Wednesday, December 2, 2020
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RV Sales

RV and Camper Sales Grow During the Pandemic

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Consumers are renewing their love for the open road in newly purchased recreation vehicles and camper trailers. As travelers continue to be wary of hotels, airplanes, and restaurants, RV and camper trailer purchases have spiked throughout spring and summer in 2020. According to the RV Industry Association (RVIA), wholesale shipments of RVs posted their highest monthly […]
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AutoNation Benefits Tremendously from Resuming Operations

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AutoNation Inc. is reaping the rewards of returning to work. The nation’s largest auto retailer posted a press release reporting a quarterly profit that had grown nearly three-fold since resuming operations. After the restart, the company posted a net income of $279.9 million for the quarter, compared to $101 million during the same period in 2019. […]
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Features Car Buyers Want

Dash Cams Sit Atop the List of Features Car Buyers Want

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All car buyers have a unique set of features they want in a new vehicle. Some shoppers enjoy the luxury of a convertible top, others a high-end stereo is a must, and many put a built-in vacuum to good use. The most popular feature among buyers, however, seems to be a built-in dashboard camera. Among […]
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Jeff Dyke

Sonic Automotive President Jeff Dyke Addresses COVID-19 Challenges and What Lies...

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Today on CBTNews.com for Monday, May 25th, 2020: Sonic Automotive President Jeff Dyke Addresses COVID-19 Challenges and What Lies Ahead for EchoPark On today’s show, we’re pleased to welcome back Jeff Dyke, President of Sonic Automotive, the sixth top dealership group in the country. In this segment, Jeff and Jim discuss how COVID-19 has affected […]
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COVID-19

How Dealers Can Address the Effects of COVID-19

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As of March 23rd, COVID-19 has shown up in 54 jurisdictions across the United States. More than 33,000 cases have been confirmed of the novel coronavirus and it has shown no signs of slowing yet. Worldwide, tests have confirmed COVID-19 in 177 countries, according to the CDC.   The illness associated with the novel strain of […]
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Military Lending Act

VADA’s Don Hall Discusses the Latest Changes to the Military Lending...

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In this segment, we are pleased to welcome back Don Hall, president and CEO of VADA, or the Virginia Automobile Dealer Association, who discusses the Department of Defense’s important ruling on the Military Lending Act. VIDEO TRANSCRIPT:  Today, we’re joined by Don Hall, who is the president and CEO of the VADA, Virginia Auto Dealers […]
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Kerrigan

Kerrigan Report: Diversified Business Models Drive Strong June Earnings in Auto...

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Welcome to the Kerrigan Advisors Market Update with Bridget Fitzpatrick and Erin Kerrigan, founder and managing director of Kerrigan Advisors. June’s Kerrigan Report addresses the month’s sales performance, stock valuations, and the current buy-sell market. Watch the full interview above to find out more or find the full Kerrigan Report here. VIDEO TRANSCRIPTION:  Bridget Fitzpatrick: […]
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Mercedes-Benz USA

Dietmar Exler to Step Down from Mercedes-Benz USA

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Mercedes-Benz USA CEO Dietmar Exler will be moving on to other ventures, as he announced to the board on Thursday that he will be stepping down. His exact plans for the future have not been revealed, but according to Automotive News Europe, he has accepted a job that is outside of the auto industry. Nicholas […]
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General Motors

Trump Unhappy with General Motors Cuts

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Last week’s announcement by General Motors to cease production at various plants has been met with severe disapproval from lawmakers on both sides of the aisle in both the US and Canada. The plan, which entails a complete restructuring that could result in an estimated 15,000 jobs cut, is meant to competitively position the company […]
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tariffs

Studies Show Tariffs Will Lead to Steep Price Increases

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By now, most have heard something about the Trump Administration’s planned auto tariffs. The president campaigned under promises to help a flagging auto industry through a 25% tariff on auto parts, including tires and steel. Back in May, Trump reiterated his commitment to the industry, tweeting, “There will be big news coming soon for our […]
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