IHS Markit Predicts Production Highs in 2024
IHS Markit forecasts lows in light-vehicle sales and production will give way to increases ahead.
IHS Markit forecasts lows in light-vehicle sales and production will give way to increases ahead.
Mexico’s auto sector has criticized the move, saying it allows "car smuggling."
Mike Alford, who currently serves as NADA vice chairman, will succeed Paul Walser, as chairman.
While sales of new vehicles declined 13.4% year over year in Q3 due primarily to low inventory and high prices, sales of electrified vehicles jumped by nearly 60%, according to an analysis by Kelley Blue Book.
New trend helps brands like Honda and Nissan see the value of modernizing their lease policies, reports Swapalease.
Traditionally, values would be declining this time of year, but the lack of inventory continues to be the most common sentiment for the increased auction activity pushing values up.
Global Data has downwardly revised its real GDP growth forecasts by 0.14 percentage points (pp) for Germany, 0.23pp for Japan, 0.45pp for the US and 0.25 for China.
Toyota Motor Corp. and Stellantis have announced plans to build battery factories in North America to meet the U.S. government’s push for electric vehicles and the batteries that power them.
Cox Automotive and LMC report new-vehicle inventories shrank to just over 915,000 in September and predict further shrinkage as production issues and supply shortages linger.
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