Ernst & Young Global Automotive Center - Ernst & Young - Global

While the media attention continues to focus on dismal sales levels of new vehicles, the current situation paints a rather upbeat outlook for one segment of the automotive industry: the automotive aftermarket business. The Motor and Equipment Manufacturers Association (MEMA) estimates there will be an increase in the need for routine maintenance and vehicle customizations, thus potential revenue growth for aftermarket supplier executives (pdf, 231kb). Learn more.

Among the relatively buoyant economies of Southeast Asia, Thailand has established itself as a global automotive manufacturing hub (pdf, 2.1mb). Even with a questionable industry outlook, many global leaders, including (but not limited to) Ford, General Motors and Toyota, have begun implementing far-reaching production expansion strategies in this market. For companies considering entry or expanding business activity in Thailand, this overview will offer plenty of insights.

The growing complexity of compliance and the struggle to agree on  a single set of globally accepted accounting standards (pdf, 838kb) is increasingly relevant for multinational automotive companies. Learn about the requirements of IFRS and see our comparison charts on key issues including, revenue recognition, research and development costs, tooling, restructuring costs and onerous contracts for both vehicle manufacturers and suppliers in the automotive industry.

This global study explores how automotive organizations from both developed and emerging markets manage risk (pdf, 2.6M) as they invest and operate in new emerging regions. Gain insights from senior automotive executives and examine which risk management techniques companies deem most effective and why.

Today’s global automotive industry is undergoing dramatic growth coupled with significant change. As automotive companies around the globe expand, it will become increasingly important for them to address customs risks with a consistent organizational approach. This in turn will position them for financial benefits and operational opportunities. Find out which industry mega trends (pdf, 2.9mb) are likely to transform the way you do business going forward.

Globally, the industry shows significant growth. We believe the mega trends driving change in the industry (pdf, 382kb) are key markets, consolidation and restructuring, operating profit issues, compliance and risk, emerging markets, retaining employee knowledge and competency, and the impact of climate change on product strategy. Read more about these trends.

In our collection of Global Automotive Center Viewpoints, we offer practical guidance and up-to-date knowledge on pertinent issues affecting the automotive industry, such as mergers and acquisitions, risk management in emerging markets, financial performance management and technology risk. Discover which trends are affecting various automotive markets and see what our executives have to say about the industry’s challenges and opportunities.

As automotive consumption continues to grow and developing markets increase their pace of motorization, climate change and a wide array of other significant challenges have the potential to dramatically alter the automotive industry in coming years. Find out how climate change activities are impacting the global automotive industry (pdf, 2.4M) at every point along the industry value stream.