All Posts in "Automotive Manufacturers"

Automotive Industry Statistics – Global Trends

Automotive industry statistics show that the largest market is Asia Pacific. The US has lost ground since 2016 with vehicle production declining by 27.7%. Carbon fiber is a labor-intensive material. Sales of private vehicles are set to decrease, as shared mobility services expand. But how much will this change? The following facts will provide some perspective. Let’s look at some of the key trends. And what are the implications for the industry? We’ll look at trends in the US, Europe, and Asia.

Asia Pacific is the largest automotive market

With its massive population and thriving economies, Asia Pacific is a top destination for automotive manufacturers. The region is home to some of the world’s most valuable vehicle manufacturers, including Toyota, Honda, and Hyundai. Sales of passenger vehicles in the region generate enormous revenue for the automotive industry. Many automakers are investing heavily in research and development and market-specific media insights. … READ MORE ...

Jessie Guy by — March 30, 2022 in Car Industry
The Advantages and Disadvantages of Car Dealerships

A car dealership is a type of business that sells new and used cars at the retail level. These dealerships typically have a dealership contract with an automaker or a sales subsidiary to provide vehicles for sale. Some car dealerships offer Certified Pre-Owned vehicles in addition to new cars. Salespeople are employed by car dealerships to sell the vehicles. Read on to learn more about car dealerships. Here are the benefits and disadvantages of this type of business.

Overview of car dealerships

An overview of car dealerships provides a basic understanding of the business. Most of these businesses are located in a single building, with several components, including the showroom, office space for sales and administrative functions, and a service area for automobiles. Sites are typically large relative to the improvements made. This allows for ample room for car displays and other related activities. An understanding of the automotive industry … READ MORE ...

Jessie Guy by — March 12, 2022 in Dealers
Automotive Industry Trends 2022

As the automotive industry has suffered from supply chain challenges and low inventories in the last year, there is still hope for better times to come. But what exactly are the major trends to watch for in the year 2022? Wallenius Wilhelmsen’s senior analyst, Erik Solum, looks at some of the key factors that will impact the industry. Light vehicle sales are up, the global economy is improving, and the Delta variant poses a threat to the global economy and pandemic. At the same time, new entrants will appear in the Top 100.

Autonomous self-driving vehicles

While passenger cars have long dominated the automotive market, self-driving technology is equally well-suited for commercial use. While last-mile deliveries and long-range trucking will be the initial commercial applications, an increasing number of companies will shift their focus to more widespread commercial uses. Companies like Waymo Via and Aurora are currently in the development … READ MORE ...

Jessie Guy by — February 4, 2022 in Car Industry
How to Find the Best Used Car Dealers

If you are in the market for a used vehicle, there are a few things you need to know. You should avoid large, chain companies, because they are often more expensive. You can also choose smaller companies that offer a better experience. Closed auctions are another good source of inventory for dealers. And finally, buying a used vehicle may save you a lot of money in the long run, thanks to tax benefits. Read on to learn more!

Large chain companies charge more

While some consumers like to haggle for lower prices at used car dealers, many others don’t. For example, a large chain company is likely to charge more at used car dealers than an independent dealership. This practice isn’t new; Toyota and Honda have long talked to individual dealers about charging more than MSRP. In fact, Toyota Motor North America’s senior vice president of auto operations, Jack Hollis, … READ MORE ...

Jessie Guy by — January 23, 2022 in Dealers
Car Model Look-A-Likes

Have you ever noticed a car that looked specifically like yours, but it had various names and brands than yours? Properly should you have, there is worthwhile reasoning behind it? A majority of the auto industry’s sales are crucially dependent upon the advertising of its cars. With an abundance of car companies and automotive brands, it has to turn out to be a necessity for automakers and marketers to join forces to enhance sales with no drastically increasing spending.

A single essential method frequently applied inside the auto industry has been dubbed badge engineering. This refers to the technique of manipulating the branding of an automobile as opposed to the actual automobile itself. By far the most widespread form of badge engineering occurs when a single manufacturer has many brands and plans to market place distinctive brands to distinct buyers. Badge engineering is executed for several reasons and can be … READ MORE ...

Jessie Guy by — October 8, 2020 in Cars