As a trial lawyer, I have spent my career marshaling factual evidence to support the legal conclusions or argument that I intend to make. I rely on good facts and marginalize bad facts, hoping to create a clear path to a clear conclusion in my argument. Good luck trying to do that right now with the Automotive industry. My wife would say that I happily argue both sides of everything just for the fun of arguing. So, in that spirit, let's do it for the Automotive industry.
2023 Will Be A Positive Year of Growth!
More Sales!
High Margins! Prices continue to be high (good for manufacturers, not so much for consumers, of course). New vehicle prices in October averaged 33% above pre-pandemic levels, and up to five million
OEM Revenue Is Up!
2023 Will Continue To Challenge Industry Growth!
Supply Chains! Yes,
Interest Rates! Higher interest rates impact more than home sales. Edmunds estimates the average annual percentage rate on new-car loans reached 6.3% in October. There are no signs those numbers are going to come down. In fact, in the coming months average annual percentage rates could reach their highest levels in over a decade, according to data excerpted in Bloomberg.
Semiconductors! The supply chain story that may never end. Try just searching that word here on the Dashboard and it might most certainly returns more stories from the last few years than any other topic. And, just earlier this month,
So what will happen in 2023? Stay tuned!
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