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Creative Solutions To Fuel The Automotive Industry

By CIOReview | Friday, January 3, 2014

In 2013 the automotive industry focused mainly on improving transmissions, accessory load reduction through the intelligent energy management of other vehicle components, vehicle electrification, hybridization, improved battery management systems, new battery chemistries, and power electronics. While the sales for this sector rapidly grew, the industry also expanded simultaneously in terms of technology. Softwares and applications catering to the needs of the automotive companies saw a drastic improvement which directly fueled the companies’ performances in the year. Many industry experts are of the opinion that 2014 will be the year that will uplift the automotive industry to a new helm, placing it in the forefront of the race.

“2014 should continue to see strong spending in the fuel efficient and high-image vehicles sectors. Younger customers will have less resistance to spend more on cars that have tech features that enhance their lifestyle,’ says Roger Hector, CEO, Anteros. While considerable amount of innovations are also seen on the vendors and dealers side, industry experts and their expectations continue to remain focused towards fuel efficient automobiles and creative solutions that tackle real problems in the industry.

With tech giants like Google experimenting with autonomous cars and Tesla revolutionizing the electric cars, the multi billion worth automotive industry is witnessing new and rejuvenating trends. However, the demand for expertise and experienced players in the industry still remains high. Expert analysts and industry leaders predict a V-shaped growth pattern for the automotive industry in the U.S., despite market-imposed capacity constraints. In 2014, the sales proceedings of the sector are expected to increase drastically which will directly improve the distribution channel systems along with precise vendor management applications.

While the government did its best to rescue the auto industry back in 2012, it’s no secret that the automotive market charged back in a big way in 2013. But the momentum and pace of performance of the complete sector has to be sustained by both the major players and entrants to ensure that 2014 will be a year of hope and prosperity for the industry along with the whole of U.S. economy.

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