CBT 09/20/23 Newsletter
Today's top automotive industry headlines with Shyann Malone .
The United Auto Workers union has threatened to expand the scope of its ongoing strike if no headway is made in contract negotiations with Detroit automakers before Friday, September 22. (LEARN MORE)
Former president and current GOP candidate Donald Trump plans to address United Auto Workers members in lieu of joining his fellow Republican candidates at the upcoming primary debate on September 27. (LEARN MORE)
Where does Tesla fit in the UAW's strike against the Detroit 3?
After months of negotiations with Ford, GM, and? Stellantis over new worker contracts, the UAW began its first wave of targeted strikes last week. The Detroit 3 are adamant that giving in to the union’s requests for 40% pay raises and shorter work weeks would be disastrous for their labor expenditures. (LEARN MORE)
The Rick Case Automotive Group represented all South Florida Hyundai dealerships when the Joe DiMaggio Children’s Hospital Foundation and Anne Schaefer, M.D., pediatric hematologist and oncologist, received a $100,000 Hyundai Impact Award from Hyundai Hope On Wheels and the South Florida Hyundai Dealers Association.?(LEARN MORE)
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With inventory on the rise and the first used electric vehicles going on sale, dealers will need to pay close attention in the coming months to stay on top of emerging trends in preowned retail. On?Inside Automotive,?Danny Zaslavsky, managing partner of Country Hill Motors and co-founder of VINCUE, shares his insights into the used car market and what retailers should expect to see in the coming months.
As the internet becomes an essential part of the automotive retail process, dealers must rely?on digital solutions to drive sales and efficiency.?J.D. Power has released a new tool called Darwin that helps?retailers gain more insight than ever into their customers' car-buying journeys. On Driving Solutions,?Ted Rubin, CEO of ActivEngage, a people-powered messaging solution for car dealerships, and Phillip Battista , president of J.D. Power Dealership Technologies and Modern Retailing, join?to discuss?Darwin and what it can do for retailers as the industry enters the final quarter of 2023.
Drive your dealership sales to new heights: The power of ongoing training
Often, the salesperson is the first voice of the dealership and will make or break anything that comes after that contact. So, with the industry changing and transitioning to EVs and a more online-focused relationship, dealership salespeople should stay sharp and up to date with industry developments, trends, and customer preferences. In this environment, ongoing training is not a luxury but an essential component of every dealership's long-term success. So, sales managers and owners, listen up: it's time to put your sales team on the fast track to success with continuous learning and skill development.
In the ever-changing world of car sales, dealership mergers and acquisitions aren't just business as usual—they're game changers. Driven by shifts in market demands, generational legacies, and the simple desire to grow, these deals can turn the page on a dealership's story or start a brand new chapter. Below, are some buy-sell deals from the past few weeks.
CBT Cartoon of the Day