FROM J.D. POWER: July New-Vehicle Sales Pace Still Constrained but Transaction Prices and Dealer Profits Remain at Record Levels
July sales results are trending downward with a predicted 10.8% drop in retail sales and a 0.9 million unit drop in SAAR compared to this month last year. Demand should continue to outweigh supply as the industry heads into August.
FROM NBC NEWS: Senate Passes Massive Package to Boost U.S. Computer Chip Production
The “CHIPS-plus” bill is an investment in American science, manufacturing, and research, particularly within the semiconductor, and therefore automotive, sectors. The package is expected to pass through the House later this week.
FROM FORBES: KPMG Study Predicts Accelerated Boom in Auto Chip Sales as Congress Considers Incentives
Despite global shortages, semiconductor sales have increased 25% year over year due to the growing number of in-vehicle uses for the technology. As the government rolls out new production legislation, chip sales are expected to exceed $250 billion by 2040.
FROM CNBC: Apple’s New Car Software Could Be a Trojan Horse Into the Automotive Industry
The CarPlay software is compatible with 98% of new cars sold in the U.S., dominating the infotainment market and making it difficult for automakers to have autonomy over the lucrative in-car experience.
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