For the metal stamping industry, automotive manufacturing is the leading market, accounting for nearly 80% of demand in 2016. However, this market is expected to be tepid, prompting the industry to look elsewhere for growth.
June 29, 2017US consumer spending on motor vehicle leases surpassed historic peaks in 2015. While some theorize that cultural changes have driven this trend, macroeconomic factors have also played an important role. Is the current level of demand sustainable, or is it doomed to decline?
February 8, 2017Quick question: what products can you sell as a service? Clothing? Check. Furniture? Check. Music? Check. Cars? Yes indeed. Even Americans’ love affair with vehicle ownership is going by the wayside – or so it seems. Proclamations of the end of personal car ownership are in vogue. Car subscription services – where consumers pay a fixed monthly fee to drive a vehicle they are renting – are one of the innovative services aiming to liberate us all from the responsibility of ownership. However, the prospects of car subscriptions as a mass-market mobility service appear limited.
June 17, 2019With environmental concerns increasing exponentially around the world, many automotive firms are directing their research and development towards electric vehicles. By electrifying medium- and heavy-duty (MD/HD) vehicles, a large portion of potential emissions typically created by traditional engines will be eliminated.
August 7, 2019Motor vehicles increasingly feature more electronic components as electronic systems become more sophisticated and advanced drivetrain components become more widespread. Increasing global output of motor vehicles will combine with the expanding scope of products in which electronic components are used as significant drivers of growth.
May 9, 2018As climate change grips the globe and car sales in dominant markets begin to slump, numerous countries are embracing the novelty of all-electric personal vehicles – some more so than others. With purchase assistance coming in the form of government-subsidized credits, will electric vehicles overtake traditional internal-combustion-engine-driven vehicles?
August 7, 2019The July 2018 rollback of the CAFE (Corporate Average Fuel Economy) standards has roused debate, but any change that occurs is likely to be minimal at best.
February 22, 2019For Lexus, collaboration and product placement in Black Panther represented an opportunity to link the car maker with a cultural event.
March 12, 2018Retail sales of new light-duty trucks and vans have vaulted motor vehicle retail sales to seven consecutive years of growth, achieving historical peaks in 2015 and 2016. However, growth has slowed, and continued gains are no longer a given.
June 29, 2017US demand for RVs is forecast to reach $16.6 billion in 2021. Rising disposable personal income levels will support gains. In addition, sales stand to benefit from population growth among the age cohorts most likely to buy RVs.
November 21, 2017