Vehicle stock levels are at their lowest level in years as a microchip scarcity has crippled OEMs capacity to fulfill consumer demand. With restricted options out there, customers have deserted the new market in favor of a robust used market, decreasing the return to market population and hindering OEM retention opportunities. A global source of aftermarket perception enabling automotive professionals to maximize market share, identify rising market developments and optimize inventory and product administration.
Ontario remains a vital jurisdiction in the international manufacturing and improvement of EVs and will continue to build the progressive technologies that can define the longer term state of automotive design in electric automobiles and beyond. The automotive sector offers direct and indirect jobs to thirteen.eight million Europeans, representing 6.1% of total EU employment. 2.6 million folks work in direct manufacturing of motor vehicles, representing eight.5 % of EU employment in manufacturing. The EU is among …