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supplies improving, Bank of America

New data indicates chip supplies improving but not for every automaker

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Despite supply chain shortages improving, new data indicates that some automakers still feel pinched more acutely than others.  Honda informed shareholders that despite the growing...
Stein

Ford, Farley and Formula 1: A peek into the brand’s future...

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Jason Stein is the host of Cars & Culture on SiriusXM, an automotive history podcast featuring interviews from business leaders such as Volkswagen CEO...
trade dispute

U.S. loses trade dispute with Canada, Mexico over parts sourcing

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The U.S. has lost an automotive trade dispute brought against it by Canada and Mexico over parts sourcing requirements. According to an agreement between the...
inventory

Inventory pressures still top of mind for auto retailers in 2023,...

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Research published by Wards Auto reveals that dealerships are still looking to shore up their inventories in 2023, despite struggling with vehicle shortages for...
sales volume

How Hyundai is planning to beat last year’s sales volume

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Hyundai and its subsidiary, Kia, now expect to beat last year's sales volume by 670,000 units, achieving a total of 7.52 million. In its statement,...
display showroom test-drive

Tesla selling discounted showroom and test-drive vehicles after cuts to production

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Tesla is now selling models originally dedicated for showrooms and test-drives after running out of inventory in several locations. The automaker has received no shortage...
Tesla discount

Rare Tesla discount gets boost for holidays as investors worry over...

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In an extreme departure from form, the holiday Tesla discount will be doubled to $7,500 in the U.S. The Tesla discount was already a rare...
tax incentive

EV tax incentive delays could work in auto industry’s favor

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The U.S. Treasury Department announced it would delay key pieces of its 2023 electric vehicle tax incentive guidelines until March. Originally, the agency aimed to...
microchip shortage

Microchip shortage now expected to last until next Christmas

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While hopes of a supply chain recovery persisted throughout the year, industry insiders now expect microchip shortages to last throughout 2023. Semiconductor and chip manufacturers...
used-car

Used-car market floundered in 2022, according to Cox report

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A new Cox Automotive report reveals that the used-car market continually shrunk throughout 2022. Using the Manheim Used Vehicle Value Index, Cox Automotive's preferred tool...