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UAW presses for strike, EV study reveals low satisfaction rates, new car affordability improves

Inside Automotive 

Jennifer Torres joins Inside Automotive to discuss how used car dealers can easily purchase inventory with a private listing platform.Used car dealers accelerating acqusitions with private listing platforms — Jennifer Torres | Vettx
As consumers hold onto their vehicles for longer periods of time, used car dealers are looking for alternatives to trade-ins and auctions to keep their inventories stocked. One such alternative is Vettx, a platform that aggregates private party listings from a variety of sources, including Facebook, AutoTrade, Craigslist and CarGurus. On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Jennifer Torres, spokesperson for Vettx, to discuss how the company’s software speeds up the acquisition process and helps retailers stay up-to-date on the constantly changing market. Watch the full segment here.

Top stories

The United Auto Workers are getting ready to step up their fight to meet their demands at the negotiating table with one month left before their contracts with the Big Three expire.
UAW President Shawn Fain

The United Auto Workers are getting ready to step up their fight to meet their demands at the negotiating table with one month left before their contracts with the Big Three expire. UAW President Shawn Fain stated on August 16 that the union would take strike authorization votes the next week before the contracts expire on September 14. Fain cited what the union described as a “slow pace of negotiations” with Stellantis, General Motors, and Ford. Read More

Electric vehicle adoption could be stymied by a lack of charging infrastructure and low customer satisfaction scores.Electric vehicle adoption could be stymied by a lack of charging infrastructure and low customer satisfaction scores, according to a new study by J.D. Power. In the company’s Electric Vehicle Experience Public Charging Study, customer satisfaction scores for nearly all aspects of EV chargers declined from the previous year. J.D. Power’s research analyzed consumer experiences with both DC fast chargers (capable of charging most models in less than an hour) and Level 2 chargers (capable of charging most models over multiple hours). Read More

General Motors has revealed it's investing in a Silicon Valley firm to assist it in accelerating the development of more affordable battery chemistry for its future EVs.
Mitra Chem CEO Vivas Kumar

General Motors has revealed it’s investing in a Silicon Valley firm to assist it in accelerating the development of more affordable battery chemistry for its future EVs. GM will lead a $60 million investment in Mitra Chem, a two-year-old Mountain View, California-based firm that utilizes artificial intelligence to expedite the development of lithium-ion battery materials. Read More

Purchasing a new vehicle became easier in July, according to Cox Automotive, as the post-pandemic car market continue to normalize.Purchasing a new vehicle became easier in July, according to Cox Automotive, as the post-pandemic car market normalized under growing inventory and more incentives. After seeing marginal increases throughout the year, affordability continued to improve. Although new vehicle prices rose slightly from June, average monthly car payments dropped by $9 or 0.9% to $762 in July. Read More

For Dealers 

The declining brand loyalty statistics are more than numbers; they reflect profound shifts and challenges within the automotive industry.Opinion | We need to address declining brand loyalty in the EV era
The latest results from the 27th annual Automotive Loyalty Awards by S&P Global Mobility present a concerning trend for traditional automakers. Brand loyalty has steadily dropped, declining from 54.6% in 2019 to 50.2% in 2022. This downward trend points to a much deeper dilemma, prompting the thoughtful to question the industry’s trajectory. Let’s look at some reasons that may be denting loyalty. Read More

online
To help improve the used car shopping experience, 25-year-old structures engineer Arnold Kadiu and his colleague, 24-year-old autonomous vehicle engineer Leda Daehler, worked with Ford’s incubator Ford X to create Find Your Ford, a website for customers looking for their perfect used Ford vehicle

Tips and tricks for creating topnotch merchandising photos
I don’t feel like I am overstating anything when I say that photos are extremely important when trying to showcase a vehicle for sale on your dealership website. We’ll explain why photos are one of the most crucial elements of new and used automotive marketing, and offer some tips about how to improve your vehicle photos. Read More

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Jaelyn Campbell
Jaelyn Campbell
Jaelyn Campbell is a staff writer/reporter for CBT News. She is a recent honors cum laude graduate with a BFA in Mass Media from Valdosta State University. Jaelyn is an enthusiastic creator with more than four years of experience in corporate communications, editing, broadcasting, and writing. Her articles in The Spectator, her hometown newspaper, changed how people perceive virtual reality. She connects her readers to the facts while providing them a voice to understand the challenges of being an entrepreneur in the digital world.

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