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%


automotive industry insights

Federal Reserve chair Jerome Powell still expects to see interest rates come down in 2024 but said the central bank still needs more time.

Fed chair Powell foresees interest rate cuts in 2024 but not until after March

- February 5, 2024
Federal Reserve Chair Jerome Powell confirmed that the economy remains on track to avoid a recession and allow for interest rate cuts later in the year during a "60 Minutes"...
Stellantis leadership has dismissed rumors of a potential consolidation with automaker Renault following the withdrawal of Ampere's IPO.

Stellantis dispels rumors of merger with France’s Renault

- February 5, 2024
Stellantis leadership has dismissed rumors of a potential consolidation with French automaker Renault following a media report claiming France's government was weighing a merger between the two companies. Stellantis chairman John...
Ford announced a modest increase in sales at the beginning of the year despite an decrease in EV sales, which then was offset by hybrid sales. 

Ford reports record-high January hybrid sales, offsetting EV decline

- February 5, 2024
Ford announced a modest increase in sales at the beginning of the year despite an 11% decrease in electric vehicle sales. However, this decrease was offset by a significant boost...
Ford temporarily laid off thousands of union workers as it sought to resolve a parts supplier issue disruption production of F-150 pickups.

Ford forced to suspend F-150 production over supplier issues

- February 5, 2024
Ford temporarily suspended 9,700 union workers while it resolved supplier challenges disrupting 2024 f-150 and f-150 lightning manufacturing. The issue caused closures at the Kansas City Assembly Plant in Missouri and...
In 2023, the increasing use of advanced technology changed how businesses communicate with customers. Joseph Michelli explains why

How dealers can stay ahead of emerging technology – Joseph Michelli | The Michelli Experience

- February 5, 2024
In 2023, the increasing use of advanced technology changed how dealers communicated with customers. But what can we expect in the customer experience as we go into 2024? Joining us...
With global technology firms, Volkswagen is discussing collaboration efforts to develop new AI-powered digital prototypes for features.

Volkswagen plans to launch AI lab, enhancing customer experience

- February 2, 2024
With global technology firms, Volkswagen is discussing collaboration efforts to develop new AI-powered digital prototypes for features and goods. As per the company's statement, Volkswagen has established a new 'artificial intelligence...
Tyson Jominy joins CBT Now to share his insights into the 2024 car market and the trends dealers can expect to see carry over from 2023.

Preparing your dealership for the 2024 car market — Tyson Jominy | J.D. Power

- February 1, 2024
On this episode of CBT Now, host Jim Fitzpatrick is joined by Tyson Jominy, vice president of data and analytics at J.D. Power, to discuss the latest trends affecting the...
UAW president Shawn Fain and GOP candidate Donald Trump traded insults on TV and social media following the union's endorsement of Biden.

Trump, Fain trade criticisms following Biden endorsement from UAW

- February 1, 2024
United Auto Workers (UAW) president Shawn Fain and GOP candidate Donald Trump traded insults following the union's official endorsement of President Joe Biden's re-election campaign last week. In a post on...
General Motors plans to bring new hybrids to the U.S. market, reversing course after saying it would only build fully-electric vehicles.

General Motors cancels EV-only strategy, will make hybrids for U.S. market

- February 1, 2024
General Motors is joining other automakers in prioritizing hybrid production as the car industry looks to balance stringent emissions requirements with slower-than-expected electric vehicle sales. During the company's quarterly earnings call...
Incoming NADA chair Gary Gilchrist said the organization would focus its efforts on opposing government policies targeting dealers in 2024.

New NADA chair details association’s agenda for 2024

- January 31, 2024
Gary Chilchrist, incoming chairman of the National Automobile Dealers Association (NADA) and president of Gilchrist Chevrolet Buick GMC, shared details of the organization's agenda for 2024 in an interview with...


CBT News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.