Tuesday, November 30, 2021
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chips

New shutdowns are coming to U.S. manufacturers

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Automotive assembly plant shutdowns are accelerating, and the future doesn’t provide much optimism for improvement. With today’s vehicles filled with up to 1,500 chips, manufacturers have to go on a chip diet at best and, in most cases, go on a long-term fast. GM, Stellantis, and Ford are currently delaying the production of over 855,000 vehicles, […]
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CarBox

How this independent car dealer is capitalizing on the strong...

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Over the last year, COVID-19 has impacted the way we sell cars and operate our businesses. The independent auto industry is changing as well. On today’s show, we’re pleased to welcome Scott Dooley, owner of the independent dealership CarBox, in Kenosha, Wisconsin, to give us his perspective on the industry’s changes and how they have […]
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vaccine

The status of vaccine mandates in the auto industry

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After eight months of emergency authorization, coronavirus shots were finally approved by the FDA. For some auto workers, this was welcome news as they objected to getting vaccines without full approval from the government agency. In addition, the vaccine has been in use for a while now but only under medical supervision. So, many OEMs […]
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production

Carmakers scale back production further on semiconductor shortage

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Halfway around the globe in Malaysia, COVID-19 cases have spiked badly in the past five weeks, and daily case counts in the nation of around 32 million have been surpassing 20,000 consistently. At least one Malaysian semiconductor chip supplier has been asked to shut their doors for the week by the government due to an […]
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NIADA

Gearing up for the 75th annual NIADA Convention and Expo with...

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Independent dealers across the country are gathering in San Antonio, Texas, next week for the 75th annual NIADA Convention and Expo. On today’s show,...
Hagerty

Specialty insurer Hagerty to become publicly traded company in merger...

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On Wednesday, global automotive enthusiast brand and specialty insurer Hagerty announced a merger deal with a special purpose acquisition company (SPAC) to become a publicly-traded company. The deal will reportedly put the company’s valuation at $3.13 billion when it’s closed, and it will trade under the ticker HGTY. The merger is intended to inject gross […]
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marketing used cars

Best practices for used car management with Kelly Automotive’s Chris...

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Welcome to this week’s episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the used car department, in-depth dealer interviews, hands-on dealership strategies, as well as vendor analysis. Today, host Jasen Rice, founder of Lotpop, is joined by Chris Saraceno, Vice President and Partner at Kelly Automotive […]
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vehicle supply

A new model coming for vehicle supply, AutoNation CEO Mike...

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The COVID-19 pandemic could be a watershed for carmakers who have typically kept hundreds of thousands of new vehicles at any given time. AutoNation CEO Mike Jackson surmises that this inventory-heavy practice could be coming to an end, giving way for a new method for vehicle supply to retailers. In an interview with Bloomberg Television, […]
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marketing used cars

How to leverage recall opportunities for added service revenue and...

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Welcome to this week’s episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the used car department, in-depth dealer interviews, hands-on dealership strategies, as well as vendor analysis. Today, host Jasen Rice, founder of Lotpop, is joined by Stephen Granger, founder and CEO of RecallRabbit. The pair […]
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Mask mandates

Mask mandates return for the Big Three U.S. auto plants

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On Tuesday, the United Auto Workers union and the Big Three carmakers announced that mandatory mask mandates would be reinstated for all corporate locations including factories, offices, and warehouses. The mask policy comes into effect today and applies to all employees regardless of vaccination status. A COVID-19 Task Force created among the UAW, Ford, Stellantis, […]
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