FROM AUTOMOTIVE NEWS: Toyota, Hyundai, Kia Sales Slip in August as Chip Woes Spread
Analysts predict light-vehicle sales have fallen anywhere between 4 and 18 percent in August, and SAAR now sits between 13.1 and 14.4 million units. Meanwhile, average transaction prices continue to rise for most major OEMs.
FROM THE WASHINGTON POST: Vehicle Prices Remain High This Labor Day Weekend
While Labor Day is often an opportunity to offload model-year vehicles at a significant discount, most dealers will avoid major incentives this weekend to preserve their existing inventory.
FROM IHS MARKIT: Brand Loyalty Among U.S. Auto Consumers Drops to Six-Year Low
Consumer brand loyalty continues to dip month after month due to the ongoing lack of available inventory. However, the commitment to body style remains strong, with loyalty for sedans, pickups, and SUVs increasing year over year.
FROM J.D. POWER: Smartphone Connectivity Now Most Common Problem Cited by New-Vehicle Owners
The latest Initial Quality Study from J.D. Power outlines the performance (and problem areas) of new vehicles by model and brand. This year, Ram and Dodge take the top spots while Audi and Chrysler bring up the rear.