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The popular Stellantis truck brand has expanded an unusually extensive warranty in response to consumer and auto dealer demand in an inflated market.
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SEARCHMENUSEARCHThe popular Stellantis truck brand has expanded an unusually extensive warranty in response to consumer and auto dealer demand in an inflated market.
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The lack of new inventory is continuing to drive up the demand for used vehicles, which in turn is forcing buyers to pay more week after week and leaving sellers wishing they had more to offer.
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Letter penned by Canadian Trade Minister Mary Ng suggest proposed EV tax credits will harm North American auto industry and violate trade agreements.
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IHS Markit forecasts lows in light-vehicle sales and production will give way to increases ahead.
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As the automotive industry spins its wheels waiting for chips, analysts say the road to correcting the chip shortage won’t clear until at least 2022.
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While sales of new vehicles declined 13.4% year over year in Q3 due primarily to low inventory and high prices, sales of electrified vehicles jumped by nearly 60%, according to an analysis by Kelley Blue Book.
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Cox Automotive and LMC report new-vehicle inventories shrank to just over 915,000 in September and predict further shrinkage as production issues and supply shortages linger.
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While it’s true that disruptors have taken some pre-owned market share from dealers, there is nothing these retail outlets are doing that dealerships can’t do even better.
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According to Twinner, the average dealer group can expect to increase its turn rate by 15 percent and save up to $400 per car.
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BMW is faring better than GM, and car dealers are coping better than component suppliers.
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