The Latest Scary News About The Auto Industry

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With the news of record levels of auto sales increasing by double-digit amounts year-on-year, it’s only right that we take a look at the big picture. Whether you’re a car enthusiast or an emerging car brand, it’s worth keeping an eye on the numbers to see what might be possible in the future. Even though there have been many changes over the past few decades, the auto industry has remained almost exactly the same. It is, however, becoming more turbulent than ever. This is largely due to new digital platforms and easier access to data. Here are some of the scariest statistics about the auto industry that you should know about…

The Automobile Industry Is Staggeringly Expanding

The auto industry is actually expanding at a very rapid pace. In fact, according to the U.S. Census, the auto industry grew at a pace of about 2 percent per year between 2000 and 2014. That is the highest rate recorded in the history of the industry. The industry also grew at a pace of about 2.5 percent between 2011 and 2014. Even with the above-mentioned growth figures, the industry still grew at a rate of 3.5 percent between 2015 and 2019. If anything, the rate of expansion should be higher, as the industry is evolving.

Over 110,000 Cars Sold In Just One Year

The auto industry has an average of 100,000 to 120,000 cars sold every year. This is a much higher pace of growth than the average of 19,000 sold every year in the past 40 years. This is likely due to a number of factors, including more people wanting to purchase autos, as well as the fact that more people are deciding to purchase new cars over time. The auto industry also continues to grow at a healthy rate. It is, however, too early to tell whether or not this growth rates up to what was seen in the past. In fact, it’s too early to tell about the auto industry growth rates for the next few years.

Crash-Treated Vehicles Are Insuring More Than Half Of All Auto Sales

What started as a niche market in the 1980s has become an everyday reality for most consumers. In fact, the number one reason people need to purchase an auto is to protect the car from damage or loss. Even though most repairs will be covered by the manufacturer, some will have to be done “crash-treat”. This may include a full or partial interior damage response, as well as damage to the engine, transmission, or both. The auto industry has been on a tear over the past few years, as more and more people are choosing to buy new cars. Almost one-third of all new cars in 2020 will be equipped with “crash-treatments”.

The Emerging World Of Smartphones And Cars

Smartphones are becoming more popular than ever. They are now being used more than ever as a way to communicate with friends and family, as well as make purchases. They are also increasingly used to track the actual driving habits of customers, as well as monitor their progress in purchasing various items. This trend is set to continue, as more and more people are exploring ways to “tie” their smartphone to their car. This is likely due to increasing competition from new digital platforms, as well as concerns about liability issues when using a smartphone on the road. The auto industry has also seen a significant increase in the number of people using smart devices on the road. It should be noted, however, that most of these smartphone-based apps are very basic, with few features or even requirements for customers to use them safely.

Even With All The New Technology, Auto Sales Still Rise

The auto industry has always been a highly competitive industry. Gang-rene has been a constant theme in the industry, as it has been for most of recorded history. But things are different in the auto industry now. There are new digital platforms, as well as ways to track the actual driving habits of consumers, as well as a plethora of safety and security features that have been developed over the past few years. All this, however, does not take away from the fact that the auto industry still stands strong when it comes to profit margins and sales volumes. Even with the best of intentions, it’s not too early to start worrying about the auto industry future.

Brazil Is Set To Hit Record Highs In 2016

Brazil has been experiencing something of a car boom in recent years. From record-setting motor sales to record-setting automaker sales, 2014 was a great year for Brazilian car brands. However, it is not the only one to benefit from this boom, as numerous other emerging market countries are also seeing strong auto industry growth. Brazil’s recent success can be attributed to the way it capitalized on its growing millennials and Gen Xers, as well as other emerging market demographics. It should be noted, however, that the auto industry still has a long way to go to catch up with the likes of America and Europe in terms of auto sales.

 

Germany Continues To Lead The World In 2017

Germany has also been experiencing a car boom in recent years. From record-setting motor sales to record-sized tax breaks for auto manufacturers, 2014 was a notable year for German car manufacturers. However, it should be noted that the overall auto industry is still far from solved, as all of the remaining struggles of the past few years remain, as well as the current level of technological innovation, remain. The German auto industry has also been doing well in terms of international sales, with the country currently being number one in the world in terms of new car introductions. Germany also leads the world in terms of auto repairs and maintenance, with more than one-fifth of all repairs still being covered by the auto industry.

Summing Up

The auto industry is still a very active and dynamic industry with lots of potential ahead of it. The good news is that the industry has seen few changes in the past few years and is still able to grow at a healthy pace. It is also important to remember that the auto industry is only going to get better as more and more people start to own cars and start to drive them more often. The future of the auto industry is likely to be very interesting and exciting.