Auto

Importance of Seasonal Automotive Sector Trends

In the US, the automotive sector is the biggest manufacturing industry. It accounts for 3% of the country’s total GDP. Car sales stats in the US even reveal that a large portion of total consumer spending is attained from automobile sales. It is the primary indicator of a country’s annual economic growth. The automotive sector experiences some fixed seasonal trends. In spring and fall the demand for the car is high, while in January, February, and first week of March the sales decline. During the winter months, car dealers find it difficult to sell their inventory because consumers are less...