CHICAGO, Oct. 1, 2020 /PRNewswire/ — Cars.com (NYSE: CARS) is a leading digital automotive marketplace and solutions provider. The Cars.com team of experts explored the differences in each candidate’s platforms and looked into major impacts the upcoming election will have on the automotive market and American consumers. The full report can be found at Cars.com/news/election2020.
“The first point people should understand about the auto industry is that vehicles are manufactured for years in essentially the same form based on an enormous upfront investment — vehicle platforms last 6.7 years on average,” said Joe Wiesenfelder, executive editor for Cars.com. “Contrast this with a four-year presidential term, and it’s hard to accept any claim that a president or nominee has changed, or could change, where automakers conduct final assembly in short order, even though this is where the current candidates are making most of their campaign claims and pledges.”