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The study analyzed 463,000 new and used car sales from March 2024 and found the average days on the market for new cars decreased by 21.6%,

iSeeCars reveals new car sales are slowing down while used car...

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New car dealerships are experiencing a change in supply and turnover. According to a study by iSeeCars, the average new car takes 54 days...
China's EV industry is driving a surge in ship orders, suggesting it could have the world's fourth-largest fleet of car carriers by 2028.

China’s EV exports surge boosts global ship orders, puts pressure on...

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China's electric vehicle (EV) export industry is causing a surge in orders for car-carrying ships, with predictions suggesting that China could have the world's...
On April 3, Ford began offering $1,500 Tesla Competitive Conquest Bonus Cash on all versions of the Mach-E models form 2023 and 2024

Ford offers Tesla owners up to $10K in savings on the...

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On April 3, Ford began offering $1,500 Tesla Competitive Conquest Bonus Cash on all versions of the Mach-E, including the 2023 and 2024 Mustang...
General Motors' self-driving division, Cruise, announced that it would reintroduce operations in some areas after a recent suspension

Cruise to resume self-driving operations in Phoenix after six-month halt

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On April 9, General Motors' self-driving division, Cruise, announced that it would reintroduce operations in some areas- starting with Phoenix- after suspending them for...
Sean Johnson joins the first-ever episode of Diversity in Automotive on CBT News to discuss the challenges to creating a diverse workforce.

The role of mentorship in creating diverse leadership — Sean Johnson...

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As American society has become more diverse, so too has the automotive landscape, with dealers, manufacturers, and suppliers welcoming minorities in increasing numbers. However,...
In the latest episode of CBT Now, Matt Easton argues sales professionals must address the underlying outcomes customers seek.

How salespeople can prioritize consumer outcomes over product features and benefits...

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Selling your features and benefits is dead in 2024, and selling the value is on life support, says sales coach and Easton University founder...
Ford approach has changed to leverage the newest technologies to maintain the franchise partner as the vital pillar of our operation.

Ford Europe adopts data-driven approach to improve franchise network operations

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Nearly two years ago, Ford's CEO, Jim Farley, had envisioned a future where Ford dealers would adopt the agency model with 100% digital sales,...
Leading up to the settlement, Tesla argued that the driver had been playing a game on his phone before the crash.

Tesla settles Autopilot lawsuit over 2018 crash that killed Apple engineer

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Tesla has settled a highly publicized lawsuit over the death of Apple engineer Walter Huang, who crashed his Model X while using Autopilot in...
Car buyers are returning to the new and used vehicle markets in hopes of finding bargain prices, even though affordability remains sparse.

Buyers flooding the market in hopes of improved affordability

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Buyers are returning to the new and used vehicle markets in hopes of finding a good deal, even as pre-pandemic levels of affordability remain...
On the latest episode of CBT NOW, Sean Gardner joins us to share some effective techniques to help dealerships' sales teams close more deals.

How sales teams can outperform the competition and close more deals...

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Inventory management is no longer a major issue for many dealerships. Therefore, one key factor in achieving success today is the ability to outperform...