automotive industry: Milan Fashion Week SS23 Street Style Is Keeping It Simple and Chic

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automotive industry: Milan Fashion Week SS23 Street Style Is Keeping It Simple and Chic

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Milan Fashion Week SS23 Street Style Is Keeping It Simple and Chic

When it comes to fashion week street style, onlookers are almost always treated to a style spectacle filled with vibrancy, eccentric patterns, and dramatic silhouettes. As the world returns to a sense of normalcy post-pandemic, the fashion week was amongst the main events that have seen an uptick in excitement. The energy on the streets of fashion week was highlighted by the extraordinary outfits. While these outfits are eye-catching, more often than not, they are not what most people would wear on a day-to-day basis. This Spring/Summer 2023 season during Milan Fashion Week has been a remarkable turn of events, seeing the return of clean, straightforward, and fundamental styling. Attendees have stepped away from the ostentatious “look at me” outfits and opted for casual chic for everyday wear.

This past womenswear fashion week saw major brands like Prada, Fendi, Ferragamo, Bottega Veneta, and BALLY return to the runway with their contemporary interpretation of Italian tailoring and luxury streetwear. Setting the tone for the streets, designers like Matthieu Blazy, Rhuigi Villaseñor, and Kim Jones, have given these traditional Italian luxury fashion houses a much-needed youthful facelift to bring them into the present-day trends. The streets reciprocated the notion bringing a fresh look at how one can be comfortable and stylish with a no-fuss aesthetic.

Simple layering for the cooler weather was heavily highlighted with relaxed blazers and oversized leather bomber jackets. The comfort-focused look is still on the uptrend as baggy jeans and trousers pair well with a straightforward t-shirt. Blazers are an evident trendy outerwear piece and are often the centerpiece of most outfits either due to it standout bold colors or subtle detailing such as frills on the sleeves or the Prada triangle. Untucked and vibrant button-down shirts are making their back to wardrobes, paired with pleated trousers and sneakers for the semi-formal look. Denim continues to be the popular choice, a staple to any outfit for the Fall weather.

Take a scroll above to check out what people were wearing on the streets of Milan Fashion Week this season.

A market rooted in light trucks and U.S. automakers

Amid the semiconductor shortage, light trucks remain the most popular vehicle type in the country. U.S. light truck sales amounted to under 11.6 million units in 2021, rebounding by around five percent compared to 2020. Meanwhile, the number of cars sold in the U.S. has been decreasing from a staggering 11.4 million units in 1973 to a little over 3.3 million units in 2021, as U.S. consumer demand has been shifting to larger vehicles over the past few decades.

General Motors, Chrysler LLC, and Ford Motor are the key American automakers, although Chrysler LLC is a fully-owned subsidiary of the Europe-based Stellaris. In addition to these carmakers, Tesla’s market share is rising due to the increasing acceptance of electric vehicles. General Motors is the vehicle manufacturer with the highest market share, followed by Toyota and Ford. automotive industry

War and profitability challenge the industry-automotive industry

Fuel prices in the U.S. have been increasing throughout the pandemic as well as during Russia’s invasion of Ukraine, with diesel prices soaring over five U.S. dollars per gallon by March 10, 2022. The U.S. has increased its national petrol production through hydraulic fracking to ease dependence on Russian crude oil exports; however, market uncertainty has led to inflation despite the U.S.’s increased self-reliance. automotive industry

In parallel, the new energy vehicle market has also gained popularity. Around 607,600 plug-in electric light vehicles were sold in the U.S. in 2021—almost double the sales in 2020. The Tesla Model S was the best-selling passenger car in the first quarter of 2022, followed by the Model 3. Tesla recorded a market capitalization of over one trillion U.S. dollars in April 2022, ranking among the world’s largest companies. Boosted by Tesla’s success, the U.S. electric vehicle industry attracted startup companies like Rivian, Lucid Motor, and Canoo. Despite the boom in the market, these startups have challenges ahead; Rivian, which started its vehicle deliveries in 2021, recorded a net loss of close to 4.7 billion U.S. dollars in 2021. automotive industry

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