strategies for F&I success with Adam Marburger

In this enlightening episode of Training Camp, host Adam Marburger draws on his experiences as both a Brazilian jiu-jitsu black belt and an F&I...

Revitalize your dealership culture for today’s automotive market – Jen Suzuki | eDealer Solutions

According to the National Automobile Dealers Association (NADA), dealerships' annual turnover rate continues to grow at an alarming rate, with over 46 percent of...

Sean Gardner on why sales skills still reign supreme

In today’s fast-paced automotive market, the days of letting customers walk out the door are long gone. Now more than ever, closing skills have...

Bridging the technician gap: how dealerships can recruit from trade schools

As new car dealerships face a growing demand for skilled technicians, developing effective recruitment strategies is increasingly essential. With trade schools producing a steady...

How Prestige Imports is shaping the luxury car experience – Javier Roque

In the world of luxury and exotic vehicles, Prestige Imports has built a reputation for excellence. As home to one of North America’s oldest...

The evolution of in-car entertainment and infotainment systems

In-car entertainment has evolved dramatically from simple AM radios to sophisticated infotainment systems, offering drivers a seamless blend of entertainment, navigation, connectivity, and safety...

How Urban Science boosts EV sales through targeted test-drive incentives

Today, we welcome back Urban Science. In previous discussions, they highlighted the importance of defection data through their solutions, TrafficView and SalesAlert. However, today,...
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