Summary:
The car shopping experts at Edmunds say that the automotive industry faces yet another challenging year marked by inventory shortages amid strong consumer demand, forecasting that 15.2 million new cars will be sold in 2022. Edmunds analysts note that this would represent a 1.2% increase from their estimate of 15 million new vehicle sales in 2021.
Source - https://www.bodyshopbusiness.com/edmunds-forecasts-15-2-million-new-vehicles-will-be-sold-in-2022/
2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. AGENDA
• Canada – Automotive Sales
• USA – Automotive Sales
• Automation/Productivity
• Ford
• Electrical Vehicles
• Global Sales
• Auto Parts
• Summary
10. TOP 7 TRENDS FOR AUTOMOTIVE
Source - https://www.industryweek.com/leadership/media-gallery/21150611/back-to-
the-future-7-developments-shaping-automotive-in-2021-and-
beyond?oly_enc_id=7930I4506489J2B
1. A Biden Presidency
2. EV having a moment
3. Battery Battles Heating Up
4. New Ways of Working (Thanks, Pandemic)
5. Supply Chain Change-up
6. AVs Exiting the ‘Valley of Disillusionment
7. A Shift in Labor
11. FORD
MOTOR
COMPANY
• Ford continues to restructure its operations -
https://www.industryweek.com/leadership/articl
e/22027835/ford-will-close-six-european-
plants-as-part-of-global-downsizing or
https://www.industryweek.com/talent/article/22
027622/ford-slashing-7000-jobs-as-sweeping-
disruption-hits-automakers
13. TECHNOLOGY
• RPA / Logistics - https://www.mhlnews.com/technology-automation/article/22055044/how-robotics-
technology-is-modernizing-thirdparty-logistics
• Analytics / Automotive - https://www.mygreatlearning.com/blog/analytics-is-driving-the-automotive-industry-
from-good-to-great/
• IBM and Automotive - https://www.ibmbigdatahub.com/industry/automotive
• AI and Automotive - http://www.canadianautoworld.ca/industry-news/how-artificial-intelligence-is-
transforming-the-auto-manufacturing-sector
• Big data and IOT - https://www.financialexpress.com/brandwagon/how-big-data-and-iot-connection-has-
transformed-the-automotive-industry/2107977/
• Digital - https://digitalmarketinginstitute.com/blog/5-ways-digital-is-transforming-the-car-buying-experience
• Cloudpak - https://www.youtube.com/watch?v=ZxDVnBWX3Qw
• Supply chain management -
https://ibm.ent.box.com/file/648099650319?s=63aqf8jo004v2bo5f8cf6eppgglhbvs5
14. AUTO PARTS
• Automotive Parts - https://linchpinseo.com/trends-in-the-automotive-aftermarket-parts-industry/
• Canada wholesale trade - https://www.cbc.ca/news/business/wholesale-sales-covid-19-1.5653476
• Re-starting Automotive - https://www.prnewswire.com/news-releases/deloitte-restarting-the-stalled-
automotive-sector-301092622.html
• Warehousing and distribution - https://www.autoserviceworld.com/transportation-and-warehousing-sector-
down-23-1-in-april-statscan/
• eCommerce / Parts Management - https://www.businesswire.com/news/home/20200727005165/en/U.S.-
Auto-Parts-Network-CarParts.com
• New USMCA deal - https://www.industryweek.com/the-economy/article/22026500/how-will-the-shift-from-
nafta-to-usmca-affect-the-auto-industry
• Unifor / Automotive - https://canada.autonews.com/labour/unifor-select-detroit-3-bargaining-target-sept-8
15. EV BATTERY
PRODUCTION
Source – Moody's
Here is my work on clean
material -
https://www2.slideshare.net/paulyou
ngcga/clean-technology-what-is-
next-for-raw-materials
or
16. BLOG – AUTOMATION
Blog - Manufacturing Automation: Connected manufacturing: Realizing your ROI on data -
https://www.linkedin.com/posts/paul-young-055632b_manufacturing-automation-connected-manufacturing-activity-
6818842790190030849-BByT
Thanks to wide deployment of IoT sensors, many manufacturers are sitting on mountains of collected data. Capitalizing
on their investments will come not from mega-projects, but from incremental initiatives. Source -
https://www.canadianmanufacturing.com/features/manufacturing-automation-connected-manufacturing-realizing-
your-roi-on-data/
This ties nicely to my work on automation and machine learning -
https://www.slideshare.net/paulyoungcga/automation-robots-and-machine-learning
17. CLIMATE CHANGE AND AUTOMOTIVE
General Motors announced July 2 it would move to source lithium for its electric-vehicle batteries from a U.S.-based startup. The automaker
made a multi-million-dollar investment in Controlled Thermal Resources, Ltd., a California-based startup, to help fund a lithium plant in
Southern California.
https://www.industryweek.com/technology-and-iiot/article/21168845/gm-to-source-lithium-for-ev-batteries-from-usbased-
startup?utm_source=IY+IW+Daily+Headlines+-
+Morning&utm_medium=email&utm_campaign=CPS210702079&o_eid=7930I4506489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506489
J2B&oly_enc_id=7930I4506489J2B
Here is my work on eVehicles – https://www.slideshare.net/paulyoungcga/electrical-vehicles-and-plugin-stations-adoption
Blog – Heat Wave and Plug-In Stations
How so? As the heatwave continues to build, the California ISO has asked residents to relieve pressure on the electric grid, in part by charging
EVs at off peak times. This comes at a time when an aggressive move is underway to build a robust EV industry is well underway, including the
2035 target date to end sale of gas vehicles in California, events straining the utility grid could lead to limited mobility and high costs to
charge. While this instance will be short lived, other events will transpire in the future, putting similar strains on the critical infrastructure.
https://www.industryweek.com/technology-and-iiot/article/21168237/ev-dilemma-heating-up?utm_source=IY+IW+Daily+Headlines+-
+Morning&utm_medium=email&utm_campaign=CPS210627022&o_eid=7930I4506489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506
489J2B&oly_enc_id=7930I4506489J2B
There are issues with grid as part of supporting the plug-in stations for eVehicles
https://www.slideshare.net/paulyoungcga/electrical-vehicles-and-plugin-stations-adoption
18. SUMMARY
• Consumer spending drives the economy. There are issues with household debt -
https://www.slideshare.net/paulyoungcga/debt-and-insolvency-global-crisis
• More and more focus on electrical vehicles -
https://www.slideshare.net/paulyoungcga/ev-electrical-vehicles-all-you-need-to-know
or https://www.fool.com/investing/2020/09/28/ford-reveals-plans-to-build-electric-
vehicles-in-c/
• Canada needs to refocus policies to ensure it is competitive for manufacturing -
https://www.slideshare.net/paulyoungcga/how-best-to-reshore-supply-chains
• Post-COVID/Global Economy - https://www.slideshare.net/paulyoungcga/what-is-next-
for-the-global-economy-september-2020 or
https://www2.slideshare.net/paulyoungcga/global-economy-outlook-december-2020
Blog – What is next for the Automotive Sector – April 2022
Globa l Automotive
Sa les - Apr il 2022.pdf
CAna da Automotive
Sa les .pdf
Globa l Plug-In
E lectr ic Ca r Sa les Incr ea s ed 60% In Ma r ch 2022.pdf
Ca na da ga s pr ices
E xper ts pr edict no immedia te r elief CTV News .pdf
Lithium Pr ice Sur ge
Lea ves Ca r Ma ker s Compa r ing LFP with NCM.pdf
USA E nel to optimis e
E V cha r ging s ite s election for expa ns ion.pdf
How a cces s ible a r e
E V cha r ging s ta tions a cr os s Ca na da CBC News - News WWC.pdf
U.S. hybr id electr ic
car s a les hit r ecor d highs - Tip Sa le Tips .pdf
Ga s oline, Dies el, Jet
Fuel Refining Ca pa city Is Too Low in the US to Meet Dema nd - Bloomber g.pdf
Va ncouver ga s pr ices
B.C.'s pr emier s a ys ther e a r e no quick fixes .pdf
K ia Second Only to
Tes la in U.S. E V Sa les in 2022 Tor que News .pdf
E lectr ic car s will gr ow
by 41.30% by 2026, which will incr ea s e the dema nd for lithium - Jour na lTime.pdf
Fuel ta xes pa y for
highwa ys . E V dr iver s s houldn't get a s ubs idized r ide CBC News .pdf
Over a ll U.S Auto
Indus tr y Sa les Figur es GCBC.pdf
E dmunds For ecas ts
15.2 Million New Vehicles Will Be Sold in 2022.pdf
Summary:
The car shopping experts at Edmunds say that the automotive industry faces yet another challenging
year marked by inventory shortages amid strong consumer demand, forecasting that 15.2 million new
cars will be sold in 2022. Edmunds analysts note that this would represent a 1.2% increase from their
estimate of 15 million new vehicle sales in 2021.
Source - https://www.bodyshopbusiness.com/edmunds-forecasts-15-2-million-new-vehicles-will-be-
sold-in-2022/
1. Gasoline prices - https://www.ctvnews.ca/business/gas-prices-continue-to-soar-for-weekend-
drivers-experts-predict-no-immediate-relief-1.5903493
2. Lithium - https://www.saurenergy.com/solar-energy-news/lithium-price-surge-leaves-car-
makers-comparing-lfp-with-ncm-batteries
3. Plug-in stations / capacity - https://www.petrolplaza.com/news/29955 and
https://www.newswwc.com/world/canada/how-accessible-are-ev-charging-stations-across-
canada-cbc-news/
4. Hybrid - https://tipsaletips.com/u-s-hybrid-electric-car-sales-hit-record-highs/
5. Fuel transition - https://www.cbc.ca/news/canada/nova-scotia/gas-prices-oil-company-profits-
soar-jim-stanford-economist-1.6452784
6. Gasoline production - https://www.bloomberg.com/news/articles/2022-05-13/gasoline-diesel-
jet-fuel-refining-capacity-is-too-low-in-the-us-to-meet-demand
7. Gas taxes - https://vancouver.citynews.ca/2022/05/13/gas-prices-bc-premier/
8. Capacity - https://www.torquenews.com/16317/kia-second-only-tesla-us-ev-sales-2022
9. Costs - https://journaltime.org/finance/etf/global-x-lithium-battery-tech/electric-cars-will-grow-
by-41-30-by-2026-which-will-increase-the-demand-for-lithium/
19. TRAINING AND DEVELOPMENT
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel
free to review my material
on
https://www.udemy.com/
(search Paul Young CPA
CGA)
• These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies
Notas del editor
Source - https://tradingeconomics.com/canada/car-registrations or https://www.goodcarbadcar.net/2020-canada-auto-sales-figures-by-manufacturer/
Source –BNS
Source –BNS and https://www.goodcarbadcar.net/2022-us-vehicle-sales-figures-by-brand/ and https://www.goodcarbadcar.net/usa-auto-industry-total-sales-figures/
Source –BNS and https://www.goodcarbadcar.net/2022-us-vehicle-sales-figures-by-brand/ and https://www.goodcarbadcar.net/usa-auto-industry-total-sales-figures/