LotLinx Weekly News Vol. 162: Look For the Sales at the End of the Tunnel


FROM REUTERS: Biden Pitches $174 Billion EV Plan in Michigan

The government’s proposed plan would put serious emphasis on U.S.-based EV production, consumer rebates, expanding charging stations, and electrifying transit vehicles.

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FROM CNBC: Chip Shortage Expected to Cost Auto Industry $110 Billion in Revenue in 2021

Analysts now believe the financial impact of the global semiconductor shortage could be 81.5% higher than initially predicted at the start of the year.

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FROM BLOOMBERG: iPhone Maker Foxconn May Conquer Car Cockpits With Stellantis

The recent partnership between the two massive manufacturers could set a new standard for in-car technology throughout the industry.

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FROM AUTOMOTIVE NEWS: Fleets Join the Club of Those Looking to Acquire Vehicles

Rental companies are turning directly to consumers to purchase used vehicles for their fleets. Much like retail dealers, this means paying higher prices for higher mileage units.

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