American drivers are holding onto their cars, trucks, and SUVs longer than ever, with the average amount of time hitting a record of 12.5 years. The primary cause of this is the global automotive chip shortage. Due to lockdowns during the coronavirus pandemic, facilities manufacturing chips had to shut down. And that shortage has driven up…
Last year, the car and automobile manufacturing market in the US was worth more than $100 billion. The automotive sector is one of the biggest in the United States, although it has taken a hit in recent years. Factors such as the COVID-19 pandemic, supply chain issues, and the Russia-Ukraine conflict have had impacts on production…
With the rise of shared mobility, connectivity services and feature upgrades, the automotive industry is set to revolutionize in the next few years. However, with all the new technologies and trends in the market, car shopping can be daunting. Don’t stress, though. This 2023 car buying guide explains what to expect in the upcoming years…
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