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Stellantis reports steep profit decline, Ford’s mixed Q2 amidst EV surge, UAW’s Fain delays 2024 endorsement

Top stories

Stellantis reports a steep decline in first-half profits amid production and market challenges. Read More

Ford reports mixed Q2 2024 results amidst EV sales surge and strategic shifts. Read More

UAW President Shawn Fain Delays Endorsement Decision for 2024 Presidential Election. Read More

2024 marks ‘Year of More’ for EVs despite slow growth, according to Autotrader. Read More

Featured Interview

Two digital content creators at Mohawk Chevrolet have taken social media by storm with their hilarious and relatable videos.How Mohawk Chevrolet’s ‘Office’ parody videos are revving up social media success
Two digital content creators at Mohawk Chevrolet have taken social media by storm with their hilarious and relatable videos based on the hit show, “The Office,” called “The Dealership.” Joining us on the latest episode of Inside Automotive to tell us all about their videos and the impact they’re having back at the dealership are Grace Kerber and Ben Bushen of Mohawk Chevrolet. Watch the full segment
here.

CallRevu's Intelligent Communication Solution, now featuring a hosted phone system, is a game-changer for your dealership operation.Inside the innovative call monitoring and hosted phone system – Eric Glass & Dave Malone
CallRevu’s Intelligent Communication Solution, now featuring a hosted phone system, is a game-changer for your dealership operation. In today’s episode of Driving Solutions, we are privileged to have Eric Glass, Senior Director of Sales Engineering and enablement at CallRevu, and Dave Malone, SVP of Sales at CallRevu, share their wealth of experience and knowledge about this innovative solution, instilling confidence in the comprehensive understanding they provide. Watch the full segment
here.

For Dealers

According to the National Automobile Dealers Association, service parts and sales revenue reached $142.62B, a 3.73% increase from last year.Driving Dealership Profitability through the Service Drive: A Focus on Training
The service drive has become a key profit center for dealerships in recent years. In 2023, U.S. new-vehicle dealerships wrote 264.3 million repair orders, slightly down from 265.8 million in 2022, according to the National Automobile Dealers Association (NADA) data. However, service parts and sales revenue reached $142.62 billion, a 3.73% increase from the previous year. Read More

CBT News opens nominations for 40 Under 40 awards
ATLANTA, Georgia (July 25, 2023) — CBT News, the dealer community’s No. 1 resource for in-depth interviews and news coverage, is now accepting nominations for the platform’s 40 Under 40 celebration, recognizing excellence and success in today’s retail automotive professionals. Read More

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CBT News
CBT News
For over 11 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

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