Demand

INDIANA IN-DEPTH: Chip shortage puts news, used vehicles in high demand | Across Indiana

Currently in the market for a new or used car? If so, be prepared for some sticker shock, at least for the foreseeable future.

According to the analysts at automotive resource company Edmunds, new car inventories have been strained for months due primarily to a combination of global semiconductor chip shortages and supply chain disruptions connected to the COVID-19 pandemic.

After digging into the potential impacts of those factors, the company recently reported that new vehicle inventory at dealerships nationwide was down by 48% this spring compared to a year ago, with inventories continuing to fall in the summer. And while the company does predict that new car inventories will begin to steadily rebuild beginning in September, the anticipation is that inventories will remain well below their pre-pandemic levels through 2022.

“New vehicles — particularly new trucks and SUVs — are basically the 2021 equivalent of toilet paper and

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GKN Automotive accelerating advanced development of next-generation 800V eDrive technologies as EV demand increases

GKN Automotive Logo 2021 CMYK Master.jpg 

GKN Automotive accelerating advanced development of next-generation 800V eDrive technologies as
EV demand increases

· GKN Automotive extending its leadership of eDrive technologies by rapidly developing next generation systems in response to increasing EV demand
· All-new technology will employ 800V systems
· Future eDrive systems will speed up charging times, enhance battery range, reduce weight and improve performance
· Rapid development of next generation systems, accelerated further through partnership with Jaguar Racing in the ultra-competitive Formula E series

London, UK, 20 July 2021 GKN Automotive, the global leader in drive systems, is accelerating its development of next generation eDrive technologies in response to the rapidly increasing global demand for electrified vehicles.

These future systems, utilising and harnessing state-of-the-art 800V technologies, are already at advanced stages of development and being tested in real-world conditions. GKN Automotive’s global experts are now working with the world’s 
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Car makers demand smooth trade links ‘closer to home’ after Australia agreement

Car makers have called for smooth links “closer to home” following the UK’s free trade deal with Australia.



a person standing next to a car engine: Car makers have called for smooth links ‘closer to home’ following the UK’s free trade deal with Australia (Martin Rickett/PA)


© Martin Rickett
Car makers have called for smooth links ‘closer to home’ following the UK’s free trade deal with Australia (Martin Rickett/PA)

Figures released by the Society of Motor Manufacturers and Traders (SMMT) show the UK sold 20,000 cars to Australia in 2019, compared with 578,000 to the EU.

A Downing Street statement claimed the agreement with Australia means car makers in the Midlands and northern England will see “tariffs of up to 5% cut, boosting demand for their exports”.

SMMT chief executive Mike Hawes said: “Australia is an important growth market and the industry welcomes the agreement in principle of a trade deal between the two countries.

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Equinor Targets Renewables Investment by 2030

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“If tariffs can be

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More car buyers looking out of state as inventories trail demand

Cars.com found 10% of recent car buyers went over state lines for their vehicle.

Nearly 1 in 10 recent car buyers, according to data from Cars.com, purchased their new vehicle in another state — with more than half driving at least 25 miles to a dealership.

Kelsey Mays, assistant managing editor of the automotive website, said increased demand and a global microchip shortage are to blame.

“There’s just no inventory right now,” Mays said in an interview with ABC News. “With lower inventory comes higher prices, with higher prices comes consumers having to travel more.”

Many microchip manufacturers halted production during the pandemic, Ivan Drury, senior manager of Insights at Edmunds, told ABC News. Car companies cut back on chip orders while other technology companies bought as many chips as they could.

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