Auto Industry Outlook: Navigating the Road Ahead 2022-2023

Hi Larry​,  

The automotive industry has steered through its share of difficulties in the past year; among them, reduced inventory, interest rate hikes, price increases, and the ongoing chip shortage. 

What’s ahead for the latter half of 2022 and 2023 for the auto industry? While it may be more of the same, as chip and inventory shortages linger, prices could level out, according to industry expert Scott Kunes, COO of Kunes Auto Group (https://u7061146.ct.sendgrid.net/ls/click?upn=4tNED-2FM8iDZJQyQ53jATUa3noovoXpejobxlY-2Bmn0BkE7sg8-2FCgXr-2FNUJXVJlAl-2BWcTW_kfytytOqXJMoRhb2oyNeM-2FcljueGrqKFILtw-2BUtBDCZc-2B7jSduJFzsW9AulIlN6LstdX7xxdwiKAV3YjflfpWbErGA2leQvJ0cEapzz7DYPASXyA6eHzvXsEXt2qWw5DwLYnnnQPx5JdTYYnwN5QUXTqpPI-2BVzBSF97FOb4qIc5yRTgaYHvO7sWXTWVMUzg5N5tOE-2B0AuHR3g-2FFUW4EGRWciLDkhyjpOrZV-2FneiY1-2FaEgMJ-2BH3uobMqEdQP5tH5ycZkiSe1Cw7uqi88K93rlaGMqfLHSj5BK-2FBYl6zeGUB9AkG85Dbz8dM2C-2BZq3Q1yGqKEryDBSC17WNp88CgjZ-2BFvxMWYyDw4yuMfL-2Fs3p4-2BY-3D , 

“As interest rates rise and consumer confidence falls, we do see both new and used car sales slowing,�?? says Kunes. “The bright spot is that there is still a pent-up demand due to the supply chain crisis that should keep prices stable. As the manufacturers ramp up production, we do see a return to rebates and incentivized rates to keep sales going in the right direction.�?? 

To help your audience navigate the road ahead, Scott can share insight on auto industry trends, based on his experience with his family’s 40 plus automotive dealerships in the Midwestern U.S., including:  

· The impact of the CHIPS and Science act on the automotive supply 
· If and how skyrocketing new and used car prices might respond 
· The rising popularity of EVs and other alternative fuel sources and how the Inflation Reduction Act could influence demand 
· Connected cars and technology trends 
· The best time to buy a new or used car  

If you are in need of an expert source on the automotive industry for any of your upcoming stories, I would love to set you up with Scott Kunes for a conversation.   

I look forward to hearing from you!   

Ryann Checchi 
Account Manager

M  (708) 420-4776

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