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IHS Markit: global auto sales to drop 22% this year

Green Car Congress

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 million units.

Global 150
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Chinese automakers sweep Western brands out of global markets

Baua Electric

Markets in Asia, South America and Africa may be small compared to North America and Europe, but taken together they add up. Michael Dunne knows as much about China’s auto market and automakers as just about anyone out there. Now every Japanese firm is seeing sales shrink.

Chinese 52
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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

Green Car Congress

In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Global growth will mainly be driven by China, where Scotiabank expects auto demand to grow 7% in 2015 to 19.36 Data: Scotiabank.

2015 150
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Honeywell Transportation Systems Forecast: turbocharged vehicles to account for 48% of annual global sales by 2021; electric boosting emerges

Green Car Congress

Honeywell’s Transportation Systems Forecast projects that turbocharged vehicles will acount for 48% of annual global sales by 2021, up 9 percentage points from 2016. The global turbo business is expected to reach almost $12 billion in industry sales in 2021. million versus 7.5 million in 2016.

Global 150
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Confirmed! China’s Leapmotor to go on-sale in Australia in 2024 with C10 SUV

EV Central

The Chinese electrified vehicle maker Leapmotor will launch in Australia in late 2024 as part of an international expansion backed by global auto giant Stellantis. Beyond that it has a variety of existing models it could add here quickly including the Mini-sized T03 electric car that has already been confirmed for European sale.

Australia 111
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Tesla expands into the Philippines, starts hiring

Baua Electric

From the introduction of the Roadster to the Model Y, Tesla had a rapid global expansion into many new markets, but as it coverage expanded globally, its launches in new markets have greatly slowed down. Tesla is now in most major auto markets around the world with the exception of a few, like India, which wasn’t from a lack of trying.

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Volkswagen to close three factories in Germany, eliminate jobs and cut worker pay – Charged EVs

Baua Electric

Hurricane-force winds are blowing through the global auto industry, and we may just have seen the first roof fly off. Europe’s largest economy is struggling, total auto sales are in decline, and EV sales haven’t grown quickly enough to pull the automaker through the Valley of Death.

Germany 52