Centre For Automotive Industry Analysis

American firms like Ford plan to electrify their entire mannequin line, having just lately launched the all-electric F-150 Lightning. GM is making a $27B funding within the EV market and announced plans to offer 30 all-electric autos by 2025. Despite the global pandemic-related economic crunch, it appears that the prospects for electric mobility are better than ever. While international auto sales plunged in the course of the COVID-19 crisis, the electrical mobility market has remained remarkably resilient in some countries.

automotive industry

While American retail shoppers are popping out once more to take a look at vehicles and vehicles, facilitated by digital retail tools and appealing low cost provides, fleet and business category consumers, particularly these in rental cars, are not. This is worrying as new car sales to rental car corporations accounted for about 10% of the overall market, or 1.7m vehicles, final yr. Bankruptcy filings of Hertz and its parent company Advantage Rent A Car within the final week of May will probably weigh down US auto sales. However, provide chain points continued to plague production traces at major auto vegetation, as they confronted issues from suppliers in Mexico. While most crops within the US and Canada restarted by mid-May, …

Automotive Market Analysis

Easing of lockdowns in many international locations coupled with stimulus packages to support economic revival seems to have began benefitting the region’s automotive industry. Vehicle shipments reached near 2.2 million units in August, up 11.6% on YoY basis. Counterpoint expects the recovery to proceed in coming months pushed by enhancing car-buyer sentiment and pro-NEV insurance policies like scrapping of vehicle purchase tax on NEVs and extension of subsides till 2022 with a slower phase-out pace.

There are simply too many technical options, markets, and social and demographic modifications to address. And because the aggressive panorama intensifies, being average at many issues is not going to be good enough anymore; firms might need to choose their bets and turn into nice at the issues that truly matter for the customers they’ve chosen to serve. Each auto company should be very clear about how it plans to add value for its explicit set of customers; in other words, it has to confidently select its approach to play. The IHS Markit Eurozone Manufacturing PMI dipped to 62.8 in July in opposition to June’s reading of sixty three.four.

Automotive Megatrends And Markets

After every week that took the S&P BSE Sensex index previous 60,000 …