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Q1 sales jump, consumers pick Honda, Ford cuts Lightning team

Inside Automotive

Seth Rosen joins Inside Automotive to discuss the latest demand and supply trends developing in the used vehicle market.Why the used vehicle market is changing dealership inventory strategies — Seth Rosen | Subaru of Jacksonville
The used vehicle market is under close scrutiny as it adjusts to changing consumer preferences and evolving inventory levels. What can dealers expect from the preowned segment in 2024, and how should they prepare to navigate the complexities of a shifting automotive landscape?

On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Seth Rosen, used car director at Subaru of Jacksonville. With his boots-on-the-ground perspective, Rosen shares his insights into the latest trends and best practices defining the used vehicle market and how he expects conditions to develop throughout the remainder of 2024. Watch full segment here.

Top Stories

Q1 new car sales surge forward, led by Honda, Toyota. Read More

Honda wins consumer choice award for hybrid, EV lineup. Read More

Ford to cut two-thirds of Lighting production staff on slow sales. Read More

Ford to celebrate Mustang’s 60th birthday with special event.  Read More

For Dealers

Earlier this week: Nissan plans to boost sales by 1 million units and slash EV costs through its "Arc" strategy by 2027.Automotive weekly roundup: Nissan targets growth, online sales rise, Hyundai Invests big in EV future
Nissan plans to boost sales by 1 million units and slash EV costs through its “Arc” strategy by 2027. CarGurus reports a trend toward online car buying and decreased brand loyalty. J.D. Power finds higher satisfaction among EV owners with home charging compared to public stations. Edmunds highlights a gap between consumer expectations and the actual pricing of EVs. Hyundai is investing $51 billion in electrification, aiming to lead in the EV market despite industry hesitations. Read More

Electric vehicles and other high tech cars are exciting to drive but can be expensive to repair, leading some insurers to hike premiums.High stakes as new EV makers burn cash and seek lifelines
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the industry. I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us. In the electric vehicle race, it’s increasingly clear that not every competitor will make it to the finish line. Companies like Rivian, Lucid and Fisker are burning through their cash reserves as they spend heavily on expanding factory production and sales—all while losing money on every vehicle they sell. Read More

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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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