I’m at the ATI conference and a speaker was doing a deep dive into the US & Automotive industry economics and the projections into 2030.
TLDR: Automotive Industry will experience a consistently higher inflation rate compared to the national averages (~3%). Why? Increase in vehicle complexity, parts cost, labor shortage (estimate increase in 30% in average wage between today and 2030).
They say labor rates need to increase $11/hr to keep pace in 2026 with ~$8/hr increase every year through 2030 (based on their average models).
What levers are you pulling to keep ahead of inflation?
