How Tariffs, Interest Rates Will Shape Car Sales
New trade tariffs have cut the value of automotive shipments 9% in the final five months of 2018, says Gardner Intelligence Chief Economist Michael Guckes.
New trade tariffs have cut the value of automotive shipments 9% in the final five months of 2018, says Gardner Intelligence Chief Economist Michael Guckes. Yet imports have continued to gain market share in the U.S.
Meanwhile, rising benchmark interest rates have been slowing raising the cost of auto loans for three years. The increase is generating downward pressure on new-car sales.
Guckes says manufacturers who prevail in the evolving auto industry will be those that can successfully apply their preexisting areas of expertise to develop new products.
Have economies of scale come to the production of automotive parts with carbon fiber materials?
As OEMs and suppliers seek lightweight solutions to meet higher fuel economy standards through multi-material structures, conventional welding techniques are beginning to give way to new solid-state joining methods better suited for creating strong bonds between dissimilar metals.
Chinese electric-car startup Nio Inc. is forming a manufacturing joint venture with Beijing E-Town International Investment and Development Co., which is investing 10 billion yuan ($1.5 billion) in the business.