Chip Shortage: Biden Administration Reports Relief On Its Way
Manufacturers are entering commitments to produce more automotive-grade chips for automotive manufacturers that have idled production amid the shortage.
July 22, 2021
Manufacturers are entering commitments to produce more automotive-grade chips for automotive manufacturers that have idled production amid the shortage.
July 22, 2021
Used wholesale and retail prices are starting to stabilize in July (although at a remarkably high plateau), but new car sales are still on a rollercoaster as the chip shortage is finally showing up in the new sales numbers.
July 20, 2021
AutoNation predicts demand for new vehicles will continue into next year, as low-interest rates and robust demand helped the retailer boost quarterly earnings estimates.
July 20, 2021
A Trump-era USMCA interpretation could subject used vehicles shipped to the U.S. to import fees.
July 20, 2021
The frenzied sales fever that pushed new car sales to record heights is cooling, with demand for pre-owned vehicles returning to more normal levels.
July 15, 2021
Lexus and Subaru rank highest for third consecutive year.
July 15, 2021
High demand coupled with low inventory has spurred consumers to order the vehicle they want.
July 14, 2021
Wholesale values continue to decline after a monstrous 22-consecutive weeks of gains; however, sales conversion rates were also down last week. We anticipate that dealers will begin gradually and moderately reducing their floors.
July 13, 2021
The June Retention Index increased again, although at the slower rate, and broke yet another record, reaching 166.0 points.
July 9, 2021
As auto loans and credit apps rise, it appears Americans are more willing to take on debt.
July 8, 2021
A proposal that gives higher EV tax credits to union shops has caused controversy over preferential treatment for EV incentives.
July 7, 2021
Wholesale values are finally starting to simmer down but make no mistake, supply channels haven’t been restored and the market remains strong.
July 6, 2021
Toyota saw sales rise to 840,303 units in May, led by swiftly recovering demand in North America.
June 30, 2021
Another week of gains for the exceptionally strong wholesale market; however, that pace has slowed tremendously.
June 29, 2021
TransUnion study finds borrowers used auto loan deferments as a safety net during the COVID-19 crisis.
June 29, 2021
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