Automotive TV Spending Flattens Out in Jan
With programming and viewing habits stabilizing during the
ongoing pandemic, automotive TV spending in January was
nearly on par with the same month a year ago.
U.S. Car Prices Past Their Peak
The record surge in U.S. auto prices — which helped drive
inflation to a four-decade high — may finally be over, say two
firms that sell cars online.
Ford Idles, Cuts Output at 8 Plants With Chip Supplies Still Tight
Ford warned the ongoing car chip shortage would lead to a decline in first-quarter vehicle production.
Ford Q4 Net Income Surges to $12.3 Billion on Rivian Investment Gain
The automaker finished with its best financial performance since 2016 despite a global microchip shortage that constrained production.
NAPA Auto Parts Appoints New Agencies, Bolsters Senior Marketing Team
Retail cooperative NAPA Auto Parts is refreshing its approach to marketing with the addition of several new agencies and marketing executives. The agency appointments follow reviews that kicked off last October.
No Fast Relief for New-Auto Shortages
It’s likely to be late this year, or even next year, by the time U.S. new-vehicle inventory starts to catch up with demand, according to LMC Automotive.
U.S. Auto Sales Slide 9% In Jan.; SAAR Tallies 15.2 Million
Ford January U.S. sales come in flat; Hyundai rebounds; Honda, Subaru, Toyota, Kia slip again as chip shortage drags on.
GM Profit Drops 39% In Q4 as Chip Shortage Slowed Production
General Motors’ net income plunged 39 percent in the fourth quarter to $1.7 billion as the global microchip shortage continued to hamper production, but the automaker said it achieved a record full-year operating profit and expects to roughly match that performance in 2022.
Electric Vehicle Sales Hit Record in Q4 2021
Despite industry-wide inventory constraints and overall slow new-car sales growth throughout the year, sales of battery-powered electric vehicles (EVs) surged to hit a new record with a strong year-end finish in Q4 2021, according to a new report from Kelley Blue Book.
U.S. Auto Sales Poised To Fall in January
U.S. auto retail sales are expected to dip in January as reduced manufacturing due to the omicron variant, supplychain constraints and global inflation caused prices to soar amid high demand.
January U.S. Light-Vehicle Sales Tracking to 7-Month-High Annualized Rate
First-quarter U.S. sales are forecast to total a 15.2-million annualized rate, highest quarterly total since 16.9 million in Q2-2021, and a significant rebound from Q4-2021’s 12.8 million and Q3-2021’s 13.4 million.
Hyundai Motor Expects Production to Rebound in 2022 as Chip Supply Improves
Hyundai said it expects a 20% sales jump in its biggest market, North America, in 2022.
The Chip Shortage Is Back for Year 2
The industry is not out of the chip shortage woods yet. It won’t find relief for months, experts say.
BMW Returns to the Super Bowl for the First Time Since 2015
The last time the automaker was in the game it plugged its electric vehicles with Katie Couric and Bryant Gumbel.
Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind
Luxury car sales boom as auto makers direct scarce chips toward their most profitable models.
Kia Is Back in the Super Bowl After Skipping the 2021 Game
Kia is the fourth automaker to confirm 2022 in-game ads, following Nissan, Toyota and General Motors – surpassing last year’s total.
Inventory Climbs Up, Back Above 1 Million
The U.S. inventory has risen back above 1 million vehicles for the first time since early August, with domestic brands seeing their stocks recovering at a faster rate than those of Asian and European automakers, according to data compiled by Cox Automotive and the Automotive News Research & Data Center.
U.S. Used-Vehicle Sales Record Set In 2021
Cox Automotive estimated that used-car sales finished 2021 at 40.9 million vehicles — up about 10% over 2020.
Semiconductor Shortage Will Cause U.S. Auto Sales To Climb Just 3.4%
National Automobile Dealers Association’s 2022 outlook says shortages will continue to constrain inventory.
Car Prices Won’t Deter Customers in 2022, EFG Says
Consumers will be able to afford vehicles in 2022 despite rising prices, and their demand means auto dealerships will have a strong year.