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Used vehicle costs to rise due to computer chip shortages

By Betty C. Morrow 1 month ago

Get ready to pay higher prices for used cars.

A dearth of semiconductor chip production is cramping new-vehicle production , limiting the availability of certain models in the coming months and threatening to raise used-car prices as buyers hunt for alternatives.

The shortages of chips, a result of the pandemic, are rippling through the automotive industry, undercutting production at General Motors, Ford, Honda, Toyota and other companies.

The upshot is that the used-car market, in particular, is poised for significant disruption – likely in the form of higher prices.

A similar thing happened in 2020 when automakers were forced to temporarily stop the production of most new vehicles due to COVID-19 lockdowns. That drove more buyers into the used market, increasing prices.

“The used-car market went haywire,” says Ed Kim, vice president of industry analysis for AutoPacific. “I’m expecting to see more of the same thing year, but for

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Karma prices GS-6 plug-in hybrid arriving soon, teases electric SUV due in 2022

By Betty C. Morrow 3 months ago

Karma Automotive Monday revealed pricing for its more affordable plug-in hybrid luxury car, the GS-6. 

With its arrival this month, the GS-6 starts at $83,900. A high-performance GS-6S model starts at $103,900. A fully electric GSe-6 model, set to arrive late this year with a choice between two battery packs—Luxury and Long Range—starts at $79,000. 

It also teased what’s next for the California-based carmaker: the GX-1 Series, an SUV to be built on a new global platform, in both battery electric and extended-range EV versions. This model will be due for first deliveries in 2022, the company revealed.

Karma GX SUV teaser

Karma GX SUV teaser

There’s a lot more backstory, however, for the company that started seven years ago and has roots in a design—the FIsker Karma—that predated the Tesla Model S as a sexy green car.

Remakes over reinvention

The GS-6 is essentially a repositioning of the Revero GT

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Ford Asks Texas Car Dealers to Loan Out Trucks with Generators amid Power Outages Due to Winter Snowstorm

By Betty C. Morrow 3 months ago

Getty Images

Ford Motor Co. is hoping to lend a helping hand as millions of people in Texas are without electricity after an unprecedented winter storm tore through the state.

On Thursday, the automaker issued a letter to its dealerships in the Lone Star State asking them to loan out F-150 trucks to those without electricity so they can use the vehicle’s onboard generator as a source of power, according to Automotive News.

“For well over a century, Ford Motor Co. and our dealer partners have been there to support and serve our communities in time of need,” the letter said, per the outlet. “Our Texas communities need all the support they can get right now. You can make a significant difference in our community by providing assistance during these very tough times.”

Ford reportedly said in its letter that there are about 415 pickups within its Texas dealerships

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Automotive Glass Market Gain Impetus due to the Growing Demand over 2020-2030

By Betty C. Morrow 3 months ago

Future Market Insights has announced the addition of the “2020 Analysis and Review: Automotive Glass Market by Glass Type – Laminated Glass and Tempered Glass for 2020 – 2030” report to their offering.

The  automotive glass market  is likely to surpass US$ 16.8 billion through 2030, according to a new research study by Future Market Insights.

According to the study, high strength and lower price structure drives the adoption rate of the automotive glass but inadequate standardization continue to hinder the market growth prospects.

“Car companies are incorporating glass canopies while also fuelling the use of automotive glass in rear view mirrors and electronic sensors,” says the FMI Analyst.

To Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2262

Automotive Glass Market – Key Highlights

Tempered automotive glass accounts for 65% of revenue share.
Electric section will remain lucrative in the automotive glass market during the assessment period.
East Asia

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