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Average Age of Vehicles in the U.S. Increases to 12.2 Years, According to S&P Global Mobility
The average age of light vehicles in operation (VIO) in the US rose to 12.2 years this year, increasing by nearly two months over the prior year, according to new research from S&P Global Mobility (formerly the automotive team at IHS Markit).
Read MoreStagflation Would Raise Liquidity, Refi Risk for Some U.S. Industrials
Stagflation would heighten liquidity and refinancing risks for some U.S. airlines and auto suppliers, due to high exposure to elevated energy prices, demand elasticity, large upcoming maturities or a high percentage of floating-rate debt, says Fitch Ratings.
Read MoreToyota, Honda Finish 1-2; General Motors Finishes at 3rd in Annual Supplier Working Relations Study
Results of the 22nd annual North American Automotive OEM – Supplier Working Relations Index® (WRI®) Study show in spite of supply chain shortages and production volatility, transition pains to electric vehicles, logistics constraints, and increasing raw material costs impacting automakers and suppliers, two of the six major U.S. OEMs made substantial improvement in their WRI® scores and two held steady, while two others fell – one significantly.
Read MoreThis is Where Electric Vehicle Adoption is Headed Between 2022 and 2025
The number of consumers looking to buy EVs globally has hit 52%. This is the first time 50% has been exceeded, and it represents a rise of 22 percentage points in just two years.
Read MoreOn May 16, Stellantis rescinded its new purchase order terms and conditions for North America and reinstated the prior version of the terms and conditions. Suppliers should check out Foley’s article for a breakdown of the changes to make sure you know how they will apply to your contracts going forward. If you have any questions regarding the article’s content, please contact Vanessa Miller or Nicholas Ellis.


