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Oil Prices Expected to Rise to $60 in 2021 –...

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After hitting an all-time low earlier in 2020, crude oil prices are expected to rise to more normal levels in the first half of 2021. Bank of America says in the most recent Global Energy Weekly that they now forecast Brent Crude to reach $60 per barrel earlier next year. The announcement comes just two […]
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auto industry

CBT Automotive Newscast: August 19, 2020

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Today’s Featured Interview: Women in Automotive Panel with Dealers Hilary Haron & Liza Borches Across the auto industry, there is a very evident lack of women in automotive. To engage new women in the industry, it will take more than just a job posting. Hilary Haron, owner of Haron Motor Sales and Liza Borches, president […]
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oil prices

Oil Prices Suppressed by Low Demand, How Auto Retail May...

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American oil prices have rallied back from an all-time low of negative $37.63 per barrel for May futures on West Texas Intermediate (WTI) crude on April 20th. At that price, a seller would actually have to pay to have the buyer take their inventory – an unlikely scenario that would typically see sellers hold their […]
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automotive newscast

CBT Automotive Newscast: July 21, 2020

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Today’s Featured Interview: COVID-19 certainly challenged dealers and their ability to operate. But how much ground was lost? How can it be made up? We caught up with auto acquisitions specialist and CEO of Dave Cantin Group, Dave Cantin, to ask him these very questions. Watch the full-length interview here. Top Headlines:  The COVID-19 pandemic […]
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COVID-19

What the 2008 Recession Can Tell Us About The Impact...

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Can we learn a bit about the future of the automotive industry from lessons of the past? The recession of 2008 could tell us a lot about what to expect as the automotive industry looks to rebuild. Currently, automotive sales across luxury and non-luxury segments are up (compared to May 2020). Nevertheless, what could the […]
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