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 […]
September 8th, 2016
Euromonitor International’s latest research reveals that global light vehicle sales grew for the sixth consecutive year in 2015. With 86.8 million units sold, this represents a 1.7% increase on demand in 2014.
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 […]
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 […]
July 21st, 2016
Transportation is a key sector in the Middle East, catering to consumer’s on-the-go, urbanising and convenience-seeking lifestyles. With the rising population in this region, more cars are appearing on the roads and consumers are finding other ways to get from point A to point B. In Dubai, for example, rides on public transportation have […]
July 19th, 2016
My colleague, Caroline Bremner, Head of Travel, wrote on June 28 that “Dark clouds have gathered over the economic and political future of the UK following the dramatic decision to leave the European Union announced on 24 June 2016.”
June 25th, 2016
According to a Tesla press release on April 7, “In the first 24 hours Model 3 received over 180,000 reservations, setting the record for the highest single-day sales of any product of any kind ever in world history.”
June 24th, 2016
In the third quarterly update of Euromonitor’s new light vehicle sales forecasts, the biggest news is that the 2016 global growth outlook has been revised downwards to just 1.2%, which would be the slowest growth since the great Automotive recovery commenced in 2010.
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 […]
May 9th, 2016
New opportunities have emerged for foreign investors, following the lifting of sanctions against Iran in early 2016. Motor vehicles, the largest manufacturing industry in Iran, is particularly tempting for foreign companies.