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GDP slips 0.9% for second straight quarterly decline—Biden, Yellen deny US...

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According to the Bureau of Economic Analysis, US GDP, or gross domestic product, shrank by 0.9% in the second quarter. To tackle inflation and decrease the...
Sonic Automotive

Sonic Automotive reports all-time record revenues and gross profit for Q2

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Sonic Automotive has reported its second quarterly earnings. According to a press release, Sonic Automotive had an all-time record adjusted earnings of $3.7 billion,...
Ford CEO Jim Farley in front of Ford logo

Ford Q2 earnings surpass expectations, raises shareholder dividend 50%

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Despite trouble with the global supply chain, Ford's adjusted earnings has tripled from a year ago to $3.7 billion as it increases deliveries. After the news was released,...
Rivian

Rivian confirms at least 800 layoffs, shifts focus to accelerating production

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Amy Mast, a spokesperson for Rivian Automotive, has confirmed in an email that at least 6% or 800 out of 14,000 of its employees will be...

CBT automotive newscast: July 29, 2022

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Inside Automotive: Supply chain problems still hindering auto sales—Is there an end in sight? We know that successful dealership operations largely rely on strong vehicle sales,...
service BDC

How to fill the gaps in your service BDC and create...

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Dealerships are always looking for ways to drive efficiency and profits further by adding new technologies. Back in June of 2021, Proactive Dealer Solutions launched Brooke.ai, automotive's...
inventory

One of the best ways for dealers to find and acquire...

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We're in a new era when it comes to dealership inventories, and everyone is searching for a better way of buying and selling vehicles....
Ben Keating

How Texas dealer Ben Keating is competing for market share amid...

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Automotive dealers are challenged now, more than ever, with very limited supply. And while it is limited across the board, that isn’t stopping dealers...
online ads

5 ways to make your online ads stand out

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In a recent Think with Google "At a Glance" article that may have popped into your inbox, they discussed five key strategies to better...
sales

J.D. Power and LMC Automotive expect new car sales to dip...

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According to J.D Power and LMC Automotive analysts, there will likely be a slump in retail auto sales for July due to massive supply-chain and distribution problems globally. Total sales,...