Consumer spending increases, inflation eases slightly in May
According to a Commerce Department gauge used by the Federal Reserve, the rate of inflation during May was consistent and while it did rise, it was slightly less than expected.
Core...
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
auto industry
Stellantis calls for EV affordability, warns high prices could collapse market
The EV industry might be in trouble if they do not lower the average listing price for their vehicles. Although Europe and China are leaders in the EV industry since...
New NHTSA Chief says agency is cracking down on automated driver-assist systems
Steven Cliff, the new head of the National Highway Traffic Safety Administration (NHTSA) is concerned about the lack of accurate knowledge about automatic and self-driving systems installed in electric vehicles....
CBT automotive newscast: July 1, 2022
Inside Automotive:
NADA Update: President Mike Stanton on industry challenges, diversity efforts, and the 2023 NADA Show
In every corner of the country, people are still buying cars, despite the shortages making...
Used car stocking strategies that will align your active leads with inventory management
Welcome to this week's episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the used car department, in-depth dealer interviews,...
What do Gen Z car buyers think about the retail process? – Brendan Dougherty | CDK Global
CDK Global, a leading provider of automotive dealership solutions, recently released findings from a survey conducted by the company to better understand car shopper preferences and friction points within the...
Federal EV tax credit renewals are stuck in limbo
There has been much talk between members of Congress, OEMs, and other automotive retail professionals about electric vehicle tax credits. At the moment, there are many disagreements about what to...
Federal Trade Commission aims to reduce deceptive practices at car dealerships with new proposal
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According...
A closer look at the proposed FTC regulations on the car buying process
In June, the Federal Trade Commission (FTC) released consumer protection provisions for car dealers and dealership marketing teams. The provisions specifically aim to eliminate junk fees and "bait-and-switch" marketing tactics...
Lithia Motors purchases 9 dealerships in South Florida
Lithia Motors purchased nine dealerships from Lehman Auto World with the help of Haig Partners LLC, a well-known buy/sell advisor. Haig Partners represented the sell-side of the transaction. Lenham Auto...
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