EV credit update, Honda sales rise, Fed pauses rate hikes

CBT News Editorial Team - November 3, 2023

CBT Now What Q3's auto loan trends mean for the months ahead — Melinda Zabritski | Experian Automotive Auto loan delinquencies have steadily risen throughout the year, giving many financing and insurance...

Daily Newscast

American Honda saw sales rise dramatically from 2022, overcoming its inventory and supply challenges to score a year-over-year gain of 32.6%.

American Honda sales rise more than 30% in October

CBT News Staff Writer - November 2, 2023

American Honda saw sales rise throughout the month of October thanks to improved inventory and stable demand. The automaker reported total sales of 108,088 units, comprised predominantly of trucks. The number...

Articles Headlines

By shopping with dealers registered with the IRS, a car buyer can use their electric vehicle tax credit as a down payment at the time of sale.

Dealer registration opens for electric vehicle tax credit transfer

CBT News Staff Writer - November 2, 2023

Dealers can now obtain direct access to consumer electric vehicle tax credits thanks to a new website launched this Wednesday by the IRS. By registering through the IRS Energy Credits Online...

Articles F&I

The feds said that "economic activity expanded at a strong pace in the Q3" following policymakers' unanimous decision to keep rates unchanged

Powell: The Federal Reserve leave rates unchanged

Jaelyn Campbell - November 2, 2023

The Federal Reserve held interest rates steady on November 1 while policymakers grappled with whether financial conditions would be sufficiently tight enough to contain inflation or if the economy would...

Articles Headlines

The award for Automotive News 'Best Dealership to Work for' honors two Kunes Automotive and RV Group, located throughout the midwest.

Kunes Auto Group gets named among ‘Best Dealerships to Work For’ in 2023

Jaelyn Campbell - November 2, 2023

Automotive News' presented its "Best Dealership to Work for" award to two storefronts owned by Kunes Auto and RV Group, which operates over 44 car and RV dealerships throughout the Midwest....

Headlines Articles

Steve Roessler joins CBT News to discuss the need for new dealership technology and better digital proficiency.

Dealership technology and the future of automotive commerce — Steve Roessler | DriveCentric

CBT News Staff Writer - November 2, 2023

Dealership technology is often outdated and used incorrectly, putting many retailers behind the curve on digital retail. However, with consumers conducting more and more of their business online, the retail...

Event Coverage

Toyota posts updates, Hyundai sales rise, Ford expands charger access

CBT News Editorial Team - November 2, 2023

Inside Automotive Could your dealership benefit from an in-store clinic? — Melissa DeMontrond | DeMontrond Auto Group When most people hear the phrase in-store clinic, they typically picture some small, lonely alcove...

Daily Newscast

Hyundai saw sales rise 0.3% in the U.S. thanks in part to its EV lineup, continuing its 15-month streak of year-over-year increases.

Hyundai ekes out year-over-year victory in U.S., posts strong EV sales

CBT News Staff Writer - November 1, 2023

Hyundai Motor America continued to see stronger year-over-year sales in October, according to its monthly sales report published Wednesday. The South Korean brand recorded sales of 60,805 vehicles in the U.S.,...

Articles Headlines

Toyota unveiled shared multiple updates, including pay raises, EV investments and profit forecasts, after the release of its Q3 report.

Toyota announces EV investments, higher profit and pay raises after Q3 report

CBT News Staff Writer - November 1, 2023

Toyota delivered several updates in the wake of its third-quarter report, highlighting the speed with which the brand has recovered from its post-pandemic inventory constraints. On Wednesday, the automaker adjusted its...

Articles Headlines

Paul Appelbaum joins CBT News at the 2023 Digital Dealer conference to discuss the importance of accurate payment estimates.

How payment estimates impact the customer experience — Paul Appelbaum | OfferLogix

CBT News Staff Writer - November 1, 2023

Inaccurate payment estimates are one of the biggest pain points for car buyers, sometimes ruining the dealership experience for consumers. Unfortunately, many dealers rely on outdated systems that prevent them...

Event Coverage

Auto News

EV credit update, Honda sales rise, Fed pauses rate hikes

American Honda sales rise more than 30% in October

Dealer registration opens for electric vehicle tax credit transfer

Powell: The Federal Reserve leave rates unchanged

Kunes Auto Group gets named among ‘Best Dealerships to Work For’ in 2023

Dealership technology and the future of automotive commerce — Steve Roessler | DriveCentric

Toyota posts updates, Hyundai sales rise, Ford expands charger access

Hyundai ekes out year-over-year victory in U.S., posts strong EV sales

Toyota announces EV investments, higher profit and pay raises after Q3 report

How payment estimates impact the customer experience — Paul Appelbaum | OfferLogix

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