Chevy Relaunches Bolt EVs After Recall With 2 Ads
Chevy expects ad spending to exceed all other nameplates except the Silverado.
New York International Auto Show Returns, Focuses On EVs
Automakers are gearing up for the first New York auto show in three years at the fully expanded Jacob K. Javits Convention Center.
March U.S. Light-Vehicle Inventory Gain Signals Continued But Gradual Improvement to Sales
Inventory is forecast to rise by the end of the second quarter, meaning sales in the 3-month period will improve on Q1’s 14.0-million-unit annualized rate.
The Latest Numbers on the Microchip Shortage: Bigger Toll on North America, Europe
Auto factories in North America and Europe continue to rack up more lost production because of the lingering global microchip shortage, now well into its second year.
GM, Ford To Idle Two Michigan Assembly Plants Next Week
GM will cancel production at the Lansing Grand River Assembly plant for supply chain issues; Ford will idle the Flat Rock Assembly plant due to the global microchip shortage.
EV Buyers Are Facing Extended Wait Times
Interest in electric vehicles (EVs) is growing, but buyers often face lengthy waitlists and reservation processes, according to Strong Automotive Merchandising.
Tight Supplies, Cloudy Outlook to Dent March, Q1 Sales
LMC, Cox Automotive cut 2022 U.S. sales forecast to 15.3 million from around 16 million.
The Latest Numbers on the Microchip Shortage: 96,300 More Vehicles Knocked Out
Another 96,300 units were removed from production schedules over the past week due to the microchip shortage as the supply crisis continues to hamper production of even top-selling models.
Car Buyers Shun Leases as Deals, Vehicles Vanish
With fewer new cars available to sell than in the past, auto dealers nationwide are trying to squeeze more profit from the ones they do have on their lots — prompting a sharp slump in leasing deals.
High Gas Prices Have Shoppers Thinking Electric
With gasoline prices setting records across the U.S. and oil topping $100 a barrel, consumer interest in electric vehicles and other clean energy technologies is speeding up, The Wall Street Journal reports.
March Auto Sales Facing Headwinds
U.S. auto retail sales could decline in March as rising
inflation hinders spending by customers already limited by
slim inventories due to pandemic-led supply shortages, and
now the Ukraine crisis, consultants J.D. Power and LMC
Automotive said.
North America Production Trending Up Despite February Underbuild, Mounting Risks
If current North America production trends hold, new-vehicle availability in the U.S. will increase, including the mix of more affordable models.
EV Shift the Talk of the Town at NADA
One topic was unavoidable at the 2022 NADA Show in Las Vegas: electric vehicles.
Car Dealers Are Optimistic, but Supply Crises, War Spur Concern
Dealers, following a year of soaring profits but scant new-vehicle inventory, expect more of the same in 2022. But a pair of new worries are hindering some outlooks.
Local Dealerships Are the Preferred Place to Buy EVs
Consumers looking to buy EVs are different than the early EV adopters, who were more tech-savvy, cutting-edge and into newness for the sake of newness. However, both groups of potential EV buyers want to buy an EV from a dealership, according to Mike Dovorany, VP of Automotive and Mobility at Escalant.
DigiCAP, LG Electronics & Pearl TV Conduct First Public Test Of US Automotive Mobile NRT Data Handoff Between Two ATSC 3.0 Stations
In a test car, LG Electronics installed a system to receive and display ATSC 3.0 signals on a rear-seat entertainment TV. As the car traveled between the signal coverage of WKAR Lansing, Mich., and WMYD Detroit, the NRT handoff technology succeeded in keeping a steady TV signal on the receiver.
Auto TV Spending Jumps 154% Vs. a Year Ago
Automakers spent an estimated $503.9 million in February, up a whopping 154% from February 2021 ($198.1 million) thanks largely to the Winter Olympics, per iSpot.tv.
How the War in Ukraine Is Impacting the Auto Industry
The crisis in Ukraine has caused disruptions at some auto assembly plants and prompted companies to suspend shipments to Russia.
Dealers Maintain Optimism Heading Into Spring Even as Inventory Shortages Persist
New-vehicle inventory has improved for franchised dealers, and profits remained strong, according to the latest Cox Automotive Dealer Sentiment Index.
Invasion Latest Obstacle for Automakers
Russia’s invasion of Ukraine could reduce global production of new cars and trucks by millions of units this year, according to experts, CNBC reports.