The automobile market is looking at a ‘ideal storm’ of slowing down population growth, longer long lasting autos, high prices, and brand-new technology. These variables stand to place substantial downward stress on new vehicle sales by 2040, according to experts at Bain & Co. The landscape might be much extra competitive and vulnerable to loan consolidation.
Phases:
00:00 Introduction
00:46 Chapter 1: The reasons that
03:22 Chapter 2: Uncertainty
04:56 Chapter 3: Competitive U.S.
Reporter: Robert Ferris
Produced, shot, and edited by: Darren Geeter
Added editing by: Carlos Waters
Animations: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Added footage: Getty Images
Extra sources: Bain & Company, AutoForecast Solutions
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Why Analysts Say The Auto Industry Is Heading For Demographic Cliff