cwerdna
Posts: 13166
Joined: Fri Jun 03, 2011 4:31 pm
Delivery Date: 28 Jul 2013
Location: SF Bay Area, CA

Re: auto industry discussion

Volkswagen Does Not See Chip Shortage Ending in 2023 - Automobilwoche
https://money.usnews.com/investing/news ... obilwochea

Volkswagen says the chip shortage will last past 2023, and the company is preparing for a “new normal” in supply-chain crisis
https://news.yahoo.com/volkswagen-says- ... 10585.html

'22 Niro EV
'19 Bolt Premier (bought back by GM)
'13 Leaf SV w/premium (former)
'13 Leaf SV w/QC + LED & premium (lease over)

Please don't PM me with Leaf questions. Just post in the topic that seems most appropriate.
GRA
Posts: 13906
Joined: Mon Sep 19, 2011 1:49 pm
Location: East side of San Francisco Bay

Re: auto industry discussion

Forbes:
U.S. Auto Sales Forecast Is Cut For 2022: Bad News For Bargain Hunters
https://www.forbes.com/sites/jimhenry/2 ... a201852c78

Forecasters lowered their expectations for 2022 U.S. auto sales yet again, in a Cox Automotive webinar, to just 13.7 million new cars and trucks, down about 9% vs. 15 million in 2021, and down almost 20% vs. 17.1 million, in pre-COVID 2019.

The ongoing computer chip shortage and other supply-chain problems, which often have the COVID-19 pandemic as a root cause, get much of the blame, along with disruptions caused by the war in Ukraine, and higher interest rates.

The upshot for consumers is that new-vehicle prices are expected to remain at or near record highs. That’s the opposite of what usually happens when auto sales fall. What usually happens is that automakers and dealers raise incentives to stimulate demand, to sell off a backlog of inventory. . . .

It was the third time this year Atlanta-based Cox Automotive cut its U.S. new-vehicle sales forecast.

Cox Automotive’s initial U.S. new-vehicle sales forecast for 2022 was 16 million, up about 7% vs. 15 million in 2021. The year 2022 got off to a good start, but the chip shortage and other supply problems that cut into auto production began to cut seriously into sales in May 2022, Chesbrough said. . . .

Earlier this year, the Cox Automotive forecast shrank to 15.3 million, then 14.4 million, to today’s 13.7 million, the company said. Greater likelihood of a U.S. recession is a contributing factor to the latest reduction in the sales forecast.

“With the economic outlook worsening quickly over recent months,” Chesbrough said, “it now seems likely that much of the pent-up demand from limited supply is quickly disappearing.”

Glad I don't need to buy a car now.
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

The 'best' is the enemy of 'good enough'. Copper shot, not Silver bullets.
cwerdna
Posts: 13166
Joined: Fri Jun 03, 2011 4:31 pm
Delivery Date: 28 Jul 2013
Location: SF Bay Area, CA

Re: auto industry discussion

A slightly different version of this was on CNBC earlier tonight:
https://www.youtube.com/watch?v=7x1PCA2qAbk

'22 Niro EV
'19 Bolt Premier (bought back by GM)
'13 Leaf SV w/premium (former)
'13 Leaf SV w/QC + LED & premium (lease over)

Please don't PM me with Leaf questions. Just post in the topic that seems most appropriate.
LeftieBiker
Moderator
Posts: 19268
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: auto industry discussion

Ack. I passed on leasing a Plus, in the color I prefer, because it was $376 a month instead of the $276 I wince at now.
Brilliant Silver 2021 Leaf SV40 W/ Pro Pilot & Protection
2009 Vectrix VX-1 W/18 Leaf modules, & 2 lithium E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.
SageBrush
Posts: 7511
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: NM

Re: auto industry discussion

^^ Ack

I paid about $105 a month + interest for the 5.5 years I owned a LEAF, and I'm now paying (based on 8 years of future ownership) $125 + interest on a Bolt. If the Bolt ages well and I can keep it 10 years, it will be $83 a month + interest
2013 LEAF 'S' Model with QC & rear-view camera
Bought Jan 2017 from N. Cal @ 90% SOH
Two years in Colorado, now in NM
SOL0 7/2022 @ 83% SOH
Toby
Posts: 57
Joined: Wed Feb 03, 2021 4:56 pm
Delivery Date: 20 Mar 2019
Leaf Number: 311086
Location: British Columbia

Re: auto industry discussion

The most expensive purchase we ever make is interest on a loan. If we create a slush fund in a bank and add to it weekly we can pay cash for cars and save a ton of money. One always has to live within our means so if all we can afford is less than desired so be it.
cwerdna
Posts: 13166
Joined: Fri Jun 03, 2011 4:31 pm
Delivery Date: 28 Jul 2013
Location: SF Bay Area, CA

Re: auto industry discussion

Auto giant Stellantis looks to Australian materials, including nickel, for its EVs
https://www.cnbc.com/2022/10/11/stellan ... s-evs.html

'22 Niro EV
'19 Bolt Premier (bought back by GM)
'13 Leaf SV w/premium (former)
'13 Leaf SV w/QC + LED & premium (lease over)

Please don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

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