icon-branding Events Icon Created with Sketch. Inventory Icon Created with Sketch. icon-mail-hovericon-mail Marketing Icon Created with Sketch. icon-operationsicon-phone-hovericon-phone Product Training Icon Created with Sketch. Sales Icon Created with Sketch. Service Icon Created with Sketch. icon-social-fb-hovericon-social-fbicon-social-google-hovericon-social-googleicon-social-linkedin-hovericon-social-linkedinicon-social-rss-hovericon-social-rss icon-social-twitter Created with Sketch. icon-social-twitter-hovericon-social-twittericon-social-youtube-hovericon-social-youtube

News Coverage

Slowing OEM Production to Fuel Affordability Challenge, Analyst Says

Share

Facebook Share Twitter Tweet Linkedin Share Email Email

Recent OEM exits of lower-priced vehicle segments will limit availability and squeeze auto affordability in 2019, said Jonathan Smoke, chief economist at Cox Automotive Inc.

“We’re starting to see announcements from major manufacturers about ceasing production of mostly more affordable cars, and so that reduces the number of units available for sale,” Smoke said.

In late November, General Motors announced plans to scrap production of most sedans and small cars by 2020. In April, Ford Motor Co. announced the cancellation of various U.S. sedan models to focus on more popular SUV and truck segments.

Read more

Sign up here to receive bi-weekly updates on news and trends dominating the automotive industry.