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North America and China Make No Vehicle Production Cuts amidst Continued Global Chip Challenges
While Global microchip production has slightly improved over recent months, output volume continues to pose challenges for global automotive manufacturing facilities. As a result, automotive manufacturing facilities are continuously revising year-end forecasts. However, in the…
Auto Credit Harder To Get
Cox Automotive reported that access to automotive credit waned in April for all auto loan types. Cox’s All-Loans Index fell 1.5% in April to its lowest level since February 2021. Availability was reported 8.5% tighter…
Ford Becomes First to Gain Access to Tesla Supercharger Network
Beginning in early 2024, Tesla will allow Ford EV owners access to a large share of their network, including over 12,000 supercharges across the United States. As a result, Ford will begin to incorporate new…
CarMax Leads the 2022 Used-Vehicle Sales Ranking
CarMax has been a longtime leader in the Automotive News’ top 100 U.S. dealership group rankings but has secured a spot as the number one used-vehicle retailer on Automotive News’ new used-vehicle-only sales report. CarMax…
Total US Credit Card Debt Increased 15.2% Over the Last Year to an All-Time High of $986 Billion
Total US credit card debt increased 15.2% over the last year to an all-time high of $986 billion. Covid lockdowns and related stimulus caused credit card debt to fall 16.9% between 2019 Q4 and 2021…
