Automotive Industry Evaluation 2018 Demographic Trends In The Automotive Industry
Demographic trends auto industryThe automotive industry is experiencing the greatest disruption in its history. NEW YORK, Dec. 18, 2018 (GLOBE NEWSWIRE) – Even though auto leadership teams prepare for technological disruption, handful of are focused on the possible double punch of a recession and shifting demographics that is most likely to slash automotive sales prior to new technologies take off. That scenario could leave numerous companies weakened and some unable to survive the transition.
Manufacturing sales in the automotive industries have partially recovered from large declines throughout the 2008-2009 recession. Automotive producers have posted three consecutive years of annual sales growth, with current dollar sales advancing 55% from 2009 to 2012. Even so, market sales in 2012 remained beneath the pre-recession peak. Increases in sales have been volume driven, as industrial product rates for motor automobile companies have trended downward, continuing a trend that started in 2002. Exports and imports …
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