INDUSTRY
AUTOMOTIVE
The US boasts a road network of over 4 million miles, with over 75% of the US population with access to a vehicle. This results in an almost $2T industry revenue number including new & used vehicles, parts, and services. The US Automotive industry is expected to grow at a CAGR of 10%-12%, hitting over 15 million units. Automotive manufacturers are working through the issue of car shortages brought upon the industry via the pandemic of the 2020-2022 time period. The industry continues to be challenged by such items as:
- Supply chain issues
- Growth in EV
- Inflation and interest rate headwinds
- Imports
Automotive customers can achieve a sustainable automotive ecosystem that delivers connected, electrified vehicles and services through rapid, continuous innovation. Oracle Fusion Cloud Applications can help you drive digital transformation and growth with mobility services that transform the customer experience while attracting—and retaining—top talent to take your business further, faster.
INDUSTRY
AUTOMOTIVE
The US boasts a road network of over 4 million miles, with over 75% of the US population with access to a vehicle. This results in an almost $2T industry revenue number including new & used vehicles, parts, and services. The US Automotive industry is expected to grow at a CAGR of 10%-12%, hitting over 15 million units. Automotive manufacturers are working through the issue of car shortages brought upon the industry via the pandemic of the 2020-2022 time period. The industry continues to be challenged by such items as:
- Supply chain issues
- Growth in EV
- Inflation and interest rate headwinds
- Imports
Automotive customers can achieve a sustainable automotive ecosystem that delivers connected, electrified vehicles and services through rapid, continuous innovation. Oracle Fusion Cloud Applications can help you drive digital transformation and growth with mobility services that transform the customer experience while attracting—and retaining—top talent to take your business further, faster.
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