As we step into 2012, the auto industry is poised for a year of recovery and innovation. With the challenges of 2011 behind us, including natural disasters and economic hurdles, the industry is set to introduce new vehicles and groundbreaking ideas. This year promises to be a pivotal one for automakers and consumers alike.
With the dawn of 2012, the auto industry is looking forward to a fresh start. Financial institutions typically categorize their earnings by yearly profits, meaning the new year brings a clean slate. This reset could spell either positive or negative outcomes for consumers, depending on various factors.
The earthquake and tsunami that struck Japan in March 2011 had a significant financial impact on Japanese automakers and those with overseas plants in Japan, such as Toyota. These companies are expected to exercise caution with their funds this year to recover from the previous year's setbacks.
Despite the challenges, 2011 ended on a high note for the auto industry. Analysts estimate that the overall sales gain for 2011 will be a record increase since 2008. The market is showing signs of recovery, with 2012 sales expected to match pre-recession levels.
American automakers, particularly those based in Detroit like General Motors (GM), are experiencing significant sales increases. GM is well-positioned to reclaim the title of the world's largest volume automaker from Toyota. Analysts even predict that Toyota's volume may drop below fourth place.
One of the most notable trends for 2012 is the shift towards electric vehicles (EVs). While EVs and hybrids have been around for some time, they have not gained the traction industry experts anticipated. However, this year, more automakers are introducing new electric and hybrid models, leading many to believe that EVs will gain popularity.
Private companies are taking the initiative to support the transition to electric by building a national network of EV charging stations. This effort is bolstered by over $130 million in federal stimulus funds and grants from the Energy Department. The goal is to provide free chargers to EV buyers and set up public charging stations in accessible locations.
Despite the disasters, the auto industry only suffered minor setbacks in 2011. December sales were particularly strong, rivaling the spike caused by the 2009 Cash for Clunkers program. GM is optimistic about providing millions of Americans with new vehicles in 2012.
As we move through 2012, the auto industry is set for a year of recovery and innovation. With new vehicles and ideas on the horizon, consumers can look forward to exciting developments. The shift towards electric vehicles and the recovery of American automakers are just a few of the trends to watch this year.
This article provides a comprehensive overview of the auto industry's outlook for 2012, highlighting key trends and statistics. For more detailed information, refer to authoritative sources such as Statista and Grand View Research.
Cutting Off Access for Oral Bacteria May Be Key to Preventing Tooth Decay
The journal of Microbiology recently published a study containing results which suggest that we may now have the keys to preventing gum disease and tooth loss. The study says that if we can strip some oral bacteria from being able to access the other pathogenic oral bacteria then we may be able to use them to help prevent decay and loss.
New Oversight Means New Rules for Credit Collectors
Recently a major consumer finance watchdog released reports that the government has plans to regulate previously unregulated financial firms. Now these debt collectors and credit reporting agencies are preparing themselves for the worst.
Green Beer? Try Green Teeth
This Saint Patrick’s Day thousands of people across the U.S. will be going out to celebrate with lots of delicious green foods like green cakes, green cupcakes, green chocolate, green eggs and ham, and even the popular Saint Patty’s Day hit green beer. But all this green food has one thing in common: green food coloring. In small doses green food coloring can be a fun way to brighten up your food or play along for Saint Patrick’s Day, but after eating green food coloring all day a person’s teeth will quickly start to show that green dye.
