Tag: automotive industry
Weekly roundup: UAW endorses Harris, Fed keeps rates high, EVs secure...
Earlier this week: UAW endorsed Kamala Harris for president, the Federal Reserve maintains interest rates, in the 2024 market outlook report, EVs secure a...
Group 1 Automotive’s U.K. acquisition projected to generate $2.7 billion
Group 1 Automotive, a Fortune 250 automotive retailer, has significantly expanded its U.K. footprint by acquiring Inchcape Retail's (IR) automotive operations, which include 54...
UAW endorses Kamala Harris for president, bolstering campaign in Michigan
The United Auto Workers (UAW) union endorsed Vice President Kamala Harris for U.S. president on Wednesday, a move expected to strengthen Harris’s campaign in...
BMW’s Q2 profitability slightly below expectations amid intense competition in China
BMW's key automotive unit reported slightly lower-than-forecast profitability in the second quarter, impacted by heightened competition and weaker consumer sentiment in China. The German...
Federal Reserve maintains interest rates, keeping vehicle financing costs high
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...
How dealers can capitalize on the current buy/sell market – Todd Berko...
With the current buzz around the great buy/sell market, many are eager to capitalize on this trend, but how? Joining us on the latest...
Joe St. John on merging martial arts discipline with F&I excellence
In the latest episode of Training Camp with Adam Marburger on CBT News, we're thrilled to welcome Joe St. John, head of digital retail at Autofi, who...
Cutting-edge automotive marketing strategies to boost dealership profitability
There’s just no denying the fact that the automotive industry is more competitive today than ever before.
To succeed, dealerships must adopt a digital marketing...
U.S. July new vehicle sales forecast shows recovery post-software outage
The latest forecast from Cox Automotive suggests a notable bounce-back in U.S. new-vehicle sales for July, following a widespread software outage that affected sales...
Impel acquires Outsell in $100 million deal to enhance automotive AI...
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the...
