“The Chinese marketplace is so hyper-competitive, the value war that we have seen play out there over the past eighteen months to two decades has just been ferocious,” Robinson informed Automotive Dive. “You must possess the products and solutions, the compelling goods at the price issue that Chinese people anticipate.”

Economic headwinds, a lack of charging infrastructure, along with a complicated Net of federal guidelines and laws also threaten to slow new car sales and electrical motor vehicle adoption. As need softens, automakers are curbing their production strategies In spite of an Original EV production rush.

Pinpointing Do it yourself customers in a price-efficient method is demanding but IMR has a chance to streamline this type of research by researching focus on DIYers profiled from the CCAMS tracking research.

“Looking forward to 2025, we count on ongoing progress in option powertrains, reaching one particular out of four gross sales.”

Trump claims auto tariffs are coming April 2 The president suggested a 25% responsibility on People imports, fueling uncertainty for automakers already bracing for steel, aluminum and country-distinct tariffs.

Though it’s been advised which the incoming Trump administration may well finish EV tax credits, which could sluggish income development, Cox Automotive stated it would acquire time for almost any alterations to acquire result and the opportunity of missing automotive industry incentives could Increase sales from the temporary.

We questioned impartial automotive repair stores who they perceive being their largest competition. Their views in their leading competition are incredibly according to channel share metrics tracked by IMR. Keep reading:

Timeline: The website is predicted to generally be operational this 12 months, with motor vehicle creation delayed till Oct 2027.

Trump’s trade war heats up as nations around the world retaliate in opposition to tariffs Mexico, copyright and China all declared they would counter the president's orders following supplemental duties went into outcome this week.

Whether a Do it yourself or possibly a DIFM buyer, IMR can help you have an understanding of that is buying your services, what channels and shops within the channel they invest in from and why, how you Look at on the Competitors and when in the motor vehicle daily life cycle you will get their business.

Producing is on the rebound, but tariffs threaten growth: PMI Manufacturing and need rose final month as consumers rushed to put in new orders ahead from the click here Trump administration's levies. The bump, nonetheless, could demonstrate quick-lived as charges spike amid tariff-induced inflation. 

CES has lately highlighted emerging developments in artificial intelligence, virtual and augmented reality, and sustainable technologies, that is appearing more frequently in now’s fashionable motor vehicles.

At the start of 2023 IMR surveyed independent automotive restore shops for getting Perception into what they believe their biggest worries are going to be in 2023. Supplied the shifting marketplace dynamics …

At first of 2020, just before the pandemic, we surveyed impartial automotive fix retailers to acquire insight into what they thought their biggest worries could well be for 2020, for …