CBT News

Trump’s return to presidency could significantly influence the United States chip strategy #AutoIndustry #Semiconductors #ChipsAct2022 #TrumpAdministration #ChipProduction #SupplyChain #Taiwan #China

Hyundai unveils their all-new 2026 IONIQ 9 electric SUV ?? #HyundaiIONIQ9 #ElectricSUV #Ioniq9 #Hyundai #Electric #electricvehicles #EV

Michael Lucki, GM & Operating Partner at Riverhead Mazda, talks about his experience working as an instructor at the National Automobile Dealers Association (NADA) Academy. #NADA #Leadership #Automotive #Dealership

In November 2023, Michael Lucki took on the challenge of transforming Riverhead Mazda from the ground up. Under his leadership, the dealership has achieved a 400% increase in sales compared to the previous ownership, consistently delivering exceptional customer experiences. Watch more here: https://lnkd.in/eqbr3vPE

Ford to relocate 400 workers amid declining Bronco sales and production adjustments #FordBronco #MichiganAssemblyPlant #FordProductionChanges #AutoIndustryUpdates #Ford #Bronco

Karl Brauer highlights that the EV market has also contributed to the declining used car pricing. Used EVs, previously slow sellers, are selling faster due to dramatic price reductions. The average EV costs between $26,000 and $27,000, roughly $6,000 less than its combustion engine counterparts. #EVs #ElectricCars #UsedEVs #Automotive #Dealership

Today, the average price of a used car is around?$32,000, which is down about 4.7% year over year. However, these prices are still well above pre-pandemic levels. Karl Brauer, Executive Analyst at iSeeCars, joins us to talk about consumer affordability and access in the market. #Affordability #UsedCars #Automotive #Dealership #CarSales

Ken and Kenny Cook, the father-and-son duo behind?BZ Automotive Group, share their insights into training, culture, and perseverance in business leadership and personal growth. #DailyMeeting #MorningRoutine #TrainingProcess #OutboundCalls #Routine

Wholesale used vehicle prices rose 1.6% in early November, with the Manheim Used Vehicle Value Index hitting 206.1 (+0.5% from November 2023). Key drivers include: ? Increased Dealer Demand: Higher sales conversion rates (59.9%, up 3 points). ? Market Segments: SUVs led monthly gains (+1.7%), while midsize cars gained 1% year-over-year. EVs showed high depreciation (-11% YoY). ? Inventory Trends: Wholesale supply fell to 27 days (-1 day YoY). Stronger consumer sentiment (+3.5% MoM) and better buying conditions are boosting market activity. #UsedCars #AutoMarket #VehiclePricing

Purchasing a Vintage Bronco is done online or at the factory. Customers can visit their website or their Instagram account to get in touch, see available vehicles, and use the online configurator to custom build their own Bronco with pricing and options. #CarRestoration #ModernRestoration #VintageStyle #NewTechnology #Bronco #VintageBronco?