The global light vehicle market continued its post-corona recovery in June, market analysts report. Global light vehicle sales fell by 19.1 per cent in June, year-on-year, to 6.2 million for a seasonally adjusted annualised running rate (SAAR) of 73.1 million in the month, according to GlobalData.
Calum MacRae, Automotive Analyst at GlobalData, comments: “While these results are some way behind industry norms, they do demonstrate that the global market has recovered from its April low when a SAAR of 48.2 million was registered.”
On the morning of 10 June 2020, well-respected market analysts GfK hosted an webinar for north of 170 European tyre executives. Overall, the “Global Car Tyre Market Overview” presentation concluded that, while there are many variables and unknowns, retail tyre demand in 2020 market is likely to be down 20-30 per cent compared with 2019.
Things are changing so quickly at the moment that most analyses end up little more than speculation two weeks later. That’s why Tyrepress contains both the latest news and seeks to set such developments into their medium- and long-term contexts. Take our Tyre Retail coverage for example (see “2020 UK tyre retail ranking” and “Which garages are open during lockdown“) where we list both the current proportions of open tyre retailers and analyse the overall UK tyre retail landscape in its seven-year context.
At the moment it is easy to get side-tracked by all the talk of the coronavirus. But, while it is clearly an important subject, the tyre business has a century or more of pre-history, has a present and has a future. With this in mind, May’s edition of Tyres & Accessories continues in line with the last eight years of research by counting and ranking the nation’s largest tyre retail chains.
The methodology is simple, we contact companies, consult publicly available sources and use third-party data where necessary in order to triangulate our tyre retail landscape. Of course, the present circumstances may look significantly different due to the nations’ current lockdown status (see “Which Garages are Open During Lockdown“). However, the shape of the tyre retail business before the lockdown will surely help the retail trade strategize for its ongoing future after lockdown, making this data as actionable as ever.
JATO Dynamics, which provides global automotive data, has David Krajicek as its CEO, effective 13 April 2020. Dr Krajicek has over 25 years’ experience. He joins from GfK where he had been at the helm as CEO of GfK Research since 2017.
The combination of political disruption and Brexit uncertainty made 2019 a tough year for the UK economy in general, so it is not surprising to learn that this was reflected in the overall passenger car tyre replacement market. According to the latest sell-out UK tyre replacement market data collated by analysts at GfK, the headline news is that both the value and the volume of the decreased in 2019. But there are reasons for hope, with signs of growth remaining in the value-rich SUV tyre sub-segment and with evidence of strong growth in sales of all-season tyres.
As the road to autonomy continues, companies such as Tesla, Uber, Ford, and Toyota are putting an increased emphasis on reaching the ultimate goal of ‘Level 5’ autonomous vehicle operation. With self-driving cars becoming closer to reality, advanced driver assistance systems (ADAS) are rapidly becoming commonplace in modern cars. Today, an increasing number of vehicles are equipped with ADAS, featuring collision avoidance, autonomous braking in emergencies, cruise control, and self-parking. Moreover, several safety organizations are lobbying governments to mandate at least two types of ADAS in all new vehicles. As of 2022, new safety technologies such as advanced emergency braking systems (AEBS) and forward collisions warning systems (FCWS) will become mandatory in vehicles in the US and Europe. With this in mind and following the publication of “ADAS Calibration Equipment Market” by Future Market Insights, Tyres & Accessories got in contact with one of the report’s writers, Alice Ajit Mutum, in order to find out more. According to her Future Market Insights biography, Mutum is an experienced market research writer and has written extensively on the industrial automation and equipment, and automotive domains.
New research suggests that the volume of sales of Charged Coupled Device (CCD) wheel aligners will “remain robust” in the decade between 2017 and 2026. Specifically, the Fact MR report states that the Global CCD Wheel alignment business will grow at a Compound Annual Growth Rate (CAGR) of 4.2 per cent in the period between 2017 and 2026. To put this into context, another report published by Verified, suggests that the global automotive wheel alignment system market was valued at $388.6 Million in 2018 and is projected to grow at a CAGR of 4.47 per cent to reach $481.4 Million by 2026.
Demand for trailers grew by 4.4 per cent in Eastern Europe in 2018, according to the latest research released by Clear. The market has grown every year for the last six years, but that growth has been quite moderate. Nevertheless, trailer sales in 2018 were the third highest on record, only surpassed in 2007 and 2008. The forecast for 2023 is that registrations of new trailers will be heading towards an all-time record.