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Automotive

COVID-19 forces Ford and others to focus on core

Following the news that Ford has reported a net loss of $2bn for Q1 and put back its launch of driverless vehicles to 2022; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “Ford’s Q1 results illustrate the severe impact the COVID-19 crisis is having on companies in the […]
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Sentiments crash for several global automakers

The COVID-19 outbreak has rendered automakers helpless with large-scale supply chain disruptions and retail outlet shutdowns. The troubles are mounting due to supply chain volatility spreading as fast as the virus, which also reflects the in decline in sentiments for several global automakers, says GlobalData, a leading data and analytics company. Several automakers, including BMW, […]
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COVID-19 puts brakes on driverless cars, says GlobalData

In recent years, the automotive industry has been addressing the megatrends set to transform long-term urban mobility and the industry, but the current crisis is now re-setting priorities, says GlobalData, a leading data and analytics company.   Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, comments: “Connected, autonomous, shared and electric (CASE) […]
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COVID-19 causes global auto industry running rate to dip to new low

Analysis carried out by GlobalData, a leading data and analytics company, shows that the global light vehicle market hit a seasonally adjusted annual running rate (SAAR) of just 54 million units in March, which compares with almost 90 million light vehicles sold globally in 2019. David Leggett, Automotive Editor at GlobalData, comments: “The decline in […]
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Lost demand is biggest issue for automotive restarts, says GlobalData

Following the news that vehicle manufacturers in Europe hit by the COVID-19 crisis are tentatively planning manufacturing plant restarts; Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “As countries gradually bring the rate of infection under control, the calls to restart economies and open up factories again naturally […]
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Car companies have to drop financial forecasts as crisis bites

As car companies report first quarter financial results, many are making it clear that they cannot issue their usual guidance on the full-year outlook because of the uncertainties generated by the COVID-19 crisis; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “We are in unprecedented times in the […]
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COVID-19 forces car companies to focus on core, says GlobalData

Following the news that General Motors has suspended its Maven car-sharing operations; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Maven was one of those brave new mobility experiments that was guaranteed to get Wall Street excited about automotive dinosaurs seeking new revenue streams and extracting more value […]
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Acquisition of UK’s iconic motorcycle brand Norton will strengthen TVS position in international markets, says GlobalData

Following the news that Indian two-wheeler manufacturer TVS Motor Company has acquired British motorbike brand Norton Motorcycles (UK) Ltd; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “The £16m (INR1.53bn) acquisition comes as a historic move from TVS as it is poised to strengthen the India-based […]
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Decline in overseas demand forcing South Korea’s auto giants opt for ‘strategic’ production halts, says GlobalData

Following the news that South Korean vehicle manufacturer Kia Motors plans to shut three production units due to drop in overseas demand; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “South Korea was among the initial countries that were impacted by the coronavirus (Covid-19) outbreak. The […]
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Automotive forecasts revised down as crisis deepens, says GlobalData

The shutdowns and deteriorating demand in the automotive sector have caused GlobalData to revise its North American and European light vehicle (LV) production forecasts for 2020 and beyond. This is a stark illustration of how serious the COVID-19 crisis, which has caused sales to whither and shuttered manufacturing plants, is becoming for the automotive industry, […]
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Fragile supply chains will complicate car factory re-starts

As some car manufacturers contemplate strategies for manufacturing plant re-starts over the next four weeks; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “This will not be an easy process of simply opening the factory gates and quickly getting back to normal. For one thing, the public health […]
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China’s vehicle market heading for 2020 decline

Following the news that China’s vehicle market was down 43% in March at 1.43 million units; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his views: “Things are getting better, but China’s vehicle market is coming up off the floor. April will be key to seeing how the recovery to demand is shaping up and also how robust […]
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Covid-19 likely to push Indonesia’s automotive total industry volume in 2020 to 2008 levels, says GlobalData

Following the news that the Indonesian Automotive Industry Association (GAIKINDO) revised 2020 vehicle sales projection to 600,000 units; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Indonesia is among the worst hit countries in Asia, having highest mortality rate in the region due to Covid-19. The […]
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Covid-19 compelled auto dealers in India to explore digital sales, says GlobalData

Following the news that Hyundai Motor India has expanded the coverage of its recently introduced online sales platform ‘Click to Buy’ to pan-India level; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Coronavirus (Covid-19) has significantly impacted auto sales volumes in India. The dealerships witnessed significant […]
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Ford engages crisis gear amid bleak outlook, says GlobalData

Following the news that Ford is expecting to make a $600 million first quarter loss and has amassed a $30 billion reserve on its balance sheet; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his views: “Ford is taking emergency measures – principally in bolstering its cash and liquidity position […]
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GlobalData estimates new light vehicle sales in India to decline by 10.8% in CY2020

Following the news that the Society of Indian Automobile Manufacturers (SIAM) has revised domestic vehicles sales projection for FY2021; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Coronavirus (Covid-19) has significantly impacted the Indian automotive industry, which was already reeling under the slowdown in sales volumes. […]
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Auto industry costs from lost production soar over $100bn

Analysis undertaken by GlobalData, a leading data and analytics company, suggests that lost automotive volume as result of the COVID-19 crisis now stands at 3.6 million units, with the industry’s revenue loss estimated to have risen sharply in recent weeks to a staggering $113.3bn. Calum MacRae, Automotive Analyst at GlobalData, comments: “For the automotive sector, […]
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