We came across this interesting insight piece from across the pond regarding the broad impacts of autonomous vehicles. Whilst penned in America, the scenarios outlined ring true or the European market making this article a must read. Autonomous cars will, in time, change the face of the entire automotive industry and aftermarket businesses will need to prepare for this revolution.
The SMMT have reported that demand for new vans in the UK remained steady during August. LCV business provides a revenue stream for so many aftermarket businesses, not least Comline with our LCV filters, braking and more. It's great to see there will be plentiful LCV demand for the aftermarket in the years to come.
Noted website Automotive Management Online carries an intriguing article analysing the worldwide growth of new vehicle sales, predicted to top 100 million in 2019. It's little surprise to see the thriving economies of China and India spearheading worldwide growth with the more established US and European markets lagging behind with more modest growth.
Fear not however, the pipeline of new vehicles heading to the aftermarket remains as strong as ever!