Uncertainty over short-run inflation expectations ticked up recently, indicating the potential for continued volatility in the year ahead…
Tag: Trends
Bipartisan ‘Right to Repair’ Legislation Reintroduced in Congress
The Specialty Equipment Market Association (SEMA), MEMA Aftermarket, Auto Care Association and CAR (Consumer Access to Repair) Coalition have all expressed support for United States Reps. Neal Dunn, R-FL, Brendan Boyle, D-PA, Warren Davidson, R-OH, and Marie Gluesenkamp Perez, D-WA, for reintroducing the ‘Right to Equitable and Professional Auto Industry Repair (REPAIR) Act’ (H.R. 906),… Continue reading Bipartisan ‘Right to Repair’ Legislation Reintroduced in Congress
Interior Lighting: A Glow From Within
This article originally appeared in the March 2023 issue of THE SHOP magazine. Automotive interiors are getting brighter. Ambient lighting has become a selling point. Perhaps the one manufacturer most famous for leading the pack in interior lighting is Mercedes-Benz. Its ambient lighting packages are among the brightest and most prolific, and other automakers have… Continue reading Interior Lighting: A Glow From Within
Building Your Restyling Business in 2023
This article originally appeared in the February 2023 issue of THE SHOP magazine. So, how was your 2022? I would venture to guess that, like many shops I’ve encountered, overall business was pretty good. One thing I have always been fascinated by is how well we as restylers, along with our manufacturer partners, manage to… Continue reading Building Your Restyling Business in 2023
SEMA Issues 2023 Future Trends Report
SEMA has released its January 2023 Future Trends report, the organization announced. According to the report, the automotive aftermarket continues to be impacted by shifts in the industry and overall economy. The report found the following, summarized by SEMA officials: Specialty-Equipment Industry Outlook Sales for specialty-equipment parts are projected to have slowed in 2022, growing… Continue reading SEMA Issues 2023 Future Trends Report
Ep. 42 — The Future of Motorsports with Corey Sharp
Corey Sharp, director of statewide partnerships for Purdue University’s evGrandPrix, discusses the high school program that gets high school students working on go-karts…
Pickups Through the Years
A look at how America’s top-selling vehicles have changed in size, style and function over the years…
Key Performance Indicators Report — January 2023
Sponsored by RANDYS Worldwide – A comprehensive source for industry insights, exclusive interviews, new and used vehicle data, economic analysis, consumer reporting, relevant global affairs and more…
KPI — January 2023: The Brief
While consumer confidence and sentiment are on the rise, sticky inflation, ongoing supply chain challenges and persistent labor shortages continue to impact consumers and business owners…
KPI — January 2023: State of Business
While the vehicle inventory situation has improved, supply remains well below the level of consumer demand…
KPI — January 2023: State of the Economy
The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1% in December on a seasonally adjusted basis, after increasing 0.1% in November, according to the U.S. Bureau of Labor Statistics. Over the last 12 months, the all-items index increased 6.5% before seasonal adjustment. Important Takeaways, Courtesy of the U.S. Bureau of Labor Statistics: The… Continue reading KPI — January 2023: State of the Economy
KPI — January 2023: Consumer Trends
Consumer confidence increased thanks to slowing inflation, but changes in global factors could reverse recent improvements…
BASF Releases 2022 Color Report
Achromatic colors dominated the automotive market around the globe in 2022, according to the annual BASF Color Report for Automotive OEM Coatings, but the automotive color rainbow is expanding to allow colors like yellow, orange, green, and violet to take market share. Despite the shift in colors, the achromatic colors – white, black, silver, and… Continue reading BASF Releases 2022 Color Report
Car Buyer Journey Study Shows Growing Dissatisfaction with Buying Process
According to the study from Cox Automotive, an increase in time spent searching, limited inventory and high prices have negatively impacted the car buying experience… New research released by Cox Automotive shows that satisfaction with the car buying process declined in 2022 for the second straight year, the company announced. The 2022 Car Buyer Journey… Continue reading Car Buyer Journey Study Shows Growing Dissatisfaction with Buying Process
Global Trade Trends Signal Impending Recession
Four troubling global trade trends are signaling consumer weakness in the first quarter of 2023, according to CNBC. The flow of trade is a real-time and forward-looking indicator of consumer spending and the economy because it shows supply, demand, and consumption, according to the report. Currently, warehouse inventory and rates, manufacturing orders, ocean freight bookings… Continue reading Global Trade Trends Signal Impending Recession