Average New Auto Price Hits Record in July

The average new car in America sold for $48,182 in July,
beating the record set last month, according to Kelley Blue
Book data. July prices rose 0.3% ($139) from June and
11.9% ($5,126) from July 2021.

Auto On The Rebound For Fox Stations

CEO Lachlan Murdoch said today: “We’re currently seeing a return to growth in the auto category for the first time in a couple of years. This stability of the base market provides a strong foundation for the upcoming political cycle, where the outlook is remarkably strong.”

EVs Getting Attention, but Hybrids Gain Traction

Plug-in hybrid sales are climbing in the U.S., in part because of the recent surge in gasoline prices. Automakers sold a record 176,000 such cars last year, according to Wards Intelligence, up from 69,000 in 2020.

Autos Remain Scarce, Buyers Getting That Way

The dog days of summer drag on for the auto industry, unable to find respite from a withering supply chain crisis that has left assembly lines limping and dealership lots bare, Automotive News reports.

July Auto Sales To Fall on Limited Supplies

A shortage of vehicles at dealers due to the supply-chain
snarls gripping automakers is expected to drive down U.S.
auto retail sales in July, according to industry watchers.

U.S. Light-Vehicle Sales Forecast Cut for 2022; Inventory Outlook Weakens

Even if there is consumer pushback from rising prices in second-half 2022, and barring a broadbased recession – one with major cutbacks in spending accompanied by job losses – expect production to continue favoring higher-priced cars, CUVs and SUVs, as well as fullsize trucks, and for the combined mix of total inventory for those vehicles to remain above historical norms.

The Latest Numbers on the Microchip Shortage: Forecast Worsens

Auto plants in Europe and North America auto plants just cut another 104,000 vehicles out of their production plans because of chip shortages.Auto plants in Europe and North America auto plants just cut another 104,000 vehicles out of their production plans because of chip shortages.

GM Takes Back Sales Crown in 2ND Quarter

GM outsold Toyota by more than 47,000 vehicles in the second quarter. The fluid, unpredictable nature of the global microchip shortage and other supply chain disruptions continue to put all automakers on edge.

Auto Quality Takes a Dive

Pandemic related disruptions have driven initial vehicle quality to the lowest point J.D. Power has recorded in 36 years.