LotLinx Weekly News Vol. 212: May the Inventory Force Be With You

FROM AUTOMOTIVE NEWS: Toyota, Ford, Honda, Hyundai, Kia Sales Fall by Double Digits Again as Chip Woes Linger

For reporting OEMs, light-vehicle sales dipped a collective 25.9% in April. As predicted, SAAR will sit anywhere between 14.3 and 14.8 million units for the month, not exceeding 15 million since January and last July.

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FROM CNBC: Detroit Automakers Aren’t Letting up on a Long-Standing Rivalry, Even as They Pivot to Take On Tesla

The country’s Big Three automakers are going head to head in the race to electrification, all making competing electric vehicle announcements on the same timeline.

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FROM REUTERS: U.S. To Spend More Than $3 bln on EV Battery Manufacturing

In order to electrify half of the vehicles on the road before 2030, the government is dedicating significant funds to strengthening the battery supply chain and securing “energy independence” from other nations.

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FROM CNN: Why Car Shopping Is So Bizarre in the United States

Today’s automotive industry operates unlike any other sector. Take a deep dive into the industry’s history to see how this came to be and how startups are breaking the business mold.

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