Monday, January 17, 2022
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F&I

What a rise in EV sales means for F&I long-term

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The rise of the EV or electric vehicle has made an almost immediate impact on the automotive industry and on dealerships. They are sold with a different buyer in mind and the sales process is a bit more nuanced depending on which EV is sold (hybrid, plug in, etc). A simpler car can sometimes be […]
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lithium

GM reaches agreement to source lithium in California

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General Motors has doubled down on their commitment to electrification. On Friday, GM announced that they have reached an agreement for strategic investment and commercial collaboration with California-based Controlled Thermal Resources (CTR) to source lithium. The process of procuring the lithium is markedly different and more environmentally friendly than traditional pit mining and evaporation ponds […]
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Lucid unveils the new Air, sets its sights on the...

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Lucid Motors has been building up its first production vehicle, with lofty claims of industry-leading battery range and speed, since releasing a prototype at the end of 2016. Four years later, the production model is here. The EV maker unveiled the Lucid Air on Wednesday in a global web broadcast from its Silicon Valley headquarters. […]
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future

Tech Trends that Signal the Future of Automotive Retail

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It was just 134 years ago in Mannheim that Karl Benz built the first automobile. Designs and manufacturing slowly morphed over the following century or so. Then, within the past two decades or so, tech advances are being developed at light speed. Today’s normal internal combustion engines have much tighter tolerances and are extremely efficient […]
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service centers

How Service Centers Can Prepare for Electric Vehicles

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Automotive service centers have to stay on the cutting edge of automotive technology. An advancement the industry has been keeping an eye on in recent years is a trend toward electric cars. In 2018 alone, sales of electric cars rose by 81%, with 361,307 electric vehicle sales compared to 199,826 sold in 2017. If this […]
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EVs

How to Make Up For Lost Profits in Your Service...

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0 When electric vehicles become more popular and mainstream, dealers worry that their fixed-ops departments will be the ones to suffer. With simpler propulsion systems and 40 percent fewer parts, EVs are on track to disrupt the service drive in a big way. On today’s show, we welcome back Steve Finlay, editor at Ward’s Auto […]
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electric cars

The Race Towards Electric

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It’s becoming clearer and clearer that we’re at the start of an electric revolution. Fluctuating fuel prices increased environmental protection efforts, and new technology are all pointing toward a bright future for electric cars. It feels like every day there is yet another announcement from a leading brand about their expansion into electric vehicles. It’s […]
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Evs

When Will Electric Cars Reach a Mass Market Audience?

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There have been plenty of announcements from carmakers but EVs (electric vehicles) are still mainly for the elite. Alternative fuels have been touted as the replacement for a petroleum-reliant automotive industry. Electric vehicles especially are expected to become mainstream, capturing a larger part of the market in the not-so-distant future. Yet, while there have been […]
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electric cars

Who’s More Afraid of EV’s: Buyers or Sellers?

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Electric vehicles should be a no-brainer for most consumers. While somewhat pricier during initial purchase, in the long run, electric cars save most drivers thousands, particularly in gas expenses. Additionally, electric cars are usually safer, more up-to-date and eco-friendly than diesel and gas vehicles. For this reason, electric car sales are on the rise, with […]
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newscast

Mark Conner: What is the leading indicator to driving sales? |...

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On today's CBT Newscast for Monday, December 4th, 2017: Mark Conner: What is the leading indicator to driving sales? No matter what your level of technological...