Is The Auto Industry In Trouble 2024. Automakers will have to work harder to sell vehicles in 2024 as many expect it will be the most normal year they've had since the pandemic. Market pressure yields shorter automotive development cycles.

Car market including weak prices, high inventories and difficult logistics dented profits and hit shares. As we stand on the cusp of 2024, the automotive industry is poised for a transformative journey, marked by pivotal trends that will shape the future of mobility.