Growth

Vehicle price increases outpace worker wage growth, study shows

The price to buy a new or used car is increasing at a faster rate than the average wage growth in the nation, a study said.

On Thursday, Anderson Economic Group, an East Lansing-based economic consulting firm, released the results of a recent analysis comparing new and used vehicle price increases against wage growth in the U.S. private sector. The study relied on data from the U.S. Bureau of Labor Statistics related to the Consumer Price Index to compare the cost of a new and used vehicle relative to average weekly earnings for private jobs.

It found that the average new car price last year increased by 11.8% in December compared with a year earlier. The average price of a used vehicle increased by 37.3% for the same period, according to Consumer Price Index data cited in the study.

But the average weekly earnings for all private jobs in the

Read More

Automotive Antenna Module Market to grow at a CAGR of 8% by 2025 | Increasing Connectivity Technologies in Vehicles to Boost Growth |17000+ Technavio Reports |

NEW YORK, Jan. 14, 2022 /PRNewswire/ — 40% of the growth will originate from North America for the automotive antenna module market. The US is the key market for automotive antenna modules in North America. Market growth in this region will be faster than the growth of the market in regions. The high demand for automobiles in the US will facilitate the automotive antenna module market growth in North America over the forecast period. The automotive antenna module market is set to grow by USD 525.67 million from 2020 to 2025, progressing at a CAGR of 8% according to the latest report by Technavio.

To know the exact growth variance and the Y-O-Y growth rate – Request a free sample report.

Automotive Antenna Module Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple

Read More

Automotive Parts Market in Poland to Record USD 8.51 Bn Growth | 7.58% CAGR Projection Through 2026 | 17,000+ Technavio Reports | State

NEW YORK, Dec. 23, 2021 /PRNewswire/ — The automotive parts market in Poland is set to grow by USD 8.51 billion between 2021 and 2026, accelerating at a CAGR of 7.58% during the forecast period. The market is segmented by distribution channel (offline and online) and vehicle type (passenger cars and commercial vehicles). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.

Purchase our full report on the automotive parts market in Poland for a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

Read our Free Sample Report before purchasing.

Key takeaways from automotive parts market study in Poland

  • Automotive parts market size in Poland to increase by USD 8.51 billion at 7.58% CAGR between 2021 and 2026
  • 7.21% year-over-year growth expected in 2022
  • Offline distribution
Read More

Automotive Aftermarket Market to grow by USD 211.53 billion | Rising Number of Automotive Consumers to Boost Growth | 17000+ Technavio Reports | State

NEW YORK, Nov. 29, 2021 /PRNewswire/ — The automotive aftermarket market is set to grow by USD 211.53 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 4.39% according to the latest report by Technavio.

To know the exact growth variance and the Y-O-Y growth rate- Request a free sample report.

Automotive Aftermarket Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive aftermarket market report covers the following areas:

Automotive Aftermarket Market 2022-2026: Vendor Analysis

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 3M Co., Aptiv Plc, Continental AG, Cooper Tire and Rubber Co., DENSO Corp., HELLA GmbH and Co. KGaA, Robert Bosch GmbH, Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG are some of the

Read More