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“Carmakers should add on average €1,000 of content to automobiles to make them adjust to the new rules,” says Arndt Ellinghorst, an automotive business analyst at Evercore ISI. News that Ford plans to shut its Bridgend plant subsequent year, with the loss of 1,seven-hundred jobs, is just the newest in a series of blows for the UK automotive industry. International vehicle makers are increasingly competing with Chinese manufacturers who are also innovating with Chinese customers in thoughts. As the Chinese market is positioned for extra growth, producers will strategically focus their products on the needs of the Chinese consumer – reasonably priced, protected, passenger vehicles which are higher for the environment. Convertibles don’t readily fit that mold.
Even extra alarming was a 17.2% y-o-y skid within the sale of motorcycles – the primary means of motorised transportation in Indonesia – during the identical interval. Automotive companies have sought to quell the decline by slashing prices but this strategy has confirmed largely ineffective. Given the absence up to now of indicators of a rebound, it’s not surprising to see market analysts from Frost & Sullivan predicting an extra 4.three% contraction in whole automobile gross sales in 2016 (The Jakarta Post, 27/01/16).
Functional types of demand, nevertheless, impose construction on cross-elasticities between products. Such construction, when inappropriate, can bias the estimates of competitive interaction.
What exactly is the state of the auto market in Africa? Which manufacturers rule the roost? And how is Africa’s own local manufacturing and meeting business faring? Sherelle Jacobs has been assiduously researching the topic; right here is her report. Global gross sales of battery electric automobiles surged seventy three% in 2018 to 1.three million models, however that was nonetheless just a fraction of the 86 million automobiles bought general.
In South Africa the auto firm sold slightly shy of sixty three,000 automobiles in 2013, giving it a market share of virtually 10%. It has harm carmakers who had been doing brisk enterprise in China, says Dave Leggett, editor of the automobile industry website simply-auto. So, reduced sales of convertibles can’t be blamed completely on the Chinese market. But lack of demand in China may just be what kills the convertible’s future. So maintain on to those outdated Corvettes and Mustangs, and just about any newer convertible because they may all quickly be classics.
In opposite, Ibrahim Ismail, govt director of a used automotive market in Nasr City, believed the proposed amendments will contribute to reducing the prices of used vehicles, explaining that the choice won’t instantly have an effect on the automobile buying and selling. He noted that the registration charges for some cars are very excessive as a result of high prices of those vehicles which might enhance the used automotive costs causing extra recession in the market. However, the pinnacle of the Egyptian Automotive Dealers Association, Osama Abu El Magd, mentioned that the choice threatens the used car market. The used automobile market in Egypt has received frequent blows since the starting of this 12 months. It started with making use of the EU-Egypt Association Agreement lifting all customs on European vehicles which reduced the prices of new cars.
BBC News Services
Ford and Peugeot owner PSA have suffered probably the most, with their factories operating well below full capacity at historic lows because of plunging gross sales after last 12 months’s reversal within the Chinese auto market — the primary in nearly three decades. BYD’s EV sales for the primary six months of the yr grew 95% to one hundred forty five,653 models (link in Chinese) from the same interval in 2018. That’s mostly thanks to the EV gross sales within the first three months—which went up 147% in comparison with the primary quarter of 2018—giving a greater than 600% boost to its profits for the quarter. BYD stated that its EV market share in China has elevated to 24% in the first half of 2019 from 20% in the identical interval a year ago.
The firm has clinched a deal to construct an R&D heart in Shanghai for developing hydrogen-gas applied sciences. Japan’s Toyota Motor Corporation made a world debut of two electrical car models on the exhibition, each expected to go on sale in 2020. Over 1,000 auto business producers from 20 nations and areas introduced their new fashions and idea vehicles to the Auto Shanghai 2019, which opened Thursday.
In 2017, the sales volume of Russia’s automobile market rose 12 p.c from the earlier 12 months, to 1.fifty nine million items, reversing the 4-yr decline. The local brand Lada Riva stays the bestselling automobile with 15 million items produced since its launch. RTA is holding training programs for examiners in collaboration with accredited auto brokers in the UAE, which goal to familiarize personnel with the testing standards of electric and hygiene autos, which have been endorsed of late after consulting the world’s greatest practices. “RTA has alerted all service suppliers, auto brokers and technical testing personnel not to register an electrical automobile in the Traffic System of Dubai except it’s verified that such a vehicle has a UAE-primarily based accredited agent,” added Al Ali.