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Despite the amount of pent-up demand waiting to be tapped, without an increase in incentives combined with dealers selling fewer vehicles above sticker price, waning availability of affordable offerings on dealer lots will cause sales gains to lag the expected growth in inventory.
Although supply-chain disruptions still are creating volatility, and keeping most automakers from building to capacity, starting with an overbuild from expectations in August, there appears some upside to production, or at least more stability, to the final four months of the year.
Dealers ripped up their business models, embraced efficiencies and slashed waste to survive the unexpected challenges of the past few years, including the chip shortage, COVID, the war and other events that caused cultural changes. At the same time, they shifted processes in sales, service, parts, and F&I to best serve customers with both electrified and internal combustion engines.
Most dealers met those challenges and continue to see profits grow despite ongoing inventory shortages. Those embracing technologies have the best chance of maintaining and accelerating that momentum, especially as EVs populate the sales offerings, during the upcoming years.
This session outlines dealers' concerns about their businesses, EV adoption and what technologies they are anxious to explore as they seek to meet challenges that include staffing shortages, EV service and parts, hybrid sales processes, and F&I transparency that satisfies consumers and regulators.
LMC presents Global Light Vehicle Recovery Track, Trends and Path Forward including a look at the near-term disruption recovery, long-term trends, and electrification trends and Outlook.
Never-ending supply-related production disruptions, continued dearth of inventory, lack of sales growth and economic headwinds. Hopes are waning for the U.S. market to emerge in 2022 or even 2023 from the quagmire it fell into close to three years ago at the start of the pandemic. While growth still is expected from now through the end of next year, the short-term outlook still always seems to worsen, with sales in 2022 now likely will be lower than the weak results of the past two years. Haig Stoddard will detail the current outlook in North America, with a focus on the U.S., for the rest of 2022 and 2023, highlighting signs and data indicators to watch for that point toward strength or weakness.
Connectivity technology underpins the future of the automotive industry. The evolution in vehicle architectures and the move to software defined vehicles depend on connectivity to ensure they are cyber secure and up to date. The rapid evolution of BEVs means the traditional vehicle business model of profit on initial sales is being replaced by lifetime earnings that rely on over the air (OTA) upgrades to enhance the vehicle value to consumers. In this scenario has connectivity become mission critical not only from a vehicle safety perspective but for the OEMs own enterprise viability?
Connectivity technology continuously advances, but what will it be used for and who is influencing its direction and adoption in automotive?
This session will share some preliminary survey results that address these fundamental questions.
A Stellantis executive recently warned the car market could collapse if BEV prices don’t come down. But BEV prices are driven by the cost of building them which in turn is driven overwhelmingly by the cost of the battery. And that is tied to relatively rare, geographically constrained materials, making battery and car manufacturing vulnerable to politics, price volatility, and supply disruptions. Car makers need a battery that is safe, durable, and inexpensive if they are to bring costs under control. That means either moving away from the current lithium and cobalt-based formulas or significantly reducing the amounts needed. But there is no single ‘best’ formula to address the fundamental five: energy density, durability, temperature stability, safety, and abundance. So, what can replace lithium and cobalt-based batteries? Which companies are developing those replacements? And how soon before it comes to market? Join us as we answer these questions and more.
The open-source collaboration platform has the potential to take years off the time it takes to get a battery plant fully up and running, the company contends.
Strong sales in recent months helped narrow the big-truck sales gap with year-ago to 1.3% in January-August, to 300,129 from 303,994.
The new leather substitutes include MIRUM which is 100% bio-based and petroleum-free and has the potential to mimic all the properties of traditional leather. Another new material, Deserttex, is made from pulverized cactus fibers with a biobased polyurethane matrix. With these materials, replacing raw materials of animal origin can be combined with a significant reduction in CO2 the automaker says.
Who among the world’s automakers is best positioned in this race toward electrification, who’s on the cusp and who still has work to do?
New labeling is part of Electrify America’s plan to educate public charger users, while Nissan, Tesla and Kia make charging news as well.
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