The state of the auto industry: ‘Nowhere to go’ but the future

The automotive industry is being disrupted by technology and a shift toward environmental credentials, as well as the negative impact of COVID-19.

The automotive industry was already facing challenges from longer lasting structural changes in society and politics long before the Coronavirus pandemic broke out last year. However, the devastating effects of COVID-19 in the past year has seen UK car sales drop to the lowest since 1992, falling more than 40%  in 2020.

So where is the automotive industry heading amid such strong market disruption, and what are some of the contributing factors?

Car-sharing has seen a massive increase in the past decade with a 7% rise in European users in 2020, and therefore lessened the demand...

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