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parts suppliers

Soaring commodity costs signal price increases for vehicle parts

Over the past two years, commodity costs have spiked between 200 and 300%, and parts suppliers are feeling the heat. Bosch announced during their...
accounts payable

How the automotive industry can improve agility, scalability, and efficiency by...

The automotive sector has been hard-hit by the COVID-19 pandemic. Not only were OEM supply chains adversely impacted by the virus and the loss...
age of vehicles

Average vehicle age blows past 12 years due to pandemic

In the past year, the average age of vehicles in operation in the United States has crossed the 12-year threshold. According to IHS Markit...