Tag: OE business
Millennial car purchase intent on the rise in Europe
The global automotive industry is currently facing serious economic headwinds and declining sales, leaving industry players wondering if millennials—who currently make up one-third of the world’s population—will drive the industry forward or break from past generations on vehicle ownership. The Millennials and Auto Trends Report released by Duff & Phelps, the global advisor that protects, restores and maximises value for clients, shows that concerns that millennials are less interested in car ownership are greatly overstated and rooted in misconceptions about millennial car-buying patterns.
East European trailer demand downgraded due to Turkey instability
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.
Motorcycle registrations stabilise in September amid economic and political uncertainty
“Motorcycle registrations stabilised with a 3.9 per cent sales increase in September following last month’s decline, as both economic and political uncertainty affected demand for bikes”, said Stephen Latham, Head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK, commenting on figures from the Motor Cycle Industry Association.
WLTP and economic uncertainty depress LCV market in September
“Registrations of light commercial vehicles up to 3.5 tonnes fell by -23.5 per cent in September, as a result of the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) for vans and continued economic uncertainty”, said Sue Robinson, Director of the National Franchised Dealers Association which represents franchised commercial vehicle and car retailers across the UK, commenting on the SMMT’s light commercial vehicle registration figures.
VW and Daimler back heycar used car online marketplace
A new online marketplace for used cars launches in the UK today (15 August). heycar.co.uk is on a mission to bring greater trust and transparency to one of the UK economy’s largest retail sectors. The brand will do this by creating a superior user experience for consumers and dealers, launching with an inventory of over 100,000 listed vehicles from nearly 50 brands across 1,400 dealerships.
2020 Camaro features Tire Fill Alert system
General Motors has announced that it is equipping the new 2020 Camaro range with its Tire Fill Alert System.
Goodyear to supply Airbus A321XLR tyres
Airbus has selected Goodyear Flight Radial tyres as the main and nose landing gear fitment for Airbus’ new A321XLR aircraft.
Yokohama wins Subaru Supplier Award
In the USA, Yokohama Tire Corporation has been recognized by Subaru of Indiana Automotive (SIA) with a supplier’s award in the Excellent Performance category. Yokohama earned the award for its supply of the AVID S34P (225/40R18 88V) tyres on the Impreza.
Michelin Pilot Sport 4S OE on new BMW X3 M and X4 M
BMW has chosen the Michelin Pilot Sport 4S (PS4S) tyres as a 21-inch summer tyre fitment for its new high-performance X3 M and X4 M models. According to company, the new BMW X3 M and X4 M Competition models, which are fitted with 21-inch light alloy wheels, will be equipped with Michelin PS4S 255/40ZR21 102Y front and 265/40ZR21 105Y rear ultra-high-performance tyres.
West European trailer demand could fall 10%
West European trailer demand has not only faltered, but could fall by as much as 10 per cent, according to the latest analysis by Clear International. And, of course, if trailer demand is set to fall by as much as 10 per cent, this trend will no-doubt bring truck tyre OE sales down with it.
Maxxis to supply OE to Hero MotoCorp
Numerous Indian news sources are reporting that Maxxis India has entered into an OE supply arrangement with scooter manufacturer Hero MotoCorp. As a result, Maxxis is set to supply its 90/100-10 M6000 53J front and rear tyres.
UK economy in reverse after drop in automotive manufacturing
The UK economy contracted 0.4 per cent compared with the month before, following a sharp decline in automotive manufacturing, according to data from the Office for National Statistics (ONS). As a result of the contraction, growth for the three months to April slowed to 0.3 per cent.
Falken OE on Jeep Gladiator in US
Following Falken Tires’ recent selection as an original equipment (OE) supplier for the 2019 Jeep Wrangler Rubicon, Falken tyres will also be OE on the 2020 Jeep Gladiator mid-sized pickup truck.
BH Sens introducing universal truck TPMS in Bologna
With the launch of the IntelliSens UVS01HD, BH Sens now offers a universal tyre pressure monitoring sensor (TPMS) for commercial vehicles. Coverage includes other sensors manufacturer applications on all Mercedes Benz trucks and buses. The launch also coincides with the release of two new Truck TPMS diagnostic tools manufactured by Ateq (VT Truck) and Bartec (Tech700). All this is being presented at Autopromotec in Bologna (Italy).
April motorcycle sales up 7.3 per cent year-on-year
“The motorcycle market continued its upward trend in April, with sales up 7.3 per cent ahead of the same period last year and up 9.4 per cent year-to-date”, said Stephen Latham, Head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK. The figures were released by the Motor Cycle Industry Association