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- Lease price points are now available for Ford, Lexus, and Porsche. 6/9/2021
- Lease rates and residual values are now available for Bentley, Honda, Hyundai, Nissan, Ram, and Volkswagen. 6/9/2021
- Incentives are now available for Ford. 6/9/2021
- Lease rates and residual values are now available for Buick, Chrysler, Dodge, Fiat, GMC, Jeep, Kia, Lexus, Lincoln, and Mini. 6/8/2021
- Lease price points are now available for Buick, Chevrolet, GMC, Honda, Hyundai, Kia, Mazda, Mini, Mitsubishi, Subaru, Tesla, and Volkswagen. 6/8/2021
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May 2021 New Vehicle Sales, Inventory, Incentives Spending, CPO Sales and SAAR results have been finalized for the month.
2022 ENCORE GX: Launched with a special lease program and $1,500 lease loyalty cash. Effective 6/15/2021 on Encore GX.
2022 SANTA FE: Launched with 1.9% special retail financing for up to 60 months and 2.9% for 72 months or 2.5% for up to 60 months and 3.5% for 72 months plus $500 APR bonus cash or a special lease program, featuring an advertised payment of $299/month for 36 months with $3,599 due at signing. Effective 6/14/2021 on Santa Fe.
2021 COMPASS, CHEROKEE, GRAND CHEROKEE: Increased lease loyalty bonus cash to $4,100 - $5,100 on Compass and $4,200 - $5,400 on Cherokee (from $1,000). Effective 6/11/2021 on Compass, Cherokee.
2021 PACIFICA, PACIFICA HYBRID: Raised lease loyalty bonus cash to $2,650 - $9,100 on Pacifica and $2,750 - $4,050 on Pacifica Hybrid (from $1,000). Effective 6/11/2021 on Pacifica, Pacifica Hybrid.
2022 MAVERICK: Launched support with 0.0% special retail financing for up to 36 months, 0.9% for 37-48 months, 1.9% for 49-60 months, 3.9% for 61-72 months, 4.9% for 73-75 months and 5.9% for 76-84 months or a special lease program. Effective 6/10/2021 on Maverick.
- "May you live in interesting times"
To quote the misattributed ancient Chinese curse, "May you live in interesting times." These are interesting times indeed for the automotive industry. Another month, another record low for U.S. new light vehicle dealer inventory. In May 2020, the Days’ Supply fell to an astonishing 23, from 33 in April 2021 and 61 in May 2020. In response, manufacturers have once again dramatically cut their new vehicle incentives. U.S. market light vehicle incentive spending tumbled to $3,052 in May, down 5.7% from April 2021 and 26.9% from May 2020. In an effort to give their dealers something to sell, several automakers have rolled out cash bonuses for consumers who trade in vehicles. Ford has even launched a new $1,000 incentive for customers who order new vehicles. Thus far, new vehicle sales have remained strong despite the supply problem. June may be the month that changes. The lack of inventory will likely have a significant impact upon sales in June. Having said that, as forecast here several months ago June appears to be close to the trough for new vehicle inventory. Recently several automakers, including Volkswagen and General Motors, have stated that they believe the supply of semiconductors will begin to improve as the year progresses. If so, that’s welcome news for the industry, but don’t expect the supply of chips to return to pre-pandemic levels any time soon. Motor Intelligence on 06/11/2021
- GM to boost spending on EVs by 30%
Big engines might one day seem old fashioned at General Motors, as it boosts spending on electric and autonomous vehicles to $35 billion through 2025. That's according to Reuters sources. The move would mark a 30% jump over GM's most recent forecast, as it continues to pursue EV leadership... yahoo! news on 06/16/2021
- Hyundai Motor Group chases local chipmakers to cut exposure to shortage
Hyundai Motor Group is in talks with South Korean chip companies to help it reduce reliance on foreign supplies amid a global shortage that has halted assembly lines at automakers around the world.. yahoo! finance on 06/16/2021
- Ford’s luxury Lincoln brand aims for half of sales to be electric vehicles by 2026
The Lincoln brand expects about half of its sales to be all-electric models by 2026, as it plans to offer new EVs across its portfolio of vehicles within the next decade. Ford announced last month it will accelerate the rollout of EVs under a new restructuring plan. Lincoln’s EV targets fall short of its largest American rival, Cadillac, which has announced plans to offer only EVs by the end of the decade... CNBC on 06/16/2021
- Daimler and Volkswagen cut working hours, citing chip shortage
Daimler and Volkswagen are cutting working hours at some of their plants as the carmakers continue to suffer from a shortage of semiconductors that has already hampered production this year... Reuters on 06/15/2021
- Nissan to idle more U.S. output amid chip woes
The global semiconductor shortage roiling the auto industry will have a significant effect on Nissan Motor Co.'s U.S. production this summer. The company plans to idle output of three Nissan models — the Murano crossover, Leaf electric hatchback and Maxima large sedan — at its plant in Smyrna, Tenn., for four extra weeks following the plant's two-week summer shutdown, which begins in late June... Automotive News on 06/15/2021
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