Monday, December 6, 2021
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age of vehicles

Average vehicle age blows past 12 years due to pandemic

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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 data, the current average age of vehicles in the country now stands at 12.1 years, almost two months older than in early 2020. The cause of the average age increase, of […]
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unemployment

4.8M Americans Back to Work in June – What It...

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The Employment Situation report released by the Bureau of Labor Statistics from July 2nd spells out a significant increase in employment for June 2020. The news release states that the “total nonfarm payroll employment rose by 4.8 million in June” as the United States continues its COVID-19 pandemic recovery. The correlating unemployment rate also dropped […]
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USMCA

What Effect the USMCA Will Have on the Automotive Sector

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The United States has ratified the United States-Mexico-Canada Agreement on April 24th and has notified its trade partners in the agreement. That makes way for the USMCA to go into effect on July 1st, 2020, according to U.S. Trade Representative Robert Lighthizer. It comes at a crucial time for the American economy. Virtually all industries […]
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