Interest rates will continue climb, eating into inventory improvements’ effect.
Report shows used models in particular to fall as new-car inventory improves.
The move will affect 1,350 employees who will be indefinitely laid off at the Belvidere, Illinois, plant.
Most reporting carmakers have supply days in the double digits.
CDK Global offering polls U.S. customers on car availability and more.
CEO Carlos Tavares reported he expects the semiconductor supply chain to remain tight until the end of 2023.
Subaru profit jumped 25% in the latest quarter as the automaker recovered production, ramped up sales and cashed in on favorable exchanges rates.
The House is expected to also pass the bipartisan bill that earmarks billions of dollars to boost domestic semiconductor production.
Volvo Cars points to a potential slump in retail sales in 2022 after posting higher second-quarter profits.
GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.
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