Tag: auto industry
Soaring commodity costs signal price increases for vehicle parts
Over the past two years, commodity costs have spiked between 200 and 300%, and parts suppliers are feeling the heat. Bosch announced during their...
U.S. adults are changing financial decisions due to inflation, according to...
According to a recent report from First Insight, a staggering 97% of 1,000 U.S. adults surveyed indicated they are shifting their financial decisions to accommodate high...
CBT automotive newscast: May 6, 2022
Inside Automotive:
Adam Marburger shares valuable F&I tips and key ideas from his brand new book
Do you get in your own way? It can be...
How to get your used car inventory back in shape for...
Welcome to this week's episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the...
Fed raises interest rates by half a percentage point, aims to...
On Wednesday, May 4, the Federal Reserve announced another target interest rate hike intending to quell inflation wreaking havoc American economy. The Fed's target...
Volvo announces a 25% drop in sales for April
Volvo Car Group said this week that its sales for April totaled 47,150, down 24.8% year-over-year. Overall, sales dropped 47.8% in China, U.S. sales fell by...
8 strategies for winning over out-of-warranty service customers
While the average passenger vehicle on the road in the U.S. today is increasing in age – hitting more than 12 years old in...
Apple hires former Ford director for self-driving vehicle development
Sources told Bloomberg this week that Apple Inc. has hired Desi Ujkashevic to help the tech giant on its so-called Apple Car Project, which aims to develop a...
Head of Aston Martin steps down, ex-Ferrari CEO to take over
According to a Bloomberg report this week, Aston Martin Lagonda Global Holdings Plc's current Chief Executive Officer, Tobias Moers, will no longer be with the company after...
Lyft shares drop due to driver incentives and Q2 projections
Lyft shares dropped 25% this week after the rideshare service released its first-quarter results and announced it would likely not reach Wall Street's expectations for the...
