GM to Replace all Battery Modules in Recalled Chevy Bolts
General Motors will replace all battery modules in Chevrolet Bolts that were recalled last month, rather than only defective modules, the automaker said.
The module replacements, which could start as early as this month, come after GM recalled its 2017-2019 model year Bolt battery-powered cars for the second time in less than a year. Two fire incidents were reported after the initial recall, including one in a Bolt that had updated software. Affected customers can visit certified EV dealers for the repair.
Toyota Pre-Approvals Required for Orders
Toyota will require pre-approval from our client’s Toyota representative prior to order. Without approvals, factory orders will not be able to be placed for the following 2022MY vehicles:
– Highlander
– Highlander Hybrid
– RAV4
– RAV4 Hybrid
– RAV4 Prime
– Sienna
– Tacoma
Aug 2021
Ford Mach-E Deliveries Delayed at Least 6 Weeks
Ford Motor Co. is preparing to inform Mustang Mach-E customers that the global semiconductor shortage will delay some vehicle deliveries by a minimum of six weeks. Mach-E production at Ford’s Cuautitlan, Mexico, assembly plant will continue; the delay concerns vehicles that have already been built and are awaiting chips.
“The global semiconductor shortage continues to affect global automakers and other industries in all parts of the world,” Ford said in a statement. “We are working closely with all of our key suppliers to address production constraints tied to this global semiconductor shortage so we can continue to build Mach-E vehicles, and get them to our customers as quickly as we can.”
Aug 2021
Volvo Halts Production
Volvo Cars will temporarily stop production at its Swedish plant in Gothenburg due to the shortage of semiconductor chips. The automaker said output will restart “as soon as possible, at the latest before next week.”
Aug 2021
GM Production: Semiconductor Shortage’s Impact
Semiconductor supply remains an issue that is affecting the entire industry. GM’s Global Purchasing and Supply Chain, Engineering and Manufacturing teams continue to find creative solutions and make strides working with their supply base to mitigate the impacts of the situation. The semiconductor shortage remains a fluid issue and GM continues to focus on leveraging every available semiconductor to build and ship their most popular products to their customers.
GM has confirmed the following impacts to production at several of their assembly plants:
Spring Hill Assembly (Tennessee) and Ramos Assembly (Mexico) will both resume full production on Monday, August 9th.
Both plants had been down since Monday, July 19th.
Spring Hill builds the Cadillac XT5, Cadillac XT6 and GMC Acadia.
Ramos builds the Chevrolet Blazer and Chevrolet Equinox.
Flint Assembly (Michigan), Silao Assembly (Mexico) and Ft. Wayne Assembly (Indiana) will all take downtime for the week of August 9th. GM expects all three plants to resume full production on Monday, August 16th.
Flint builds the Chevrolet Silverado HD and GMC Sierra HD trucks.
Ft. Wayne builds the Chevrolet Silverado 1500 and GMC Sierra 1500 models.
Silao builds the Chevrolet Silverado 1500 and Cheyenne (for Mexico) and GMC Sierra 1500.
Lansing Delta Township Assembly (Michigan) will add an additional week of downtime (week of August 9th).
LDT had been scheduled to resume production Monday, August 9th and has been down since Monday, July 19th.
Lansing Delta Township builds the Chevrolet Traverse and the Buick Enclave.
San Luis Potosi Assembly (Mexico) and CAMI Assembly (Canada) will add an additional two weeks of downtime (weeks of August 23th and August 30th).
Both San Luis Potosi and CAMI had been scheduled to resume production Monday, August 23th and has been down since Monday, July 19th.
San Luis Potosi builds the Chevrolet Equinox and GMC Terrain.
CAMI builds the Chevrolet Equinox.
Subaru Recalls 165k Vehicles for Potential Fuel Pump Defect
Subaru of America is recalling 165,026 vehicles for a potential fuel pump defect that could cause an engine stall while driving, increasing the risk of a crash, the National Highway Traffic Safety Administration said.
The recall, issued July 29, includes certain 2019-2020 Ascent, 2018 Forester and 2018-2020 Impreza, Legacy and Outback vehicles. It also covers 2018-2019 BRZ, WRX and Toyota 86 vehicles. The affected vehicles may have a low-pressure fuel pump that may include an impeller manufactured with a lower density.
Dealers will replace the low-pressure fuel pump in the vehicles free of charge. Owner notification letters are expected to be mailed Sept. 13.
Aug 2021
Toyota Discontinues the Avalon
Toyota will be discontinuing the Avalon following the 2022 model year. The final ordering month for the 22MY Avalon and Avalon HV is set for May 10, 2022.
GM Restarts Pickup Production
Flint Assembly in Michigan, Silao Assembly in Mexico and Fort Wayne Assembly in Indiana will restart full production Monday. Flint had been operating on only one shift this week, and Fort Wayne and Silao were idled. The chip shortage has hampered production for GM and other automakers since early this year. GM has prioritized chips for its lucrative full-size pickup and SUV segments over crossovers and sedans resulting in additional downtime for those segments.
Current Used Vehicle Market
Average wholesale used vehicle prices fell modestly to below $15,000 in June after reaching that threshold for the first time in May, and this moderation continued into July. Lower conversion rates (vehicles sold as a percentage of vehicles offered) are a further indication that dealers may be pushing back on high wholesale used vehicle prices. High used vehicle prices have made national news lately, as the consumer price index rose by a nearly 13-year high of 5.4% annually in large part due to a 45.2% annual jump in the used vehicle CPI. Dealer push-back may therefore reflect consumer reluctance to buy used vehicles with prices so inflated, in turn causing dealers to avoid being stuck with high-priced inventory.
Softer consumer demand for used vehicles may also be indicated by moderating retail used vehicle sales and declining CPO sales in June. According to KAR Global Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale prices in June averaged $14,652 – down 2.3% compared to May, up 12.4% relative to June 2020, and up 27.6% compared to pre-COVID/June 2019. All segments except compact cars showed month-over-month declines in average prices.
When holding constant for sale type, model-year-age, mileage, and model class segment — using criteria that characterize off-lease units — prices in June were up by over 40% versus June 2020 and June 2019 for both midsize cars and midsize SUV/CUVs. Based on NADA data, retail used vehicle sales by franchised and independent dealers in June were up 0.7% month-over-month and 2.5% year-over-year. Year-to-date through June, sales are up 21.1% versus 2020 and 3.1% compared to 2019/pre-pandemic levels.
CPO sales were down 10.9% from the prior month and down 8.8% versus last year, according to figures from Autodata. On a year-to-date basis through June, CPO sales remain up 18.0% compared to last year and 4.3% versus 2019 (Tom Kontos, Chief Economist, KAR Global).
Jul 2021
VW to Drop the Passat in the U.S.
Volkswagen of America confirmed it will drop the slow-selling U.S. Passat sedan after the 2022 model to boost plans to build electric vehicles at its Chattanooga Assembly complex.
Sales of the midsize sedan were up 13% in the first six months of 2021 over the same period the previous year, to 11,367, and up 63% in 2020 during the pandemic to 22,964, but those gains came after massive falls. VW sold 41,401 Passats in the U.S. in 2018 and 60,722 in 2017.
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