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Even though the shares of US car retailers rose this September, analysts predict that longer-term concerns over the threat of eccomerce and weak demand in the sector remain. O’Reilly Automotive rose on Monday, up 2.7 per cent to $215.15. It outperformed the broad S&P 500 index which weakened 0.2 per cent to 2,496. The Dow Jones Industrial Average also traded down 0.2 per cent at 22,296 on Monday in New York, while the Nasdaq Composite shed 0.9 per cent to 6,370. Genuine Parts, which distributes replacement car parts, saw the biggest gains of any stock in the S&P 500 on Monday, ri...
We’ve been waiting for something to change dramatically the automotive industry, just like the iPhone did to the mobile industry 10 years ago, and that one thing that could make it all different is the electrification of cars. The rise of Tesla and its rivals could be boosted by complementary services from Uber and Alphabet's Waymo unit, just as the iPhone rode the app economy and fast mobile internet to decimate mobile phone giants like Nokia. The culmination of these technologies — autonomous electric cars available on demand — could transform how people travel and...
The average annual turnover for sales people in the automotive business is 67%. Also, it’s important to notice that this job is not the one job seekers are interested in. Only about a quarter of them in the industry would also be interested in selling jobs at a dealership. If you’re a dealer, you think, ‘Why would I want to invest in people if they’re going to quit? But they quit because of a lack of training. So it’s a case of the chicken or the egg.” Of the 800 job seekers surveyed, 5 percent said they’d be interested in working in the automotiv...
Ford Motor Co. has designed a light signal system for autonomous cars that company officials say helps solve the problem of self-driving cars safely interacting with pedestrians, bicyclists and human drivers. Ford engineers said they hope tests results from real-world encounters will pave the way for standardization and industry-wide adoption. The white light display, located at the top of the windshield, is designed to communicate intent to yield way or accelerate from a stop, which today is done through hand gestures, head nods and eye contact. The display’s color and locati...
Specialists have revealed a new analysis that suggests how doomed is the gasoline engine for the automotive industry. It seems like the gasoline engine is the “horse” of the new century, a bit too old and outdated, but still a method to ride to the place you need. Along with a spate of recent commitments to electric vehicles by governments and car companies, the study offers hope about the prospects for weaning the transportation sector off carbon. Of more than one billion registered vehicles on the road today, only two million are electric (with one million of thos...
