The auto industry is still short semiconductor chips getty By now almost everyone knows that the auto industry is still short semiconductor chips, although the situation seems to be improving. While i...
Tag: Chip shortage
Record Dealer Profits Suggest No Let-Up In High, New-Car Prices
Full lots of cars for sale, like this one at a Volkswagen dealership in New York, are the exception … [+] nowadays. Newsday via Getty Images Some of the nation’s biggest auto dealership groups c...
Auto Inventory A Bit Better; Still Short Of Demand
Ford Motor Co.’s Chicago Assembly Plant Photo: Ford 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 Septem...
Monthly Car Payments Top $1,000 For Many, Edmunds Says
More than 10% of new vehicles financed last month had a monthly payment of $1,000 or more, a record, … [+] according to Edmunds. Getty Images We’re all aware by now, consumers are in a bidding w...
Europe Auto Makers Fight Off Crises But Inflation, Recession, Energy Shock Undermine Prospects
Oil barrels on stack of golden coins. Growth rise of oil stock prices. 3d illustration getty The European automotive industry, buffeted by coronavirus lockdowns, worries about peace after Russian inva...
North America Auto Production Slowly Rebounds: S&P Global Mobility
Ford Motor Co. Dearborn Truck Plant Photo: Charlotte Smith/Ford Motor Co. North American auto production is rebounding somewhat in 2022 – S&P Global Mobility said this week it expects production o...
U.S. Auto Sales Forecast Gets Another Haircut, Mostly Due To Low Supplies
Forecasters trim expectations for improvement in U.S. auto sales this year. Low inventory is mostly … [+] to blame. Portland Press Herald via Getty Images Cox Automotive cut its 2022 U.S. auto s...
New Cars And Trucks, And The Dealerships That Sell Them, Too
High profits have auto dealerships selling like hotcakes. Getty Images Auto dealers are knocking on wood, but so far, nothing much seems to be making a dent in the current streak of record profits for...
New-Car Supply Is Low, And Demand Remains High
The front row conceals empty spaces outside a Toyota dealership in California. MediaNews Group via Getty Images Expect U.S. auto sales in April to fall around 20% vs. April 2021, due to low new-vehicl...