LotLinx Weekly News Vol. 190: Burning the Inventory Candle at Both Ends
FROM AUTOMOTIVE NEWS: Toyota, Hyundai, Kia Sales Fall 4th Straight Month
As November numbers trickle in, analysts are predicting an 11-12% drop in light-vehicle sales year over year. A slight increase from October should put SAAR between 13.4 and 13.7 million units.
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FROM BUSINESS INSIDER: Ford Is on Track to Sell More Electric Cars Than GM This Year as the Two Giants Scramble to Catch Up With Tesla
Halts in Chevy Bolt production have given Ford a leg up on GM. However, both OEMs’ yearly EV sales will trail significantly behind Tesla’s nearly 900,000 units.
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FROM WARDSAUTO: Dealership Acquisitions Bound for Record-Breaking 2021
Dealership buy-sells are expected to exceed 575 stores this year, breaking a record set in 2015. 61% of franchised dealers predict business values will continue to increase in 2022.
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FROM REUTERS: Carmakers Get Inventive as Global Chip Crisis Bites
The chip shortage has spurred manufacturers to rethink parts suppliers, vehicle softwares, and production strategies in order to sidestep future delays.
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