FROM REUTERS: Inflation Risk or Profit Engine? High Car Prices Are Both
Dealers are relishing the increase in both new and used car prices, grossing an average $4,200 per transaction. But, price inflation is impacting the country at large and could potentially isolate future consumers.
FROM AUTOMOTIVE NEWS: Senate Passes $1 Trillion Infrastructure Package With Auto Safety, EV Provisions
Policy changes impacting the auto industry could be on the horizon. The package has plans to increase EV prominence, regulate new vehicle technology, and upgrade the nation’s roads and transit.Â
FROM WARDSAUTO: Vehicle Production, Sales Expected to Fall In Second Half
Thanks to a 1.5 million unit hit in production, analysts agree that the light-vehicle sales forecast for 2021 will be somewhere around 16.5 million units.
FROM MARKETWATCH: Americans Have Been Paying Higher Prices for Months. Will the Delta Variant Finally Put a Halt to Rising Prices?
Could a resurgence of pandemic-related restrictions start hindering consumption? The possible shift could take the pressure off of multiple industries’ supply constraints.