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Volkswagen Does Not See Chip Shortage Ending in 2023 - Automobilwoche
https://money.usnews.com/investing/news/articles/2022-09-19/volkswagen-does-not-see-chip-shortage-ending-in-2023-automobilwochea

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-chip-shortage-last-182710585.html
 
Forbes:
U.S. Auto Sales Forecast Is Cut For 2022: Bad News For Bargain Hunters

https://www.forbes.com/sites/jimhen...bad-news-for-bargain-hunters/?sh=11a201852c78


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.
 
^^ 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
 
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.
 
Auto giant Stellantis looks to Australian materials, including nickel, for its EVs
https://www.cnbc.com/2022/10/11/stellantis-looks-to-australian-materials-for-its-evs.html
 
https://www3.nhk.or.jp/nhkworld/en/news/20230130_26/
Japan's Toyota Motor held on as the world's top-selling automaker in 2022. It's the third straight year it has claimed the title.

Toyota says its global group sales, including for Daihatsu and Hino, came to 10.48 million new units. That's down one-tenth of a percent from the previous year.

Toyota says it managed to minimize the impact that the coronavirus pandemic and a global chip shortage had on its production.

Germany's Volkswagen Group came second with 8.26 million vehicles.

South Korea's Hyundai Motor Group took the third spot with 6.84 million.

It was followed by the alliance of Nissan Motor, Renault and Mitsubishi Motors with 6.15 million.
 
China’s Now the World’s Second-Largest Car Producer As Exports Surge 54 Percent
China’s auto business is growing thanks to its surging EV sales from makers such as BYD and Tesla.
https://www.thedrive.com/news/chinas-now-the-worlds-second-largest-car-producer-as-exports-surge-54-percent
 
cwerdna said:
Auto giant Stellantis looks to Australian materials, including nickel, for its EVs
https://www.cnbc.com/2022/10/11/stellantis-looks-to-australian-materials-for-its-evs.html
https://www.media.stellantis.com/em-en/corporate-communications/press/stellantis-delivers-record-full-year-2022-results-global-bev-sales-up-41-progressing-fast-on-dare-forward-2030-execution

"Stellantis’ electrification push accelerated with a 41% increase in global battery electric vehicle (BEV) sales year-over-year, to 288,000 vehicles in 2022. With 23 BEVs now in market,"

This is despite having 0 BEVs on the US market in 2022, AFAIK. They hadn't had any BEVs in the US for years ever since the compliance car gen 1 Fiat 500e was discontinued.
 
Why there may be no return to ‘normal’ for the U.S. used vehicle market
https://www.cnbc.com/2023/03/25/why-there-may-be-no-return-to-normal-for-the-used-vehicle-market.html
 
Toyota execs think we'll be paying $50,000 average transaction prices soon
And the used market isn't going to slow down much, either
https://www.autoblog.com/2023/03/28/average-new-car-prices-used-car-values/
If you think that sounds crazy, well, you're not alone. But you also may be surprised to hear that we're not very far off that number right now. As of January of this year, the average transaction price for a new car in America sat at $49,507. And yes, that's a record.
 
cwerdna said:
Toyota execs think we'll be paying $50,000 average transaction prices soon
And the used market isn't going to slow down much, either
https://www.autoblog.com/2023/03/28/average-new-car-prices-used-car-values/
If you think that sounds crazy, well, you're not alone. But you also may be surprised to hear that we're not very far off that number right now. As of January of this year, the average transaction price for a new car in America sat at $49,507. And yes, that's a record.

Yep. That definitely sounds crazy.

Sheesh.
 
https://www.cnbc.com/2023/05/15/americans-are-keeping-their-cars-longer-amid-rising-interest-rates.html
"The average age of a light-duty vehicle on U.S. roads rose by more than three months — the highest year-over-year increase since the Great Recession in 2008-2009 — to 12.5 years as of Jan. 1, according to a new report Monday from S&P Global
Mobility. That includes a 3.8% increase for passenger cars to 13.6 years and a 1.7% uptick in trucks, SUVs and crossovers to 11.8 years."
 
That includes a 3.8% increase for passenger cars to 13.6 years and a 1.7% uptick in trucks, SUVs and crossovers to 11.8 years."


I register 4 vehicles now, the average age is 14 years and not counting the 2019 Leaf it is 17.3 years. The oldest one is a 1998..... that helps get the numbers up there! We all know the stories of a car that went in for something and needed $6K worth of work (or that is what the owners were told...)
 
https://www.thedrive.com/news/vw-ceo-the-roof-is-on-fire
Their FB post said "Boss Thomas Schaefer called for an immediate freeze on spending, promising to slash $11.2 billion in costs over the next three years."
 
UAW’s clash with Big 3 automakers shows off a more confrontational union as strike deadline looms
https://apnews.com/article/automakers-cars-strike-pay-uaw-union-detroit-349a6e7281f1b07710cfcad511dcaa05
 
I have been wondering lately, why Nissan can get away with an not good designed battery? I'm now in the discussion, with the dealership about weak cell's. And I'm sure that I'm not the only person, with this issue.

It results in a loss of range of the bottom, but mostly Nissan won't acknowledge it. Because obviously CLVI tests are mostly done on a to high SoC. But it's an serious problem, and while Volkswagen was punished for dieselgate.

Nissan still gets away with it, and it's frustrating the hell out of me: because I have been arguing for weeks already about that with the dealership. When are we getting an battery gate, wherein Nissan is going be prosecuted for this.
 
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