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GlobalData
GlobalData

Automotive

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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European light vehicle market forecast to see 80% fall in April

Following the news that the European light vehicle market declined by an unprecedented 47% in March; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The picture for Europe closely mirrors that of the UK with sales finishing 47% down in March compared with last year’s totals. “The COVID-19 […]
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Crisis is slowly ramping up in Japan’s auto sector, says GlobalData

Following the news that Japan has declared a month-long state of emergency and vehicle manufacturers are suspending production at some plants; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “COVID19 is beginning to have a significant impact on consumer and business activity in Japan. Major automakers in the […]
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Digital vehicle sales a winner amid coronavirus pandemic, says GlobalData

Digital solutions to new car purchase that avoid human contact are one area of retail that will get a boost from the coronavirus (COVID-19) crisis, says GlobalData, a leading data and analytics company. Mike Vousden, Automotive Analyst at GlobalData, comments: “With governments issuing stay-at-home orders, dealerships have seen customer footfall drop significantly or dry up […]
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Covid-19 poses an existential threat to many shared mobility service providers in India, says GlobalData

Following the news that coronavirus (Covid-19) hit Indian shared mobility service providers are turning to layoffs and salary cuts to keep business afloat; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The ongoing Covid-19 pandemic is leaving a deep mark on the mobility sector in India. […]
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Automakers rising to challenge of producing ventilators to combat COVID-19

Manufacturers across the automotive industry are working at breakneck speed, and with some success, to produce and assemble critical ventilators needed to combat the coronavirus (COVID-19), says GlobalData, a leading data and analytics company. Mike Vousden, Automotive Analyst at GlobalData, comments: “This truly is a historic moment in the automotive industry. Not since the two […]
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Auto industry will look to China for rebound insights

As the Chinese Government announces it will maintain subsidies for electric vehicles and plug-in hybrids, an indication that it will support the industry in recovery; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “This is an important indicator that Beijing will support the automotive industry as it begins […]
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US car market crash points to tough times ahead

Following the news that light vehicle sales in the US fell nearly 39% in March compared with last year; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “The sharp drop to US vehicle sales last month was widely expected as social distancing and lockdown measures took hold in […]
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