Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Business why auto shows are changing

The North American International Auto show begins today in Detroit with a noticeably smaller attendance. (Photo by Bill Pugliano/Getty Images)

By Hannah Bryan Leaders Staff

Hannah Bryan

Hannah Bryan

News Writer

Hannah Bryan is a news writer for Leaders Media. Most recently she was a reporter for the Sanilac County News...

Full bio


Learn about our editorial policy

Sep 14, 2022

Why Auto Shows Are Changing

After a three-year hiatus, the Detroit auto show has returned this week, though in a smaller format than previous years.

Key Details

  • Once one of the largest auto shows of the year, the North American International Auto Show has noticeably fewer participants this season as many auto retailers sat out this week’s event, reflecting the changing ways auto dealers connect with customers. 
  • Dealers bypassed the show in part due to declining general attendance and a preference to focus their marketing budgets on more successful material. 
  • Others aren’t looking for additional customers as they already struggle to keep enough inventory due to supply chain disruptions. 
  • Fifteen automakers have announced plans to attend the show, a drop from 24 attendees in 2019—the last time the show was held in Detroit. 
  • Chrysler, Jeep, and Ford Motor are among the companies planning new vehicle reveals. 

Why it’s news

The decline of the North American International Auto Show is another example of changing markets in the aftermath of Covid-19. Auto shows had already been in decline pre-pandemic, but changes in how prospective buyers shop may have slowed enthusiasm. 

Vehicle brands have shifted much of their marketing to social media and many buyers now use the internet to avoid visiting dealerships. Viewing a car in person before a purchase isn’t important to buyers as it once was. 

Companies have also found greater success either hosting their own events in person or holding virtual car shows. 

Some shows are changing their approach to bring in more audiences. Elon Musk has led the way with eye-catching shows and other companies are following his approach, reports The Wall Street Journal. 

The Detroit show does have a few tricks up its sleeve to make things more interesting. For instance, rather than stage reveals, the show will focus on experiences like test drives and demonstrations of air taxis.

President Joe Biden is also expected to attend the event and speak to attendees about his support for electric vehicles. 

The auto show will take place September 14-25.

Home / News / Why Auto Shows Are Changing
Share
FacebookTweetEmailLinkedIn

Related Stories

FTX Asks For Donations Back

by Savannah Young Leaders Staff
Cryptocurrency

3 hours ago

Former FTX CEO Sam Bankman-Fried was the Democrat Party’s second-largest donor and now the company is asking for donations back

Bankrupt crypto exchange FTX is sending requests, seeking the return of political donations.

Key Details

  • Former FTX CEO Sam Bankman-Fried and FTX Digital Markets Co-CEO Ryan Salame were major political donors during the last election. Now, the company is asking for the money back.
  • Bankman-Fried was the Democrat Party’s second-largest donor with $37 million in donations, while Salame was the Republican Party’s 10th-largest donor with around $19 million in donations.
  • FTX faced a very public bankruptcy filing and is now contacting "political figures, political action funds, and other recipients of contributions or other payments” to take back donations.

Go deeper

FacebookTweetEmailLinkedIn

Washington’s Crypto Crackdown

by Savannah Young Leaders Staff
Cryptocurrency

3 hours ago

After continued downfalls in the cryptocurrency sector, policymakers in Washington, D.C., have turned hostile on crypto, and many fear an oncoming crypto crackdown

After continued downfalls in the cryptocurrency sector, policymakers in Washington, D.C., have turned hostile on crypto, and many fear an oncoming crypto crackdown.

Key Details

  • Cryptocurrencies are very volatile, and between the major falls of different coins last summer and the downfall of FTX, policymakers have turned hostile on crypto.
  • The White House has been declining many different businesses associated with cryptocurrencies suggesting that a crypto crackdown could soon be on the way.
  • The crypto-friendly bank Custodia was denied its request to join the Federal Bank after the company believed it would be accepted. The Fed also warned banks that they will need permission to do anything crypto-related.

Go deeper

FacebookTweetEmailLinkedIn

More EVs Qualify For Credit

by Hannah Bryan Leaders Staff
Public Policy

3 hours ago

EV tax

More crossover SUVs will qualify for the electric vehicle (EV) tax credit after an announcement from the Biden administration.

Key Details

  • General Motors and Stellantis officials have been lobbying for changes to the EV tax credit issued last year. 
  • While the tax credit was intended to incentivize EV purchases, many popular EV models were excluded from the legislation. 
  • This change came about by redefining what vehicles are considered sport-utility. 
  • The Inflation Reduction Act initially provided a tax credit to SUVs priced above $80,000. Passenger-car customers did not receive a credit if the vehicle cost less than $55,0000. 
  • The change is retroactive to January 1, allowing buyers who already made a purchase to claim the credit.

Go deeper

FacebookTweetEmailLinkedIn
surveillance
Company Culture

4 hours ago

Employee Surveillance Hurts Employers

by Hannah Bryan Leaders Staff
Federal incentives are helping push people to buy electric vehicles (EVs) and boosting battery production in the U.S.
Business

5 hours ago

The U.S. Encourages EV Battery Production

by Savannah Young Leaders Staff
Wood
Markets

5 hours ago

More Predictions From Cathie Wood 

by Tyler Hummel Leaders Staff

Recent Articles

Entrepreneurs

12 hours ago

Here’s a Step by Step Guide on How to Start a Podcast

Eliminate confusion, create a podcast in 15 detailed steps

Wealth

Feb 3, 2023

The Most Landlord-Friendly States in 2023

Invest in landlord-friendly states to make more profits

Productivity

Feb 2, 2023

7 Tips to Stop Procrastinating and Eat the Frog for Enhanced Productivity

Get more done using this mental methodology

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com