Toyota, Hyundai, Kia Post Higher September Sales
Monthly U.S. auto sales have been stuck at around 1.1 million since August 2021 as automakers grapple with supply-chain problems, notably a shortage of microchips, Automotive News.
Toyota, Hyundai Post Sept. Gains; Gm Surges, Stellantis and Nissan Slip in Q3
Monthly U.S. auto sales have been stuck at around 1.1 million since August 2021 as automakers grapple with supply chain problems, notably a shortage of microchips.
Stellantis CEO Tavares: Chip Crunch To Continue Through 2023
Stellantis CEO Carlos Tavares says the semiconductor supply situation could begin to ease only toward the end of 2023.
Auto Sales to Stall as Demand Recedes
U.S. light-vehicle sales remain in lower gear as Q3 winds
down, while slumping consumer sentiment threatens a
further downshift, Automotive News reports.
Auto Inventory Improves in Sept
The limited supply of new cars and trucks continues to limit U.S. auto sales, but sales are expected to be up about 9% for the month of September vs. September 2021, according to the latest forecast from S&P Global Mobility.
Record Shipping Costs Add to Automotive Supply Chain Woes
A stagnating vessel fleet alongside a steady recovery in demand since the nadir of Covid-19 has now spurred record rates for ships that each carry as many as 6,500 cars across the globe.
NADA: Demand for New, Used Autos Strong
2022 is shaping up to be another good year for the nation’s new-vehicle retailers, according to dealership financial data from the National Automobile Dealers Association through the first half of the year.
Toyota Cuts Production Plan Again on Ongoing Chip Shortage
Toyota cuts its production plan by 100,000 in October as chip shortages continue.
The Latest Numbers on the Microchip Shortage: N.A., China Lose Output
Automakers just cut an additional 47,800 vehicles from their global production schedule due to microchip shortages.
Auto Industry Ad Spend Down Through July
U.S. auto industry ad spend for the first seven months of this year fell 4% on a year-over-year basis as inventory shortages crimped sales even as vehicle demand stayed strong, according to Standard Media Index.
2022 Detroit Auto Show Live Updates: Mustang Reveal; Biden Visits
The 2022 North American International Auto Show kicked off Wednesday with a press day caped with a reveal of the seventh-generation Ford Mustang. President Joe Biden also paid a visit to the show floor and touted his domestic EV and battery policy.
Auto Shipments Threatened If Rail Strike Occurs
U.S. railroads are poised to stop shipments of autos, farm products and other key goods starting Thursday as the industry braces for a possible labor strike that could cost the world’s biggest economy more than $2 billion a day.
KBB: New-Auto Prices Up for 5th Straight Month
The average price paid for a new vehicle in the U.S. in August topped July’s record and kept the average transaction price solidly above $48,000, according to Kelley Blue Book. The Cox Automotive company said its new-vehicle ATP increased to $48,301 in August, beating the previous high of $48,080 set in the prior month.
Auto Dealers’ Sentiment Index Falls in Q3
Economic concerns dimmed franchised dealers’ view of the third-quarter market and their expectations for the future, Cox Automotive’s top economist says.
Car Dealers’ Sentiment Dips in Q3 on Concerns About Economy, Inflation
Cox Automotive’s latest Dealer Sentiment Index found car dealers worrying that the year-end vehicle market will worsen.
The Latest Numbers on the Microchip Shortage: Chip Cuts Slam S. America
Automakers cut 32,900 vehicles from their global production plans over the last week as the microchip shortage continues to weigh on vehicle output, according to the latest estimate by AutoForecast Solutions.
Automotive National TV Spending Down 19% In August
Automakers spent an estimated $98.6 million in August on national TV, down 19% from August 2021, according to iSpot.tv.
Hyundai, Kia End Slump With Double-Digit Gains
U.S. auto sales slid again at Toyota Motor and American Honda, while Hyundai and Kia deliveries rose by doubledigits last month vs. August 2021, ending a stretch of five straight monthly declines at the Korean brands as the industry’s chronic inventory shortages slowly ease.
The Latest Numbers on the Microchip Shortage: More Cuts Amid Re-sourcing Push
The chip shortage continues to hammer away at global vehicle production as automakers await additional semiconductor manufacturing capacity to come online.
Auto Prices Squeeze Subprime Borrowers
Consumers with good credit are buying more used vehicles, likely because used vehicles are relatively more available and relatively more affordable than new ones, says a new report from Experian Automotive, on Q2 auto finance.