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Categories: Dealer Ops, Industry, Sales, Showroom
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.

https://www.fi-magazine.com/368091/bmw-announces-it-will-meet-2022-output-targets
Categories: Dealer Ops, Industry, Showroom
Toyota Announces Plans to Cut Global Production Amid Chip Shortage

Toyota Motor Corp will cut global production by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage.

https://www.fi-magazine.com/368088/toyota-announces-plans-to-cut-global-production-amid-chip-shortage
Categories: Dealer Ops, Industry, Showroom
BMW, Toyota Back on Top as America's Most-Shopped Vehicle Brands

High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.

https://www.fi-magazine.com/368081/bmw-toyota-back-on-top-as-americas-most-shopped-vehicle-brands
Categories: Dealer Ops, Industry, Showroom
GM Delays Plans to Hire 3,000 Salaried Workers

The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.

https://www.fi-magazine.com/368077/gm-delays-plans-to-hire-3-000-salaried-workers
Categories: Dealer Ops, Industry, Showroom
 S&P Mobility Report: Age of Light Vehicles Rises Again

S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.

https://www.fi-magazine.com/368075/sp-mobility-report-age-of-light-vehicles-rises-again
Categories: Dealer Ops, Industry, Showroom
Toyota and Honda Neck in Neck in WRI Study

The 2022 Working Relations Index shows Toyota in first place, with Honda rapidly closing in.

https://www.fi-magazine.com/368068/toyota-and-honda-neck-in-neck-in-wri-study
Categories: Dealer Ops, Industry, Showroom
GM Hedges its Bets on Ultium Platform

General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake...

https://www.fi-magazine.com/368050/gm-hedges-its-bets-on-ultium-platform
Categories: F&I, Fixed Ops, Industry
Tesla Insurance Options Pick Up Steam

The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.

https://www.fi-magazine.com/368047/tesla-insurance-options-pick-up-steam
Categories: Dealer Ops, Fixed Ops, Industry, Showroom
Illinois Suspends Carvana Dealer License

The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.

https://www.fi-magazine.com/368043/illinois-suspends-carvana-dealer-license
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales
With New-Vehicle Prices Climbing in April, Affordability Declines Further

New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s...

https://www.fi-magazine.com/368045/with-new-vehicle-prices-climbing-in-april-affordability-declines-further


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