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Hot Wire

EV/Hybrid Segment Thriving Despite Weakness in Automotive Industry

May 1, 2019

Although consumer spending increased in recent years, lifting activity in much of the retail sector, activity in the automotive industry has been relatively flat recently. US light vehicle retail sales during the 12-months through March totaled 17.1 million units, up just 0.1% from the same period one year ago. Longer-lasting vehicles and ride-sharing services such as Uber and Lyft are allowing consumers to delay or altogether forego purchasing new automobiles. While this may be good news for consumers, it is bad news for manufacturers. US total retail sales recently transitioned to slowing growth, which is an ominous sign for the already lackluster automotive industry.

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Cut-to-Length Heat Shrink Tubing Now Available from IEWC

May 22, 2019

In this tight labor market, every man-hour counts. Free up your workforce and get better quality cuts with cut-to-length tubing from IEWC!

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