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Re: auto industry discussion

Posted: Fri Sep 30, 2022 6:43 pm
by cwerdna
Volkswagen Does Not See Chip Shortage Ending in 2023 - Automobilwoche ... obilwochea

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

Re: auto industry discussion

Posted: Sat Oct 01, 2022 4:51 pm
by GRA
U.S. Auto Sales Forecast Is Cut For 2022: Bad News For Bargain Hunters ... 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.

Re: auto industry discussion

Posted: Thu Oct 06, 2022 2:43 am
by cwerdna
A slightly different version of this was on CNBC earlier tonight:

Re: auto industry discussion

Posted: Thu Oct 06, 2022 3:21 am
by LeftieBiker
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.

Re: auto industry discussion

Posted: Thu Oct 06, 2022 4:35 am
by SageBrush
^^ 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

Re: auto industry discussion

Posted: Thu Oct 06, 2022 12:50 pm
by Toby
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.

Re: auto industry discussion

Posted: Mon Oct 10, 2022 11:50 pm
by cwerdna
Auto giant Stellantis looks to Australian materials, including nickel, for its EVs ... s-evs.html

Re: auto industry discussion

Posted: Mon Jan 30, 2023 4:23 am
by cwerdna
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.