Navigating the auto sector through the pandemic was difficult, and recovery in 2021 was disappointing. This year has remained a challenge for most industry participants. While the global economy and automotive industry has demonstrated resilience and innovation in the face of pandemic-induced challenges, disruption has become the new normal as the global market continues to be hampered by three years of stacked supply shortages and demand obstacles.
Overall, the industry has held up better than expected through high inflation, rising interest rates and manufacturing difficulties. However, all markets are no longer performing in sync, and specific drivers have decoupled performance. Demand has cooled in some markets, such as Europe, while China has set new selling rate records as the market reopened with a vehicle purchase incentive. The US is somewhere in between, showing signs of some consumers being squeezed out of the market due to affordability, yet supply remains below underlying demand.
With turbulence set as the backdrop, we are pleased to mark the return of our in-person conferences, starting with the Global Automotive Outlook Conference at the Townsend Hotel in Birmingham, Michigan on Monday October 3, 2022.
We will be sharing valuable insight covering a range of topics impacting the recovery pace in the global automotive industry from a regional and market basis, including a deeper dive into the specific issues driving the US and North American markets. We will look at the near-term outlook, as well as longer-term trends such as the expected shift to electrification and changes to the interior of the vehicle given the push toward autonomous vehicles. Below is the full agenda.
This will be an event you will not want to miss. For more information and to register, please click here.
We hope to see you there!