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Forecasting & Planning
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Automotive
Forecasting & Planning
Sales Performance & Marketing
Vehicle In Use
Automotive
Over the last few years, the world had become accustomed and perhaps too comfortable with $100 per barrel oil. Today, however, the price of oil is recalibrating to the new realities of supply and demand brought about by the surge in production and weaker growth in the world economy. What does the price collapse and subsequent rebalancing mean for the auto industry whose products constitute the single biggest market for oil products?
Impacted Factor | High Oil Price | Low Oil Price |
---|---|---|
CO2/fuel consumption compliance | In line with market demand | Contrary to market demand |
Preferred vehicles | Smaller | Larger |
Energy-based inputs | Higher in cost | Lower in cost |
Alternative fuel economics | Potentially attractive | Relatively unattractive |
Read our white paper Globally Low Oil Price, Regionally Different Auto Industry Impacts.
Phil Gott, Senior Director, Long-range Planning, IHS Automotive
Posted 10 February 2015