Automation in the automotive industry

by | Aug 20, 2018 | Blog | 0 comments

At , we work with several clients in the automotive field, from classic restorations to rebuilding transmissions, this part of the economy has been stable for a while. One trend that we have seen while these automotive clients have grown over the past 10 years is the gradual move toward specialization, whether the focus is on one brand or a particular type of service (alignments); most of our automotive clients have moved beyond general repairs and oil changes.

The last few years have produced some sophisticated technology that often comes standard in many new vehicles and the American consumer (you and me) have been acquiring these new vehicles at a relatively high turnover rate. However, the latest vehicle sales reports have been showing a sharp decline in popular models and the demand for consumer auto financing has slowed as well. To the general observer, this appears that some of us are waiting for the self-driving revolution or keeping our older vehicles longer. In anticipation of this revolution, Ford announced that it will effectively stop selling and will be focusing on its SUV and truck lines and Volvo announced that its entire line of vehicles will be electric in the near future. A survey released in May by the American Automobile Association found that 20 percent of Americans said an EV would be the next they buy. That’s up 5 percent from 2017.

With all of the signs pointing to these changes on the horizon, the timing of when we can expect this new technology to be widely available is still unknown. Generic polls appear to show that the American public anticipates self-driving and fully autonomous during the next five years and we have the news reports of Google and other companys’ progress on making a self-driving car ready for the public. As with many changes, there is an opportunity to develop new lines of business or the early adoption of new technologies to stay relevant in our ever-changing economy. At we have few ideas as to get ahead of the curve and specialize your auto-related business for the next wave of automotive technology changes. In the meantime, we encourage you to check out “The Rise of the Robots: Technology and the Threat of a Jobless Future” by Martin Ford, for some insights as to the direction and potential of auto technology. Keep in mind that this book was published in 2015! Contact us for a discussion on the future of and how your business can play a part in that future.


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Tina Simmons
Tina Simmons
13:38 17 May 19
This team is dedicated to their clients and committed to understanding your business and sharing their knowledge to help you succeed. I love working with these folks, they take the worry and uncertainty out of and taxes!read more
Bravo4 Autowerks
Bravo4 Autowerks
12:55 08 May 19
Gary and his team have been fantastic for me and my business. They respond well to all my questions, are very helpful and of course keep my financials in order. Highly more
Queen City Newborn Care
Queen City Newborn Care
15:57 02 Apr 19
I was drowning before I met Justin. He totally transformed how I run my small business and has gotten me organized in ways I didn't even know were possible. I am so grateful for his advice and suggestions! This company is worth every more
Dennis Bloomberg
Dennis Bloomberg
16:01 26 Mar 19
Unfortunately, I found GMP when my mother passed. She had a trust set up and I had no experience with one. I received excellent advice prior to filing taxes, that allow for the transfer of assets with little tax implication. The tax process was simple for me, Justin took over once he had details and cleared up all question from filing our taxes. Thank you for a job well done!read more
Natalie Knight
Natalie Knight
15:35 21 Nov 18
is up to date on technology. They handcraft a platform that works best for your company's services. We really appreciate how hands on and quick their team is when replaying to any type of correspondence. Simply put, they care and want your company to more
Ashlyn Lelej
Ashlyn Lelej
14:39 21 Nov 18
I highly recommend Justin at Prusiensky, CPA for all of your accounting and tax needs. I've been a client for over two years, and have been consistently impressed with their dedication to helping my business grow and be financially successful. His advice is invaluable. Thank you!read more
Bobby Nguyen
Bobby Nguyen
22:23 20 Nov 18
My partner and I started our very first small business last year. Justin has been a blessing to us. Being new at all of this, we didn’t understand much of how business taxes work. Justin explained and answer all of questions that we have. He took care of everything for us throughout the year and have made life so much easier for us. I couldn’t have asked for a better CPA. Highly recommended!read more
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