Shipping giant Maersk is expecting elevated shipping rates to continue through the end of the year, according to a report from Reuters. Pandemic-related logjams and high demand are driving the high prices, the company said, as well record profits. Click here to read the full report.
Tag: Trends
The Companies Taking Over the Car Dealership Industry
A small number of dealership groups have been taking over a growing share of the total market…
GDP Declines as Recession Chances Grow
The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Gross domestic product fell 0.9% during that period, following a 1.6% decline in the first quarter and was worse than the Dow Jones estimate for… Continue reading GDP Declines as Recession Chances Grow
Federal Reserve: Inflation to Continue, Recession Fears Growing
A new economic survey from the U.S. Federal Reserve found that recession fears are rising, and that inflation is likely to last until the end of the year, according to a new report from CNBC. The survey of the Fed’s 12 districts found that business contacts had reported a general slowdown in demand, and concerns… Continue reading Federal Reserve: Inflation to Continue, Recession Fears Growing
Ep. 36 – Combating the Vehicle Inventory Shortage
Cristina Jorge, vice president of Florida-based restyler Specialty Automotive Treatments, details the challenges of building packages during the current vehicle shortage, products to speed up turnaround time, showroom design and more. This episode is sponsored by LEER.
Key Performance Indicators Report — July 2022
Sponsored by LEER – A comprehensive source for industry insights, exclusive interviews, new and used vehicle data, economic analysis, consumer reporting, relevant global affairs and more…
KPI — July 2022: The Brief
Inflation remains the main concern for both small business owners and consumers…
KPI — July 2022: State of Business — Automotive Industry
Supply chain bottlenecks are the key issue facing the global automotive industry, with manufacturers unable to meet demand in most regions…
KPI — July 2022: Recent Vehicle Recalls
A roundup of recent manufacturer safety recalls…
KPI — July 2022: State of the Economy
Rising prices for food, gasoline and shelter are the main contributors to the largest increase in consumer costs since 1981…
KPI — July 2022: Consumer Trends
Experts are expecting continued inflation and aggressive interest rate hikes to negatively impact consumer spending and economic growth over the next six months…
The Most Popular Used Cars in the U.S.
A new study from Compare the Market has identified the most in-demand used cars in the United States. According to the study, the Jeep Wrangler ranked as the most popular used car in the U.S. Searches for used Jeep Wranglers were higher than for any other vehicle in the US in the last year, with… Continue reading The Most Popular Used Cars in the U.S.
ACAT Global Increases Product Availability to Counter Rise in Catalytic Converter Thefts
ACAT Global will increase the availability of its advanced metallic substrate catalytic converters for installation shops nationwide to provide relief for vehicle owners who suffered the theft of a catalytic converter during the recent surge, the company announced. According to the National Insurance Crime Bureau, claims for stolen catalytic converters have surged 325 percent from… Continue reading ACAT Global Increases Product Availability to Counter Rise in Catalytic Converter Thefts
Key Performance Indicators Report — June 2022
THE SHOP created the Key Performance Indicators Report to provide shop owners with valuable economic and industry data in an accessible, time-saving manner. Click on any of the links below to access that data in this month’s report. The Brief Consumers continue to be discouraged by rising inflation, while business owners struggle with unfilled positions and… Continue reading Key Performance Indicators Report — June 2022
KPI — June 2022: The Brief
Consumers continue to be discouraged by rising inflation, while business owners struggle with unfilled positions and supply chain disruptions…