Predicting the future is no easy task. No one can guess the future of the auto industry because of the uncertainty in many ways.
Trade volatility between the United States and China, the new North American trade agreement (pending ratification) and new tariffs have all brought greater uncertainty than usual to the global landscape. Even after 2018, U.S. light vehicle sales rebounded for the fourth year on record, with most expecting a decline in 2019.
Add it up, like the experts at the automotive plastic rubber conference, and the result is clear: it's hard to say what's going on in 2019.
Chris Quill (Chris Kuehl), managing director of Invincible Business Intelligence, is more optimistic, largely because the U.S. economy is now the world's largest and enviable. F International companies
"We are a consumer-oriented economy, and we have always been," Kuehl said at his January 15 launch in Novi. "this is one of the things that really affects what we do around the world, and it's one of the things we do. F We have the cause of the trade deficit. We like to buy things, we are very interested in buying things cheap and easy. That's one of the reasons countries like China and other countries want to do that. In our market, it gives us some leverage. "
How many chips? Every state in the United States corresponds to another country, Cole said. California's GDP is the same as France's. Canada's GDP matches Texas with the Czech Republic, Michigan pairs with Poland and Minnesota with Norway, to name a few.
"We have a GDP, of nearly $20 trillion," he said. "No country in the world can compare with us. China is about half the size of our territory. If you take the other four of the top five economies, you're all right for the United States. When you talk about unemployment, growth or inflation, you have to break it down almost quickly across the country. Each state of the Union supports a country when it comes to gross domestic product. "