Learn How Recalls Impact Different Industry Segments at Annual Summit
SAA’s 5th Annual State of Automotive Recall and Warranty Summit will take a new approach this year and look deeper into the results of these recalls. What is considered insurable? How are these recalls impacting valuations? What are the short-term and long-term legal ramifications? How do recalls impact used car pricing and what have they meant to the repair industry? And much more.
Register today to take a deep dive into the world of recalls and learn how this critical issue impacts you. The event is Monday, March 26, 2018 at the Embassy Suites in Southfield, Mich.
Will It Be a Smooth Drive or a Bumpy Road for the Automotive Industry in 2018?
There was some serious buzz in the global automotive industry in 2017. Electric Vehicles, Autonomous Driving and Digitization powered ahead, making significant transitions from pilot projects to the mainstream. The advent of flying cars, blockchain technology and new business models across the spectrum offered tantalizing glimpses into the mobility experience of the future.
Moving Parts: How the Automotive Industry is Transforming
Automotive supply chains are among the most complex in the world, with each vehicle containing more than 20,000 parts originating from thousands of different suppliers. Add technology into the mix, and you get an industry undergoing significant transformation in a variety of ways.
Furthermore, with production of electric vehicles increasing, all parts of the supply chain must evolve — suppliers are making new parts, automakers are working closely with those suppliers, and carriers are figuring out the best ways to transport electric car parts. Are auto supply chains prepared to handle the transformations of the industry?
Brexit Shock Begins to Hit the UK Car Industry
Source: Automotive News Europe
The shock of Brexit is beginning to hit the UK car industry. Jobs have been cut at Vauxhall, Jaguar Land Rover plans production curbs and union bosses fear this is just the prelude. For some in the industry, this is also just the beginning of wider disruption that will be caused by Britain's vote to leave the European Union.
Bosch Establishes New Mobility Services Division
Source: Automotive News
Robert Bosch is joining the wave of suppliers shifting their organizational structures to brace for massive industry changes. The company said it was establishing a separate division named Connected Mobility Solutions, dedicated to new transportation technologies. The 600-employee global team will help Bosch capitalize on trends such as ride-hailing and car-sharing services, and includes the acquisition of carpooling startup SPLT, or Splitting Fares Inc.
How Suppliers are Innovating to Keep Pace with the Auto Industry
The auto industry is undergoing a period of tremendous disruption as never seen before. Influenced by new computer systems, new manufacturing processes and innovative designs, neither vehicles nor auto manufacturing facilities look like they did a decade ago.
The change is putting tremendous pressure on original equipment manufacturers (OEMs) and auto suppliers to evolve and innovate. Many are changing their business strategies to focus on innovation, rather than production while refining their product offerings to the best that they do. Others are also working more closely with their buyers to be a part of the design-to-market cycle and to make themselves an invaluable supplier.
Electrification, Autonomy Won’t Gain Widespread Adoption for Decades, CAR Study Says
Source: Automotive News
Although most major automakers are pouring billions into electrification and autonomy, the Center for Automotive Research predicts those investments could slow in the coming years and that such vehicles will represent only a fraction of sales a decade from now. The research group said Level 4 and Level 5 self-driving vehicles will account for less than 4 percent of new-vehicle sales by 2030, although that number will increase steadily to roughly 55 percent by 2040.
Glut of Off-Lease SUVs May Slow New Vehicle Sales
Source: The Detroit News
The heyday of the automotive industry’s post-recession rally is in the rear-view mirror, but the seven-year growth streak is still leaving ripples. A decline in U.S. auto sales expected this year is due in part to the industry’s success in previous years — particularly the record-breaking sales of 2015 and 2016. Roughly 4 million vehicles on U.S. roads will come off lease this year. That’s about 1.5 million more than is considered normal, according to economist Jonathan Smoke.