Over the past three years, the automotive industry has undergone significant changes, spurred by a global pandemic that disrupted vehicle supply chains, the rapid development of new technologies, and fluctuating interest rates. As manufacturers and dealerships have navigated this tumultuous landscape, they’ve been forced to adapt swiftly to the world’s ever-evolving demands. As we near the end of 2023, it’s crucial to look ahead and anticipate what 2024 might bring. With the rise of electric vehicle (EV) sales, inflation, and potential roadblocks stemming from strikes and parts shortages, the industry must stay vigilant and responsive to various market conditions and trends.
