Tag: automotive industry trends
May sees a decline in wholesale used-vehicle prices amid seasonal trends
In May, wholesale used-vehicle prices experienced a notable decrease, according to the Manheim Used Vehicle Value Index (MUVVI), which fell to 197.3, marking a...
FADA President Ted Smith discusses challenges and advocacy efforts for 2024-2025
As you know, dealer state associations tirelessly advocate for their members. In response to recent challenges to franchise laws, the Florida Automobile Dealers Association...
How a new car dealership service drive can dominate: Key areas...
The automotive marketplace constantly evolves, and franchised new car dealerships must adapt to stay competitive. One of the most crucial aspects of a dealership's...
Chevy Blazer EV leases now offer unprecedented value for shoppers
Chevy Blazer shoppers have a compelling reason to consider upgrading to the new 2024 Chevy Blazer EV this month. Based on dealer incentive bulletins,...
Rivian redesigns R1 models to enhance range, performance, and computing power
Rivian has unveiled redesigned versions of its all-electric R1 pickup and SUV models, the R1T and R1S, featuring improved range, performance, and computing power...
Hertz sells Tesla’s fleet amid the slowing EV market
Hertz Global Holdings has put 20,000 electric vehicles from its global fleet, including nearly a third of its existing EV inventory, up for sale....
How the surge in hybrids reflects the growing consumer interest in...
Hybrids are taking center stage. In fact, according to Urban Science, HEV sales surged the most among all electrified powertrains. In today's episode of...
Legacy automakers struggle with EV transition, hybrids offer profitability amid uncertainty
Welcome back to the latest episode of the Future of Automotive on CBT News, where we put recent automotive and mobility news into the...
Weekly roundup: Sen Joe Manchin urges U.S. companies to sue Treasury,...
Earlier this week: Senator Joe Machin urges U.S. companies to sue the treasury over the clean energy tax credit. Ford restores its historic Detriot...
The Importance of Assumptive Communication in Automotive Dealerships
In the fast-paced, exciting world of automotive service, the role of service advisors is crucial! They bridge the gap between technical solutions and customer...