10 auto industry predictions for investors to keep an eye on this year
Publishing timestamp: 2023-01-15 08:00:01
Summary
Wall Street and industry analysts are on high alert for signs of "demand destruction" in the US automotive industry this year due to rising interest rates, affordability issues, and fears of recession. Cox Automotive has 10 predictions for the US auto industry this year that point to a challenging year ahead, such as electric vehicle sales outpacing overall industry, consumer demand concerns, and higher costs. These factors are expected to lead to lower demand and higher inventory levels, which could put pressure on the US automotive industry.
Sentiment: NEGATIVE
Tickers: 7203.T-JP, STLA-IT, STLA, TM,
Keywords: toyota motor corp, business, business news, autos, detroit, united states, transportation, breaking news: business, stellantis nv,
Source: https://www.cnbc.com/2023/01/15/ten-auto-industry-predictions-2023.html