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 …
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 …
Reaching Younger Generations in the Automotive Aftermarket
As younger generations, particularly Millennials (or Gen Y) and members of Gen Z are coming into more spending power, their habits are reshaping the way we do business. Even longtime brands have to get creative to adapt - developing new ways to market and sell their products or risk becoming …
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October Market Trend Analysis
The Importance of E-commerce in the Automotive Aftermarket Industry E-commerce is the hottest topic trending in the automotive aftermarket today. Hedges & Company recently shared their 13th annual eCommerce market share forecast for the US automotive aftermarket, with growth in online …