As automakers continue to grapple with pandemic-related supply-chain disruptions, including the global semiconductor shortage and factory and assembly plant lockdowns, auto dealers are also facing empty dealerships and a lack of both new and used car inventories. Since May of 2021, new-vehicle days' … [Read more...]
Search Results for: auto industry
A New Way for the Auto Industry to Pay
Despite major advancements in the payment industry, there’s no perfect way for auto businesses such as dealerships, repair and body shops, and auto parts providers to make payments. ACH transactions are secure and fast but require the recipient to supply their private banking information. Credit … [Read more...]
Looking Ahead: The Automotive Industry Outlook for 2023
The automotive industry outlook since the start of the pandemic has faced nearly constant shortages and supply chain concerns. In 2022 automotive dealers faced additional obstacles in the form of skyrocketing gas prices and rising interest rates. Although U.S. new vehicle prices continue to set … [Read more...]
2022 Automotive Industry Economic Outlook
How the Restaurant Labor Shortage is Reshaping the Service Industry
Ongoing labor shortages have been widespread, affecting many industries, but they are particularly prominent in restaurants. Despite projections that the workforce in the restaurant industry is estimated to grow by 500,000 jobs by the end of this year, 32% of restaurants say they are facing moderate … [Read more...]
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