Today on CBTNews.com – Tuesday, July 9th, 2019:
It’s never a dull moment in the auto retail industry and so far this summer, there have been a lot of new developments to the stories we’ve been watching closely. To get an expert pulse on these events, we turn to Cody Lusk, President and CEO of AIADA. Today, we’ll discuss the popular, ongoing industry topics that are currently making headlines like tariffs, trade, and Tesla. Take a look. Watch Now
Service contracts have been around for a long time. They provide additional profit opportunities at the time of sale, and theoretically provide more service opportunities after the sale. The problem is that most service contracts do not tie a customer to the dealership where they are purchased. Some of the latest innovations with service contracts revolve around ways to tie customers to dealerships as well as ways to increase take rates. Here is a quick look at some of these innovations. Read More
There has been no shortage of back and forth in regards to the tariffs that have been threatened and implemented on other countries by the United States since Donald Trump took office. The first 7 months of 2019 have been no different, seeing as there have been countless meetings, talks, and negotiations between the U.S. and other nations, most notably China. Throughout Trump’s presidency, tariff threats and impositions have continued to be fired rapidly in his quest for “fair trade deals” with other countries. Read More