BMW Announces It will Meet 2022 Output Targets
Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
Toyota Motor Corp will cut global production by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage.
High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.
The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.
S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.
The 2022 Working Relations Index shows Toyota in first place, with Honda rapidly closing in.
Notable recent auction sales include a 2017 Ferrari LaFerrari Aperta.
General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake Tesla as the No. 1 EV maker.
The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.
The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.
New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s Analytics Vehicle Affordability Index.
The challenge arises over the EPA decision to reinstate the waiver and withdraw its interpretation of the Clean Air Act that would prohibit other states from adopting California’s more stringent vehicle greenhouse gas emission standards.
The Estimated Average Weekly Sales Rate continues to increase and now is at 72%.
Q1 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
The seasonally adjusted Retention Index went down to 185.4 points in April 2022 as high gas prices strengthen some segments and weaken others.
More than 160 dealers, agents, and industry executives took part in the inaugural West Coast Compliance Summit, one of three concurrent events featured at Industry Summit 2016. And more than 80 of them successfully completed the event’s compliance certification component.
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