The automotive industry has some various seasonal trends that have high demands from their buyers and customers during two peak seasons which are either the spring or winter. During these periods, the sales of their cars increase greatly as a result of their demands. It is then from these trends that the automotive industry either gain or lose huge money and other key things.
Peak season demand
The automotive industry normally encounter two peak seasons which occur during the spring season lasting from the ending of February till the ending of May and the winter season which lasts from September till November. The reason for the high demand and sale of cars during this period is partially because; car manufacturers introduce new models of their car for the year to the public during the peak seasons. Though the car retailers experience their own peak sales after the season demands for the manufacturers have passed by in November. Not only do new cars experience seasonal variations, used cars do thereby enabling the new cars to be bought only by a specific group of people. In comparison to other vehicles, the sports utility vehicles tend have a slump rather than a rise in sales during the winter seasons.
With the acceptance and development of autonomous or self-driving vehicles by the automotive industry, its growth has escalated quickly among the buyers in the United States and United Kingdom over a short period of time. This trend would however be of great importance to the industry because they would serve as a means to acquire more money from the public as they are more certain about the safety of the autonomous vehicles. Unfortunately, the electric vehicle trend or feature is still not favoured and accepted by the majority of the buyers in the United States and United Kingdom because they still prefer to drive in petrol or diesel powered vehicles despite its huge contribution to the pollution of the environment.
The cloud machinery seems to be a partial trend or feature of the automotive that alters all the components of the motor industry. It is a feature that optimises development, cost reduction, waste elimination and promotion of services through designing, and other improved activities. Additionally, the problem of forgery faced in cloud technology would be easily resolved when the block-chain capabilities are fully introduced as it would be another important challenged rectified for the automotive industry. They would in general help to improve pricing techniques, eradicate forged parts, and assist in logical pricing.
The auto industry
It plays a crucial part in the United States’ economy by just viewing the amount of revenues and cash the television or advertisement companies gain through the advertisement of cars and vehicles for the car manufacturers. The biggest changes in the automotive industry include the huge success of the Japanese automakers such as the Toyota and the manufacture of more fuel-efficient cars in the U.S from the auto industry.