The automotive industry is on a long march toward a future which, will no doubt, look and operate much differently than what we experience today.

In this article we discuss how many companies, both large and small, are missing out on critical insights that can be used to drive operational decision making and result in greater profitability.

This time last year the automotive industry was only cautiously optimistic. The last stimulus payment was to be made March 15 and enhanced unemployment benefits were scheduled to cease in September, so there was concern that sales might decelerate in the second half of the year.

As the cost of bankruptcy continues to increase, in particular due to fees and expenses associated with administering bankruptcy cases, secured lenders are increasingly turning to foreclosures under Article 9 of the Uniform Commercial Code (UCC) as a preferred vehicle for disposing of their collateral.

Hobbled by a global pandemic, the U.S. light vehicle market only managed to sell 14.6 million vehicles in 2020. Sales tumbled quickly with the onset of stay at home orders, slumping to a 50-year low before staging a steady recovery.