November 4, 2026

Automotive Weekly


GM and Hybrids
Image: AI Generated 

General Motors and Hybrids 

General Motors (GM) is planning to offer hybrids across multiple segments of its lineup, CEO Mary Barra told analysts Tuesday on the automaker’s third-quarter earnings call. “From a hybrid perspective, we will have hybrids in our portfolio in multiple segments, the key segments that we participate,” Barra said on the call. While GM has largely stayed out of the hybrid market in recent years, Bloomberg reported that demand grew and then spiked this year as fuel costs rose. Industry forecaster AutoForecast Solutions expects GM plug-in hybrids to arrive between late 2027 and early 2028, yet the automaker hasn’t confirmed that window.

Source: CBT News 

Dealers not Short of Used, Just Short of Inexpensive Ones 

America's used-car dealers are not short on cars. They're short on cheap ones. Dealers had 2.21 million used vehicles for sale at the end of September, 3.3% more than a year earlier, according to Cox Automotive's monthly analysis of vAuto listing data. The cars priced at $15,000 or less went the other way. Their supply fell 16.2% from a year ago, and they now make up just 15.7% of what's on the lot, down from 19.4% in September 2025.

Source: The Auto Wire 

Volvo Car Shares Plunge as Automaker Slashes More Jobs

Volvo Car shares tumbled after the automaker said it would cut another 2,500 jobs, or around 6% of its workforce, under an expanded turnaround plan to counter mounting headwinds such as continued weakness in China. Stockholm-listed shares were down 26% in early trading. The Swedish carmaker—which is majority-owned by China’s Zhejiang Geely Holding Group—said Friday that the operating environment remained tough, with strong external challenges, and that while the long-term strategy is on point, more needs to be done in the short term.

Source: Wall Street Journal 


Why Sales of Vehicles Made in the U.S. have Hit a New Low in Canada

It's no secret that tariffs have taken a toll on the auto industry, but new data from JD Power Canada revealed exactly how auto tariffs are impacting the number of U.S.-made cars — not limited to the Detroit Three — sold in Canada, as duty-free vehicles made in Mexico and Japan are capturing a larger market share there. For the first half of the year, all vehicles built in the United States — by the Detroit Three and other automakers with factories in the states — accounted for 28.4% of Canadian new-vehicle sales, down from 35.4% compared with the year-ago period, Robert Karwel, director of Original Equipment Manufacturers Solutions at JD Power Canada, told the Detroit Free Press.

Source: Detroit Free Press 

Higher Tariffs on Canada Goods Would be 'Catastrophic,' Honda Exec 

A pending increase in U.S. tariffs on steel and auto imports from Canada starting Jan. 1 would be “catastrophic” for the industry, a top Honda Motor Co. public affairs executive said on Tuesday, Oct. 27. Automakers are closely watching talks between the United States, Mexico and Canada, hoping the countries extend a longstanding trade deal. The three countries' auto industries are tightly intertwined, and higher tariffs could raise costs and affect where companies such as Honda build new plants.

Source: Reuters via Detroit News 

Stellantis Posts $503M Loss in Q3, Expects to Spend $1.1B on Tariffs

Stellantis reported a net loss of $503 million in the third quarter of 2026, but called it an improvement compared with the same period a year ago, when the automaker lost over $5 billion. The parent company of Chrysler, Dodge, Jeep and Ram also said it expects $1.1 billion in tariff costs for the full year, including the $667 million it has incurred through September. Stellantis' industrial free cash flow was negative $4.4 billion over the quarter. That metric measures how much cash the company has generated from its industrial operations after paying for investments, factories, and equipment.

Source: Detroit Free Press 

GM Plans Hybrid SUV Production in Michigan as Demand Grows

On October 28, General Motors said it will prepare its Lansing Delta Township Assembly plant in Michigan for future hybrid-electric vehicle production, part of more than $2 billion the automaker plans to invest in the Lansing region over the next several years. According to Reuters, which cited people familiar with the plans, the plant will build hybrid versions of the Buick Enclave, Chevrolet Traverse and GMC Acadia. Meanwhile, GM hasn’t confirmed those nameplates or a production timeline and said it will share additional details closer to launch. 

Source: CBT News 

How GM Plans to Maintain Record Pickup Fleet Sales After Redesigns

General Motors’ U.S. fleet business is in the midst of its strongest sales year since 2019, driven by record deliveries of full-size pickups to commercial customers. Now comes the hard part. GM Fleet and its global vice president, Ian Hucker, are tasked with keeping the momentum going as the automaker launches redesigns of the Chevrolet Silverado 1500 and GMC Sierra 1500. It’s a challenge Hucker said he’s eager to take on as production of the next-generation models ramps up into 2027.

Source: Automotive News 

Corvette ZR1X Impresses 

The Corvette ZR1X is a masterclass in the execution of combining an internal combustion engine with an electrical propulsion system. The result is both refined — that is, in the context of vehicles with 1,250 hp where as you activate the ignition button, you can feel and hear the potential power — and capable, such that it is unquestionably deserving of being among the best-of-the-best in the 2026 Wards 10 Best Engines & Propulsion Systems.

Source: WardsAuto 

Report Says U.S. will Experience More Auto Finance Fraud 

Vehicle theft in the U.S. was a growing problem for a number of years, but thankfully, those numbers are on the decline these days. A few months ago, the National Insurance Crime Bureau (NICB) reported that vehicle thefts in the U.S. continued their downward trajectory in the first half of 2026, dropping 21 percent compared to H1 2025, and all 50 states declined by some sort of percentage. However, the NICB is now warning that auto finance fraud is now on the rise as thefts continue to fall. 

Auto finance fraud in the U.S. has now reached an estimated $10.4 billion, and those losses are expected to rise even more in 2026. Recent studies indicate that 24 percent of all auto loan defaults may be linked to fraud, and 77 percent of automotive dealerships have reported some sort of increase in fraudulent activity in the past two years. First party fraud - where individuals or fraud rings misrepresent income, employment, or repayment intent using their own or synthetic identities - now accounts for nearly 70 percent of all vehicle finance fraud. 

Borrowers flagged as likely synthetic identities default at a rate that's 12.5 times higher than typical consumers, producing average losses between $22,000 and $50,000 per case, dwarfing typical losses seen in credit cards or personal loans. Some are using automatic bot attacks to pull off these auto finance fraud schemes, while others are relying on inflated or AI-fabricated pay stubs, and forged credit reports. 

In fact, credit washing surged 228 percent between early 2024 and mid-2025, with criminals submitting forged FTC dispute affidavits and police reports claiming identity theft to suppress derogatory trade lines and secure fresh auto financing. 

“Vehicle finance fraud has evolved from isolated credit misrepresentations into an organized, digital criminal industry that touches dealerships, lenders and insurers,” said NICB Chief Operating Officer Timothy R. Slater. “Stopping these networks requires shifting away from reactive, siloed defenses toward standardized and synchronized cross-industry reporting.”

Source: Ford Authority

Honda Boosts Fleet Sales 54% to Feed Used-Vehicle Supply

Honda Motor Co., historically a retail pure play to protect residual values, is leaning into fleet sales to drive market share and expand dealerships’ supplies of late-model used cars. Honda and Acura fleet sales combined surged 54 percent in the first nine months of the year, to 124,485, according to Cox Automotive data. That raised the automaker’s fleet penetration to 11 percent, from 7.4 percent a year earlier, though it remains well below the industry average of roughly 18 percent, according to GlobalData estimates. Honda executives signaled the shift early this year, saying much of the fleet increase would come in the form of loaner vehicles for dealership service departments. The automaker declined to break out how many go to dealer fleets versus daily-rental companies.

Source: Automotive News