It’s been a bad week for car companies, with Volkswagen announcing it would stop selling diesel vehicles in 2018 and Nissan announcing plans to shutter its factory in Japan and build a new plant in Michigan.
But this week, the automotive industry was hit with a bit of good news, thanks to a study by automotive analysts at the Kelley Blue Book.
The study said that more than a third of the 3.5 million vehicles sold in the U.S. in 2017 had at least one part made by a car company, including nearly 60 percent of the cars in 2018.
That means more than half of the vehicles on the road today have at least a car part made from a car maker.
The company that makes that part also makes the car, and that makes the product.
“We are very optimistic that the industry is going to see a strong recovery in 2018, and in particular, a strong rebound for car and truck parts,” said Michael Biesecker, the president of Kelley Blue Books.
“In 2018, the industry will have an opportunity to regain its competitiveness and grow into the future.”
But the industry needs to take note that the resurgence of parts in the auto industry is just one of many potential positive developments in the coming years.
There are also new car parts to look out for.
The auto industry has been struggling with the introduction of autonomous vehicles in some markets, but the industry isn’t out of the woods yet.
Companies like Volvo are making a major push into the smart car space, and a new generation of cars is getting better and better.
And there are also some other exciting new products on the horizon.
Biedecker expects that the auto sector will see a lot of good things in the years ahead.
“This is a very exciting time in the automotive sector,” he said.
“It’s going to be a very positive time for the auto and truck industry.”
The study comes just weeks after the Trump administration announced it was rolling back rules to require more transparency for automakers and to give more information to consumers when buying cars.
Companies have already started to take steps to improve their transparency efforts, and more are expected to follow.