Tag: Trends

Restylers Ready for What’s Next

The “Forecasting the Future of the Restyling Industry” panel included, from left, Ron Leslie, vice president of sales for Katzkin; Kevin Gillis, general manager at Integrity Customs; Josh Poulson, principal of Auto Additions; and Steve Gilmore, design chief of vehicle personalization at Ford Motor Co., and was moderated by Rod Bennett, general manager of Chrome Enhancements.

This article originally appeared in the January 2023 issue of THE SHOP magazine. What does the future hold for the restyling industry? A panel of experts at the 2022 SEMA Show debated the big questions and came away optimistic that the market is ready to handle whatever comes next. Here are the questions and a… Continue reading Restylers Ready for What’s Next

Retail Forecast 2023

Retail Forecast 2023

This article originally appeared in the January 2023 issue of THE SHOP magazine. After two years of frenetic activity fueled by a post-pandemic recovery, retailers will confront a tougher operating environment in 2023, experts predict. Growing headwinds include rising inflation, higher interest rates, a softening housing market, continuing supply chain disruptions, declining capital investments, and… Continue reading Retail Forecast 2023

BASF, Magna Partner to Develop Green Auto Manufacturing Startups

Greentown Labs, BASF and Magna have announced five startup participants for Greentown Go Move 2022, a program designed to accelerate startup-corporate partnerships to decarbonize automotive manufacturing and reduce vehicles’ life-cycle impact, the companies announced. The program specifically sought startups with novel solutions to some of the auto industry’s toughest problems: materials innovation for automotive efficiency and… Continue reading BASF, Magna Partner to Develop Green Auto Manufacturing Startups

SEMA Releases Pickup Accessorization Report

SEMA has released its new Pickup Accessorization Report, the organization’s market research arm announced. The report offers a look at the evolving pickup landscape along with sales forecasts and other data relating to the parts that accessorizers buy and how they buy them, the organization said. Some of the key findings include: Pickup owners spent… Continue reading SEMA Releases Pickup Accessorization Report

Biden Approves Legislation to Avoid Rail Strike

President Joe Biden has signed legislation that will avert a potential rail strike, according to Reuters. To prevent the strike, Congress invoked its ability to block strikes involving transportation, the report said. Four of the 12 railworker unions rejected the proposed contract, creating the risk of a strike that would begin Dec. 9. A work… Continue reading Biden Approves Legislation to Avoid Rail Strike

Report: High Interest Rates Impacting New Vehicle Sales

High interest rates and high prices are limiting new vehicle sales, according to a recent report from Reuters. The average monthly finance payment in November is set to be $712, up 7.2% from November 2021, according to the report. The cited experts expect the trend to continue into 2023. Click here to read the full… Continue reading Report: High Interest Rates Impacting New Vehicle Sales