Leading tire manufacturers launch global sustainability Roadmap
Geneva, 18 May 2021: The members of WBCSD’s Tire Industry Project (TIP) have launched…
Continue Reading
May 18, 2021
Volatility has been a theme shadowing the automotive sector, and indeed the broader economy, since the onset of the pandemic over a year ago.
Specific to the auto space, we have been through record dips in used car sales, to record highs and similarly unprecedented used car price drops to month-over-month record breaking used car value gains across the board.
There has been a multitude of COVID related disruptions at OEM and parts suppliers globally, adding to growing new vehicle supply issues. Domestically, new and used supply is staggeringly low, for a number of reasons. Volatility in supply is a major cause of volatility in prices.
Source: Autosphere
Tire and Rubber Association of Canada
A19–260 Holiday Inn Drive
Cambridge, ON N3C 4E8
Tel: (519) 249-0366
Email: [email protected]