CBT News | Automotive Industry | Dealership News
NEW ORLEANS, LA - January 23rd, 2025 – eLEND Solutions today announced at the 2025 NADA Show that it has blocked over one billion dollars in potential vehicle purchase fraud in 2024 through its Identity Solutions, representing over 30,000 red-flagged driver license scans.
What’s next in mobility? Highlights from CES 2025
Jan 10, 2025 · Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the industry. I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us. I was out at CES in Las Vegas this week, and it was an amazing few days immersed in automotive and mobility technologies.
David Kain on leveraging technology and AI to improve customer ...
Jan 1, 2025 · With Christmas behind us, all eyes are on the new year and the new goals that await us. But before we jump into 2025, it’s important to look back and reflect on 2024. In today’s episode of Inside Automotive, David Kain, senior advisor and auto industry expert at NCM Associates, joins us to share ...
Protect dealership profits and CSI through strategic surcharging
Jan 13, 2025 · Credit card processing fees can accumulate quickly and are often one of a dealership’s most significant but overlooked expenses. However, with more buyers becoming cashless and opting for the convenience of credit card payments, what steps can dealers take to ease the burden? In today’s episode ...
Maximizing marketing ROI: How dealers can align strategies for …
Dec 17, 2024 · As dealerships look ahead to 2025, aligning marketing strategies with measurable outcomes has never been more critical. In today’s episode of Inside Automotive, Durran Cage, founder of Cage Automotive, shares essential insights on maximizing marketing ROI, the importance of data-driven decision-making, and the role of customer engagement in shaping future marketing efforts.
Auto dealers' 2025 outlook brightens as optimism surges post …
Dec 12, 2024 · The Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) revealed a shift in dealer outlook. Throughout 2024, political uncertainty surrounding the U.S. presidential election dampened dealer optimism. Jonathan Smoke, chief economist at Cox Automotive, notes that with the election resolved and the possibility of supportive measures like tax rebates and lower interest rates, dealers are more ...
Car dealers face 2025 head-on - cbtnews.com
Jan 16, 2025 · The automotive retail industry is returning to a pace and rhythm that once led to sales of over 17 million new car units a year. Today’s totals may not be that high, but inventories and incentives are catching up to historic norms. And most importantly, shoppers are coming back to the dealership ...
VW workers plan second wave of walkouts as negotiations continue
Dec 6, 2024 · As tensions between labor leaders and management escalate over cost-cutting measures, Volkswagen (VW) workers are preparing for a second wave of walkouts across the company’s German plants on December 9. The impending strike, which will include four-hour walkouts at nine different sites, follows an initial round of strikes on December 2, marking a significant escalation in the dispute.
Lindsay Automotive Group sued for deceptive practices, …
Jan 3, 2025 · The Federal Trade Commission (FTC) and Maryland Attorney General have filed charges against Lindsay Automotive Group, accusing the company of systematically deceiving car-buying consumers with false advertising, inflated costs, and unwanted add-on products. These practices allegedly cost buyers millions of dollars over several years. According to the complaint, Lindsay Automotive Group- which ...
NHTSA investigates nearly 878,000 GM vehicles over potential …
Jan 17, 2025 · The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into 877,710 General Motors (GM) vehicles due to reports of engine failures in several popular models: the Chevrolet Silverado, GMC Sierra, Chevrolet Tahoe, Chevrolet Suburban, GMC Yukon, and Cadillac Escalade, all equipped with the L87 V8 engine from the 2019 to 2024 model years.