Friday, November 27, 2020
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miles

Fewer Miles Driven in Past Few Months, and How It Could...

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If you had the occasion to drive anywhere during the March, April, or May this spring, it would’ve been a remarkable difference in traffic volume compared to pre-pandemic traffic. The Federal Highway Administration keeps track of the traffic volume trends in a monthly report for the U.S. Department of Transportation and noted that April experienced […]
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vehicles

Four Unique Vehicle Design Trends

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Automotive technology is always changing rapidly to adapt to new inventions that will make driving easier and more enjoyable. From electric vehicles to bluetooth and lane assist capabilities, the auto industry is constantly evolving to meet consumer demands. Even though our roads are not full of self-driving cars yet, the following designs are being created […]
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manufacturing

7 New and Exciting Trends in Automotive Manufacturing and Retailing

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Automotive manufacturing and retailing have changed dramatically over the last 5-10 years. Technology is advancing at a break-neck pace. Self-driving cars, electric vehicles, and changing mobility habits are paving the way to the new future of automotive manufacturing. Here’s a look at 7 of the most exciting new trends in automotive manufacturing and retailing. Self-Driving […]
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subscriptions

Auto Subscriptions Hit Red Tape

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Car subscriptions are one of the hottest trends automakers are currently jumping on, but red tape might prove to be a significant stumbling block for many going forward. Subscription programs like Volvo’s Care and Cadillac’s Book are making it easier for people to have cars only when they need them, cutting down costs and adding […]
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gas prices

Are Prices At the Pump Influencing The Industry?

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What gives automobile dealership owners chills at night? Stiff competition. A threat from Mother Nature. Rising gas prices. Gas prices, indeed, are on the rise, climbing from a relatively comfortable national average of $1.65 per gallon in the early 2016 to a market-altering $2.84 per gallon as of this week, enough for one automotive industry […]
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Challenges in the Buy/Sell Market Today – Kerrigan Advisors Market Update

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Ryan Kerrigan, Managing Director of Kerrigan Advisors joins CBT News to share insights on the automotive dealership buy and sell market, the health of the overall industry, some good news on incentives, and the challenges buyers are facing today. VIDEO TRANSCRIPTION Joe Gumm: Ryan Kerrigan is the director of Kerrigan Advisors, and joins us now […]
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car sales

The Effect Stair Step Programs Have on Small Dealers

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A hotly contested practice in the retail automotive industry is stair step programs. Often called something more glamorous or cerebral such as Ford’s “Volume Growth Bonus Program”, it is essentially a way to incentivize higher new vehicle sales by paying out kickbacks per unit sold. For the manufacturer, it typically has positive results. But for […]
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Kerrigan

Will rising interest rates impact dealer profitability?

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  If interest rates keep rising this year, what will be the impact on dealership profitability? In our monthly market update, we asked Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors.
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Edmunds

How certain aspects of 2017 auto retail will rollover into 2018

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  A few days ago, numbers for the final month of 2017 came out. The seasonally adjusted annualized sales rate for dealerships across the U.S. was 17.2 million, according to Edmunds. It’s the third straight year we have topped 17 million units, the fourth best sales ever in the U.S., and just the fifth time […]
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newscast

How certain aspects of 2017 auto retail will rollover into 2018...

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  On today's CBT Newscast for Friday, January 5th, 2018: Jessica Caldwell: How certain aspects of 2017 auto retail will rollover into 2018 A few days ago,...