TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%


Automotive Industry Trends

Toyota

Toyota makes a robust update to profit forecast

- February 11, 2021
The world’s best-selling automakers has now updated their full-year profit expectations after realizing a net profit increase of 50% in the third quarter of their fiscal year. Toyota Motor Corp increased...

Will the record breaking automotive M&A activity continue throughout 2021? – Ryan Kerrigan

- February 10, 2021
Automotive M&A deals have been very active over the last 12 months as major retailers expand their footprint into new markets. Lithia Motors has been one of the most aggressive...
cryptocurrency

Tesla buys $1.5 billion in Bitcoin, will sell cars for cryptocurrency

- February 9, 2021
On Monday, Tesla announced a purchase of around $1.5 billion USD in Bitcoin, the world’s most well-known cryptocurrency. A filing with the Securities and Exchange Commission detailed the purchase with...
creating websites

4 modern dealership challenges and how to successfully pivot

- February 8, 2021
Dealership operations are becoming increasingly complex, and the global pandemic has only accelerated that further. The rapid changes in market conditions are driven by several factors: Evolving buyer preferences. According...

Buy/sell expert Dave Cantin discusses the current state of industry consolidation and dealership valuations

- February 8, 2021
Automotive M&A transactions have been extremely active even in the throes of a global pandemic. Lithia Motors has made major headlines as it continues to acquire robust dealership groups across...
automation

Best practices for engaging today’s car shopper: Automation (Part 2)

- February 8, 2021
In Part 1, we addressed some objections to automation and how to overcome them. Once we overcome objections and fears that naturally come with automation considerations, we can move to implementation....

The benefits that comprehensive connected technology can bring to your car dealership – Byron McDuffee & Alok Tyagi, DealerSocket

- February 3, 2021
With the 2021 NADA virtual show just around the corner, CBT News anchor Jim Fitzpatrick catches up with Byron McDuffee, Chief Operations Officer of DealerSocket, and Alok Tyagi, Chief Product...

How to skillfully convert more of your dealership’s phone leads – Anthony Giagnacovo, CallRevu

- February 3, 2021
As the 2021 NADA virtual show draws near, anchor Jim Fitzpatrick is joined by Anthony Giagnacovo, CEO of CallRevu, a call tracking and monitoring solution created to help car dealers...

Will Ferrell to star in GM Super Bowl commercials

- February 3, 2021
General Motors plans to use its Super Bowl airtime to promote its all-electric future with comedian and movie star Will Ferrell. With the big game less than a week away,...

Tesla adds collision repair to its service department

- February 2, 2021
Tesla service centers have been limited in repair capabilities to this point. However, that’s about to change. In an alert sent out to customers, Tesla announced that its service centers...


CBT News
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