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Fain urges political activism, USPS launches charging network, new Chevy Equinox

Inside Automotive

Adam Marburger joins Inside Automotive to discuss the latest F&I trends impacting retail automotive in 2024.Training your F&I team for success — Adam Marburger | Ascent Dealer Services
The F&I business remains an important aspect of automotive retail in 2024, serving to boost profits and keep customers happy. However, given the tumultuous experiences of the last four years, it should surprise no one that many dealers are wondering if the old methods of F&I management work in today’s market. On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Adam Marburger, president and CEO of Ascent Dealer Services. Watch full segment here.

Top Stories

The UAW's goal is to secure pensions and healthcare for all 146,000 auto workers. But, it remains unfulfilled.Shawn Fain, President of the United Auto Workers (UAW), called for the government to ensure pension security for workers if corporations don’t pay won’t for them. The comments were made at the UAW’s National Community Action Program Conference in Washington, D.C. Hundreds of UAW members had gathered there to discuss policy and do activism workshops for the upcoming election. Read More

The USPS plans to spend about $9.6 billion on electric vehicles and charging infrastructure over the next four years.The United States Postal Service (USPS) announced its purchase of thousands of Ford-produced battery-powered vans shortly after unveiling its first electric vehicle charging stations. Both moves are part of a four-year strategy to improve the efficiency of and cut emissions from USPS operations. By 2028, the agency plans to acquire more than 66,000 EVs and build a network of 14,000 charging stations across the U.S., using approximately $9.6 billion in funds. Read More

General Motors has revealed a modernized Chevrolet Equinox SUV with more external customization options and a re-vamped interior.General Motors has revealed an upgraded version of its Chevrolet Equinox SUV with modernized technology and a re-imagined design. The 2025 Equinox, slated to arrive later this year, features a more rugged, outdoors-ey aesthetic than previous iterations while measuring 2.3 inches wider than the 2024 model. “This generation of Equinox has taken on a broad-shouldered, athletic appearance that conveys confidence and versatility,” commented Chevy executive design director Phil Zak in a press release. Read More

For Dealers

With Vroom bowing out of the used car business, other digital car retailers are likely to see a new wave of uncertainty take hold.Exclusive: auto industry veteran Marc Cannon on Vroom’s exit from online used car operations
Online used car retailer Vroom is shutting down its digital retail business following a struggle to raise funds in an increasingly competitive environment. Joining us today on CBT Now to share his expert insights into the matter is Marc Cannon, Former Chief Customer Experience Officer at AutoNation. Launched in 2013, the eCommerce brand Vroom, once rivaled other major online dealership platforms such as Carvana and boasted an initial market valuation of roughly $2.5 billion. Watch full segment here.

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CBT News
For over 11 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 market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

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