FROM AUTOMOTIVE NEWS: Toyota, Hyundai, Kia, Mazda Post Double-Digit Gains as Stockpiles Keep Falling
U.S. auto sales rose 5% in the month of July, while the SAAR dipped to 14.8 million units. Reporting OEMs saw a wide spectrum of gains and losses, with the average yearly change up 7.7%.
FROM REUTERS: Ford Raises 2021 Profit Outlook, Eyes Shift to Build-to-Order
In the midst of a rocky manufacturing climate, the OEM hopes to one day shift to an order-based system. Keeping inventory levels closer to 50 days could help avoid the financial burden of consumer incentives and overstocked lots.
FROM AUTOWEEK: Used Car Prices Are Going Nuts! Here Are 10 of the Biggest Price Jumps
Used car prices are up 30% year over year, while the top 10 most in-demand sports car and pickup models are seeing increases over 40%.
FROM CNN: The Great American Car Shortage Won’t Be Over for Months
A new report expects the nation’s new car inventory to fall to 1 million units this month as manufacturers continue facing shutdowns. Optimistically, this could be the last month of declines before a slow rebuild begins.