Global Light Vehicle (LV) sales crossed the finish line at 81.3 million units in 2021. Despite a 5% year-over-year increase, the global market remains down 10% compared to 2019. The new year started on a positive note, with volume in China up 4.6%. Some markets across Europe also posted strong improvement, including Germany and the… Continue reading KPI — March 2022: State of Business — Automotive Industry
Author: Stefanie Galeano-Zalutko
KPI — March 2022: Recent Vehicle Recalls
2014 Kia Soul Vehicles Affected: Approximately 128,300 model-year 2014 Kia Souls are being recalled. The Problem: In January, the company issued a recall because the airbag control unit cover was coming into contact with a memory chip, thus potentially damaging the electrical circuits in later-model (2017-2019) Souls and Soul EVs. Now, the airbag control unit… Continue reading KPI — March 2022: Recent Vehicle Recalls
KPI — March 2022: State of the Economy
The Consumer Price Index for All Urban Consumers (CPI-U) increased .8% in February on a seasonally adjusted basis after rising .6% in January, according to the U.S. Bureau of Labor Statistics. The all-items index increased 7.9% before seasonal adjustment over the past 12 months – the largest increase since January 1982. Key Takeaways, Courtesy of… Continue reading KPI — March 2022: State of the Economy
KPI — March 2022: Consumer Trends
The Conference Board Consumer Confidence Index® decreased again in February. The Index now stands at 110.5 (1985=100), down from 111.1 in January and 115.8 in December. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – improved to 145.1 from 144.5 last month. The Expectations Index – based… Continue reading KPI — March 2022: Consumer Trends
KPI — February 2022: The Brief
Despite the pandemic, the gross domestic product grew last year at its fastest clip since 1984…
KPI — February 2022: State of Business — Automotive Industry
The U.S. manufacturing sector remains in a demand-driven, supply chain-constrained environment, but January was the third straight month with indications of improvements in labor resources and supplier delivery performance…
KPI — February 2022: Recent Vehicle Recalls
A roundup of recent manufacturer safety recalls…
KPI — February 2022: State of the Economy
While some experts expect inflation to slow by the end of 2022, some economic powerhouses believe ‘a perfect storm of events’ could lift inflation to 15% or more in the year ahead…
KPI — February 2022: Consumer Trends
COVID-19, supply chain pressures, rising inflation, falling real incomes and ‘the extraordinary pace’ of rising home and stock prices led to a decrease in consumer sentiment…
KPI — January 2022: The Brief
The U.S. Supreme Court struck down the Biden administration’s employer vaccine mandate, a decision that has implications for 84 million Americans within the reach of the measure…
KPI — January 2022: State of Business — Automotive Industry
While the vehicle shortage and inventory crunch appear to have peaked, they continue to have a negative effect on demand…
KPI — January 2022: Recent Vehicle Recalls
A roundup of recent manufacturer safety recalls…
KPI — January 2022: State of the Economy
Historic inflation—the all price index recently marked its fastest increase since 1982—is eroding most wage gains for workers…
KPI — January 2022: Consumer Trends
Steady consumer sentiment suggests that the economy is maintaining its momentum despite fears of inflation and a recent surge in COVID-19 cases…
KPI — December 2021: The Brief
Consumer optimism is on the decline as concerns grow regarding the COVID-19 omicron variant…