SUVs Become the Largest and Fastest-Growing Automotive Segment in 2015

by September 8th, 2016

LONDON, UK – Global market research company Euromonitor International released today new automotive data. According to the new research, global sales of light vehicles grew 1.7 percent in 2014-2015, driven by the increasing popularity of Sports-utility Vehicles (SUVs), sales of which surged 22 percent since 2015. SUVs overtook lower medium cars to become the largest […]

Autonomous Vehicles Impact: Insurance Industry

by August 28th, 2016

Continuing implementation of automation and technologies are having an impact on improving safety on the roads and the falling number of fatalities. However, even though increasing safety is a positive sign for society, this trend also negatively affects the performance of insurance companies, due to contracting motor premiums. What is more, the emergence of self-driving […]

Autonomous Vehicles Impact – Motor Vehicles Industry

by August 10th, 2016

The first fully autonomous cars are expected to arrive by 2025-2030, although car manufacturers see driverless technologies as essential to their future and are already investing in new systems. However, despite the manufacturers’ enthusiasm, autonomous vehicles could erode private demand for new cars, in turn forcing car producers to look for alternative revenue streams, such as […]

Evolution of Cost Drivers in Auto Industry

by May 19th, 2016

Motor vehicle industry’s costs expanded at 6% CAGR during 2010-2015, with intra-industry and labour being the two largest cost drivers. Intra-industry costs in China accounted for nearly 50% of total costs in 2015 driven by investments into new car production capacity. Meanwhile Europe continued to have the largest labour costs globally. Despite high cost operating […]