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Global automakers report huge sales increases in spite of pandemic and chip shortage, due to ramped-up exploitation of workforce


Global automakers report huge sales increases in spite of pandemic and chip shortage, due to ramped-up exploitation of workforce
Auto companies reported substantial sales increases for the second quarter of 2021 compared to the same time last year, in spite of an ongoing worldwide microchip shortage which has idled much of the world’s auto production. Some corporations have reported sales numbers that reveal a closing of the gap between post- and pre-pandemic production. However, Wards Intelligence, an analytics firm which tracks auto sales, shows US light vehicle sales were down last month, with 1.3 million cars sold compared to 1.6 million in May of this year. ....

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U.S. quarterly auto sales jump on strong SUV demand, shift to EVs


By Reuters Staff
3 Min Read
(Reuters) -U.S. automakers on Thursday reported a sharp rise in quarterly sales on strong demand for SUVs and pointed to the trend continuing into 2022, as more people shift to private conveyance and new electric vehicles (EVs) line up for launch.
FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook
Low interest rates, government stimulus and a preference for personal transportation due to the COVID-19 pandemic have bolstered demand for cars, even as prices have risen due to tight inventories following a global semiconductor shortage. ....

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