There are some very grim headlines from the automotive industry news feed for about 2 years now, since the beginning of the 21st century recession. The automotive industry is one of the hardest hit markets to fall victim to the economic downturn, but it seems that this decline is now looking up. Analysts in the car market have predicted a positive recovery for the years to come. Companies that have maintained their focus in the future, beyond recession, will most likely become the first company to jump start their recovery.
A double whammy recession for the automotive industry is unlikely, according to analysts. Instead, they predict. Good things will come to car makers and retailers this year. Many car makers returned some of the work they did because of the recession. Although some companies are reluctant to do such things because they are still recovering from the recession, you will find a surprising number of companies that recover lost jobs.
Some of these reluctant producers have made it through the recession and still face battle scars. Some absolute numbers are required to recover. The logic makes sense. They want to be able to retain new employees once they are hired. Just like consumers, this type of company just needs to believe that the economy is really back on the road to recovery.
The stockpiled inventory is not as big as it used to be in retail car shops or manufacturers’ warehouses. Even though you won’t see overloaded car dealers, you will see new models coming in for bright recovery predictions, just not in the numbers we usually see. The economy sends a signal that we must get ready for recovery, but it still takes longer to encourage consumers and retailers to spend new cars.
Automotive industry specialists gather to come …Read more