MARCH 31, 2023

Canadian Vehicle Production on Upswing – at Least for Now

Inventories are rising as supply chains recover and more computer chips become available. Unfortunately, high interest rates and high inflation are curtailing demand, says Global Automakers of Canada President and CEO David Adams.

Autoline Daily 2023: Top Industry News for March 31

Toyota Developing Auto PHEV Charger; Tesla & CATL Want U.S. Plant; Senator Threatens IRA Lawsuit

VW Group’s Russian Assets Frozen in Contract Controversy

Russian media reports have indicated GAZ may have wanted to acquire the two VW plants in Russia for itself, considering other foreign automakers such as Mercedes-Benz left the country after selling their assets to local partners for far below their market value.

Automaker Advertising Leans Into March Madness

The “Best-Selling” commercial from Chevrolet has moved steadily up iSpot.tv’s ranking in recent weeks, generating 229.8 million TV ad impressions thanks in part to men’s basketball.

Renault Claims Production Cost Cut for new BEV Platform

From TU-Automotive
Renault has revealed details of its future generations of BEVs using a new electric specific platform to make its first appearance in the Renault 5 next year.

March U.S. Light-Vehicle Sales, Inventory Pegged for Solid Gains; First-Quarter Deliveries to Rise 7%

For Wards Intelligence Subscribers
Though gradually improving, inventory remains the story behind why sales remain low by historical standards. There are underlying crosscurrents related to the economy, rising interest rates and geopolitics, among others, that are helping stanch demand, but lack of inventory is the main reason growth is not significantly stronger (and even largely why prices are stuck at elevated levels - though that headwind is lessening as inventory rises).

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