Realize the media patterns and preferences of segments for aftermarket areas and repair purchasers
Not a soul presents additional in-depth research and Examination On the subject of what different types of expert services are now being performed, what parts are increasingly being replaced and what brands are getting used within maintenance stores. Some of the insights which can be attained from our components group research include:
Is the global automotive industry experiencing an economic downturn? Superior inflation rates and Uncooked material price tag improves recorded in the course of 2022 and 2023 have challenged the industry, impacting customers’ getting power and manufacturers’ creation prices and profits.
Per the celebration Site, more than five hundred providers might be displaying off thousands of solutions, options and products and services for auto sellers, so they can better serve their consumers and sell far more vehicles.
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These investments correlate With all the swift development of the electrical light-weight car (EV) market place. China and America are among the market leaders Within this sector, with new electrical car or truck registrations growing by 36 percent yr-in excess of-calendar year in China in 2023.
As electric powered and hybrid cars achieve traction while in the automotive industry, fix shops are using actions to prepare with the change. When battery electrical automobiles (BEVs) currently make up just …
Although dealerships only been given 3 % of the very first requires areas from independent repair outlets they even now acquired business enterprise from about 20 here p.c of People shops, In keeping with IMR’s …
Teamwork and worker participation—permitting the representation of all teams and personnel Views,
Chasing immediately after rivals without a crystal clear, committed eyesight that leverages the OEM’s strengths may lead to inconsistent and ineffective techniques.
The car industry has a troublesome undertaking forward, as even effectively-designed and executed designs is often undermined by geopolitical, weather and economic situations that happen to be over and above your Manage.
In time given that this post was 1st printed, McKinsey has continued to investigate the subjects it addresses. Keep reading for the summary of our most current insights.
Automotive Dive dug deep into these tendencies as part of its yearly industry outlook package. Examine the stories underneath to learn more with regards to the yr in advance.
The plant was Beforehand slated to start out manufacture of the Chevrolet Silverado EV in late 2024, but it has been idle Considering that the discontinuation on the Chevy Bolt.