Stellantis invests $325 million into 10 sustainable mobility startups

CBT News - June 16, 2023

Stellantis Ventures, the investment arm of the automotive giant, has made significant financial commitments to fuel the growth of 10 startups and a mobility venture capital fund. These investments account...

Articles Headlines

Cavender Auto Group launches program to donate vehicles to active-duty military

CBT News - June 16, 2023

Cavender Auto Group, located near Shavano Park, Texas, is demonstrating its support for the U.S. military through a new initiative. The program involves donating a brand-new car every quarter to...

Headlines Articles

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

A deep dive into Elon Musk’s business strategy for Tesla

Steve Greenfield - June 16, 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...

Future of Automotive

Customers are ready for digital retailing experiences, partly due to the disruption by COVID-19 and technological advancements.

Virtual tours and contactless delivery: how to embrace digital retailing

Chanell Turner - June 16, 2023

COVID-19 changed everything, including how we shop. As a result, many industries have had to embrace online shopping. According to the National Library for Medicine, global retail e-commerce grew 26.4%...

Sales & Marketing Articles

Weekly roundup: GM’s new EV battery plant, direct-to-consumer sales banned in Florida, and Lithia acquisition

CBT News - June 16, 2023

Earlier this week: General Motors announced that it will follow Ford's lead and adopt Tesla's North American Charging Standard. Florida Governor and presidential hopeful Ron DeSantis signed a state bill...

Daily Automotive News Articles

To further support affordability, median income experienced a growth of 0.3% during May. Manufacturers also offered increased incentives to entice buyers.

New vehicle affordability improved in May despite higher prices and interest rates

CBT News - June 15, 2023

In May, the affordability of new vehicles experienced a slight improvement compared to previous months, according to new data from Cox Automotive. This positive trend was primarily driven by solid...

Headlines Articles

According to the U.S. Commerce Department, sales rose 0.3% rise from April to May, driven by stronger retail sales at auto and parts dealers.

Retail sales rose 0.3% in May, beating analyst expectations

CBT News - June 15, 2023

Despite the challenges posed by persistent inflation and rising borrowing costs, Americans increased their spending at retailers in the month of May. According to the latest U.S. Commerce Department report released...

Articles Headlines

First-party data collected directly from your customers  will be king in a post-cookie world. This includes data from sources like website analytics.

Leveraging customer data platforms ahead of Google’s 2024 cookie depreciation

Steve Mitchell - June 15, 2023

Today, a majority of auto dealerships find themselves at a crossroads as 2024 looms. In 1992, Netscape invented the cookie, which sparked the profitable revolution of online advertising. So, Google's...

Sales & Marketing Articles

If you don't innovate, you’ll almost certainly be left behind. Many of the mighty have fallen and not lived to tell the tale.

To innovate or procrastinate — That is the question

Aaron Bickart - June 15, 2023

It may sound like heresy, but Henry Ford was a procrastinator. “I need a faster horse.” That was the consumer mantra when the early automobile market was still elite. People didn’t...

Articles Management & Leadership

When OEM policies negatively affect business, dealers and associations have several options to get the attention of OEMs and seek recourse.

Self-advocacy: How dealers can handle hot-button OEM issues

Jason Wilson - June 13, 2023

The relationship between dealers and OEMs in our industry is crucial for mutual success. However, as we all know, conflicts frequently arise as OEM policies can negatively impact dealers' businesses....

Daily Automotive News Articles

CBT News

Stellantis invests $325 million into 10 sustainable mobility startups

Cavender Auto Group launches program to donate vehicles to active-duty military

A deep dive into Elon Musk’s business strategy for Tesla

Virtual tours and contactless delivery: how to embrace digital retailing

Weekly roundup: GM’s new EV battery plant, direct-to-consumer sales banned in Florida, and Lithia acquisition

New vehicle affordability improved in May despite higher prices and interest rates

Retail sales rose 0.3% in May, beating analyst expectations

Leveraging customer data platforms ahead of Google’s 2024 cookie depreciation

To innovate or procrastinate — That is the question

Self-advocacy: How dealers can handle hot-button OEM issues

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