Why Analysts Say The Auto Industry Is Heading For Demographic Cliff
By CNBC
Community Score: 50% | 10.3K views | 2w
0 community ratings: null thumbs up, null thumbs down
The auto industry is staring at a 'perfect storm' of slowing population growth, longer lasting cars, high prices, and new technology. These factors stand to put significant downward pressure on new car sales by 2040, according to analysts at Bain & Co.. The landscape could be far more competitive and prone to consolidation. Chapters: 00:00 Introduction 00:46 Chapter 1: The reasons why 03:22 Chapter 2: Uncertainty 04:56 Chapter 3: Competitive U.S. Reporter: Robert Ferris Produced, shot, and edited by: Darren Geeter Additional editing by: Carlos Waters Animations: Jason Reginato, Emily Park Senior Managing Producer: Tala Hadavi Additional footage: Getty Images Additional sources: Bain & Company, AutoForecast Solutions » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience spec
Tags: demographics, birth rate, immigration economy, auto industry sales, forecasts, EVs, autonomous, self-driving cars, Ford, GM, Toyota, Honda, Tesla, Rivian, Stellantis, BMW, volkswagen, Mercedes-Benz, Hyundai, Kia
More from CNBC
- How The U.S. Became So Dependent On SpaceX — Score: 50%
- Millions Have Signed Up For Trump Accounts. But There Are Still A Lot Of Unanswered Questions — Score: 50%
- Supreme Court Says Trump’s Tariffs Are Illegal. Here’s What Happens Next — Score: 50%
- Why New Balance sales are soaring while Nike falls — Score: 50%
- How tariffs are pushing America’s furniture industry to the brink — Score: 50%
- United Airlines Overhauls MileagePlus Program — Here's What To Know — Score: 50%