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Car buyer satisfaction surges, Fain presses on with unionization efforts, FTC holds virtual meeting for new CARS rule

Inside Automotive 

On today’s Inside Automotive, we’re joined by Matt Bowers to discuss the new volume and other business happening for the Group.Dealer Matt Bowers on navigating the EV market and improving customer experiences
Dealers are seeing more inventory- meaning their lots are filling back up. In fact, the Matt Bowers Auto Group, based near New Orleans, Louisiana, has had several stores lead their markets in a new volume in May. On today’s Inside Automotive, we’re joined by Matt Bowers, Owner of Matt Bowers Auto Group, to discuss how his auto group is navigating a post-COVID world. Watch the full segment here

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Shoppers rated their car buying experience more highly in 2023 than in 2022, reversing course after two consecutive years of declines.Consumers expressed higher levels of satisfaction with the car buying experience in 2023 than the year before, as dealers continue to accommodate evolving shopper preferences with better technology and more convenient processes. Burdened by the onset of digitization, inventory constraints, and other headwinds, the retail automotive sector found it difficult to provide a high-quality car buying experience in the post-pandemic economy. Read More

UAW President Shawn Fain condemned Stellantis for terminating 539 temporary workers, calling it "heinous" and "shameful."During a recent Facebook livestreaming event, President of the United Auto Workers (UAW), Shawn Fain, referred to Stellantis’ recent decision to terminate roughly 539 temporary workers as “heinous” and “shameful,” pledging to retaliate and defend those workers. Fain continued to criticize the automaker claiming that “Stellantis can afford to do the right thing here and provide a pathway to full-time good auto jobs.” Read More

The FTC is hosting an open meeting to hear statements from the public on the upcoming CARS rule, targeting scams and junk fees in auto sales.The Federal Trade Commission (FTC) is scheduled to discuss the Combating Auto Retail Scams (CARS) Rule in a virtual open meeting scheduled for 11 a.m. EST, Thursday, January 18, 2024. Prior to agency staff delivering a presentation on the CARS rule, citizens who signed up through an online form will have two minutes each to make comments on the new auto-retailing law. Read More

The ODI of the NHTSA has released a notice stating that it's investigating Fisker's Ocean SUV for a lack of braking performance.
Fisker Founder, Henrik Fisker

The Office of Defects Investigation (ODI) of the National Highway Traffic Safety Administration (NHTSA) has released a notice stating that it’s investigating Fisker’s Ocean SUV for a lack of braking performance. The organization is currently concentrating on nine complaints regarding the matter, one of which had a collision with an unidentified injury. 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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