Is The Automotive Industry In Strong Growth Cycle
Is The Automotive Industry In Strong Growth Cycle
Is Impressive Automotive Industry Growth Compared To 2019 Sustainable?
Yes it is if there is a new car scrappage scheme and people have access to cheap money. Cheap money in the market is going to be around until the UK and global economy recovers.
Many people have oodles of cash piled high in banks they could spend on new stuff. If the UK and world governments introduce new car scrappage schemes they could help save the environment whilst providing a massive incentive for people to switch cars. The supply chain to the car industry would be supported as would the services sector supporting the car industry.