As a result of shortages caused by pandemic-related supply chain issues, fewer new cars were available in 2021 and prices surged as a result. But the used car market saw even more disruption as consumer demand for used cars soared — since March 2020, Yahoo Finance...
As the global pandemic enters its third year in 2022, the automotive industry continues to be impacted, especially with regard to the way consumers are purchasing their cars. Here are some ways to grow your sales despite the challenges of these unprecedented times. 1....
With the development of new technologies as well as the impact of the COVID-19 pandemic, a lot of industries are seeing remarkable changes these days. The automotive industry may perhaps see some of the most significant changes over the coming decade, according to...
According to industry experts, the automotive over-the-air updates market is expected to see considerable growth over the next few years, a result of new vehicle safety policies and the growing demand for connected cars and devices. Let’s take a minute to look at this...
The global pandemic has disrupted nearly every single industry and the automotive industry is no exception. One of the most notable impacts of COVID-19 for automakers and dealerships has been on the car shopping experience as consumers are making the shift to online...
WIth the growth of 5G infrastructure globally and the resultant growth of the Internet of Things (IoT), the automotive industry can expect more and more connected cars on the road. Connectivity Trends According to Business Wire, “The global market for 5G...
The AV (autonomous vehicle) industry may appear to be in its infancy — with just 1,400 self-driving cars on the road today in the U.S. — but experts are projecting that by the year 2040 there will be 33 million AVs on the road. What’s more, this figure takes into...
With so many market experts focusing on the pandemic, it’s been easy to overlook a number of long-term automotive trends which will be taking the industry by storm over the next decade. “It’s really exciting to be part of an industry that is going to see more change...
As we look at the next four years, in the waning days of the pandemic and beyond, the automotive industry will look quite different. While COVID-19 has put a lot of changes in motion, there have been some long-term shifts for quite some time. In fact, in some ways,...
For auto dealers, the period of time between Thanksgiving and the New Year has become one of the best times of the year for sales. And even though the pandemic still hasn’t ended, experts are predicting a busy holiday season this year: Holiday retail sales are likely...