Continuous Innovations and Changing Trends in Automotive Industry

The global automotive industry is developing with increasing demand for new vehicles. Automotive parts are either Original Equipment or aftermarket parts. From last few years there was fluctuation in the growth of automotive industry. U.S., European and Asian markets are contributing to a large extent in the development of automotive industry. Due to globalization, the pressure on manufacturers, suppliers, and the dependent businesses has increased. The demand and preferences of customers are changing with improved technologies in automobile industries.

It’s a tough challenge for automobile industry to cope with ever-changing trends in the industry. Customers and manufactures are becoming more quality conscious. Market research reports determined new methods adopted by manufacturers for improving quality and productivity like assistance of computer design, production, and testing. Total Quality Management, Six-sigma, 5 S, Kaizen, just-in-time etc. Use of these techniques has increased durability of parts which results in less need for repairs. Globalization has increased the competition in market which increased cost pressures on producers. Many producers had cut-off prices by using advanced techniques of productions and offered quality products at low price to the customers. National focus on volatility and environmental movement has increased the pressure on automakers to opt for alternative energy resources like bio-fuels, hydrogen, etc. During the recession phase automotive industry had suffered a lot. The production and sales decreased with shift in trends. The number of automobile manufacturers is increasing every year.

In the present scenario the rates of internet savvy and techno savvy customers have increased. This in turn forced the global automobile industry to do technological innovations to survive in the market. Research reports have analyzed that in days to come the demand for hybrid vehicles may increase due to increase in fuel prices. Some growing trends in automotive industry are shift in demand from large vehicles to small vehicles and from high-consumption vehicles to fuel-efficient cars. New technologies were introduces in the industry like diesel hybrids, clean diesels, and hybrids, manufacturers became more customer centric. The challenges of automotive industry increased with emergence of globalization, new technology, change in customer demands and economic uncertainties. To overcome these challenges companies started investing more on research and development of existing technology.

This was done to modify engines and producing more fuel-efficient vehicles and machines so that customers can save cost of spending on fuel as well as to increase the sales, profitability and market share. Fuel efficient vehicles like power and battery vehicles came into existence with innovations in technology. Manufacturers adopted production techniques like mass production, lean production and craft production to get benefits if economies of cost and reduce cost of production per unit. Major innovations made by manufactures in product offerings were improved transmissions and engine modifications which improved the operation level of engines. Businesses have been making continuous changes in their production methods and technology in order to serve customer needs, meet customer expectations, improve productivity, increase sales, increase market share and in all to sustain in the market.

A Look At Social Networking For The Automotive Industry

Social networking for the automotive industry seems a bit hard to fathom. With all of the sites out there doing it, but only concentrating on a couple of different sectors of the industry. The way I see it for this to work, it needs to be more all-inclusive.

The automotive a whole is having hard times right now, and believe me they are all looking for ways to make their businesses perform better. They go to the web because it’s one of the best places to push their businesses without having to spend more money then they can afford.

With all of the buzz on the net about social networking, you can bet they are looking in to it, just as I did. A lot of them are probably finding the exact same thing as I did, that there are no social networks that are directly related to their business.

Why on earth would you join a social network that doesn’t relate to your business? I know I wouldn’t do it, if they are looking to promote their business by the use of a social network, it just makes sense to look for like minded people in the social networks.

It stands to reason that a person who is looking to promote their auto restoration shop, doesn’t want to join an automotive social network that is aimed at new car dealers. What point is there to spend the time that it takes to network with people there.

Social networking takes a lot of time to do right. You need to figure out the best way to use it for your business. It takes hours of studying to get it right, you need to know demographics, and why the customers would respond to your as opposed to another person.

If you on the network that is aimed at you specific sector you increase you chances of it working for you greatly. Although a lot of the automotive industry still has no place to go for this, people are out there wondering why automotive social networking seems to be failing as a whole.

The bottom line is there is no such a thing as the idea of as a whole, it is just a few sectors of the industry that are covered in the social networking universe. I wonder how these people have come to a conclusion that it’s failing as a whole, when that doesn’t exist yet.

When you take a slice of pie, you can’t know the entire story of that pie. No I don’t think that automotive social networking as a whole has failed, I think that it need to have deeper exploration. The automotive industry is a tough way to make a living.

A lot of the people in the industry feel as if they got left out in the cold, if you give them a nice warm fuzzy place to call home, you can bet they will swoon right on it. They will attack like a pack of vultures, but they need to fell like they are getting something from it.

In the automotive industry we don’t have piles of money sitting around to experiment with, we need things to work the first time. I realize that most of these web sites don’t charge to join them, but it does take a person a lot of time to make them work.

Automotive Industry News Points to Recovery

There have been some very grim headlines from automotive industry news feeds for about 2 years now, since the beginning of the 21st century recession. The auto industry was one of the hardest hit markets to fall victim to the economic slump, but it looks as though this downturn is now looking up. Analysts in the auto market have been forecasting positive recovery for the year to come. Companies who have been keeping their focus on the future, beyond the recession, will most likely be the first companies to jump start their recovery.

A double whammy recession for the auto industry is not likely, according to analysts. On the contrary, they predict. Good things are to come to auto makers and retailers this year. Many car makers are putting back in place some of the jobs they cut due to the recession. Although some companies are reluctant to do such a thing because they still have not healed from the recession, you will find a surprising number of companies that are reinstating jobs that were lost.

Some of these reluctant manufacturers have barely made it through the recession and still bare the battle scars. It will take some absolute numbers for them to recover. Their logic makes sense. They want to be able to hold on to new employees once they are hired. Just like consumers, these types of companies just need some confidence that the economy is really back on the road to recovery.

Stock piled supplies are not as large as they used to be in retail car shops or manufacturer warehouses. Although you will not see an overly loaded car dealership, you will see new models coming in for the bright predictions of recovery, just not in the quantity we are used to seeing. The economy is sending signals that we should get ready for a recovery, but it will still take some more time to encourage both the consumer and the retailer to spend on new cars.

Auto industry specialists gathered to come up with innovative ideas to move the car market forward. Most companies are moving forward but with extreme care. They are being encouraged to take the lead and stimulate the economy for further gain. After nearly two years of abiding to strict budgets, consumers are now ready to splurge on a big ticket item such as a car, and dealers are being encouraged to take advantage of this big spending nostalgia.

It is precisely due to this reason that after the recessions of both the 80’s and 90’s one of the first places on the market to recover was the auto industry. Experts are hopeful this will happen now as well. When people see positive signs of an economic recovery the chances of them buy a car increases.

Finally, some good automotive industry news! A positive forecast is much needed for this market. But wait. There may be a downside for you as a consumer. A car that you will purchase this year could cost you a little more than it would have if you had bought it last year at this time. After several months in a recession car makers really want to see profits rise. One way to see them rise is to charge you more. Although not all car makers are raising prices it would be wise to do your homework before you go out and buy a new car.

Opportunities to Set up or Expand Your Automotive Industry Related Business

In 1984 Nissan established a Factory in Sunderland, North East England. In the past eight years this factory has been Europe’s most efficient car plant. Since then Nissans overall investment in the region has been approximately £2.1bn ($4.1bn).

The North East of England also boasts a wide range of specialist industrial support. This includes the NEPA programme which looks at lean automotive manufacturing; The Regional Centre for Manufacturing Excellence; The Automotive Academy; and the Automotive Centre for Excellence.

These resources are made available to businesses that are looking to set up in the region. The regional development agency, One NorthEast, have a dedicated team who help businesses from all over Europe and around the world to look at the opportunities available to business looking to relocate and take advantages of what the North East has to offer.

Located in nearby Newcastle upon Tyne is Northumbria University. The design school contributes to the industrial design of automotive products.

The level of commitment by Nissan has propelled the North East of England as one of the top places in Europe to relocate automotive businesses [http://www.investnortheastengland.com/page/sectors/automotive.cfm] as well as the expansion opportunities available.

Nissans decision to move to the North east has prompted over 150 automotive companies to relocate or start up in the region and the industry now has a combined workforce of 18,000 skilled people. Companies in the car or car component industry can take advantage of the regions large and skilled workforce with great employment skills in the automotive industry.

In addition to the employable skills enjoyed in the region, the industry is also supported through the Institute of Automotive and Manufacturing Advance practice at the University of Sunderland which is recognised worldwide as a one of the leaders in its field. Its research includes materials and structural analysis, manufacturing systems and ergonomics. There is also Durham University’s Centre for Automotive Research; here they have expertise in vehicle aerodynamics and hybrid vehicles.