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

Ford saw third-quarter earnings rise over the previous year but withdrew its full-year guidance amidst labor and electric vehicle concerns.

Ford earnings underwhelm analysts, automaker postpones EV investments

- October 27, 2023
Ford on Thursday retracted its full-year earnings guidance after posting an underwhelming third-quarter report. The announcement came on the same day company executives reached a tentative deal with the United...
Dealership groups continued to build on their early-year successes in the third quarter but struggled to sustain profits from 2022.

Dealer groups show resilience in Q3 despite profitability pressures

- October 27, 2023
Dealership groups across the U.S. broke multiple performance records in the third quarter, highlighting retail automotive's unanticipated resilience in the post-pandemic era. Lithia & Driveway posted a third-quarter revenue of $8.3...
Digital Dealer coverage: Anchor Jim Fitzpatrick speaks with Noah Lee, the Director of Product Consulting for Dealer.com, Cox Automotive about the importance of first-party data collection.

Why first-party data is more important than ever for your dealership — Noah Lee | Cox Automotive

- October 27, 2023
During the recent Digital Dealer conference in Las Vegas, CBT News anchor Jim Fitzpatrick connected with Noah Lee, the Director of Product Consulting for Dealer.com, Cox Automotive. Together with Jade...
Eric DeMont joins CBT News to discuss the issue of lead defection and a new solution that could help dealers save money and time.

Resolving lead defection through artificial intelligence — Eric DeMont | Urban Science

- October 27, 2023
Lead defection is a frustrating problem for dealers, resulting in wasted money, time and effort. However, while retailers have historically had few remedies at their disposal, the proliferation of artificial...
I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us.It’s been a tough quarter for many of the legacy automakers. highways emissions

McLaren’s world record Formula 1 pitstop is a lesson in team coordination

- October 27, 2023
Welcome to another edition of The Future of Automotive, with Steve Greenfield, Founder and CEO of Automotive Ventures, where I put recent automotive and mobility news items into context in...
New vehicle sales are expected to rise in October, despite ongoing manufacturing disruptions and economic instability.

October new vehicle sales to rise against UAW, economic headwinds

- October 26, 2023
Cox Automotive predicts that new vehicle sales will rise in October despite ongoing economic and manufacturing headwinds. According to the firm's forecast, new vehicle sales will top 1.23 million units, an...
Stellantis will purchase a 20% stake in Chinese electric vehicle maker Leapmotor, with plans to help the brand secure overseas market share.

Stellantis to invest $1.58 billion in China’s Leapmotor, plans joint venture

- October 26, 2023
Stellantis has announced a $1.58 billion investment into Chinese electric vehicle maker Leapmotor. The investment will give the manufacturing conglomerate a 20% stake in the business and two seats on the...
Jade Terreberry joins CBT News to discuss the power of first-party data and the effort to equip dealers with this essential technology.

Maximizing dealership profits with first-party data — Jade Terreberry | Cox Automotive

- October 26, 2023
First-party data, customer information collected and stored by a business, is a powerful tool that allows companies to provide better, more efficient service. But with the digital landscape evolving faster...

The biggest takeaways from dealership and OEM third-quarter reports — Kevin Tynan | Bloomberg Intelligence

- October 26, 2023
Third-quarter reports from the big dealership groups and automakers are in, giving analysts insight into the impact of the ongoing United Auto Workers strike and what the upcoming months have...
Steven Walker, Senior Product Marketing Manager for CDK Global, recently joined Jim Fitzpatrick on the CBT stage at the 2023 Digital Dealer conference.

How CDK Global is enhancing online to in-store modern retail experiences — Steven Walker

- October 26, 2023
Earlier this year, CDK Global released its Friction Point Study, which surveyed both shoppers and dealers to determine what points in the car buying process were crucial to deliver a positive...


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