Markets in Focus | General  |  Q4 2023

The global business landscape has undergone significant transformations in the wake of the COVID-19 pandemic. Supply chain disruptions, a direct consequence of the pandemic, have fueled a rapid two-year surge in U.S. inflation. This surge, in turn, has elevated input costs for goods production and heightened public expectations of future price increases.

Within the auto industry, persistent challenges stem from uncertain weather events and evolving mandates related to electric vehicles (EVs), creating ongoing hurdles for the sector.¹

Concurrently, international conflicts and threats have intensified in various regions, posing sustained concerns.

Sources
1 Saric, D. (2023, November 22). Auto dealership market – what insurance brokers need to know. Insurance Business. https://www.insurancebusinessmag.com/us/news/auto-motor/auto-dealership-market–what-insurance-brokers-need-to-know-467574.aspx