
Markets in Focus :: General Q4 2023
December 14, 2023
The global business landscape has undergone significant transformations in the wake of the COVID-19 pandemic. Supply chain disruptions, a direct consequence of the pandemic, have fueled a rapid two-year surge in U.S. inflation. This surge, in turn, has elevated input costs for goods production and heightened public expectations of future price increases.
Within the auto industry, persistent challenges stem from uncertain weather events and evolving mandates related to electric vehicles (EVs), creating ongoing hurdles for the sector.¹
Concurrently, international conflicts and threats have intensified in various regions, posing sustained concerns.
Learn more in the latest Markets in Focus :: General report.
Resources and References
- Saric, D. (2023, November 22). Auto dealership market – what insurance brokers need to know. Insurance Business. https://www.insurancebusinessmag.com/us/news/auto-motor/auto-dealership-market–what-insurance-brokers-need-to-know-467574.aspx.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
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