auto industry

Competition Heating up in EV Market

Worldwide there are approximately 60 million electric vehicles on the road. As EV adoption inevitably grows, we will see that number increase, as we are seeing more and more players in the EV market.

Consolidation Growing in the Auto Industry

We’ve been saying it for years, but now in the Northeast consolidation is happening. One day we may even see the end of “mom & pop” owned stores, maybe even in the next 5 years not long after we experience “normalized” dealership operations post COVID and Microchip shortage.

How the Ukraine Conflict is Affecting the US Auto Industry

Russia’s invasion of Ukraine has disrupted the entire world. This will be a definitive time in the history of the modern world. While we all have a social responsibility to follow this conflict and assist in our own ways, we also have businesses to run.

2022 Predictions for the Auto Industry

 

When we got to the end of 2020, we hoped things would be better, but 2021 gave us a lot of trouble too. The auto industry has been put through the ringer. So, what can we expect in 2022?

The Cloud is Changing the Auto Industry

automotive cloud technology

We’ve all heard the phrase “get your head out of the clouds,” but, now, the cloud is where everything is! Most online infrastructure and the tech that consumers interact with on a daily basis involve the cloud.

Tech Companies are Changing the Auto Industry

technology in the auto industry

As vehicles become more technologically advanced and the push for electric vehicles grows, it was only a matter of time before we started seeing tech companies enter the auto industry. 

How is the Chip Shortage Affecting the Auto Industry?

semiconductor chip shortage

Just when production levels started leveling out from Covid-19 shutdowns, automakers are facing a new problem: a semiconductor chip shortage. Once, again, factories are closed or on  delayed production schedules, waiting for these components.

A Look at What's to Come

An Excellent Year for the Auto Industry - NADA

According to the NADA, "2016 has been an excellent year for the auto industry as we end with about 17.5 million new-car sales." NADA Chairman, Jeff Carlson said,  "It seems timing is on our side. In the regulatory and legislative arenas, NADA continued to hold its defensive line with the Consumer Financial Protection Bureau's intrusion into our business. We worked hard to gain traction for the critical Senate Bill 2663, which aims to curb the CFPB's regulatory overreach.

An Excellent Year for the Auto Industry - NADA

According to the NADA, "2016 has been an excellent year for the auto industry as we end with about 17.5 million new-car sales." NADA Chairman, Jeff Carlson said,  "It seems timing is on our side. In the regulatory and legislative arenas, NADA continued to hold its defensive line with the Consumer Financial Protection Bureau's intrusion into our business. We worked hard to gain traction for the critical Senate Bill 2663, which aims to curb the CFPB's regulatory overreach.

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