Incomplete-Car Inventory Should Be Eliminated
Ford, GM say they’ll ship unfinished vehicles by year’s end as supply issue eases.
Tens of thousands of unfinished GM and Ford cars would move to dealers after the installation of long-awaited parts.
IMAGE: Getty Images/AvigatorPhotographer
Ford and General Motors say they’ll eliminate a backlog of unfinished vehicles by the end of the year as the flow of microchip parts loosens somewhat, Automotive News reported.
The carmakers have been holding on to tens of thousands of vehicles missing some hard-to-get parts. Ford is further behind on that front than GM.
They plan to install the missing parts and ship the vehicles to dealers this fall.
The news buoyed GM’s financial results in the third quarter, when its profit rose 37% year-over-year to $3.3 billion.
Ford’s quarter went in the opposite direction. It lost $827 million as costs for parts and materials increased and it and partner Volkswagen Group announced plans to end self-driving technology business Argo AI. Ford will instead focus on driver-assistance technology.
Microchip supply constraints that resulted from the Covid pandemic have stymied carmakers around the world, leading to inventory shortages.
Originally posted on Auto Dealer Today
More Showroom
Focus on Vehicle Cabins
The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.
Read More →
State Follows Federal Warning on Auto Ads
The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.
Read More →
European EV Market Hits Record
Seven out of the top 10 electric vehicles sold so far in 2026 in Europe are by European brands, and automakers are seeing the power train fill up their order books.
Read More →
Used EVs Outpace New
While North American electric-vehicle sales remain down year-over-year, May sales saw a 3% increase from April’s numbers as used EVs led the market.
Read More →
New Vehicles Down for Most Brands
Healthy May sales cut into inventory as automakers kept a tight reign on supply, though some brands ended the month with excess units on the ground.
Read More →
Auto Prices Ride May Moderation
Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.
Read More →
Mitsubishi Sets Growth Strategy, Structural Transformation
The Japanese automaker aims to 'strengthen products and technologies that embody its brand identity,' focus on its strongest markets and expand value-chain businesses 'that leverage its unique strengths.'
Read More →
Affordable, Safe Cars for Teen Drivers
Families looking to balance affordability and safety in vehicles for their teen drivers can look to the updated list of recommended vehicles by IIHS and Consumer Reports.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
Holman Opens Porsche Dealership in Miami
The North Miami store features the brand’s signature Destination Porsche design concept, combining contemporary architecture and technology to create what the auto group calls an ultra-luxury experience.
Read More →