The implications of the demographic change will definitely redefine the industry’s approach to product progress and promoting techniques.

In July 2022, we spoke with 500 independent automotive mend retailers about their invest in frequency and use of private label brand names and also the reasons why they use personal …

The typical recovery pattern, usually a V or U curve, implies which the automotive sector bounces again inside 2 a long time of a recession, positioning by itself for sustained progress. With auto normal age at an all-time file higher and touching teenagers, alternative cycles are expected to kick off during the designed globe.

This thirty day period’s insight follows up on our last insight (Independent Auto Repair Shop’s Biggest Competitors) and describes who the independent automobile mend shop’s best rivals are, why they’re the shop’s …

No matter if it’s a DIYer or perhaps a DIFM consumer, a vehicle not accomplishing perfectly is the key explanation that motorists assistance or repair service their auto when it pertains to ignition pieces, …

Because of the significantly aggressive and international character on the industry, suppliers have used several signifies to shorten the time from conception to production to fewer than a few a long time in lots of circumstances. This has actually been finished at GM, for example, by incorporating vehicle engineers, designers, producing engineers, and marketing and advertising managers into an individual workforce liable for the look, engineering, and marketing and advertising start of The brand new product.

Rivian rolls out fingers-cost-free driving through software package update The automaker suggests the cameras it produced for its Improved Freeway Support element present the very best resolution “of any vehicle in North The us.”

Providers can begin navigating this setting by modeling the probable impact on business revenues of tariffs and also other regulatory more info variations. Estimate increased US tariff publicity based upon many potential modifications to US tariffs for China, Mexico, and the rest of the planet.

Auto electrification costs, trade-driven sourcing shifts and The expansion of China-primarily based car or truck producers will change the complexion in the industry for various years – deciding winners and losers."

By combining the industry’s longest operating aftermarket tracking research (CCAMS) with Among the most strong segmentation instruments during the industry, Claritas’ PRIZM Leading, we will be able to concentrate on the right consumers in the right locations, at a amount of granularity Earlier unattainable.

The whole process of putting a fresh car or truck on the market is now largely standardized. If a completely new design is contemplated, step one can be a current market study. Since there may be an interval of five years in between this survey and the looks of The brand new motor vehicle in the sellers’ showrooms, You can find a definite aspect of chance, as illustrated with the Ford Motor Organization’s Edsel with the late nineteen fifties.

In some time considering that this short article was initially revealed, McKinsey has ongoing to check out the topics it handles. Continue reading for just a summary of our most recent insights.

GM, Ford and Other people are retooling production designs amid slowing EV desire, although also Functioning to move extra suppliers and creation for the U.S. Read the entire report ➔ Automotive buyer trends in 2024

Automotive areas suppliers have solid satisfaction ranges, with all retailers score their working experience over the past handful of months nearly as good, Superb or fantastic. Despite these powerful scores, one-third of …