Boom or Gloom: The Shifting Landscape of the U.S. Auto Industry
KEYPOINTS: GM and Ford are in a better position than Stellantis due to their diversified business models, which include credit services, and generally newer product lineups that appeal more to consumers. The automotive industry is experiencing high inventory levels, which may lead to further production cuts despite plans to increase production in the fourth quarter. A significant increase in auto insurance costs over the years has boosted revenues for insurance companies but has made owning and insuring vehicles more expensive for consumers, contributing to a … Read more