headwinds

Cox Automotive Forecast: July US Auto Sales Drop as Recovery Headwinds Grow

ATLANTA, July 27, 2022 – July US auto sales are expected to show very little change from June’s results as a lack of supply continues to batter the new-vehicle market. According to the Cox Automotive forecast released today, the seasonally adjusted rate (SAAR) of new-vehicle sales in July is expected to rise slightly to 13.2 …

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Stellantis earnings: Record results for the first half despite rising costs, chip headwinds

Stellantis this year rolled out an ambitious plan to double annual revenues by 2030 and turn its range from traditional combustion engines to EVs. “We are ahead of Tesla in Europe in electric vehicle sales, and not far from Volkswagen,” Palmer said on Thursday. CEO Carlos Tavares said Stellantis, whose brands include Jeep, Ram, Chrysler, …

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