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Biden

Impact of President Biden’s first executive actions on auto industry

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Swearing in a new president usually means immediate executive actions, and this week’s inauguration of Joe Biden was no different. He got off to a busy start, overturning a few of former President Trump’s executive actions including regulatory matters, immigration, the census, and more. Perhaps one of the most notable executive actions he carried out […]
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Biden

Biden’s executive actions in first days could influence auto industry

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Preparations are being made in the Capitol for Wednesday’s inauguration ceremony, transferring power to President-elect Joe Biden. Amid a heavy police and military presence, the inauguration will kick off a busy week of executive actions that will reverse many of President Trump’s previous decisions. Some of those actions are expected to affect the auto retail and […]
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Biden

Trump vs. Biden on the future of the American automotive...

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The current 2020 presidential candidates diverge on many issues, and the US auto industry is no exception. For undecided voters, it can be challenging to sort out who takes which position. Here are some points to consider as we head into the final days of the election. Tradition vs. Innovation While both Trump and Biden […]
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Trump

Trump fuel economy penalty rollback overturned by appeals court

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On Monday, the U.S. court of appeals overturned the rollback of fuel economy regulatory penalties that were implemented under the Trump administration. The ruling comes five months after it was announced and was based on the determination that the National Highway Traffic Safety Administration (NHTSA) was excessively delayed in concluding that CAFE penalties were unreasonable. […]
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newscast

CBT Automotive Newscast: August 10, 2020

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Today’s Featured Interview: CBT News Market Update: Jonathan Banks, J.D. Power & Len Short, LotLinx Looking at the SAAR for July, auto retail came in at 14.5 million, higher than the initial projections of 14.3. This week, new car sales sat at 290,712 a 6.8% drop from this time last year. On the other hand, […]
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Trump

Trump Announces Tariff on Canadian Aluminum, Heating Up Trade Dispute

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On Thursday, August 6th, President Donald Trump announced the United States would be re-imposing 10 percent tariffs on aluminum imports from Canada. The highly controversial announcement comes just five weeks after the US-Canada-Mexico Agreement went into effect, replacing the old North American Free Trade Agreement. After initially imposing the tariffs on aluminum and steel in […]
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CPO

Dealers Turn to CPO Vehicles as High Prices and Interest...

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The first quarter of the fiscal year is officially over, and there are a lot of numbers and trends to break down. Here to talk to us more about March’s earnings is Karl Brauer, executive publisher for AutoTrader and Kelley Blue Book. Karl shares with us, his insight about this month’s winners, losers, the importance […]
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Automotive Industry

Five Major Automotive Industry Developments in 2018

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In regard to the automotive industry, 2018 has been a year of continued innovation and various technological advancements. The year has also been a setting of changing attitudes related to how consumers purchase vehicles, their preferences, and what they expect the future to hold regarding car ownership. Over the past few years, there have been […]
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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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Tarrifs

Trump’s Ramping Up On Threats for More Tariffs

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Despite the continuing pushback on President Donald Trump’s decisions on trade, an article from the Washington Examiner has reported that the White House is still considering imposing a 25 percent tariff on automotive imports. Over the past several months, along with imposing steep tariffs on aluminum and steel, Trump has also been ramping up more […]
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