Naija Auto Market

auto marketThe Honda Civic as a substitute occupied the third spot, because it was boosted by increased demand in China. Meanwhile, the Toyota Rav4 outsold the Nissan X-Trail/Rogue to turn out to be the world’s best-promoting SUV and fourth best-selling car. The X-Trail/Rogue was hampered by falls in demand within the US, where quantity was down by eleven%, and in Europe, the place volume was down by 31%, because it also felt the effects of getting an older model, having first been launched to the market in 2013. The downturn in Chinese automobile sales, blamed on slower financial progress, new emissions rules and cuts to subsidies for vehicle purchases, has reduced auto sector employment by 5 per cent, or 220,000 jobs, since July 2018, based on official statistics.

According to a report by the East Asia Forum, Indonesia as of 2015 laid claim to only a couple of third as many vehicle-components suppliers as Thailand, its biggest competitor within the region. Though efforts to encourage the entry of latest investors have began to make a dent in the lack of locally-sourced automotive components, longstanding impediments corresponding to exorbitant costs linked to poor infrastructure proceed to function pace-bumps to this industry’s development (See High Stakes for Indonesia’s New Infrastructure Push). Moreover, information of Saint-Gobain Group’s plan to delay the development of an automotive glass production facility in the Indonesian province of Banten because of poor regional automotive gross sales – down four% across Southeast Asia in 2015 – will do little to … Read More