A new month means new advancements in automotive! Read how GM is leaning in to its AV innovation while Ford is aiming to combine SUV and EV trends to create the ultimate vehicles. Plus, how bloated inventories are challenging dealers’ sales strategies more than ever.
FROM AUTOMOTIVE NEWS: Near-Record Inventories Pinch Dealers
While overall U.S. sales are steadying, dealership inventories exceeded 4 million unsold units at the start of April – challenging dealers to better strategize moving the excessive inventory coming from manufacturers.
FROM DETROIT FREE PRESS: Here’s How GM Is Leading the Way as Auto Giants Prep for a Revolution
The automaker is taking a strategic approach to innovation by dividing production to focus on the models that data shows are currently performing well, as well as the vehicles that trends show will one day dominate the mainstream – AVs and EVs
FROM TRUCKS.COM: Supply and Demand Factors Are Altering the SUV vs. Sedan Market
Driven by consumer demand for utility vehicles, OEMs have doubled the number of crossover models available to the public in the last decade, and truck and SUV inventories are dominating dealership sales by 70%.
FROM KELLEY BLUE BOOK: Ford Invests in Rivian EV Startup
The Detroit automaker is the first major OEM to partner with the Amazon-backed startup to accelerate the conversion of some of its most popular truck and SUV models, including the F-150, into electric- based vehicles.