Why Analysts Say The Auto Industry Is Heading For Demographic Cliff
The auto industry is staring at a 'perfect storm' of slowing population growth, longer lasting cars, high prices, and new technology. These factors stand to
The auto industry is staring at a 'perfect storm' of slowing population growth, longer lasting cars, high prices, and new technology. These factors stand to put significant downward pressure on new car sales by 2040, according to analysts at Bain & Co.. The landscape could be far more competitive and prone to consolidation. Chapters 00:00 Introduction 00:46 Chapter 1: The reasons why 03:22 Chapter 2: Uncertainty 04:56 Chapter 3: Competitive U.S. Reporter: Robert Ferris Produced, shot, and edited by: Darren Geeter Additional editing by: Carlos Waters Animations: Jason Reginato, Emily Park Senior Managing Producer: Tala Hadavi Additional footage: Getty Images Additional sources: Bain & Company, AutoForecast Solutions » Subscribe to CNBC » Subscribe to CNBC TV About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered.
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