Expert predicts auto industry could take 2 years to rebound to pre-pandemic sales levels

It’s going to take at least two years for auto manufacturers to restore the sales and production numbers seen before the start of the coronavirus pandemic, an industry expert told Michigan lawmakers in Lansing on Wednesday.Despite successful efforts from suppliers and manufacturers to keep their doors open and employees safe, staffing shortages and some overall drop in demand means the industry needs to continue to adapt and work collaboratively, said Carla Bailo, president and CEO of the Ann Arbor-based Center for Automotive Research.“Everyone is predicting this year about 13 million (vehicle…

Read More

HEDGE accordingly