News
Car Max shifts to lower-priced vehicles, investors skeptical
1+ day, 15+ hour ago (714+ words) CBT News Car Max pivots to lower-priced vehicles as investors remain skeptical Car Max shares plunge 14% as new CEO unveils bold turnaround strategy amid softening demand pressure - Car Max posted mixed results in Q4, with slight growth but weaker profits, triggering…...
NADA's Mike Stanton rejects "middleman tax" study, defends dealership model amid FTC action
1+ day, 15+ hour ago (332+ words) A study by the International Center for Law & Economics claims that the dealership model adds thousands of dollars to the cost of every vehicle, calling it a "middleman tax." As you can imagine, that's sparking plenty of debate. Joining us…...
Nissan streamlines lineup, focuses on AI-driven future
1+ day, 16+ hour ago (600+ words) On the dash: Nissan targets 1 million U. S. sales by 2030, led by SUVs, Rogue Hybrid e-POWER and the return The post Nissan's future focusing on fewer models, AI technology and more powertrain options appeared first on CBT News. Nissan targets 1 million U. S. sales…...
Tariff refunds applications open, Stellantis Q1 shipments rise, VW halts EV production
1+ day, 19+ hour ago (66+ words) Tariff refund applications open as dealers and importers seek relief under CAPE program. Read More Stellantis reports 12% shipment growth in Q1 as North America and Europe drive gains. Read More Volkswagen faces Q1 charge after halting EV production at Tennessee plant. Read…...
Swickard Auto Group and Reynolds and Reynolds expand partnership with AI-powered curator and engagement solutions
1+ day, 17+ hour ago (184+ words) DAYTON, Ohio / LAS VEGAS, Nev. "April 14, 2026 " Reynolds and Reynolds and Swickard Auto Grouptoday announced an expanded partnership to deploy advanced artificial intelligence tools designed to improve customer engagement, strengthen retention, and drive more consistent communication across Swickard's dealership network. The…...
Slate raises $650 million in series C round
1+ day, 19+ hour ago (812+ words) For over 12 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date…...
Hyundai ends stop-sale of Palisade SUVs, issues recall
1+ day, 22+ hour ago (181+ words) Hyundai resumes sales of select 2026 Palisade models after deploying a software fix that addresses a power-folding third-row seat obstruction-detection issue linked to the recall. Sales of Hyundai's Palisade SUV have resumed after the South Korean automaker ended a stop-sale on…...
Purdy Group USA expands in Bryan, Texas with acquisition of Douglass Mazda and Volkswagen
1+ day, 19+ hour ago (295+ words) For over 12 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date…...
Volkswagen faces Q1 charge after halting EV production at Tennessee plant
1+ day, 22+ hour ago (248+ words) A production pause tied to software and demand challenges is expected to affect earnings as VW adjusts its EV strategy. Volkswagen is expected to record a first-quarter financial charge after halting electric-vehicle production at its Chattanooga, Tennessee, plant, which highlights…...
How AI is transforming dealership fixed ops with breakthrough efficiency
1+ day, 23+ hour ago (872+ words) Fixed operations in automotive dealerships are rapidly shifting as artificial intelligence (AI) and automation replace manual workflows, improving efficiency, customer The post How AI is transforming dealership fixed ops with breakthrough efficiency appeared first on CBT News. Fixed operations in…...