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Cars Are 2021 s Toilet Paper - US Automakers Report Blowout First Quarter As EV Sales Soar

by Tyler Durden The major automakers look to finally be back.  And this time around, they re selling EVs, too. The only explanation that I can even muster is that cars are 2021’s version of toilet paper in 2020, said Chad Wilson, general manager of Wilson Ford in Saginaw and Midland Ford. We are taking a lot of retail orders because we don t have anything (in stock). Normally between our two stores, we d have 150-180 F-series in stock. I think right now there might be 10. I do think there’s an element of fear of missing out. GM said its U.S. retail deliveries were up 19% in Q1, the company s first number reported against pandemic-impacted comps. The automaker sold 642,250 vehicles in the U.S. in the first quarter of 2021, according to Bloomberg. While retail sales were up 19%, fleet sales were down 35%

Auto industry rethinks cost-cutting playbook as COVID-19, chip shortages disrupt supply chains

6 Min Read DETROIT (Reuters) - After a year of getting hammered by the pandemic, a semiconductor shortage and storms that snarled Dana Inc’s global supply chain, the auto parts maker is reaching for a new playbook. Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, U.S., March 29, 2021. Picture taken March 29, 2021. REUTERS/Rebecca Cook Many automakers and suppliers like the Ohio maker of axles, driveshafts and other auto parts, are deciding that securing their supply lines is the most pressing order of business. Dana’s Craig Price, senior vice president of purchasing and supplier development, is pushing companies in his supply network to change the way they do business, stepping away at times from the just-in-time, lean production practices that have guided automotive manufacturers for nearly 40 years.

Auto industry rethinks cost-cutting playbook as COVID-19, chip shortages disrupt supply chains

Auto industry rethinks cost-cutting playbook as COVID-19, chip shortages disrupt supply chains
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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