Although US retail sales of new cars this month are expected to grow 3.7% from a year before, the total of 1.2 million vehicles will be down from the expectations established by preceding months. That's according to LMC Automotive and J.D. Power, whose analysis also says that the supply squeeze points to record dealer profits from new cars, with Thomas King noting that "consumers will spend more money buying new vehicles than ever before in the month of July."
Ford is refurbishing a 270,000-square-foot facility in Romulus, Mich., and plans to open the Ford Ion Park learning laboratory in 2022. The facility "will help Ford speed up the battery development process," says site leader Anand Sankaran.
Tesla will delay the launch of its all-electric Tesla Semi to next year. The manufacturer cited "the limited availability of battery cells and global supply chain challenges" as reasons behind the delay.
Solid-state batteries could become a viable alternative for electric vehicles by the end of the decade, according to experts at a virtual summit hosted by SAE International and Battery Technology. Bob Galyen, chairman of SAE International's Battery Standards Steering Committee, said solid-state batteries could start "to play a role sometime in the next seven to 10 years."
The Small Business Association is further easing the process for seeking forgiveness on Paycheck Protection Program loans as it steps up efforts to wind down the nearly $1 trillion aid program. The SBA encouraged all firms that borrowed $150,000 or less to seek loan forgiveness.
Small-business owners can attract and delight new customers by improving digital operations, writes columnist Mark Tina. Utilize new channels to communicate with your fans, offer a variety of different delivery options, and remember that contactless payments have quickly become a new trend -- one that's important to adopt as a payment solution.
The bipartisan infrastructure plan's total of $15 billion in loans and grants for an electric-vehicle charging network lines up with what the Biden administration has proposed, Energy Secretary Jennifer Granholm says. However, Granholm notes that consumer incentives to buy EVs are currently missing in the Senate's plan, although they may eventually be included in a reconciliation measure.
A rare racing version of Honda's mid-engine NSX is coming up for auction in Japan. This example is based on the NA2 model of 2002, an even rarer vehicle, and includes extensive carbon-fiber parts, a 290-horsepower V6 and six-speed transmission.
America's Auto Auction Kansas City is excited to announce their 11th annual Guitars and Cars Sale, Aug. 11 to 12, 2021. Hudson Drive and Justin Moore will perform live on America's Auto Auction Kansas City Stage during the event.
KAR Global Recognizes Employees' Success
Three employees in the KAR Global family have been selected as honorees to the 2021 Auto Remarketing Canada's Under 40 class. They've been chosen because of their dedication to the industry. The three employees include David Lingard, vice president of legal at ADESA & TradeRev; Eric Carette, district sales manager at KAR Global; and Amine Taha, customer service manager at AutoVIN Canada.
NAAA Exhibit Hall and Sponsorships Available
The 2021 NAAA Convention exhibit hall and sponsorship opportunities are live on the NAAA website. Reach out to the NAAA today for details and availability. We look forward to working with you.
If the ends don't justify the means, then what does?
Bob Moses, civil rights activist, educator 1935-2021