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Car Prices Are Starting to Ease as Pandemic Supply-Chain Issues Fade

Cox Automotive inc

Bloomberg, June 30, 2023 – The US new-car market is returning to pre-pandemic norms as supply-chain issues resolve, forcing carmakers to ramp up deals to sustain sales growth. The annual pace of new-car sales likely rose to 15.6

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Media post: Tyrell Evans Explains the Evolution of the Used Luxury Car Market in Ontario Since the Pandemic

Best Selling Cars Blog

Tyrell Evans noted, “The market for used luxury cars grew as consumers looked for deals that offered more value for their money without compromising on quality or status.” This rise contrasts with the new car market, which experienced more significant supply chain disruptions leading to inventory shortages.

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BMW Will Recycle All Of Its Old EV Lithium-Ion Batteries In The US

Carscoops

Redwood Materials can return 95-98% to the battery supply chain. Redwood was founded in 2017 by Tesla co-founder and former chief technology officer JB Straubel and has other recycling deals with Ford , VW, and Volvo. EVs, plug-in hybrids, and mild-hybrids from BMW, Mini, and Rolls-Royce will all have their batteries recycled.

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Media post: Global Car Sales Trends: What to Expect in 2025 and Beyond

Best Selling Cars Blog

Challenges: Supply Chain Issues & Chip Shortages Despite positive predictions for car sales in 2025, the industry faces significant issues which can slow down the expected market growth. However, the industry may meet supply chain problems and other challenges which should be navigated and eliminated to minimize possible risks.

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Dealers Brace For The Next Pandemic-Related Supply Issue: Fewer Lease Returns

Carscoops

Thanks to the low inventories at dealer lots and high demand for vehicles, lessees looking for new cars couldn’t find the same kind of deals they’d availed of previously, prompting them to buy their vehicles outright or resell them for profit. Power’s Jominy.

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New Sunderland plant will build motors for next-gen Nissan EVs

Autocar

Operated by Japan Automatic Transmission Company (JATCO), a firm majority owned by Nissan and which already produces transmissions for other car makers including Renault, the new factory will directly create 183 new jobs, with an additional 400 claimed to be made throughout the wider supply chain.

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Grant Thornton completes sale of Just Tyres

Motor Trader

We have several ongoing deals in the sector and expect M&A activity to increase as the industry evolves and adapts to changing market dynamics and regulations.” The transaction is the latest high-profile deal for Grant Thornton in the automotive sector.