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Where is the automotive industry in 2015?

Where is the automotive industry in 2015?

It’s a good time to be a part of the automotive industry. While all industries — including the automotive industry — took a hit in the recession of 2008, we have seen great growth along with the rest of the economy. In fact, automotive sales have increased over the past five years, from 2009 to 2014. This growth is being fueled by a stronger economy overall and increased consumer confidence in the economy. That means consumers are more willing to make big purchases, like a new car and automotive aftermarket accessories. But there is another industry trend at play in the recent years. While many people are buying cars, just as many are holding on to their cars for longer. On average, they keep cars for 63.9 months, which is 4.5 months longer than in previous years. This trend has led to an increase in consumer demand for auto repairs, su ... read more


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