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New US light-vehicle sales in June 2022 were down year-over-year and barely up from last month. June 2022’s SAAR of 13 million units was down 16% compared with June 2021, but up 2.3% compared with May 2022. June’s sales brought the second-quarter SAAR to a total of 13.4 million units, a decrease from the first quarter’s 14.1 million. According to Wards Intelligence, inventory at the start of June 2022 was down 25% year-over-year and was less than a third of the pre-pandemic level.
“The shortage of microchips continues to limit vehicle production, but it’s not the only hurdle. Numerous other supply chain disruptions have limited OEM production, and many OEMs continue to nearly complete their vehicles and park them while they await chips. Unfortunately, these supply chain issues will continue to limit new-vehicle production, inventory and sales levels for the rest of the year,” said Patrick Manzi, chief economist of the National Automobile Dealers Association.
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IIHS: Federal Rule On Truck Under-Ride Inadequate
“IIHS crash testing has shown it’s possible to design guards that can withstand crashes with a narrow overlap, but the new rule does not require such testing,” said IIHS President David Harkey.
The IIHS said today that the National Highway Safety Administration’s announcement of an updated rule for rear under-ride protection on large trucks is an ineffective approach.
“In its long-awaited rule on truck under-ride protection, the National Highway Traffic Safety Administration (NHTSA) appears to be out of sync with the Safe System strategy adopted by the U.S. Department of Transportation (DOT) earlier this year. Continue reading →