Driving Solutions on CBT News explores the latest innovations in retail automotive, featuring expert insights on evolving dealership values, ownership trends, digital retail, and customer engagement strategies.
Digital marketing strategies have become a crucial component of running a successful dealership, often meaning the difference between success and failure in today's technologically advanced world. Unfortunately, the retail automotive sector has only just started to realize that no strategy is useful without the right data, something that the industry has struggled to collect and implement for years.
On this episode of Driving Solutions, host Jim Fitzpatrick is joined by Mike...
Car dealers are faced with a multitude of unenviable challenges in 2024, ranging from uncertainty over profit margins to decreasing loyalty among consumers. More than ever, they need simple solutions...
The Federal Trade Commission's (FTC) Combatting Auto Retail Scams policy, better known as the CARS rule, aims to make the car buying process more transparent. However, many dealers say the...
The dealership M&A (mergers and acquisitions) market has demonstrated incredible resilience in the post-pandemic economy, remaining undaunted by rising interest rates and fluctuating demand. On the other hand, the buy-sell...
Car dealers have navigated a pandemic, high interest rates, inflation, and fluctuating demand with relative ease, underlining the strength of the retail automotive sector. However, with consumer preferences evolving and...
Although demand for passenger and fleet vehicles is starting to normalize in the aftermath of the COVID pandemic, most car dealers have yet to tap into a key market that...
In today's world of instant connectivity, the lines between physical dealerships and digital spaces, for leads and sales, are increasingly blurred. And for the last few years, dealers have been...
More than ever, dealers are relying on technology to help them run their businesses, serve their customers, and help employees reach new heights. But not all tools are created equal:...
With so many of today's car buyers opting to shop online, your dealership's digital experience has become more important than ever. However, with the automotive industry lagging behind others in...
Many dealers have become disillusioned with the electric vehicle market in the post-pandemic car market as technological and infrastructure limitations continue to suppress sales. However, while transitioning away from the...