March sales drop

Discover the latest news about cars, electric vehicles and more with the Headlight News Podcast

Every week reports on top news and events related to new vehicles, car reviews, car trends and people every week. Then we put it all into our week Lamp News Podcast. The tour includes news, features, reviews, and more.

New vehicle sales are expected to fall more than 20% with inventory levels remaining at record lows.

New car sales are expected to decline at least 20% in April despite strong demand for new cars, according to JD Power. Sales results were in red for each month of 2022 as inventory levels remained low, including in April when it was less than a million in the US

Some other stories you need to know include:

  • General Motors and Ford reported first-quarter earnings. GM’s results were slightly lower than in 2021, but it was still profitable and exceeded analysts’ expectations. However, Ford reported a loss of $3.1 billion, which was attributed to a $5.4 billion loss in the value of its investment in Rivian. Adjusting for that, Ford was priced at $2.3 billion in black;
  • Tesla is recalling about 48,000 Model 3 Performance Sedans for speedometer issues when the car is in lane mode. The electric car maker recalled 1.4 million vehicles last year;
  • Ford has begun production of salable versions of its full-size all-electric F-150 Lightning pickup truck at the Rouge Electric Vehicle Center outside Detroit. CEO Jim Farley also revealed plans to build a second all-electric pickup truck at the BlueOval City complex in Tennessee once complete. It is widely expected to be a version of the Ford Ranger;
  • Dodge brand chief Tim Kuniskis has revealed plans to build a second SUV for the brand. The new model will be a hybrid and will share a platform with Alfa Romeo Tonale; And,
  • Acura has officially brought back the fan-favorite Integra.
F-150 Lightning - on AGV
• Ford has begun production of salable versions of its full-size, all-electric F-150 Lightning pickup truck at the Rouge Electric Vehicle Center outside Detroit.

Executive Editor Joe Szczesny notes that GM and Ford reported lower-than-expected profits. While Ford’s loss was largely due to the paper fees it incurred for a loss in value on its investment in Rivian, the two companies also struggled with other issues such as paying more for materials and transportation. Despite these issues, both pledged to continue their electrification efforts, which was confirmed by the debut of the Cadillac Lyriq EV nine months ago and the ongoing production of the Ford F-150 Lightning.

Mazda used to be the company best known for its Zoom-zoom, but a week later at the 2022 CX-5, Managing Editor Michael Strong was even more impressed by the room. While many complain about the lack of exterior design differentiation for crossovers, the CX-5 is unique enough to be picked easily from a crowded Saturday parking lot. It also offers plenty of interior space – even for larger men – plus extremely comfortable and stylish leather seats, heated front and rear. While the technology could use some improvements to make it easier to use, it wasn’t unusable. Equally important, he is a spirited driver who is able to easily handle the demands of daily traffic. Mazda has always offered good bang for the buck, and the CX-5 carries on that tradition.

Looking at this week, managing editor Michael Strong notes that while last week was about numbers, this week it will be, albeit different numbers: sales as well as earnings. Stellantis will announce its Q1 results after GM and Ford last week. April sales, which are expected to decline, also come in the early part of the week.

This week’s study in Automotive History, Executive Editor Larry Printz notes in 1931 that Ferdinand Porsche founded Porsche GmbH in Stuttgart, Germany. Yeah. that Porsche. In 1953, Kaiser Automotive made the decision to purchase Willys Automotive, extending the life of Kaiser by more than a decade.

Find out more about the history of the industry and more by listening to the latest edition of TheDetroitBureau from Lamp News Podcast by clicking here. And look for a new episode every Monday!

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2 thoughts on “Discover the latest news about cars, electric vehicles and more with the Headlight News Podcast”

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