Demand

Used car prices continue rising as demand heats up

By Betty C. Morrow 1 week ago

Buying a new car concept
Photo (c) Theerapan Bhumirat EyeEm – Getty Images

The shortage of new cars that began in 2020 is likely to continue through at least the first half of 2022, automotive experts say. The means higher prices and longer wait times.

“The typical dealership experience that consumers are familiar with – walking dealer lots with rows and rows of cars, negotiating over price and getting many incentives – is not likely to return this year because there are 4.5 million to 5 million consumers on the sidelines waiting for cars,” Tyson Jominy, head of data and analytics for J.D. Power, told CNBC.

Cox Automotive concurs. It found that sales were mostly flat last year, most likely because dealers couldn’t get enough cars to satisfy demand. Sales improved slightly toward the end of December, but it wasn’t enough to move the needle.

“Still, in 2021, sales results are not necessarily the

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Worldwide Automotive Seatbelt Pretensioner Industry to 2026 – Increasing Demand for Sports Utility Vehicles Driving the Market – ResearchAndMarkets.com

By Betty C. Morrow 4 weeks ago

The “Automotive Seatbelt Pretensioner Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The automotive seatbelt pretensioner market is valued at USD 3.07 Billion in 2020 and is expected to reach USD 6.17 Billion by 2026 registering a CAGR of over 8% during the forecast period, 2021-2026.

Companies Mentioned

  • ZF Friedrichshafen AG
  • Autoliv Inc.
  • DENSO Corporation
  • Joyson Safety Systems
  • Itw Safety
  • Continental AG
  • Hyundai Motor Company
  • Special Devices Inc.
  • Iron Force Industrial Co. Ltd
  • Tokai Rika Co. Ltd
  • Delphi Technologies

Key Market Trends

Increasing Demand for Sports Utility Vehicles driving the Market

The demand for seatbelt pretensioners has been increasing at a rapid pace all over the world, especially in the emerging markets. The automotive safety systems are generally fitted to the sports utility vehicles, based on government regulations and the growth of public awareness.

The market for sports utility vehicles

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Automotive Audio Amplifier Market size to grow by USD 651.56 Mn | Driven by Growing Demand for Differentiated In-car Experiences | Technavio | State

By Betty C. Morrow 1 month ago

NEW YORK, Dec. 10, 2021 /PRNewswire/ — The global automotive audio amplifier market has grown considerably over the years. The market is expected to grow by USD 651.56 million between 2021 and 2025, expanding at a CAGR of 3.7% during the forecast period. The increase in the sales of passenger vehicles and the rise in the production of automobiles, especially in developing countries such as China, India, and Japan are increasing the demand for automotive audio amplifiers. In addition, the introduction of premium audio systems as standard fitment in entry-level and mid-sized cars is creating significant growth opportunities for market players.

Get insights on the exact growth variance and future growth opportunities in the automotive audio amplifier market by purchasing our full report.

Start by Downloading a Free Sample

The market is fragmented due to the presence of a number of regional and international players. The degree

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AutoZone Stock Up; Earnings Beat Amid Huge Used-Car Demand

By Betty C. Morrow 1 month ago

Shares of AutoZone  (AZO) – Get AutoZone, Inc. Report jumped Tuesday after the car-parts retailer reported a fiscal-first quarter profit-and-sales beat. 

For the quarter ended Nov. 20 the Memphis company reported earnings of $25.69 per share on revenue of $3.67 billion. 

Analysts surveyed by FactSet were expecting earnings of $21.01 per share on revenue of $3.37 billion. 

“Our retail and commercial sales performance were consistently strong all quarter,” Chief Executive Bill Rhodes said in a statement. 

“Our commercial business growth continues to be exceptionally strong at 29.4% as the investments we are making are positioning us well in the marketplace,” 

“We are optimistic about our growth prospects for the balance of the fiscal year.”

Shares of AutoZone at last check moved up 1.6% to $1,910. 

Used-car demand has surged during the pandemic, particularly because supplies of new cars have dried up due to the worldwide semiconductor shortage. 

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