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Consumer Outlook on the Rise
Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
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SEARCHMENUSEARCHYounger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
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Currently, the only industry in America that openly accepts the selling of unsafe recalled products to the public is the auto industry.
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The new standards will reverse the Trump Administration’s rollback of U.S. regulations aimed at improving gas mileage and cutting tailpipe pollution.
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China’s Covid-Zero policy could cause global vehicle production to lose 2% of growth in 2022, equivalent to about 1.5 million units.
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March U.S. auto sales, when reported on Friday, will show a notable drop from last March as the market remains significantly constrained by lack of supply.
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Throughput increased in 2021 as U.S. light-vehicle sales rose to nearly 14.75 million vehicles, according to dealership census.
Read More →With the new ruling, fines for vehicles that fall short of fuel economy standards will cost automakers at least $1 billion annually.
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Hopefully, supply chain issues will resolve sooner rather than later, but until they do, dealers can take the time to prepare for some inevitable downstream repercussions.
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Within the United States, a combination of high inflation, increasing fuel prices, and the prospect of rising interest rates are likely to influence consumer behavior, with shoppers likely to consider more fuel efficient or electric vehicles.
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The suburban Detroit site will be among the first large-scale graphite processing plants in the U.S. and the first domestic plant for Graphex.
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