Most of the modifications occurring in the automotive market right this moment, including tightened credit markets in a capital-intensive industry and elevated authorities involvement are the most recent international challenges. Many small enterprise owners work in the automotive trade. Some owners open up their own used automotive dealership. Others work with dealerships to take care of autos corresponding to dent repair, interior repair, and customized body paint. Some enterprise house owners work with car equipment. Equipment can be a big business because it contains car stereos, custom components, and designer seats.
The automotive business in the United States experienced a pointy drop in demand in March 2020: vehicle gross sales have been down 38 p.c year-on-year. 2020 light vehicle gross sales are anticipated to be between 14.5 and sixteen.four million units, depending on the severity of the influence from the coronavirus pandemic. In 2019, slightly below 17 million mild automobiles … Read More