![]() The House of Representatives is expected to vote on the discriminatory $4,500 union-built EV tax credit soon.ĭealers and their employees should contact their Members of Congress and urge them to oppose this proposal that will divide American workers and play politics with car sales. The association, which launched an awareness campaign Monday to bring attention to the proposal's potential employment and environmental consequences, said the policy would "pit American workers against one another and limit consumer choice." Read more here (Source: Automotive News). In a letter sent Thursday to House Speaker Nancy Pelosi, executives from automakers including American Honda Motor Co., Toyota Motor North America, and Volkswagen Group of America called for "policies that offer incentives to all electric vehicles made by all American auto workers" and to oppose "policies that slow progress toward meeting our nation's climate goals." The American International Automobile Dealers Association also urged House leaders to oppose the EV tax credit proposal in a separate letter sent Thursday. House of Representatives to support broader tax credits for electric vehicles in the Democrats' $3.5 trillion reconciliation bill. executives from 12 international automakers are urging the U.S. 12 Auto Execs Push House Speaker Pelosi for Broader EV Tax Credits ![]() Read more here (Source: The Wall Street Journal). Frustration is occurring among buyers of both new and used cars, as vehicle supplies are scarce across the board. With inventory tight, consumers are having to pay top dollar to get the vehicle they want, prompting some shoppers to hold off on purchases. ![]() A significant driver behind the decline is a lack of car-and-truck inventory as auto makers continue to confront a global computer-chip shortage that is denting factory output and expected to last into next year, according to dealers, analysts and auto executives. Power forecast auto-industry sales will total 3.3 million for the July-to-September period, a 13% drop from the year-earlier quarter. sales on Friday, with analysts predicting that quarterly results will fall for the first time this year. The auto industry’s more than yearlong struggle to get more vehicles on dealership lots is starting to wear on car shoppers, some of whom are giving up and dropping out of the market until the situation improves, reports The Wall Street Journal.Major car companies are expected to report third-quarter U.S. Low Auto Inventory and Higher Prices Wear Down Frustrated Car Shoppers
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