CBT News | Automotive Industry | Dealership News
WEBSep 30, 2024 — Ford saw a modest 0.7% increase in sales, while Stellantis reported a sharp 20% decline, underscoring the disparity in market performance. Ford’s third quarter U.S. sales reached 504,039 vehicles, a slight rise from 500,504 in the same period last year. The company’s flagship F-Series trucks saw a 4% sales boost, and its affordable compact ...
CBT News hires CNN news anchor Shyann Malone
WEBATLANTA, Georgia (August 1, 2023) — CBT News, retail automotive’s No. 1 source for news, in-depth interviews and updates, today welcomed CNN newscaster Shyann Malone to the anchor team. A veteran journalist, Malone enhances the platform’s programming with her expertise in broadcasting and furthers the company’s commitment to connect dealers with insights from experts, leaders and analysts.
4 tips for car dealers when onboarding new auto technicians - CBT …
WEBNov 15, 2023 — During the guided tour, you want to point out any areas that are listed explicitly in the process mapping. 4. Give Them a Mentor. Over the first few days and weeks, the new technician is going to need help figuring things out. Even when there’s a shortage of auto technicians at the dealership, you can’t skimp on this step.
Federal Reserve maintains interest rates, keeping vehicle financing ...
WEBBy Jaelyn Campbell. August 1, 2024. 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 future inflation. This decision, however, continues to leave consumers facing higher interest rates on financed purchases, including vehicles.
CDK Global responds to cyber attacks, provides dealer support
WEBBy CBT News. June 22, 2024. The ongoing cyber attack on CDK Global underscores the growing complexity and impact of cybersecurity threats on businesses. As part of CDK Global’s ongoing response, the company has created a Dealer Resource Center (DRC) to help dealerships maintain operations while their systems are being recovered.
Emerging trends in the automotive industry: Predictions for the …
WEBAug 13, 2024 — Conclusion. The second half of 2024 will be pivotal for the automotive industry, with advancements in autonomous driving technology, the growth of EV infrastructure, changing consumer preferences, and the impact of global economic conditions shaping its trajectory. For industry professionals, staying adaptable and embracing innovation is vital ...
CDK Global cyberattack disrupts operations at 15,000 dealerships
WEBBy CBT News. June 20, 2024. CDK Global, a major software provider to auto dealerships in the U.S., has been hacked, forcing the company to shut down most of its systems temporarily. This cyberattack effectively halted sales operations at approximately 15,000 car dealerships, including those under General Motors, Group 1 Automotive, and Holman.
CDK Global progresses cyberattack recovery with key dealers back …
WEBJul 1, 2024 — CDK Global made significant strides in its cyberattack recovery efforts, bringing a second small group of dealer customers and a major public dealership group back online on June 27. The company is adopting a phased approach to restore its systems, ensuring gradual and secure reintegration. In a …
CDK Global confirms no data breach in June cyberattacks - CBT …
WEBAug 27, 2024 — CDK Global, a leading provider of dealership management systems, has confirmed that the cyberattacks in June that led to the shutdown of its systems across North America did not result in the theft of dealership employee or consumer data. After third-party experts conducted a thorough review, CDK reported that there was no compromise of personally identifiable information, meaning dealerships ...
Automotive Marketing - CBT News
WEBUnlocking generational marketing: Strategies for dealerships to connect with diverse audiences. CBT News - August 8, 2024.