For my informational interview, I talked to Jack Taylors from Toyota of Bowie. I called him on a monday and he was happy to discuss the automotive industry. He gave me a lot of information and lengthy answers but I chose these three bullets as my take aways:
- One really interesting trend is the number of vehicles originally sold in Canada that exist in the U.S. market. More than 2.5 million “Canadian Only” vehicles now reside in the U.S.; and not just in states bordering Canada, but all across the country.
- While new vehicles are the focus for parts manufacturers and retailers, there’s still a strong market for older cars. There are more than 1.1 million registered vehicles from model years 1967 to 1973 on the road in the U.S. today.
- The “green” trend is increasing it’s impact on the automotive industry. Though hybrid vehicles and alternative fueled vehicles are still a small part of the automotive industry, this segment is seeing some growth and will no doubt continue to carve out a firm niche in the market.
I learned valuable lessons and information from conducting this interview and I was extremely surprised how people are great resources.
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