Car prices will rise in 2022

Photo of the article titled & # 39;  It may take years & # 39;  For high car prices to go down

Shopping for a new car? Have you considered waiting until 2023? All that and more in morning shift On April 18, 2022.

Step one: Car companies can get away with it

Car companies spend years – contracts – Desperately trying to keep prices low to stay competitive in the market. But what if..every car company raises their prices at the same time? What if they all started producing only their most expensive models with the highest profit margins? What will encourage them to lower prices again?

Anyway, here’s a story from the Wall Street Journal of auto industry experts and insiders saying they can’t find a way to cut prices anytime soon:

“It could take years” before dealer stocks recover, said Steve Center, the company’s chief operating officer KiaWe worked in the United States. “You won’t see incentives, because we’re still selling everything we can make.”

Automakers entered this year optimistic that the chip shortage will gradually recede. But it continues intermittently Reducing vehicle production Globally, along with other disruptions, from the war in Ukraine to the restrictions of Covid-19 in China.

[…]

Even as car companies try to make a fuss regarding new showroom offerings, a long period of low inventory continues to leave auto shoppers with few good alternatives and keep prices high.

After rising to record levels, the amount Americans have been paying to buy new cars has shown some signs of stabilization in recent months. In March, the average transaction price — or the outside price paid — fell slightly for the third month in a row, to about $43,700, according to JD Power.

However, the research firm reported that it is about 26% higher than it was before the pandemic, when the average transaction price was $34,600 at the end of 2019.

As long as car companies can get away with high prices, I don’t expect this to end.

Second gear: BMW says it won’t cut jobs in electric car transmission

It’s usually a reminder that companies blame things for job cuts – they can prioritize job retention if they choose. Here BMW says it won’t blame any job cuts for its transition to battery-powered cars, such as financial times Reports:

BMW won’t cut a single employee in the transition from combustion engines to electric models, its CEO has vowed, even as economists predict tens of thousands of jobs will be lost across the industry.

“We are not going to have a job loss because of the shift,” Oliver Zipse said. “At the end of the day, perhaps already in this decade at our factory in Munich, there will be all-electric production without anyone losing their job.”

His comments come as the European auto sector and leading economists warn that plans to ban petrol and diesel cars will lead to mass unemployment.

In general, electric cars have fewer parts than ICE cars. In theory, electric vehicles require less maintenance, too. Parts suppliers have claimed job cuts are coming, and I don’t see it Why can’t we get the promises of jobs in the transition period.

Third gear: 2023 Kia Niro EV Goes to 50 Countries at Large

I drove the current Kia Niro EV last week and really enjoyed it in Southern California, with warm weather and plentiful chargers. Wondering what a car would be like in Topeka, KS? Or Lincoln, Nebraska? Or Minot, North Dakota? Definitely! Now the Niro EV will go on sale in all 50 states, such as Car News Reports:

The automaker said, last week, that the second generation of the Kia Niro 2023 electric crossover, one of three available types of electric vehicles, will go on sale in the United States this summer in all 50 states. The current generation of electric vehicles is only sold in certain cases.

“Part of our strategy for Electric is to sell electric cars everywhere, not just to comply with regulations and exempt states, or standard states in California,” said Steve Center. Operations Manager at Kia America. “People want electric cars across the country.”

Fourth gear: Ford Dawn at 19 percent In China Q1

We reported GM fell about 20 percent in the first quarter in China, so perhaps it’s no surprise that Ford fell by the same amount. from China auto news:

Ford Motor Company. Its joint ventures sold nearly 125,000 vehicles in China in the first quarter, down 19 percent from the same period last year.

Ford’s China unit blamed the decline on continued Semiconductors Chip shortage and the negative impact of the coronavirus outbreak in the country.

Lincoln’s shipments rose 0.8 percent to 19,471 during this period and Ford-branded passenger cars fell 17 percent to 46,719.

Fifth gear: Hongqi Super Luxe Chinese SUV for sale in Israel

I am glad that China’s sexiest brand has succeeded in building Cadillac Lyric ahead of Cadillac. You can see the thing on China auto newsreporting the Israeli release of the model:

Israel is not the first country to export Hongqi to. In September 2021, Hongqi held a ceremony to launch E-HS9 in the Norwegian market and announced its entry into the European market. Hongqi also exports to other countries such as Russia, Kuwait and the United Arab Emirates.

In Hongqi’s global strategy, European users will gradually learn about the Hongqi brand through the E-HS9 model, starting with Northwest Europe. In the future, Hongqi plans to launch products for small and medium SUVs and sedans to enrich its product range in the European market and customer requirements.

The opposite: I always respect the plan that is only …

Let’s see what would happen if we detonated a really big bomb?

Neutral: How are you?

I’ve planted tomatoes, eggplant, and some herbs for this spring. Buds appeared on the trees outside my window.