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May 2021

These are the major export destinations for the South African automotive industry

2021-05-28
By: Herb D. Nieves
On: May 28, 2021
In: Car industry

Exports accounted for 60% of vehicle production in South Africa last year. Since the formulation of the Automotive Industry Development Plan (MIDP) in the 1990s, the South African automotive manufacturing industry has moved from its apartheid-era protectionist model which saw it produce many different variants at low volume, to aRead More →

Shortage of computer chips paralyzing the automotive industry, the KIA factory temporarily closes | News

2021-05-26
By: Herb D. Nieves
On: May 26, 2021
In: Car industry

ATLANTA (CBS46) — Auto dealers are bracing for lean months as computer chip shortages cause supply nightmares thanks to the pandemic. “We expect July and August, and June, to be three of the toughest months,” said Peter Kusminsky, Audi Atlanta sales manager. “On the (Audi) Q3 front, we hope toRead More →

Auto industry hit hard by pandemic and chip shortage

2021-05-24
By: Herb D. Nieves
On: May 24, 2021
In: Car industry

Pat Goldwait, general manager of Joe Myers Ford in Jersey Village, holds his breath for what’s next. “We’ve had the pandemic, the frost, the flea shortage, if the locusts come I’m going to put lamb’s blood over my door,” Goldwait said of the almost biblical challenges his dealership and lRead More →

What is driving the rapid growth of the used car industry in India?

2021-05-10
By: Herb D. Nieves
On: May 10, 2021
In: Car industry

Used car sales are expected to grow at a CAGR of 10% by 2024, as estimated by SIAM. The Indian used car industry is divided into organized, semi-organized, unorganized and customer to customer segments. Through HT automatic office | Updated: 10 May 2021, 10:51 With the second wave of Covid-19Read More →

Shortage of semiconductors has a ripple effect on the new and used auto industry

2021-05-07
By: Herb D. Nieves
On: May 7, 2021
In: Car industry

RALEIGH, NC (WNCN) — If you’re looking for a car, you might find that there are few new ones, causing used car prices to skyrocket. There’s more than just an engine inside your vehicle – it’s literally a computer on wheels. And that creates problems for buyers and sellers. “WeRead More →

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