car industry Tag

Auto Industry Trends
Are you in the market for a new car in 2016 and wonder what to look out for? Even if you are just an interested part about how the auto industry will fare in 2016 knowing that the experts are predicting a slew of challenges, changes and issues can help you with important decisions. Below are the trends expected to make an impact on the industry this year. Technology & Safety If you thought your vehicle was laden with gadgets before, the development of the Internet of Things and furtherRead More

Posted On February 18, 2014By adminIn Comment and fun

Overconfidence is dangerous

Basic economics is all about the law of supply and demand. When there’s a stable balance, manufacturers plan their supply to meet the demand. Costs can be controlled, prices set, and profits collected. But if the market lacks balance, the chance of serious losses increases. So, for example, if demand unexpectedly collapses for some reason, the manufacturers produce the same number of units and find they cannot sell them. It’s not possible to turn supply on and off like water coming out of the faucet, so there may be seriousRead More