Brexit & Beyond for UK Auto. Alan Tovey, Business Editor “Daily Telegraph” reviewed this book and wrote: “This is basically THE reference book for anyone interested in UK automotive. It’s the ground zero of informed thinking.”Brexit will bring many changes to the UK – and none more so than in the auto industry. This follow […]
Electric Car Sales Fight Off Virus As Regular Autos Tank. “We think (manufacturers) will prioritize electrification projects as far as possible rather than let them wither on the vine” Battery-electric car sales in Europe are holding up well, even as regular internal combustion engine (ICE) demand crashes around them, but forecasters are scaling back much […]
2nd Virus Wave Would Finish “V” Shaped Recovery. “Sales would not see an immediate recovery after 2nd wave of Covid-19 because of fears over a resurgence” As short-term auto sales almost disappear in Europe and the U.S., investors have been hoping a short-lived crash in demand would be followed by a quick and vigorous “V” […]
April Auto Sales Could Plummet 80% in Europe. Europe, sales will show an unprecedented slump of over 80%. For the USA sales will drop by at least 60% in April” Sales of cars and SUVs dived more than 50% in coronavirus inflicted Western Europe in March, outpacing the U.S. fall of nearly 40%, and forecasters […]
British Car Sales Dive Nearly 45% in March. “demand will be stimulated by government programs, but if this doesn’t happen, significantly higher declines can be expected” British car and SUV sales plunged nearly 45% in March, in data reported Monday, slightly worse than Germany’s reported 38% drop in the month last week, although not nearly […]
JLR Cut By Standard & Poors As Virus Undermines Plans. “a long way from JLR’s ambition for annual sales of 1 million” Financially troubled maker of sports cars and luxury SUVs Jaguar Land Rover (JLR) was downgraded by Standard & Poors Global Ratings (S&P) because it expects JLR’s profits to be hit by a sales […]
Auto Sales May Start To Recover Later This Year. “We believe that JLR, Renault and Daimler have the lowest rating headroom and could face negative rating actions” Forecasters are scrambling to predict the impact of the coronavirus crisis on auto sales and the conclusion is, without much conviction admittedly, the global industry will soon stage […]
Ferrari Hiccup In 2020, Before Blasting Back Into The Fast Lane. “we do not expect the business to escape completely unscathed” Amid the debris of the global automotive industry, Italian luxury sports-car maker Ferrari is expected to race on confidently after swerving past relatively minor obstacles. The mainstream European auto industry is on its knees, […]
