iFrog Marketing Solutions’ Post

Despite beginning 2024 with low January sales and elevated interest rates, the automotive industry has proven resilient, recording a 5.6% increase in Q1 sales. Dealers are dealing with high-interest rates and inventory challenges, but manufacturers are responding with more incentives and strategic fleet sales. For more insights, read the latest Hilco Global Smarter Perspective: https://lnkd.in/gVyihEUG #Automotive #Vehicle #InterestRates #HilcoGlobal

The net sales data for Q3 2023 revealed that the Hilco Global Parts Index (HPI or the Index) experienced a 4.7% growth, reaching $22.0 billion among its five member companies, compared to Q3 2022. In alignment with this, the trailing twelve-month (TTM) sales amounted to $81.6 billion, showing a 5.4% increase from the TTM sales concluding with Q3 2022. Read more about the index here: https://lnkd.in/gXGeJmeS #Automotive #AutoParts #HilcoGlobal #HilcoValuationServices #AutoIndustry

Discover how Röchling Automotive, a leading automotive supplier, achieved a twofold bandwidth increase and a 20% drop in network incidents, propelling its transition to Smart Manufacturing across 40 sites. Read the press release here. #sdwan #smartmanufacturing #manufacturing #automotive #gtt

Discover how Röchling Automotive, a leading automotive supplier, achieved a twofold bandwidth increase and a 20% drop in network incidents, propelling its transition to Smart Manufacturing across 40 sites. Read the press release here. #sdwan #smartmanufacturing #manufacturing #automotive #gtt

Throughout the previous year, the auto sector danced around a seasonally adjusted annualized rate (SAAR) of 16 million units on various occasions, yet never managed to exceed it. Ultimately, U.S. light vehicle sales for the entirety of 2023 reached 15.6 million units, showing a 13% increase compared to 2022. Current forecasts for 2024 are anticipated to fall between 15.5 million and 16.0 million vehicles. More in the latest Hilco Global Smarter Perspective: https://lnkd.in/dxwxuBdD #Auto #AutoIndustry #HilcoGlobal #VehicleSales #Automotive

The net sales data for Q3 2023 revealed that the Hilco Global Parts Index (HPI or the Index) experienced a 4.7% growth, reaching $22.0 billion among its five member companies, compared to Q3 2022. In alignment with this, the trailing twelve-month (TTM) sales amounted to $81.6 billion, showing a 5.4% increase from the TTM sales concluding with Q3 2022. Read more about the index here: https://lnkd.in/exXWf48Z #Automotive #AutoParts #HilcoGlobal #HilcoValuationServices #AutoIndustry

The automotive industry is showing signs of recovery despite a tough start to 2024, with low January sales and high interest rates. Sales have increased by 5.6% in the first quarter. While dealers grapple with high-interest rates and inventory challenges, manufacturers are adjusting by offering more incentives and focusing on strategic fleet sales. The Federal Reserve's possible rate cuts and industry production tweaks could help stabilize the market. More information is available in the latest Hilco Global Smarter Perspective: https://lnkd.in/eDdiRxh5 #Automotive #Vehicle #InterestRates #HilcoGlobal

Throughout last year, the auto sector came close to reaching a seasonally adjusted annualized rate (SAAR) of 16 million units on multiple occasions, yet fell short of achieving it. Eventually, U.S. light vehicle sales for the entirety of 2023 tallied up to 15.6 million units, marking a 13% surge from the previous year. Present forecasts for 2024 range from 15.5 million to 16.0 million vehicles. Read more in the latest Hilco Global Smarter Perspective here: https://lnkd.in/d79N3RjR #Auto #AutoIndustry #HilcoGlobal #VehicleSales #Automotive

Discover how Röchling Automotive, a leading automotive supplier, achieved a twofold bandwidth increase and a 20% drop in network incidents, propelling its transition to Smart Manufacturing across 40 sites. Read the press release here. #sdwan #smartmanufacturing #manufacturing #automotive #gtt

Throughout last year, the auto sector came close to reaching a seasonally adjusted annualized rate (SAAR) of 16 million units on multiple occasions, yet fell short of achieving it. Eventually, U.S. light vehicle sales for the entirety of 2023 tallied up to 15.6 million units, marking a 13% surge from the previous year. Present forecasts for 2024 range from 15.5 million to 16.0 million vehicles. Read more in the latest Hilco Global Smarter Perspective here: https://lnkd.in/enDFYw_K #Auto #AutoIndustry #HilcoGlobal #VehicleSales #Automotive