Your #1 source for auto industry news and content

Home Tags IHS Markit

Tag: IHS Markit

online

How to sell better than your online-only competition

0
As transaction prices on new and used vehicles soar, competition for today’s auto buyers is fierce. But it’s not just local competitors dealers need to contend with. Rapid digitalization due to the pandemic led to the growth of online-only retailers. In the first six months of 2020, Carvana, Shift, and Vroom collectively experienced a 36% […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
loyalty

US auto consumers demonstrate lowest brand loyalty in six years

0
New car buyers in the United States have had wandering eyes this year. Among those shopping for a new vehicle, brand loyalty dropped to the lowest rate seen in the past six years. That’s according to the most recent IHS Markit analysis that follows brand loyalty rate through June 2021. Overall, new vehicle purchase brand […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
vehicle age

The Average Vehicle Age on the Road Today Keeps Climbing –...

0
New analysis from IHS Markit points to record-breaking vehicle ages on the road today. Over the past few years, vehicle age has been slowly trending upwards and is now at an all-time high of 11.9 years. In fact, 1 in 4 cars and trucks you see are at least 16 years old. But why? Here to […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
Brian Benstock

CBT Automotive Newscast: July 29, 2020

0
Today’s Featured Interview: How Paragon Found Success by Utilizing a Frictionless Business Model – Brian Benstock New York City has worked diligently to flatten the curve since the start of the COVID-19 pandemic. After a rapid outbreak of the virus in April, the city has made steady improvements in decreasing the number of new cases […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
car

Service Opportunities as Average American Fleet Age Nearing 12 Years

0
Google announced on Monday that its employees will be able to work from home into the summer of 2021. While they are the first major company to do so, the trendsetting tech giant is likely the first of many to make WFH a long-term option. Google’s CEO Sundar Pichai communicated to staff in an email,  […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
automakers

Automakers Get Creative with Highly Anticipated Vehicle Debuts

0
Amidst COVID-19 concerns domestic automakers from Ford to Dodge to GMC are debating whether to post-pone their highly anticipated product announcements or to debut them in an online setting. Following the cancellation of auto shows, vehicle unveilings are backed up, and flubbing a launch can cost manufacturers millions of dollars. To discuss this further, we’re […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
automotive

Top Opportunities for Auto Marketers: Advanced Ad Tactics, Millennials, Alternative Fuel...

0
Ahead of the NADA conference in Las Vegas, automotive advertising professionals—including Jake Rostollan, executive vice president at Pinnacle Advertising and Neil Gandhi, vice president...
automotivemastermind

automotiveMastermind: Solving Old Problems with New Products

0
automotiveMastermind has had a spectacular past year so it was a must for CBT News to catch up with the behavior company at The 2018 NADA Show. Marco Schnabl, CEO, and Ronda Lewis, Vice President of Dealer Relations at automotiveMastermind, had a great conversation with our own Jim Fitzpatrick where they talked about the industry and what […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
diversity

Third Annual Diversity Volume Leadership Awards

0
The automotive industry has seen unprecedented growth over the past four years. However, this would not have been possible without the purchasing power of diverse ethnic groups. According to Damon Lester, President of the National Association of Minority Automobile Dealers (NAMAD), thirty percent of new vehicle purchases are made by multicultural consumers, a considerable amount. […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
IHS Markit

Preferences for autonomy and mobility solutions vary widely by age and...

0
New research on consumer preferences for full autonomy in new vehicles finds the technology is not yet popular among a broad audience, according to analysts at IHS Markit.  Ironically, the same audience ranked it among the very features they would be willing to pay the most for in their next new vehicle purchase.  The research […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159