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Biden

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

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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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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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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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CPO

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

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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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U.S.-Mexico Agreement

Auto Industry Gains a Slight Sense of Hope After U.S.-Mexico Agreement

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After months of fear and apprehension regarding U.S. President Donald Trump’s tariff threats against other countries, a White House news release published on Monday reported that the U.S. and Mexico had made a preliminary agreement that will allegedly work to drastically decrease the U.S.’s trade deficit and “replace unfair deals with free, fair, and reciprocal […]
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EU

Auto Industry Relieved after Tariff Truce With EU

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The U.S. Automotive Industry breathed a collective sigh of relief late Wednesday after news that Donald Trump had decided to ease moving forward in a major trade war with the European Union. In a joint press conference at the White House Rose Garden, Trump and European Commission president Jean-Claude Juncker made the announcement to work […]
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