Breaking News

Uncooked content costs soaring for automotive industry: BofA report

Popular inflation has led to the highest raw substance price tag per U.S. motor vehicle because 2011, a new Financial institution of The usa (BAC) World wide Investigation report discovered.

The report examines the current bout of US inflation and examines its repercussions for the automotive industry.

1 key takeaway from the report is that the value of raw products has risen sharply considering that mid-2020. “In the earlier yr, the raw product price in an typical U.S. car has been steadily mounting, expanding ~87% from a lower issue of about $2,200/unit in Apr ’20 to now roughly $4,125/device in

Read more