The Chips Are Down for Automakers – And So Are Car Sales
Automakers were on track to sell a record 18 million new cars and trucks in 2021 until a global computer chip shortage gummed up assembly lines.
U.S. Auto Sales Forecast To Plummet in Third Quarter
U.S. auto sales are expected to nose-dive in September, driving purchases of new vehicles down in the third quarter.
Chip Shortage Pushes World’s 2021 Automobile Loss Estimates to $210B
The cost of the intractable semiconductor shortage has ballooned by more than 90%, pushing the total hit to $210 billion.
Biden’s EV Sales Goal Won’t Be Too Hard to Reach by 2030
President Joe Biden announced an agreement that aims to push the US auto industry to sell more electric vehicles.
Automakers Face a Threat to EV Sales: Slow Charging Times
Automakers have sought to quell those concerns by developing EVs that go farther per charge and fill up faster.
Automakers Report Strong First-Quarter Sales Despite Chip Shortage
Automakers are reporting strong vehicle sales buoyed by consumer demand in the first quarter as fleet sales struggled.
Price Hikes to Hit Demand Recovery for Automakers, Says Fitch Ratings
This will dampen consumer sentiment in an already weak demand environment.
For APAC Automakers, 2Q20 Retail Sales Are Better Than Forecast
APAC automakers may recover from 2H20 at a slow pace as 2Q20 retail sales were than the the forecast of Fitch Ratings says.