CBT now
Tim Jackson talks about the best automotive innovations at CES 2024
Every year, the world's most powerful technology event, the Consumer Electronics Show (CES), draws thousands of people to see what technology gadgets and products are unveiled. On the latest episode of CBT NOW, Tim Jackson, former president and CEO of the Colorado Automobile Dealers Association, joins us to recap automotive releases.Watch full segment here.
top stories
Stellantis CEO Carlos Tavares defended the company's decision to avoid price cuts in a presentation about its new electric vehicle platform. The comments come on the heels of a year of industry-wide price weakness, ending a seller's market enjoyed by manufacturers during the pandemic and creating a buyer-friendly situation for the time being. read more
The Ioniq 6 is currently the largest electric sedan sold for less than $65,000. The length is 191.1 inches, providing plenty of interior space for passengers. Despite being released in the U.S. less than a year ago, it has become popular for its incredible efficiency and EPA-certified range of up to 361 miles. The automaker is offering him a huge discount of $7,500 across its entire lineup. read more
Market intelligence platform IDTechEx believes that big technology companies could soon dominate the auto business as automakers become increasingly reliant on third-party software and hardware. IDTechEx notes in its “Electric Vehicles: Land, Sea and Air 2024-2044” report that cars are becoming increasingly technologically advanced. The industry is currently transitioning to electric powertrains, while also introducing autonomous driving systems, infotainment suites, and internet connectivity. read more
On January 22nd, Ford shared details about the Ford and Lincoln Digital Experience. This is a new software suite available for the recently launched Nautilus and will soon be added to other vehicles. Car manufacturers developed this in-house operating system in response to a phenomenon in the automotive industry. The fast, highly customizable software also offers in-car apps such as YouTube and Amazon Prime Video. It also significantly improves integration with Apple CarPlay and Android Auto. read more
For dealers
How digital leaderboards can drive dealer performance
From sales to repair operations, dealership teams are unprepared for today's rapidly evolving automotive industry. As has been evident over the last year, prices have fallen, competition has increased and customer preferences have changed. Employees who have become accustomed to the low-pressure environment of the 2020-2022 pandemic-era economy are in for a bitter awakening as sustaining success becomes increasingly difficult. To prepare departments for the upcoming challenges, dealers must increase accountability, motivate staff members, and improve transparency at all levels of the business. read more
