The automotive parts shortage that the industry is experiencing today goes far beyond just the shortage of microchips. Today, there is a wide cross-section of automotive parts that are in short supply varying by type of part and make and model of vehicle.
January 5, 2022
Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
November 1, 2021
Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
October 26, 2021
The robust economy is creating record numbers of new jobs and a subsequent labor shortage that is being exacerbated by the large wave of Baby Boomer retirements, but some see uncertainty of future market conditions.
December 11, 2019
The South American automotive market has tremendous potential. IHS Insights forecasts the continent’s automotive market will grow significantly by 2025, becoming one of the top three growth markets globally for light-vehicle sales.
December 8, 2015
The dynamics in today's market are eerily familiar to the resale value softness that occurred in the last decade. It appears that we are on the same trajectory, with off-lease volumes peaking in 2016.
May 12, 2014
Remarketing through multiple online platforms is not a question of "if," but "when." Standardization is the next step.
January 9, 2014
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