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‘December to Forget’: Automakers, retailers cut TV ads amid supply chain woes

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Reuters

By Joseph White, Sheila Dang and Arriana McLymore DETROIT (Reuters) – For years, luxury vehicle brands have promoted holiday season sales with slogans like Lexus’s “A December to remember.” But automakers and dealers are on track to spend less on advertising this holiday season, industry executives and analysts said, leaving behind the generous lease deals and discounts of seasons past. A year of supply chain and production disruptions have left auto dealerships with roughly one-third of the normal inventory levels, giving sellers little reason to shell out for splashy holiday ads. “We will no…

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