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GlobalData
GlobalData

Automotive

Global vehicle market is over the worst, says GlobalData

Data compiled by GlobalData, a leading data and analytics company, shows that global light vehicle sales fell 33.8% in May to 4.9 million from 7.5 million a year ago. “The May result is is an improvement on April’s showing when sales fell 47.5% bringing a record low SAAR for the global market,” says Calum MacRae, […]
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Honda’s Hynex Mobility venture with Neusoft in China will boost advancement in connected car technology, says GlobalData

Following the news that Honda Motor (China) Investment, a wholly-owned Honda subsidiary in China, and Neusoft Reach Automotive Technology (Shanghai) have established a new joint venture company Hynex Mobility Service in Dalian, northeastern Liaoning Province, to accelerate future mobility services in the world’s largest automotive market; Animesh Kumar, Director of Automotive Consulting at GlobalData, a […]
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Turkey suppliers on course for boom as Europe’s auto industry recovers

Following the news that the Automotive Suppliers Association of Turkey (TAYSAD) has announced a campaign promoting Turkey’s credentials as a reliable automotive producer; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The COVID-19 pandemic has highlighted the fragile nature of automotive manufacturing supply chains that stretch across the […]
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China to lead global automotive market recovery, says GlobalData

Following the news that major OEMs in China witnessed strong year-on-year growth in vehicle sales volume in May 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “China automotive market was the first to be hit by COVID-19 pandemic. As per China Association of Automobile Manufacturers […]
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Car scrappage scheme would quickly benefit UK economy

Following reports that a scrappage scheme to boost UK vehicle sales is now unlikely; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “Just a few days ago, it seemed that a £6,000 new car purchase incentive scheme was close to being signed-off, but it looks like the Treasury […]
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COVID-19 recession bites deep into automotive, recovery strategies for companies now vital, says GlobalData

With the vehicle markets decimated across the world due to COVID-19, automotive companies are coming under considerable pressure. However, this is the time to formulate strategies to bounce back and recover from the current economic slump, says GlobalData, a leading data and analytics company. David Leggett, Automotive Analyst at GlobalData, says: “Automotive companies are facing […]
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Electric cars shaping up as growth pole as recovery builds

Following the news that Hyundai Motor Group announced an almost 58% rise in global sales of electric vehicles in the first five months of 2020, to 40,182 units; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Hyundai’s success reflects strong demand in Europe for recently launched electric vehicles […]
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European Governments must move fast to support auto sector

France recently announced plans to inject more than €8bn into its automotive sector; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view on the European automotive industry and how other countries should act: “According to GlobalData analysis, West Europe is forecast to bear the brunt of a global industry […]
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UK car production plunge highlights recovery challenge ahead

Following the news that UK car manufacturing plunged by 99.7% in April as the COVID-19 crisis halted production at UK factories; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “With UK car plants closed, the April output numbers are no surprise, though they are a stark reminder of […]
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