2018 Automobile Industry Insights
Determining the winners and losers in the year ahead
Webinar: 2018 Automobile Industry Outlook
US automobile industry sales experienced record numbers from 2008-2016, but the industry is seeing a steady decline in 2017 for the first time in eight years. And there is reason to believe that sales will continue to drop in 2018.
During the last two years, the automobile industry has exhausted every opportunity available to bring in new consumers. These have mostly centered around increasing auto loan length and extending credit to riskier buyers, which has resulted in an increase in auto loan delinquency rates.
Despite a growing economy, the automobile industry is still in danger. Full employment has never been an indicator of industry growth. Andrew Duguay, a senior economist at Prevedere, shares his forecast for the industry and how auto executives should refine their strategy for 2018.
He also offers advice to auto-makers about pinpointing consumers with disposable income and identifying areas and opportunities to move these customers to a new price point.
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About the Speaker
Prevedere is an industry insights and predictive analytics company, helping business leaders make better decisions by providing a real-time view of their company’s future. Our external real-time insights engine constantly monitors the world’s data, identifying future threats or opportunities to business performance. Along with a team of industry experts, data scientist, and economists, Prevedere helps business leaders make the right decisions in an ever-changing world.