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Automotive

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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Auto sector faces biggest existential crisis since 2007-09, says GlobalData

The automotive sector is facing its biggest existential crisis since the 2007-2009 financial crisis with 97% of light vehicle (LV) manufacturing plants in Europe and North America temporarily shut down, says GlobalData, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, comments: “In Europe and North America, GlobalData’s latest estimates show that […]
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Tesla and Toyota rank top automotive companies after COVID-19 review, says GlobalData

A ranking of top vehicle manufacturing companies worldwide compiled by data and analytics company GlobalData shows that the impact of the coronavirus (COVID-19) crisis will be strongly adverse across the industry this year, with all major companies impacted. Of the automotive manufacturers listed, Tesla and Toyota will lead the 32-strong field. Published in GlobalData’s report, ‘Thematic […]
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Shutdowns to cost European auto industry £29bn, says GlobalData

After a period of sweeping announcements by European automakers that they are halting production at European plants for several weeks; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Analysis based on GlobalData’s latest European light vehicle production forecast suggest that in the six-week period from the beginning of […]
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Covid-19 highlights need for reduction in dependence on Chinese auto component imports in India, says GlobalData

Following the news that 25,000 auto executives in India will be working from home to contain the spread of Covid-19 contagion; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Most of these employees are from key original equipment manufacturers (OEMs), including Ford, Tata Motors, Mahindra, Volkswagen, […]
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Automotive plant closures in North America due to coronavirus will likely last beyond March, says GlobalData

Following the news that Ford, General Motors and Fiat Chrysler (FCA) are shutting their North American manufacturing plants through March 30 in response to the deepening coronavirus (COVID-19) crisis; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “The news from the US is certainly not unexpected and follows […]
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Automakers have no alternative but to shutter plants, says GlobalData

Following the news that Volkswagen Group is planning to temporarily suspend production at its European plants due to the deepening impact of the coronavirus (COVID-19) crisis; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “The COVID-19 crisis is impacting car companies in two ways. Firstly, supply chains are […]
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