WHAT WILL 2023 HOLD FOR THE AUTOMOTIVE INDUSTRY?

Supply Chain & Chip Shortage Impact Supply chain shortages have affected nearly every sector in franchising - the automotive industry not excluded. [...]the 2023 Auto Care Association's Factbook outlining the top trends affecting auto care businesses projects the automotive body, paint and...

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Veröffentlicht in:	Franchising World 2022-12, Vol.54 (6), p.40-40
1. Verfasser:	Wolfe, Thomas A
Format:	Artikel
Sprache:	eng
Schlagworte:	Automobile industry Automobile services industry Automobiles Electric vehicles Equipment and supplies Franchises Franchising Shortages Supply chains Trends
Online-Zugang:	Volltext
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Beschreibung
Zusammenfassung:	Supply Chain & Chip Shortage Impact Supply chain shortages have affected nearly every sector in franchising - the automotive industry not excluded. [...]the 2023 Auto Care Association's Factbook outlining the top trends affecting auto care businesses projects the automotive body, paint and interior repair and maintenance sector to have a Compound Annual Growth Rate of 7 percent between 2020-2025. For aftermarket automotive businesses, it's the opposite. Because lengthening the life of a current vehicle is cheaper than buying a new one, consumers are willing to pay more for quality maintenance, protection and detailing services.
ISSN:	1041-7311