Trends in the Automotive Industry and How They Affect Fastener Suppliers

Reprint from Fastener World Magazine, Vol. 165

Perhaps with the exception of the consumer electronics industry, no other high profile industry seems to embody and embrace change as much as the automotive industry. In fact, new car buyers have come to rely on the fact that the new model year will bring exciting new changes and innovations. And although it may take several years to launch a specific new model into the market, the automotive OEMS stagger releases in such a way that they are consistently releasing new models and complete model refreshers every year. As such, suppliers to automotive OEMs and their vast Tier network must be always vigilant and striving to keep up-to-date with industry advancements.

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