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Illustration: Sarah Grillo/Axios

Car sales rebounded in a big way during the second quarter, but they could have been stronger if production kept up with demand, according to new data released Thursday.

Why it matters: The global chip shortage continued to plague automakers, limiting the number of cars available for sale and in turn driving up prices

By the numbers: Edmunds analysts forecast a total of nearly 4.5 million new cars and trucks were sold in the second quarter, up 52% from last year.

What to watch: With inventories expected to remain tight through next year, automakers may face slowing sales growth ahead and dealerships may scramble to find customers who have cars to trade in, the Wall Street Journal notes.

Go deeper

Hope King, author of Closer
Sep 7, 2021 - Economy & Business

GM reshuffles production plans as chip shortage persists

General Motors vehicles sit in a holding lot September 2, 2021 in Lansing, Michigan; Photo: Bill Pugliano/Getty Images

Supply chain issues related to the Delta variant have become the latest round of “whack-a-mole” for the auto industry.

Catch up quick: GM is halting or continuing to halt production at eight of its North American assembly plants because of chip shortages. 

Ben Geman, author of Generate
Sep 7, 2021 - Energy & Environment

Automakers peer into the future with recyclable cars

BMW i Vision Circular concept. Photo courtesy of BMW

The electric future, near-term and far, is on display at the big IAA Mobility 2021 in Munich this week — even as internal combustion cars remain dominant.

Driving the news: That image above is BMW's i Vision Circular concept, a vision for 2040 to create vehicles made of 100% recycled materials and are 100% recyclable themselves.

Updated 2 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Axios-Ipsos poll: Omicron's big numbersAnother wave of death — FDA limits use of Regeneron and Lilly antibody treatments — Fauci: "Confident" Omicron cases will peak in February.
  2. Vaccines: Pfizer begins clinical trial for Omicron-specific vaccine — The shifting definition of fully vaccinated.
  3. Politics: Biden admin withdraws temporary vaccine-or-test mandate for large employers — New York Supreme Court strikes down Gov. Hochul's mask mandate for public areas — Sarah Palin tests positive, delaying defamation trial — Virginia school boards sue Gov. Youngkin for lifting mask mandate.
  4. World: U.K. to lift travel testing requirement for fully vaccinated — Beijing Olympic Committee lowers testing threshold ahead of Games.
  5. Variant tracker