Supply chain issues and chip shortage A disruption in the supply of computer chips used to build new vehicles has cascaded into slowing supplies of new cars and, in turn, increasing demand for used cars. Pittsburgh dealers — like those across the country — have been dodging and …
May Market Trend Analysis
Automotive aftermarket outlook 2021 The global automotive industry, similar to every industry throughout the global movement economy, faced significant challenges throughout 2020. As the novel coronavirus pandemic started, supply chains became distressed as suppliers and automakers were …
April Market Trend Analysis
Top 10 Global Automotive Trends in 2021In 2018 and 2019, the automotive industry reeled from shrinking economic activity, rising competition, slowdown in BRIC economies, and tightening lending norms that dampened global demand. Then came the disruption of COVID-19 lockdowns in the first half of …
March Market Trend Analysis
The Automotive Aftermarket E-commerce Evolved E-commerce is a rapidly growing channel within the Automotive Aftermarket, with online shopping expected to be a permanent shift, accelerated by the COVID-19 pandemic, according to an industry report released by the Automotive & Aftermarket and …
February Market Trend Analysis
Automotive Ecommerce and the 2021 Economy Growing during an economic downturn means adapting to new consumer trends, particularly in ecommerce and the automotive industry is no different. They’ve moved onto some interesting tactics to keep sales high and reduce the financial impact of the COVID-19 …
January 2021 Market Trend Analysis
Automotive industry future outlook: The road ahead for the aftermarketThe COVID-19 pandemic has changed the future of the automotive industry. Industry executives and leaders say the automotive aftermarket continues to be resilient despite the crisis. “What to Expect on the Road Ahead”: …