Inside Automotive
How new vehicles are trending in today’s market – Brian Moody | AutoTrader
The average transaction price of a new vehicle has increased since last year, but not by much. Could this be the incentive and relief consumers are looking for? On today’s episode of Inside Automotive, Brian Moody, Executive Editor at Autotrader, joins us to share insights on the latest data from Cox Automotive. Watch the full segment here
Top stories
The United Auto Workers (UAW) union and Detroit-Three automakers have made slight progress toward negotiating a contract before current agreements expire in just two days on September 14. United Auto Workers has now rejected all initial offers from Ford, Stellantis and General Motors and is currently negotiating through multiple counterproposals. Read More
Two of Volkswagen’s premium brands, Porsche and Audi, are issuing recalls for versions of their 2023 EVs, including the Taycan and e-tron GT. Due to a lack of battery sealant, nearly 7,000 EVs have been affected because it could allow liquid to seep through and cause a fire. Although there haven’t been any reported fires, the manufacturers are nonetheless issuing recalls out of a sense of caution. Read More
Toyota and FuelCell Energy have completed what they call the world’s first “tri-gen system,” a power generator capable of producing renewable electricity, hydrogen and water. In a press release, the automaker revealed it had installed the new system at its Port of Long Beach facility, making it the first site of its kind to generate its own fully renewable electricity. The manufacturer has signed a 20-year deal with FuelCell Energy to continue using the “tri-gen” system for its operations at the plant. Read More
BMW owners may now enjoy the comfort of a warming backside throughout the chilly winter months without worrying about paying an outrageous monthly fee. The company abandoned its proposal to charge customers $18 a month for heated seats after they objected to paying more to use their cars’ built-in features. Read More
For Dealers
Vehicle sales are cooling off. Is this ad platform the solution?
In the ever-evolving landscape of automotive sales, dealers constantly seek innovative ways to reverse sales slumps and attract potential buyers. And it’s no secret that vehicle sales have leveled out in many parts of the country. According to a report by Automotive News, dealers have nearly two million new cars sitting on their lots. And despite a strong start to 2023, Cox Automotive expects a slowdown in the second half of the year due to high prices and tight credit. Read More
Unleashing the power within: innovative strategies for creating an engaged workforce
There’s good and bad news when it comes to dealership employee engagement. According to Cox Automotive’s The State of Dealership Staffing report, released in 2021, 67% of dealers said motivating and retaining employees was challenging. However, there’s a silver lining: interest in working at dealerships increased 9% between 2019 and 2021 (25% vs. 36%). Read More
