With the Chicago auto market still in the middle of a huge market saturation, many auto companies are seeing opportunities to take advantage of the increased demand for their vehicles.
The Chicago Auto Exchange has seen record volume for the past few months, according to auto trade publication Automotive News.
The Chicago Auto Trade Association, the umbrella trade organization for automakers in the city, expects the market to grow by a whopping 40 percent in 2017, a big boost for the Chicago region.
The auto industry is still in its infancy in the area, but it is expected to make some headway as it attempts to expand its market share.
The biggest hurdles to further expansion in the Chicago market are the challenges that the local auto industry has faced in recent years, said Steve Riddell, president of the Chicago-based Automotive Exchange.
He said the industry needs to continue to invest in technology, safety, and maintenance.
The city is a hotbed for the auto industry and a major source of jobs in the region.
But that hasn’t always been the case, and there are also problems with the industry in recent months.
Auto sales have been sluggish for years, according for Auto Sales Data.
The national average has declined over the past five years, dropping 6.2 percent in 2015.
The city’s auto sales have also slowed significantly over the last several years.
The local auto market lost about 14,000 jobs last year.
Despite that, there are still jobs available in the auto sector, especially in the manufacturing industry.
“We are seeing demand from new car makers and for new models,” Riddel said.
“So, we have some growth opportunities.”
Chicago has had a big presence in the global auto market since the 1970s, and Riddedell said it was an important market to the region in the 1990s when automakers started to enter the city.
He said there are two main reasons why the city is booming.
The first is the high quality of life, which is a big selling point.
“The quality of the city and its economy, it has the kind of people that come here, the kind that love it,” Ridell said.
The second reason is the booming retail and commercial space.
Riddell said he doesn’t think the Chicago metropolitan area is going to experience a recession anytime soon.
But he said he thinks that it could slow down as the economy gets stronger and demand for cars gets stronger.
“That will be our number one priority, to make sure that we can grow and stay competitive,” Ridding said.
He thinks the auto market is still a great place to invest.
“It’s a good place to get into the auto business.
You don’t have to have a big-time job to do it.
There are a lot of great companies out there that have a lot more talent than the ones that have gone before,” Riddle said.