Auto Industry Power Shift


There has been a power shift in the auto business- and the car industry is back in the driver's seat. Consumers with aging vehicles- on average 11 years old- and businesses that are back in growth mode- are having to pay up for the cars they now need. IHS Automotive's George Magliano: "The volume is not only going up. The prices are going up because the manufacturers are managing their inventory much better."