11615 County Road 108, Oxford, FL 34484 • Just west of Wal-Mart in The Villages® community on CR 466

(352) 748-9004

The future of the auto industry and Covid-19.

The future of the auto industry and Covid-19.

The coronavirus brought the entire planet to an abrupt halt and profoundly impacted many industries across the globe. The automotive industry is no exception, and what happened this year in 2020 can have lasting implications for many years to come. 

The Covid-19 virus started in China and quickly spread like wildfire across the globe. Many companies were forced to shut down production or cut back to skeleton crews to curtail the virus's spread. The US alone has lost over 120,000 American lives and counting even though they closed schools and cut down on the number of people in workplaces. Unemployment has skyrocketed to unprecedented heights while Americans still struggle to make ends meet. 

What does all of this mean for the auto manufacturing industry? China was the first place hit within the virus and was forced to shut down entire factories to keep workers and their families safe. Other factories around the globe followed suit. Soon there was a shortage of car parts needed to keep the assembly lines moving forward. Restrictions and closing are just now lifting and have restarted many factories around the world. 

Another factor in the automotive industry is human behavior and buying patterns. During the last three months of the shutdowns due to Covid-19, fewer consumers than ever are purchasing new vehicles. With economic uncertainty and fear of loss of income, many families are putting off buying a new car until they have better financial stability. Fewer people are buying cars because of shutdowns, fewer new vehicles produced, and the crazy economy. This means there will be less brand new vehicles but a massive surplus of "new old stock." 

The automotive industry has taken a hit just like other industries right now. Even though fewer new cars are being produced, car buyers will find incredible deals and opportunities on current inventory sitting on car lots across the country. With gas prices being the lowest we've seen in decades, consumers may take this opportunity to make a smart purchase on a vehicle. Experts believe the automotive industry may go through some significant changes but come out just fine on the other end. 

Return to Blog

Vehicle Safety Information

Get up-to-date vehicle and car seat safety information

Vehicle Recalls

Please select the year, make and model of your vehicle and Accurso Auto Repair will search the National Highway Traffic Safety Administration (NHTSA) for any active recalls on your vehicle.

Child Safety Seat Inspection Stations

Make sure your child safety seat(s) are installed correctly at one of the thousands of nationwide child safety seat inspection stations, certified by the National Highway Traffic Safety Administration (NHTSA).

or:

The future of the auto industry and Covid-19.

The future of the auto industry and Covid-19.

The coronavirus brought the entire planet to an abrupt halt and profoundly impacted many industries across the globe. The automotive industry is no exception, and what happened this year in 2020 can have lasting implications for many years to come. 

Finish reading The future of the auto industry and Covid-19....

Estimated reading time: 1 minute, 47 seconds

Sanitizing your vehicle during the age of Covid-19.

Sanitizing your vehicle during the age of Covid-19.

The world is very different now than it was just a few months ago. With a global pandemic in the midst, every outing needs to be carefully planned with proper precautions. We know we need mask and hand sanitizer and to wash our hands frequently, but cannot forget to make sure we sanitize our vehicle every we time we drive.

Finish reading Sanitizing your vehicle during the age of Covid-19. ...

Estimated reading time: 1 minute, 36 seconds

Protecting your car during the hot Florida Summer.

Protecting your car during the hot Florida Summer.

Summer is practically here, which means there's going to be a lot of heat! The hot Florida sun can sometimes become overwhelming, and when it does, it has adverse effects. One thing you'll need to protect from the hot Florida sun is your car. Here are some tips to keeping it cool and safe during the Florida summers!

Finish reading Protecting your car during the hot Florida Summer. ...

Estimated reading time: 1 minute, 41 seconds