Economic Forecasts Grant You Financial Confidence for the Future
If you haven’t already, take some time to check out the Automotive Intelligence Summit Agenda here!
The Automotive Intelligence Summit focuses on the future of the automotive sphere through eight different lenses we call the AIS Core Topics: Connected Mobility, Fintech Solutions, Transportation Research, Economic Forecasts, Predictive Analytics, Mergers & Acquisitions, Compliance & Regulations and Investment Capital. In today’s blog post, we’re highlighting the topic of Economic Forecasts.
Piggybacking on last week’s post on Predictive Analytics, the world of economic forecasts will be much more viable as financial technology and analytic systems continue to advance by leaps and bounds and become more and more sophisticated. The improving accuracy of economic forecasts will impact confidence in auto finance and other AIS core topics, as well as consumer confidence. Whether it’s inspecting the supply of and demand for electric vehicles in the coming years or the swings of Wall Street and their effects on investment capital, predictions for money markets across the country, continent and world will help determine the future of automotive and auto finance itself.
Here are two sessions that will serve as excellent Economic Forecasts…
Consumer demand and its interaction with supply conditions, economic factors and the resulting sales and price fluctuations is a mind-boggling challenge to keep up with, let alone predict. Thankfully, we have brilliant people like Jonathan Smoke, chief economist of Cox Automotive, to help us in these endeavors. In his presentation, “The Never-Ending Quest for Intelligence in Automotive,” Jonathan will share insights from his 20-plus-year quest to understand the interconnection of the auto industry and will chart where we are in the cycles impacting sales and prices. Smoke will provide a framework for analyzing consumer demand and how credit trends vary and impact personal economics. The big takeaway: Focus on consumers, the source of real demand, and what matters most to them. You can catch him on Tuesday, July 24 at 1:30 p.m. or Thursday, July 26 at 9:15 a.m.
In his keynote address, “Automotive Industry Outlook: Navigating the Waters with an Eye on the Horizon,” IHS Markit Executive Director of Automotive Analysis Mike Wall will provide a high-level economic review and outlook for global sales, along with a deeper-dive discussion of IHS Markit’s light-vehicle US sales outlook and an overview of powertrain, technology and mobility trends. While the circumstances surrounding his forecast between now and late July could change, of course, Wall contends the outlook for the auto industry remains generally positive. Look forward to Mike telling you why. You can’t miss his session on Wednesday, July 25 at 1:30 p.m., after the mid-summit Lunch & Learn.
Do you have any questions about auto’s financial future? Ask them in the comments below! That’s what we’re about with AIS… For all your questions, all the right answers.
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