FROM AUTOMOTIVE NEWS: Toyota, Ford, Honda, Hyundai Fall Again in Sept.; Chips Take Q3 Toll on GM, Stellantis
Sales slipped again last quarter for nearly every major automaker, a 12.8% dip year over year. SAAR now sits at 12.3 million units for the year, while dealers average a 22-days supply of inventory.
FROM CAR AND DRIVER: Scarcity Tactics: Low on Inventory, Auto Dealers Cash In on Higher Prices
Dealerships grossed $42 million in the first half of the year due to inflated vehicle prices, but could lucrative price jumps be isolating valued customers?
FROM WARDSAUTO: Odd Market Puts Car Dealers in Driver’s Seat
According to a new study, nearly half of prospective shoppers are willing to postpone their purchases until the chip shortage levels out. Other consumers would sooner switch brands or vehicle categories before delaying a purchase altogether.
FROM BUSINESS INSIDER: GM and Ford Keep Trying to One-up Each Other With EV Investments
Despite current inventory setbacks, U.S. automakers are in a race to modify future models – continuously increasing billion dollar investments in electrification and battery research.