S&P Global Mobility: February 2024 U.S. Auto Sales Bounce Mildly

March 4, 2024
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MF Business Edge
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Laurie Harbour
 
 
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Destiny of Manufacturing Podcast Welcomes Mike Ingalls, Executive Director of Operations, Dayton Rogers Mfg.
 
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Ingalls’ vision for the future of manufacturing, specifically short-run stamping: “Automation through process and tooling.”
 
 
S&P Global Mobility: February 2024 U.S. Auto Sales Bounce Mildly
With volume for the month projected at 1.22 million units, February 2024 U.S. auto sales are estimated to translate to an estimated sales pace of 15.5 million units (seasonally adjusted annual rate, or SAAR). So notes S&P Global Mobility, which projects calendar-year 2024 light-vehicle sales volume of 15.9 million units, a 3% increase from 2023.
 
 
 
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Gregg Boucher
 
 
Free Webinar: Maximize Efficiency and Productivity of Aluminum Hot Stamping
A team of engineers at Schuler have developed the Fast Light Alloys Stamping Technology (FAST) technology for aluminum hot forming that rivals the current industry process of solution heat treatment.  FAST lines do not require a furnace and are equipped with multi-station dies for heating, forming and cooling applications.

This webinar will address the key benefits metal formers can expect from FAST technology that drastically contrast against the limitations of SHT.
 
 
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Crafting a Strategic Path for ESG Excellence: A Four-step Framework
This article from the accountants and advisors at Marcum LLP provides a step-by-step approach for tackling environmental, social and governance (ESG) initiatives:
  • Establishing a diverse ESG leadership team
  • Benchmarking and understanding stakeholder perspectives
  • Creating an all-encompassing ESG strategy
  • Prioritizing reporting integrity and verifiability.
 
Manufacturing Orders in 2023 Outperformed Expectations
Just as the larger U.S. economy fared better than many predicted at the beginning of 2023, orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, outperformed even the best expectations.
 
 
Metal Formers Remain Optimistic Regarding Business Conditions
Optimism by metal forming companies regarding business activity continues to rise, according to the February 2024 PMA Business Conditions Report. Notable: The number of manufacturers expecting business activity to increase has risen for three consecutive months. 
 
 
Perform Business Self-Assessments Regularly
This quick-to-the-point blog post from BE Financial LLC offers a seven-step self-analysis that business managers should perform on a regular rhythm, to maintain the health of their companies.  Among the steps:
  • Evaluate leadership and culture. Is morale low? Is the team motivated and collaborative? Are tough issues confronted?
  • Analyze sales and marketing. How diversified is revenue? Can you retain key accounts? How targeted are marketing efforts?
  • Review operations and supply chain. Are you efficient? What improvements could boost productivity? Are costs effectively managed?
 
LinkedIn Live Hosts Four-Part Series in Mastering B2B Marketing Strategies
These brief video tutorials from marketing guru Donna Peterson are titled:
 
Industry-Related Terms: Alloys, Forming, Scale, Scrap
View Glossary of Metalforming Terms

Technologies:

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