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Used vehicle market sees Q2 price declines, Tesla prepares for trial, U.S. auto sales hint slowdown

Inside Automotive 

On today’s edition of Inside Automotive, we’re joined by Adam Robinson, the CEO and Co-Founder of Hireology, to elaborate more on the report and solutions to fill job seekers roles.Four vital factors to consider when trying to meet dealership hiring demands – Adam Robinson | Hireology
Now more than ever, dealerships need help to fill roles and retain top talent, like technicians. But you may be surprised to learn it doesn’t always come down to money for job seekers. Hireology’s State of Automotive Hiring Report found that things other than pay could make all the difference. On today’s edition of Inside Automotive, we’re joined by Adam Robinson, the CEO and Co-Founder of Hireology, to elaborate more on the report and solutions to fill roles. Watch the full segment here.

Top stories

The used vehicle market remained strained by pent-up demand and supply shortages throughout the second quarter.The used vehicle market remained strained by pent-up demand and supply shortages throughout the second quarter, according to research by Edmunds. Since the onset of the COVID pandemic, the preowned segment has seen values fluctuate rapidly. In Q2, used vehicle transaction prices averaged $29,472, a decline of 4.6% from the prior-year period. Read More

For the first time, Tesla will defend itself in court against claims that the Autopilot driver assistance system was the cause of a fatal crash.For the first time, Tesla will defend itself in court against claims that the Autopilot driver assistance system was the cause of a fatal crash. Musk, whose image as an engineering leader is being questioned by plaintiffs in one of two cases who claim that he directly oversees the group behind the failed technology, claims that self-driving capabilities are essential to Tesla’s financial future. Read More

U.S. S&P GlobalAutomotive data provider S&P Global Mobility has reported that while U.S. light vehicle sales are expected to remain steady in August, there are signs of a slowdown. According to Chris Hopson, lead analyst at S&P Global Mobility, “Rising interest rates, credit tightening, and new vehicle pricing levels slowly decelerating remain pressure points for consumers.” Read More

United Auto Workers (UAW) union members have now voted in favor of a strike should negotiations with Detroit-Three car manufacturers fail.United Auto Workers (UAW) union members have now voted in favor of a strike should negotiations with Detroit-Three car manufacturers fail to produce an acceptable contract by their September 14 deadline. The UAW began tallying votes from workers across Stellantis, General Motors and Ford last week under orders from President Shawn Fain. Read More

For Dealers 

The conflict between the UAW and the Detroit 3 is spectacular in its intensity but could also have serious ramifications on the U.S. economy.Opinion | Rethinking the UAW and the Detroit 3 Saga: An Avengers level showdown with real-world stakes
In the Transformers movies, when Optimus Prime clashed with Megatron, or in The Avengers, when our heroes battled the likes of Thanos, the earth-shattering confrontations, while spectacular, always left a trail of devastation in their wake. The unfolding drama between the United Auto Workers (UAW) and the Detroit 3 is not so different—possibly spectacular in its intensity but with ramifications that echo throughout the American economic landscape. This isn’t a mere corporate face-off—it’s an epic clash with some potentially damaging results. Read more

By showcasing your EV knowledge, you can help electric car buyers have a more pleasant and effective experience on your sales floor.What do electric car buyers want to know before the purchase?
The car sales process has changed a lot in the last 15 to 20 years. Cars themselves have changed quite a bit in the same time period. With the introduction of new electric vehicles to many dealerships, has the information electric car buyers want to know – or want from the sales process, changed? We’ll take a look at recent studies and surveys to help you better understand how to make an electric vehicle shoppers’ experience a good one. 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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