MENU
SEARCHStellantis is latest carmaker to signal additional cutbacks.
Stellantis assembly line shows an engine head being loaded for a Jeep Cherokee, whose production may be cut back next year.
IMAGE: Stellantis
Carmakers are continuing production cutbacks as the ongoing microchip scarcity shows no signs of disappearing.
The latest example is at Stellantis, which Automotive News reported has plans to reduce production of the Jeep Cherokee next year because of the chip shortage, though Stellantis didn’t confirm that.
The publication cited an AutoForecast Solutions expert who said the automotive industry will have to absorb the loss of up to 3 million vehicles next year.
Though the chip shortage has shown signs of easing, it’s not going away any time soon. Though U.S. carmakers are working on acquiring or creating new supply chains, the impact won’t be immediate.
The U.S. government is pouring money into such efforts in North America and offering tax breaks on cars with batteries made on the continent and with parts made or recycled here.
Originally posted on Auto Dealer Today
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →
Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.
Read More →
A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.
Read More →
Performance and profits start with people chosen and led the right way.
Read More →
Kerrigan metrics show there’s plenty of demand, though many sellers are waiting to pull the trigger.
Read More →
Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.
Read More →
Despite incentive spending not keeping pace with deliveries volume, consumers make their purchases ahead of tariffs impact.
Read More →
Hybrid solution combines benefits of reinsurance and dealer-owned warranty companies.
Read More →
Understanding how it plays into inventory risk management is an important consideration.
Read More →
Kerrigan Advisors poll shows percentage of retailers expecting lower profits, valuations is on the rise.
Read More →
