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CBT automotive newscast: August 18, 2022

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Inside Automotive: How auto dealers are adapting to changes in new car buying behavior In the last few years, new and used car dealerships across the...
tax credits

Audi, Kia, Porsche EVs will lose US tax credit eligibility under...

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Automakers including Audi of America, Kia, and Porsche said that buyers of their electric vehicles would lose access to federal tax credits worth up to $7,500 once President...

CBT automotive newscast: August 16, 2022

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Inside Automotive: How general manager Eddy Allen fosters an outstanding customer experience despite low inventory Like many other car dealers in retail automotive today, Eddy Allen,...

CBT automotive newscast: August 15, 2022

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Inside Automotive: How new car supply shortages are affecting OEM and franchise dealer relationships — Brian Finkelmeyer When new vehicle production returns to more typical levels,...

CBT automotive newscast: August 9, 2022

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Inside Automotive: How Jeff Wyler Automotive plans to use its innovative new retailing platform to beat disruptors Jeff Wyler Automotive Family recently launched a 100% online...
emissions

GDP slips 0.9% for second straight quarterly decline—Biden, Yellen deny US...

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According to the Bureau of Economic Analysis, US GDP, or gross domestic product, shrank by 0.9% in the second quarter. To tackle inflation and decrease the...
Federal Reserve rate cuts may entire buyers back into showrooms.

Fed’s interest rate cuts could revive buyer interest

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The Federal Reserve announced a 0.25% cut to its benchmark interest rates, bringing the target range to 4.5-4.75%. This marks the second interest rate...
Ford Q3 2024

Ford sees $892M Q3 profit but faces challenges amid rising costs...

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Ford Motor reported a net income of $892 million for the third quarter of 2024, marking a 25% decrease compared to the previous year....

Ryan Kerrigan breaks down key trends in auto buy/sell market and...

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We’re now in the final stretch of 2024, and the automotive industry continues to face a number of significant shifts and challenges. From the...
The Federal Reserve opted to keep its benchmark rate unchanged during its July meeting, maintaining the target range between 5.25% and 5.5%

Federal Reserve maintains interest rates, keeping vehicle financing costs high

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The Federal Reserve opted to keep its benchmark rate unchanged during its July meeting, maintaining the target range between 5.25% and 5.5% to restrict...