New Vehicle Inventory Stuck Near Record Low, Shortages Shift to Fuel-Efficient Cars, Prices Hit Record. But Used Vehicle Price Spike Runs out of Fuel amid Plenty of Supply

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Still the strangest auto market ever. By Wolf Richter for WOLF STREET. The inventory shortages at new vehicle dealers continue unabated, and inventories remain desperately low, but the shortages are shifting, as demand has shifted, and there is now supply piling up, for example at Ram dealers, while fuel-efficient vehicles are essentially sold out, and EV models have … Read more

GM is far behind Tesla in electric vehicle sales. CEO Mary Barra has bet the company that will change

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GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the company for its role in … Read more