The EV share of loan and lease originations in the fourth quarter was about 4.6%, vs. 2.3% in like-2020. Even with the increase, the Tesla brand still dominates the segment.
As a child, Larry Shinoda spent two years in a Japanese internment camp during WWII. He went on to design some iconic vehicles for Detroit, but never got the credit he believed he deserved for the Jeep that helped launched America’s modern SUV wave.
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The Russian invasion has shut down auto factories, hit steel supplies and severed transportation routes. Commodity prices are soaring for sunflower oil, natural gas and wheat, The Wall Street Journal reports.
Critical shortages of computer chips used in cars and trucks are fueling a rift between automakers and their dealers, and the divide is likely to grow deeper as automakers make a radical shift to electric vehicles, says Rick Haglund in Michigan Advance.
Buyers say dealerships are pushing them to borrow because they make more money that way. The hot car market is giving them the opportunity, The Wall Street Journal reports.
That’s our WardsAuto Dealer 5 for today. We’ll be back soon with more high fives. And to reach the editor for whatever reason (i.e. comments, complaints, questions, directions), contact Jim Irwin at jirwin@wardsauto.com . OK, finally... Forward this alert to dealership colleagues. The more in-the-know people at your place, the better it is. Over and out. Now for the legal stuff...
