Future Figures: SEMA publishes 2023 Future Trends report
Toronto, Ontario — Proving they don’t just put on a great show in Las Vegas, the organization behind the annual SEMA show has unveiled its Future Trends report for 2023 this week, which dives deep into industry and economic outlooks, vehicle trends and lingering supply chain issues. First touching on the organization’s namesake sector, the […]
Underachievement Unlocked: 2022 may have seen lowest auto sales in more than ten years, automotive consultants say
Toronto, Ontario — Annual light vehicle sales volumes for 2022 are on track to break the 1.5 million purchase volume maintained for more than a decade, according to an estimate from market research company, DesRosiers Automotive Consultants (DAC). Specifically, they predict that 2022 will wrap up with sales below 1.5 million units due to November’s […]
Silicon Shift: Global car production forecasted to increase, says research analyst
Toronto, Ontario — Global car production is forecasted to increase in the second half of 2022 thanks to supply chain recovery, according to a report by, J.P. Morgan Research, a research wing of the international banking company. Semiconductor and chip shortages are nearing the end and should become more readily available in the second half […]
IHS Markit says autonomous vehicle sales will surpass 33 million annually in 2040
Southfield, Michigan — January 8, 2017 — Autonomous vehicles (AVs) may become widespread more quickly than realized by the general public. According to a report by business information provider IHS Markit, more than 33 million AVs will be sold globally in 2040. A 600-fold increase over the forecast sales numbers for 2021, 51,000 AVs. The […]
