LotLinx Weekly News Vol. 198: Temps Are Low, but Production Is Warming Up

FROM AUTOMOTIVE NEWS: 2022 Auto Output Expected to Outpace Sales

While light-vehicle sales might only grow 3% this year, production is expected to rise 16%. Analysts also predict another 2 million unit production increase in 2023 as sales reach 20 million units.

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FROM BUSINESS INSIDER: Used Cars May Finally Get Cheaper This Year — But Don’t Expect Pre-pandemic Prices

Industry analysts are unclear just how much the used inventory market might shift over the course of the year. Reports suggest prices could dip anywhere from 3% to 30% in the coming months.

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FROM FORTUNE: Chip Armageddon Reveals How Terrifyingly Fragile the U.S. Supply Chain Actually Is

As semiconductor demand rose 20% last year, microchip inventory levels plummeted to a 5-day supply. This recent data from the U.S. Department of Commerce supports the need for the government’s proposed CHIPS Act to alleviate the industry.

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FROM THE VERGE: Seven CEOs and One Secretary of Transportation on the Future of Cars

See how opinions on software, data sharing, EV charging, and more differ across executives at major industry organizations. CEOs from Ford, VW, Jeep, and Waymo are among the executives to weigh in.

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