OUR THOUGHTS ON:

What Will 2014 Bring?

Automobile

By Steven Barber

The excitement of a new year comes on all levels.  We make New Year’s resolutions, wonder about the changes that are coming, and sometimes hope the best of the previous year carries into the next.  On the other side, maybe some are just happy to see the previous year gone and look forward to a fresh start.

Sales in the auto industry were back to pre-recession levels in 2013 due in part to the rise of consumer confidence.  Will 2014 be even better?  Did you ever think that we would be talking about 17 million units in sales again?

The changes in market share are always something interesting to follow.  New and redesigned models usually help, but they can sometimes hurt.  Per consumer reports, the winner of the redesigned model of the year appears to be the new Chevrolet Impala.  What will it be next year?

Some of us remember the days when the question was asked as you pulled into a gas station: “Regular or Unleaded?”  Is this the year we start hearing, “Unleaded, Compressed Natural Gas or Electric?” Or will it be hydrogen?  Are hybrids going to be the “norm?”  As we move forward into the 21st Century, we will continue to see alternative energy concepts enter the market.  We all want to know the impact it will have on the industry.  Will Tesla succeed?  Will the “supercharge” work at a fill-up station?

As we move forward in 2014, only time will answer these questions.  As the Schneider Down’s Auto Advisors, we wish the best for our clients and hope for the best in 2014 and beyond.  We are anxious for the close of the year and look forward to seeing our clients onsite over the next few weeks or months.

© 2014 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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