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April 2017 Auto Sales Totals

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  CBT News Anchor Joe Gumm reports on U.S. automotive sales totals for the month of April 2017. The seasonally adjusted, annualized sales rate was 16.8 million. Starting with domestic non-luxury brands for April.  Fiat declined 18%.  Chrysler dropped 3.3%.  Jeep fell 16.5%.  While Dodge dropped 2.6% and  Ram improved by 5.3%. Ford’s brand mirrored […]
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Mark Fields: Subprime market “not a bubble” right now

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In this interview from CNBC at the recent New York Auto Show, Ford Motor CEO Mark Fields talks about the automaker’s growth strategy, driving investor enthusiasm, a ‘plateauing’ auto market and the subprime market. Watch the full interview on CNBC.
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New-Car Dealership Employment Sets Record in 2016

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NADA.org: TYSONS, Va. (April 13, 2017) – Employment, wages and payroll at U.S. new-car dealerships all continued to rise in 2016, according to a new report released by the National Automobile Dealers Association. In 2016, new-car dealerships directly employed a record 1,131,900 workers, a 2.4% increase from the previous year, according to NADA Data 2016, the […]
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Michelle Krebs

Cox’s Senior Analyst on challenges facing car dealers in Q2

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CBT’s Joe Gumm sat down with Michelle Krebs, Director of Automotive Relations and Senior Analyst at the recent J.D.Power Forum in New York to chat about her perspective of presented auto trends. Even with a historical high plateau in the industry, Michelle reassures that “the sky is not falling”, economic fundamentals are “still pretty good […]
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newscast

Daily Newscast: Cox Auto’s Mark O’Neil on challenges dealers face |...

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  In today’s CBT Newscast for Thursday April 13, 2017: Cox Automotive's Mark O'Neil: New car dealers must be in the used car business Earlier this week...
auto sales

NADA Predicts Not-Bad 17.1 Million Year for Auto Sales

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U.S. automakers and their dealers will sell a forecasted 17.1 million light vehicles this year, not a record, yet nothing to beef about either, says Steve Szakaly, chief economist for the National Automobile Dealers Assn. It would come in under 2016’s record-breaking 17.5 million deliveries, but “it’s another year above 17 million,” Szakaly says in […]
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car sales

Expect Big Demand Ahead in car sales

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Auto sales “collapsed” in March, but a close look shows that this is no reason for pessimism about the economy — or even about the auto industry. It’s true that subprime auto loans are becoming a concern to growing numbers of investors, and that self-driving cars and ride-sharing growth exist as structural threats to the […]
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truck

Truck & SUV profits holding strong as car sales decline

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  In this interview from CNBC, Karl Brauer, Kelley Blue Book, says cars, unlike trucks, are not giving automakers the profits they want to see. This new reality of auto sales has resulted in deep discounting. Although trucks have a higher built-in profit margin there is a limit to being able to absorb that much […]
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newscast

Daily Newscast: Navigating digital retail | The state of the auto...

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  In today’s CBT Newscast for Friday April 7, 2017: Navigating the current digital retail landscape Joe Gumm sits down with Jonathan Orb CEO & Co-Founder of...
design

Ford’s top designer on winning over today’s female buyer

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  Time’s Clay Chandler sat down with Ford designer Chelsia Lau to find out more about her journey as a female designer in the male-dominated auto industry in this interview from Fortune Magazine.
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