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What’s ahead for the auto industry in 2022?
From shortages of crucial semiconductor chips to shutdowns at major assembly plants, as well as skyrocketing car prices and empty dealerships, 2021 was a year to remember for auto manufacturers and consumers alike. But there were also a surge in sales of electric vehicles and an increasing shift from sedans to SUVs and pickup trucks. So what’s ahead for 2022? By some accounts, it may be more of the same, as shortages continue to leave dealers struggling for inventory and consumers facing ever higher prices. But shoppers will also find a lot more options if they’re looking for electric vehicles.
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Five ways 2021 may have forever changed the auto industry
The “2021” numerals were towed into Times Square last December by the Kia Sorento SUV after a cross-country road-trip that started at the automaker’s U.S. headquarters in Irvine, California, and covered more than 5,500 miles with stops in 15 states. Kia DETROIT – The automotive industry may never be the same after 2021, an infamous year that brought massive changes sparked by supply chain issues and the coronavirus pandemic. The supply chain issues – most notably, a global shortage of semiconductor chips – led to historically low vehicle inventories but also record pricing and profits amid resilient consumer demand and
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South Korea’s rental car companies seen leading auto transport sector’s green fuel switch
Highlights SK rent-a-car adds 4,200 electric vehicles to its fleet in 2021 Rental firms expected to absorb more than 8% of total green vehicle sales by 2025 Refiners expect gasoline demand to continue falling but exports seen stable Rental car companies are expected to play a big part in the South Korean automobile transport sector’s fuel switch from gasoline and diesel to greener energy, with SK rent-a-car and Lotte Rental absorbing a significant portion of the country’s annual electric vehicle sales, industry and market participants said Dec 10. Not registered? Receive daily email alerts, subscriber notes & personalize your
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Auto executives say more than half of U.S. car sales will be EVs by 2030, KPMG survey shows
President Joe Biden speaks during a visit to the General Motors Factory ZERO electric vehicle assembly plant, Wednesday, Nov. 17, 2021, in Detroit. Evan Vucci | AP Automotive executives think more than half of their sales will be electric vehicles by 2030, in line with President Joe Biden’s EV sales goal, according to a new survey released Tuesday by accounting and consulting firm KPMG. While estimates varied widely from more than 20% to about 90%, the survey on average that executives expect 52% of new vehicle sales to be all-electric by 2030. The same amount is expected for Japan and
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This month’s car shows unleash the future of auto design
With big events like the German Autoshow struggling this year, you might be forgiven to think that COVID-19 has killed the traditional car show. But you’d also be completely wrong. In China and the US, auto shows are back with a vengeance and they’re not taking any prisoners. In the last couple of weeks, we’ve seen a whole host of cool stuff coming out of the massive LA Auto Show and Guangzhou International Auto Show. Now, if you’re looking for some serious breakdown on what the shows’ new releases mean, you’ve come to the wrong place. Because I’m much
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