To unlock the promised value of mobility technology, industry players also will need to invest more than $900 billion in new growth areas by 2030 and more than $2.4 trillion by 2035, according to the Boston Consulting Group report.
The association says the State of Auto Care serves as a valuable digital guide to navigating the auto care’s fast-paced, constantly evolving industry.
The company reported net sales of $144.1 million, compared to $132.7 million in the third quarter of 2016.
In the new report, “Transportation Technician New Entrant Demand,” TechForce found that the estimated demand for “new entrant” vehicle technicians is much higher than previously reported.
Highlights of the report include programs and initiatives undertaken to drive sustainability within the company, with customers, and in the communities where its employees live and work.
Boston’s multiphase testing program began in January with Cambridge-based AV software maker NuTonomy conducting trials of autonomous cars on public roads within Raymond L. Flynn Marine Park in the Seaport District. The Boston Consulting Group recently released a report assessing the results.
According to previous statistics, this number has nearly tripled from 2016. Approximately 70 percent of new light vehicles produced in 2023 will be equipped with some form of OEM telematics systems.
The company reported adjusted earnings per diluted share for the quarter of 36 cents, and gross profit increased by more than 26 percent to $33.2 million.