Positive outlook for automotive industry
The North American automotive industry has bounced back after years of instability, underperforming, and quarter after quarter loss. 2010 has seen profitability levels on par with the early 2000's when production levels were 30% higher.
Many automotive companies are enjoying profitability levels that seemed out of reach a year ago and are now shifting into a growth model. While auto makers shift towards a growth model it gives them time to recover from the initial sales volume model they have been accustomed to over the past decade.
Another shift in the automotive industry is the shift from big car purchases and manufacturing to smaller compact cars, and the increase in profits from the automotive repair shops.
It is time for automotive dealerships to reinvent themselves in order to stay relavent and continue to grow and increase revenue.
