Recent Trends In Canadian Automotive Industries Demographic Trends
Demographic trends auto industryThe automotive market is experiencing the biggest disruption in its history. The a single-two punch of electric and autonomous cars will wreak havoc on the global automotive value chain. Classic auto dealers will endure a steady structural decline in every single profit source, like new vehicle sales, financing, repair and maintenance. After distinguished by powerful brands, autos increasingly will become commodities, especially to the subsequent generation of consumers. As new automotive solutions continue to multiply, based on changing consumer demand, OEMs will have significantly less and less control over the market. More than time, auto producers threat ending up as contract manufacturing businesses, much like Foxconn: They give the hardware although new innovators run the business, dominate the market place, personal the customer and earn the premium return.
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