Global Auto Sales Growth to Slow in 2018, Yet Remain at Record Levels
After the strong performance of 2017, 2018 is forecast to see a slowdown in global light vehicle sales growth, yet IHS Markit forecasts a positive year to come, with global light vehicle sales estimated to reach 95.9 million units.
Massive Growth Projected for Advanced Driver-Assistance Systems
The global market for advanced driver-assistance systems (ADAS) will grow from $11.8 billion in 2016 to $43.3 billion by the end of 2025, Transparency Market Research predicts in a new report.
R&D on Autonomous, Connected and Electrification Technologies Creates Double-Digit Growth Opportunities
According to Frost & Sullivan, automotive manufacturers need to look beyond seeing themselves as product suppliers and focus on becoming providers of mobility services in order to thrive in a highly competitive, evolving market.
Slowdown in Growth Rate of Miles Driven Influencing U.S. Automotive Aftermarket, NPD Group Says
In the 12 months through May 2017, miles driven grew by 1.8 percent, equating to an annual increase of almost 55 billion miles. The year prior, miles driven grew at a rate of 82 billion miles.
New Survey of Automakers Indicates Aluminum Will Experience Unprecedented Growth Over Next Decade
Ducker Worldwide states that over the next decade, automakers will continue to increase the adoption of high-strength, low-weight aluminum in new car and truck construction at a faster pace than any time in history.
English Color Announces New Growth Partnership in Conjunction with WestView Capital Partners
English Color, based in Richardson, Texas, operates 52 stores in the southern U.S., providing a comprehensive array of products and services that address the critical needs of its collision repair shop and dealership customers.
Service King Continues Colorado Growth
The company finalized a deal to partner with Five Star Collision Center, a 22,000-square-foot repair center in Thornton, Colo.
Joint Venture Aims to Accelerate Growth of Flexdrive Vehicle Subscription Service
Cox Automotive, publisher of Autotrader and Kelley Blue Book, announced a new joint venture with Holman Enterprises that makes them shared owners of Flexdrive – a mobility company that enables consumers to subscribe to a vehicle instead of buying or leasing it.
Service King Expands to Sacramento, Continues Steady California Growth
With the acquisition of Gamboa’s Body and Frame, Service King expands its northern California footprint to 12 collision repair centers serving customers in the San Francisco, San Jose and Sacramento areas.
CARSTAR Reports Record First Quarter, Discusses Growth Plans
CARSTAR North America posted a nearly 15 percent year-over-year increase in sales for first-quarter 2017, the company reported.
