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ARTICLE · 05 JANUARY 2022

Foley Weekly Automotive Report - 04 January 2022

Foley & Lardner LLP
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This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.

GlobalTransport
John R. Trentacosta
John R. Trentacosta
Ann Marie Uetz
Ann Marie Uetz
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This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Contact your Foley relationship partner, or John R. Trentacosta or Ann Marie Uetz, to follow up.

Key Developments

  • U.S. new light-vehicle sales for full-year 2021  are forecast to reach 14.9 million units, representing an increase of 4.2% from 2020, according to estimates from J.D. Power and LMC Automotive.
  • Analysis by Foley & Lardner attorneys predicts the EPA's new fuel efficiency standards will likely cause automakers to shift additional production to hybrid and/or electric vehicles within the next four years.
  • Average used-car price was close to $30,000 in November 2021, representing an increase of nearly 40% from November 2020.

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