Traditional carmaker enterprise models are commoditizing, and OEMs need to reexamine their candy spot in the value chain to handle shifting buyer needs. This might involve shifting from car possession to pay-per-use and ride-sharing companies. The automotive gross sales market will doubtless climb 5{6813f3f94a6310de727ec1148c1a37fe47745ad9cc55f3fd35607477109fe237} in 2017 to 29.four million vehicles, still triggered by a tax cut policy beginning in 2015.
We consider a sharp rebound is unlikely though, as a result of more mature nature of China’s auto trade and the retooling means of transitioning from inside combustion engines to NEV vehicles. In addition, the retail value of used automobiles — the amount shoppers pay — has continued to increase, however at a slower tempo over the past month, based on a separate Cox Automotive report.
Future Mobility Detroit
Recently on May 20, the Vietnamese government, in a move to stimulate automotive demand, has approved plans to reduce automobile registration fees by 50{6813f3f94a6310de727ec1148c1a37fe47745ad9cc55f3fd35607477109fe237} until the top of the year. With a chronic lockdown, Counterpoint expects broad-based financial challenges leading to a 2020 GDP decline of -5.5{6813f3f94a6310de727ec1148c1a37fe47745ad9cc55f3fd35607477109fe237}, the worst drop because the 1998 Asian monetary crisis.
We assist OEMs, suppliers, and associated firms deal with the complexity of getting into and …
