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Jeff Schuster at LMC Automotive: Automotive Market Outlook Update

August 4, 2021

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Episode Description

Automotive Insiders is presented by OESA, the Original Equipment Suppliers Association. Industry experts discuss Automotive hot topics to keep the Automotive Supplier Community up to date on the fast-changing mobility landscape. From post-pandemic manufacturing restart planning and worker safety measures, to legal issues and supply chain disruptions, Automotive Insiders is your source of timely and relevant content. Host Bonnie D. Graham welcomes back Jeff Schuster, President, Americas Operations and Global Vehicle Forecasts at LMC Automotive. Jeff revisits and updates his May 2025 assessment of the automotive market environment, electrification and other trends, and outlook for the US and global automotive industries. In May, Jeff expected LV sales to improve by 13% to 88 million units in 2021. He has since downscaled that figure to 11% growth and 86.7 million units this year, due to ongoing recovery disruptions and risks. From his earlier projection that BEVs would expand from 1.5% of sales in 2020 to 6% by 2024, Jeff now expects that figure to reach nearly 10% by 2024. He continues to see increased workplace flexibility and new technology coming into vehicles attracting workforce talent that hadn’t previously considered automotive. Listen on-demand to hear more of Jeff Schuster's astute insights. More info:

Automotive Insiders Presented By OESA

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The automotive industry is evolving at rapid-fire speed. Innovations in autonomous driving, V2V connectivy, ride-sharing, evolving workforce demand, electrification, and trade and tariff implications, are changing vehicle design, manufacturing operations and challenging traditional automotive business models.

Join OESA as it welcomes automotive industry thought leaders to discuss these and many other automotive insights. Tune in for the latest in supplier industry news and learn how some companies are thriving in the new mobility landscape on Automotive Insiders, presented by OESA.

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