Auto industry will continue to improve in next four to five years

While economic worries may have caused some consumers to hold on to older cars for longer, recent findings suggest the opposite is happening as Americans begin to buy new cars in greater numbers. Even though the average age of a vehicle on the road today is an all-time high of 11 years, General Motors CEO Dan Akerson said he predicts a move to replace older cars with new models. The industry will experience growth during the next four to five years, he said, as reported by Reuters. The forecasted demand increase could mean a stronger need for labor among U.S. auto manufacturers. 

In fact, recent AutoTrader research found most American consumers do not intend to  wait for the latest redesign to be released, and 79 percent said they were prefer to take advantage of a great deal on a current model instead. This may indicate consumers are ready to buy now, especially if it helps them save money.

Manufacturing opportunities
The auto industry has gained a strong foothold among consumers lately, according to Detroit Free Press. Finbar O'Neill, president of J.D. Power and Associates, predicted U.S. auto sales will grow to 15.3 million in 2013 unless there is an unexpected rise in gas prices or a national security issue. O'Neill said the auto industry has recovered so well that it is in better shape than it was in the early 2000s, which was the last time sales were higher than 16 million per year. The economy is improving, unemployment is dropping and the construction industry is beginning to recover, which will boost the sales of trucks, O'Neil added. The figures seem to suggest the auto industry will continue growing as the economy recovers, which means car makers will need more talent to meet increasing demand.

Many auto companies were forced to close dealerships during the recession, so now there are fewer dealers selling a higher volume of cars. Consumer confidence is on the rise and U.S. businesses are flourishing, according to Detroit Free Press. Meanwhile, China has become the world's largest auto market, meaning it could be an opportunity for U.S. exports, thereby increasing demand for labor even more.

If growth continues as predicted, there will be a great opportunity for U.S. auto companies to add jobs. Now that car manufacturers have surpassed bankruptcy and restructuring, sales are returning to pre-recession levels. When auto companies seek to add new jobs, they can count on the services of a manufacturing recruiter to match them find qualified workers. 

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