Tag: sales

Thai sales fall 33% in June | Automotive Industry News

by  on  in Car Reviews

Thailand’s new car or truck market place fell by close to 33% to fifty eight,013 units in June 2020 from sturdy year before revenue of 86,048 units, in accordance to wholesale data compiled by the Federation of Thai Industries (FTI).

This followed even sharper declines in the preceding two months, as big elements of the economic climate had been under lockdown to support management the spread of the COVID-19 pandemic.

When the Thai government began to simplicity business enterprise and social restrictions in early May possibly, key sectors of the economic climate remained under force, significantly those people dependent on

… Read More

Veoneer posts Q2 net sales down 62% to US$184m | Automotive Industry News

by  on  in Car and Auto News

Veoneer has claimed second-quarter internet income down 62% to US$184m.

Energetic Safety internet income of US$79m declined 57% which includes an Natural Sales decrease of 56%

“The second quarter was really strange,” stated Veoneer president and CEO, Jan Carlson. “Gentle automobile creation declined by all over forty five%, the worst decrease in recorded record. The lots of complexities in terms of regional dissimilarities, world-wide supply chains, limited supply notices and various other components, made it a really challenging environment for working effective and effective operations.

“The health of our staff members remained a ongoing concentration, not minimum simply because of

… Read More

China’s auto industry faces problems with falling sales and consumer uncertainty

by  on  in Car Reviews

Detailed industrywide data is not available, but financial practices also played a section. In late 2017, national authorities in Beijing cracked down on “micro-lending,” the exercise of issuing unauthorized, unregulated client financial loans by using cell telephone apps or man or woman-to-man or woman agreements.

It was a seemingly innocuous measure to introduce more regulation into China’s buoyant financial state. At the time, micro-lending was believed to stand for about $one hundred fifty billion a yr in transactions. But the lending exercise had been allowing a lot of superior-possibility buyers — specifically younger persons — to buy new autos dependent

… Read More

Sales recovering but outlook still grim – the week | Automotive Industry Comment

by  on  in Automotive Industry

The worlds light vehicle market is forecast by just-auto parent company GlobalData to decline by 17.2% to 73.6m units in 2020, due to the impact of the COVID-19 pandemic and its associated economic fallout

The world’s light-weight car marketplace is forecast by just-car mother or father firm GlobalData to drop by seventeen.2% to 73.6m units in 2020, due to the affect of the COVID-19 pandemic and its affiliated economic fallout

Unsurprisingly, the COVID-19 pandemic, which is showing troubling indications of a resurgence in lots of nations subsequent the comforting of lockdown constraints, carries on to impact new car product sales. Circumstance in issue – the US where by lots of states and regions have just lately reimposed stricter lockdown rules again soon after a resurgence of new infections. Our individual evaluation confirmed the 12

… Read More

CNG car sales expected to grow in double-digits in FY21 despite decline in PVs, Auto News, ET Auto

by  on  in Car and Auto News

The cost of running a CNG vehicle is about Rs 1.5 per km, which is less than half that of petrol and diesel vehicles.
The value of operating a CNG automobile is about Rs 1.five for every km, which is fewer than half that of petrol and diesel cars.

New Delhi: Sales of CNG cars are projected to shoot up in solid double-digits in the latest economical year on decrease operating fees and wider availability of the fuel, even as increasing petrol and diesel prices hurt need amid weak current market sentiment.

Maruti Suzuki, the country’s most significant carmaker, expects product sales of CNG cars to expand 36 for every cent to 144,000 units in FY21. The firm has eight CNG-driven cars in its

… Read More