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Car Sales to Go Down 17 Percent Despite Strong Demand: Report

A person walks by a car dealership on June 10, 2022 in New York City. The Labor Department announced on Monday that consumer prices rose 8.6% last month from a year earlier. Inflation has risen to its highest level in four decades, raising the cost of airfare, hotels, vehicles, gas, and food. — A man or woman walks by a motor vehicle dealership on June 10, 2022 in New York Town. The Labor Office introduced on Monday that shopper costs rose 8.6% final month from a calendar year earlier. Inflation has risen to its highest amount in four many years, increasing the value of airfare, lodges, motor vehicles, fuel, and meals.

The globe operates on provide and demand, and the offer facet of matters from corn to Camaros are continue to struggling right after the global hit from COVID-19 lockdowns. Cox Automotive readjusted its predictions for the calendar year, and now suggests 2022 will see much less autos bought than even 2020.

Motor vehicle sales are forecast to be down 17.3 per cent, according to Cox Automotive. The automotive knowledge big also revised down the whole-yr profits forecast from 15.3 million motor

Car & Automotive

Thief takes disabled woman’s car in Gladwin

By Michael J. Moody 2 days ago

When Terressa Carson acquired a get in touch with from her husband to tell her that their white 2009 Ford Target was stolen, she believed he was joking.

He wasn’t. The motor vehicle was long gone, as properly as Carson’s walker, medical papers, long term handicapped sticker and her husband’s wallet with a current financial institution withdrawal.

“Who steals a handicap (person’s) motor vehicle?” reported Carson, of Gladwin.

Carson referred to as Jim’s Automotive NAPA in Gladwin, exactly where her spouse operates, inquiring him to carry household some boxes. He took the bins out to the car and returned to the store to grab a several extra products.

When he returned to the vehicle, it was absent.

Right after submitting a report with the Gladwin County Sheriff’s Business office, the couple changed their doorway locks and flagged their credit history and lender playing cards along with the car’s identification in

Car Sales

Dacia Sandero and Duster top market down -2.1% – Best Selling Cars Blog

By Michael J. Moody 3 days ago

The Dacia Sandero is the best-selling vehicle in Serbia in May.

Thanks to our Central European partner CE Auto, we can share with you today new car sales in Serbia, a market edging down -2.1% year-on-year to 2,685 registrations. The year-to-date volume is now down -5.7% to 11,525 units. It’s a great month for Dacia in Serbia, placing two models atop the charts: the Sandero (+311.8%) is up 4-fold to snap the overall pole position with 5.2% of the market vs. 3% year-to-date where it now ranks #4. Just 3 units below is the Duster (+140.4%) now #3 YTD. The Citroen C3 (+124.4%) completes a euphoric podium. Boosted by end-of-life promotions, the Renault Kadjar lodges its very first Top 10 finish in Serbia, directly at #4. The Skoda Superb (+91.5%) also shines year-on-year but falls to #5 for the month vs. #2 YTD. Still #1 year-to-date, the Skoda Fabia

Car Sales

Chip shortage keeps driving up auto prices, cutting sales

By Michael J. Moody 3 days ago

DETROIT – U.S. new car product sales tumbled far more than 21% in the next quarter as opposed with a yr back as the worldwide semiconductor shortage ongoing to lead to output issues for the sector.

Nonetheless demand even now outstripped offer from April via June, even with $5 per gallon gasoline, high inflation and mounting curiosity costs. The reduced source has raised price ranges to document stages, knocking numerous buyers out of the new-car industry.

Edmunds.com reported that automakers offered 3.49 million motor vehicles through the quarter, virtually 933,000 fewer than the exact interval final calendar year.

J.D. Electricity estimates that the normal gross sales value of a new auto for the very first six months of the yr hit just about $45,000, a history that is 17.5% higher than a calendar year in the past. Edmunds.com described that 12.7% of shoppers who financed a new car in June