Kevin Sheehan acknowledges the worldwide car industry is creating with expanding interest for new vehicles. Car parts are either Unique Gear or secondary selling parts. From last few years, there was fluctuation in the growth of the automotive industry. U.S., European and Asian markets are contributing to a large extent in the development of an automotive industry. Due to globalization, the pressure on manufacturers, suppliers, and the dependent businesses has increased. It’s a tough challenge for the automobile industry to cope with ever-changing trends in the industry.
Customers and manufacturers are becoming more quality conscious. Market research reports determined new methods adopted by manufacturers for improving quality and productivity with the assistance of computer design, production, and testing. Total Quality Management, Six-sigma, 5 S, Kaizen, just-in-time etc. Use of these techniques has increased the durability of parts, which results in less need for repairs. Globalization has increased the competition in the market, which increased cost pressures on producers. Many producers had cut-off prices by using advanced techniques of productions and offered quality products at low price to the customers.
The national focus on volatility and the environmental movement have increased the pressure on automakers to opt for alternative energy resources like biofuels, hydrogen, etc. During the recession phase, automotive industry had suffered a lot. The production and sales decreased with shift in trends. The number of automobile manufacturers is increasing every year. In the present scenario, the rates of Internet savvy and techno-savvy customers have increased. Some growing trends are a shift in demand from large vehicles to small vehicles and from high-consumption vehicles to fuel-efficient cars. Kevin Sheehan has worked in developing new cars that are eco-friendly and safer for customers.
New technologies were introduced in the industry like diesel hybrids, clean diesel, and hybrids, manufacturers became more customer-centric. The challenges of automotive industry increased with the emergence of globalization, new technology, change in customer demands and economic uncertainties. To overcome these challenges companies started investing more in research and development of existing technology. This was done to modify engines and producing more fuel-efficient vehicles and machines so that customers can save the cost of spending on fuel as well as increase the sales, profitability, and market share. Fuel-efficient vehicles like power and battery vehicles came into existence with innovations in technology. Manufacturers adopted production techniques like mass production, lean production, and craft production to get benefits if economies of cost and reduce the cost of production per unit Businesses have been making continuous changes in their production methods and technology in order to serve customer needs, meet customer expectations, improve productivity, increase sales, increase market share and in all to sustain in the market.