industry

50 fascinating facts about the automotive industry

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How the COVID-19 pandemic is changing the automotive industry in the U.S.

buying a car
(© Kurhan – stock.adobe.com)

A few years ago, no one would have imagined that a pandemic would hit the world so hard that even the economies of wealthy countries would be significantly affected. Industries are finding ways to still thrive despite the surge in COVID-19 cases across the globe. With travel restrictions and partial or total lockdowns, the United States’ automotive industry has gone through many changes and adjustments.

Although overwhelmed by the pressure of supply and demand disruption, companies are stepping up to the challenge created by the COVID-19 pandemic by finding ways to

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‘Smart Car Leads’ Provides the Automotive Industry a 360-Degree Solution to Client Acquisition – Press Release

The growing digitalization of the entrepreneurial space has revolutionized how the automotive industry works. People’s increasing reliance on online-based channels and their demands for a digitally-enhanced experience when looking for their next purchase have pushed ventures to implement measures designed to meet consumer needs. Highly cognizant of the changes in the landscape, Smart Car Leads have made it its mission to equip the automotive industry with the tools it needs to keep up. 

Since its launch, Smart Car Leads have consistently delivered its promise to provide solutions to reduce the time and monetary effort needed to acquire new clients. Its establishment rests on the recognition of the existing gaps in the automotive industry and the issues caused by the pandemic, including dried-up showrooms. In the face of the challenges brought about by the outbreak, the role of digital technology shone even more, and without it, a significant number of businesses

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Car industry downgrades outlook after worst February in six decades

The automotive industry has downgraded its expectations for the year following the worst February for car sales since 1959.

Just 1.83 million new cars will be registered in the UK in 2021, according to the latest prediction from the Society of Motor Manufacturers and Traders (SMMT).

In January it had forecast a figure of 1.89 million.

The change comes after demand for new cars fell by 36% last month compared with February 2020.

Only 51,000 new cars were registered as showrooms remained shut.

February is generally a slow month for car sales due to many motorists waiting for new number plates to be released in March.

If the prediction of 1.89 million new cars being registered this year proves accurate, it would represent a 16% rise from 2020 but an 18% decline compared with 2019.

SMMT chief executive Mike Hawes said: “February is traditionally a small month for car registrations

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