DETROIT - The automotive forecasting and analysis firm CSM Worldwide Inc. has been acquired by publicly held rival IHS Inc., Automotive News reported. The $27 million deal creates an industry leader in auto industry forecasting and analysis. IHS’ industry information and analysis services will add CSM’s 100 automotive analysts in eight countries. About 85 percent of global automakers and suppliers subscribe to CSM, said the statement announcing the deal. IHS covers industries including aerospace, defense, electronics, telecommunications, construction, energy and automotive. The company posted revenue of about $967.3 million in 2009 and has about 4,200 employees in 30 countries. “CSM’s strengths in the supplier market, production and powertrain analysis and North American and Asian customer markets are highly complementary to IHS strengths in original-equipment manufacturer, sales analysis and European markets,” IHS CEO Jerre Stead said in a statement. CSM founder and CEO Craig Cather will direct the combined automotive forecasting and analysis operations of CSM and IHS. It wasn’t clear what the acquisition means for CSM’s suburban Detroit operations.
Forecasting Firm CSM Acquired by Rival IHS
More Industry

Auto Loan Outlook Shows Cracks
Recent survey data shows that the overall demand for auto loans is down, but the demand for subprime loans is up as consumers face economic uncertainty and affordability pressures.
Read More →
Lone Star State Store Sells
The Mitsubishi location moves from one Texas automotive group to another, continuing this year’s spate of brisk buy-sell activity.
Read More →
Mitsubishi Gallery Makes Progress
As part of its 2030 business plan, Mitsubishi's North America arm will soon open its first 'gallery' store in Tennessee, where customers can learn about the brand, vehicles and technology.
Read More →
Senators Propose Chinese Connected Car Ban
Just weeks before President Trump is set to meet with the Chinese president, two U.S. senators proposed a bill with the aim of protecting Americans’ data.
Read More →
Consumers Gravitate to Hybrids
A study of Q1 used-vehicle sales shows many consumers are looking to minimize fuel costs but aren’t willing to go all electric and no longer have a tax break incentive to do so.
Read More →
Bad Credit Tanks Attainability
A recent study suggests expectant parents are feeling the burden of bad credit more than other demographics when it comes to buying a new car.
Read More →
A New Consumer Culture in the Auto Dealership
Dealers should aim to build a positive work environment, helping employees execute an efficient experience, from their online research to the final delivery of the vehicle.
Read More →
New-Vehicle Sales Down
A cloudy April forecast was expected due to last April’s sales surge in anticipation of U.S. trade tariff-inflated prices. Meanwhile, automakers pumped up incentives to address today’s consumer wallet woes.
Read More →
Will Extended-Range Autos Make Inroads?
EREVs, also known as ‘series hybrids,’ may catch on in the U.S., where they currently have barely a toehold, as automakers tilt away from some purely electric models and consumers crave more range.
Read More →
Used Autos Selling for More
A recent price spike due to several larger market forces, though it hasn’t dulled demand, is pushing more consumers to efficient models to squeeze in buys.
Read More →