JULY 23, 2021

Used-Vehicle Demand Adds Black Ink to Ally’s Bottom Line

Ally says the $5 million net recovery on charged-off auto loans for the quarter was a first in the 102-year history of Ally and its predecessor company, General Motors Acceptance Corp.

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U.S. Far From Domestic Supply Chain for EVs

The U.S., EU, Australia and Japan want to develop their own supply chains for raw materials for EVs and, while it can be done, it won’t be easy and will take years to develop even with generous government subsidies.

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Chip Shortage Forces 1-Week Idling of Four GM Plants

Wards Intelligence/LMC Automotive is forecasting production of 4.2 million units in the third quarter, a 5-year high for the quarter. But production could be much higher if the microchip shortage, as well as other disruptions in the supply chain, were not a hindrance.

Jeep Has Most-Watched Auto Ad for Third Straight Week

The No.1 ad for the week of July 12, entitled “Wildly Civilized,” promotes the Jeep Grand Cherokee midsize SUV.

When All Signs Point to Vehicle Electrification, Dealers Must Follow

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